Monday, January 22, 2007

New Haven County One-Year Industry Employment Change

Total One-Year Employment Growth in New Haven County

The Building finishing contractors industry has added the most employment with 832 jobs added during the time period. These new jobs in the Building finishing contractors industry makes up 17.2 percent of the growth in New Haven County.

Top 5 Industries
1. Building finishing contractors (832 new jobs)
2. Building equipment contractors (365 new jobs)
3. Offices of physicians (260 new jobs)
4. Full-service restaurants (233 new jobs)
5. Support activities for water transportation (230 new jobs)

From the 137 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 56 described an expansion of jobs throughout the time period, while 81 industry sectors reported declines during the time period.

In New Haven County, Connecticut, the entire sum of jobs in all industries overall has increased by 3,701 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Decline in New Haven County

Of the area's industries (4-digit NAICS), the Building foundation and exterior contractors industry has lost the most employment with a total loss of 253 jobs during the time period. The jobs lost in the Building foundation and exterior contractors industry make up 12.0 percent of the employment lost during the period in New Haven County, Connecticut.

Top 5 Industries
1. Building foundation and exterior contractors (253 jobs lost)
2. Freight transportation arrangement (189 jobs lost)
3. Other support services (144 jobs lost)
4. Electronic shopping and mail-order houses (143 jobs lost)
5. Highway, street, and bridge construction (120 jobs lost)

Total industry employment has increased by 4.7 percent from 2005 (2nd Quarter). These figures are greater than growth in the State of Connecticut, which saw a gain of 1.1 percent from 2005 (2nd Quarter). The gains the area experienced were greater than than the gain reported at the US level of 2.0 percent.

New Haven County One-Year Percentage Growth in Employment

The Building finishing contractors industry has gone through the largest job growth by percent, increasing by 93.2 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in New Haven County has increased employment faster than the industry has grown in the State of Connecticut, where it saw a loss of 5.3 percent. The Building finishing contractors industry in New Haven County outpaced the national average, which felt a gained 5.4 percent of the industry employment.

Top 5 Industries
1. Building finishing contractors (93.2 percent gain)
2. Other residential care facilities (83.1 percent gain)
3. Metalworking machinery manufacturing (76.6 percent gain)
4. Support activities for water transportation (56.2 percent gain)
5. Investigation and security services (45.8 percent gain)

New Haven County One-Year Percentage Decline in Employment

The Other financial investment activities industry has seen the largest percentage drop in employment, losing 60.4 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has felt in the State of Connecticut, where the industry sector experienced a loss of 5.3 percent. The losses in the Other financial investment activities industry in New Haven County outpaced the US in terms of percent of decline of industry employment. The US gained 7.1 in percent of workers in the Other financial investment activities industry.

Top 5 Industries
1. Other financial investment activities (60.4 percent decline)
2. Highway, street, and bridge construction (58.3 percent decline)
3. Medical equipment and supplies manufacturing (56.9 percent decline)
4. Electronic shopping and mail-order houses (55.5 percent decline)
5. Freight transportation arrangement (51.7 percent decline)





About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Wednesday, January 10, 2007

Income and Poverty in New Haven County, Connecticut

When compared to other counties (or parishes) across the United States, New Haven County, Connecticut may be understood as having a poverty rate amid the residents with a poverty rate of 9.5 percent of the population with family incomes below the 1999 poverty level. The Hispanic race/ethnicity demographic category, owns the foremost rate of poverty with 26.9 percent of the 2000 residents living in poverty. People aged Under 5 years have the largest percent of population in poverty in New Haven County, with 14.9 percent of this demographic group living with incomes under poverty.

The household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $53,591, which represents a 6.2 percent decline. New Haven County, Connecticut, in terms of percentage of decline, ranks 2 of 5 counties in percent of decline for the household income level in the State of Connecticut. New Haven County ranks 402 of 668 counties (or parishes) when comparing total percent of decline in median income level for the United States.

The poverty rate in New Haven County, Connecticut has increased by 1.7 percent from the rates reported in the Decennial Census, moving from 9.5 percent to 11.2 percent.

In New Haven County, Connecticut White headed households reported a median household income (2005 Dollars) of $61,133 as reported by the Decennial Census of 2000, which was 7 percent greater than the median in 2000. Black or African American householders reported a median household income that was 35 percent less than the overall median reported in 2000, with a reported median of $37,132. The American Indian and Alaska Native headed households in New Haven County had a median income of $40,062, this level was 29.9 percent less than the areas median level for all households. Hispanic Householders in New Haven County, Connecticut , as reported in 2000, had a median household income of $34,359, this income level is 39.9 percent less than the areas median income level for all households. The Asian headed households reported median household incomes of $61,395. This median is 7.5 percent greater than the reported median household income, in the area, for all households.

When compared to other counties (and parishes) throughout the United States, New Haven County was reported to have a relatively high household income of $57,136 (Adjusted to 2005 Dollars). This is 10.4 percent lower than the household income median in State of Connecticut of $63,104 and this is 14 percent higher than the median for the rest of the nation, which is a reported $49,133.

As the median income level saw a decline during the period of 2000 to 2005 in New Haven County, Connecticut, the Race/Ethnicity group that went through the most dramatic decline in median income was the Black or African American Race/Ethnicity category. This group experienced a decline of 18.2 percent since the year 2000. The Asian population group was least impacted by the household income decline in New Haven County, undergoing a 8.1 percent increase in household income, since the reported levels in 2000.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

 

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