New London County One-Year Industry Employment Change

Employment for all industries has increased by 0.2 percent from 2005 (2nd Quarter). These figures are less than growth in the State of Connecticut, which experienced a gain of 1.1 percent from 2005 (2nd Quarter). The gains felt were less than than the gain seen for the United States of 2.0 percent.

New London County One-Year Percentage Growth in Employment

The Other specialty trade contractors industry has experienced the largest percentage growth, expanding by 29.1 percent from 2005 to 2006. This industry in New London County has grow faster than the overall industry growth seen in the State of Connecticut, where the industry took a gain of 6.3 percent. The Other specialty trade contractors industry in New London County outpaced the nation in terms of industry employment growth . During this period, the nation gained 6.8 percent.

Top 5 Industries
1. Other specialty trade contractors (29.1 percent gain)
2. Private households (26.5 percent gain)
3. Remediation and other waste services (7.0 percent gain)
4. Gasoline stations (6.0 percent gain)
5. Misc. durable goods merchant wholesalers (2.1 percent gain)

New London County One-Year Percentage Decline in Employment

The Computer systems design and related services industry has seen the largest percentage drop in employment, losing 18.2 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has gone through in the Connecticut, where the industry sector experienced a gain of 6.5 percent. The losses in the Computer systems design and related services industry in New London County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 6.8 percent in terms of employment in the Computer systems design and related services industry.

Top 5 Industries
1. Computer systems design and related services (18.2 percent decline)
2. Building equipment contractors (17.4 percent decline)
3. Services to buildings and dwellings (10.6 percent decline)
4. Building finishing contractors (8.9 percent decline)
5. Motor vehicle and parts merchant wholesalers (8 percent decline)

In New London County, Connecticut, the total number of workers for all sectors has increased by 5 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in New London County

Out of the 4-digit NAICS industries, the Other specialty trade contractors industry has accounted the most employment growth with a total of 25 employees finding new jobs in the industry. The employment growth in the Other specialty trade contractors industry makes up 64.9 percent of the total growth in New London County.

Top 5 Industries
1. Other specialty trade contractors (25 new jobs)
2. Gasoline stations (7 new jobs)
3. Private households (3 new jobs)
4. Building foundation and exterior contractors (1 new jobs)
5. Remediation and other waste services (1 new jobs)

Of the 14 industries with industry data reported by the BLS in each quarter, 8 accounted an for increase in employment during the period and 6 industries reported a drop in employment.

Total One-Year Employment Decline in New London County

Of the area's industries (4-digit NAICS), the Building equipment contractors industry experienced most substantial job loss, losing 26 jobs during the time period. The jobs lost in the Building equipment contractors industry make up 39.5 percent of the total employment decline in New London County, Connecticut.

Top 5 Industries
1. Building equipment contractors (26 jobs lost)
2. Building finishing contractors (15 jobs lost)
3. Services to buildings and dwellings (11 jobs lost)
4. Other wood product manufacturing (7 jobs lost)
5. Limited-service eating places (3 jobs lost)





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.

Income and Poverty in New London County, Connecticut

The areas median household income has increased a small amount from the values (adjusted for inflation) in 2000. The median has increased to $59,268, representing a 0 percent growth. New London County, Connecticut, in terms of percentage of growth, ranks 3 of 3 counties in percent of growth for the household income level in the State of Connecticut. New London County ranks 119 of 119 counties (or parishes) when comparing total percent of growth in median household income in the United States.

Evaluated with other counties (or parishes) across the nation, New London County, Connecticut can be understood to have a rate of poverty among the people, accounting a rate of 6.4 percent with a family income under the 1999 poverty level. The Hispanic race/ethnicity population category, holds the highest rate of poverty with 19.8 percent of the population in 2000 living in poverty. Individuals aged Under 5 years have the most percent of people living in poverty in New London County, having 11.6 percent of this age cohort living in poverty.

As the median household income witnessed a growth during the period of 2000 to 2005 in New London County, Connecticut, the Race/Ethnicity category that felt the biggest growth in median household income was the Black or African American category. This group felt an increase of 11.8 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income growth in New London County, seeing a 11.7 percent decline in median income, since the values reported in the 2000 Decennial Census.

Hispanic headed households in New London County, Connecticut reported a median household income of $42,451, which is 28.4 percent less than the median reported for all households in the area. The American Indian and Alaska Native households in New London County had a median household income level of $62,434, which was 5.4 percent greater than the median income level in this area. The Asian headed households reported median household incomes of $68,073. This income level is 14.9 percent greater than the reported median for all households in the area. Black or African American headed households had median income levels that were 24 percent less than the all population median published in the 2000 Census, with a median of $45,045. In New London County, Connecticut White householders had a median household income (in 2005 Dollars) of $60,573 as reported by the Decennial Census of 2000, which was 2.2 percent greater than the median in 2000.

Compared to other counties (and parishes) throughout the nation, New London County had a relatively high median income for households of $59,256 (Adjusted to 2005 Dollars). This figure is 6.5 percent lower than the household income median in State of Connecticut of $63,104 and this is 17.1 percent higher than the median household income in the United States of $49,133.

The poverty rate in New London County, Connecticut has declined by 0.9 percent from the rates reported in the Decennial Census, moving from 6.4 percent to 5.5 percent.

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