Hartford-West Hartford-East Hartford, CT

Hartford-West Hartford-East Hartford Metro Area industry wages have increased by 15.2% percent since 2001

2007-03-19T01:01:00.000-07:00

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Industry wages, from 2001 to 2006, have increased in the Hartford-West Hartford-East Hartford Metro Area by a total of 15.2%. This is less than the growth in average industry wages for Connecticut and less than the growth in average industry wages for the United States.

About: These facts are part of 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.

Hartford-West Hartford-East Hartford Metro Area Industry Wages Lag Behind Connecticut, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:04:00.000-08:00

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Total wages in all industries in Hartford-West Hartford-East Hartford, CT when analyzed can be understood as being medium-low when compared to other Metro Areas throughout the US in the 2nd quarter of 2006. The industry wages are 28.6 percent lower than the reported averages in the state of $50,793. The average pay was less than the overall average in the United States of $40,259.

About: These facts are part of 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.

Hartford-West Hartford-East Hartford Five-Year Industry Employment Change

2007-02-11T13:34:00.000-08:00

In the Hartford-West Hartford-East Hartford, CT metro area, the aggregate employment for all industry sectors has increased by 2,907 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Of the 72 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 39 reported job growth in the duration of the last five years and 33 industries reported a drop in employment.

Total Five-Year Employment Decline in the Hartford-West Hartford-East Hartford Metro Area

From of the area's 4-digit NAICS industries, the Depository credit intermediation industry has lost the most employment with a total loss of 1,078 jobs. The declines in the Depository credit intermediation industry make up 9.9 percent of the total employment decline in Hartford-West Hartford-East Hartford, CT.

Top 5 Industries
1. Depository credit intermediation (1,078 jobs lost)
2. Computer systems design and related services (976 jobs lost)
3. Grocery stores (959 jobs lost)
4. Printing and related support activities (874 jobs lost)
5. Paper and paper product merchant wholesalers (729 jobs lost)

Total Five-Year Employment Growth in the Hartford-West Hartford-East Hartford Metro Area

Of the industries (4-digit NAICS) in the area, the Limited-service eating places industry has grown the most with 2,230 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 15.0 percent of the total growth in Hartford-West Hartford-East Hartford.

Top 5 Industries
1. Limited-service eating places (2,230 new jobs)
2. Full-service restaurants (2,165 new jobs)
3. Clothing stores (1,373 new jobs)
4. Services to buildings and dwellings (1,323 new jobs)
5. Offices of physicians (1,024 new jobs)

The Hartford-West Hartford-East Hartford Metro Area: Five-Year Percentage Decline in Employment

The Paper and paper product merchant wholesalers industry has lost the biggest percent of jobs, losing 58 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has experienced in the State of Connecticut, where the industry felt a loss of 36.9 percent. The losses in the Paper and paper product merchant wholesalers industry in Hartford-West Hartford-East Hartford outpaced the United States industry losses overall. During this period, the United States lost 11.2 in percent of workers in the Paper and paper product merchant wholesalers industry.

Top 5 Industries
1. Paper and paper product merchant wholesalers (58 percent decline)
2. Unclassified (49.9 percent decline)
3. Specialty food stores (37.7 percent decline)
4. Scheduled air transportation (32.8 percent decline)
5. Office supplies, stationery, and gift stores (31.8 percent decline)

The total number of jobs has increased by 6.1 percent from the reported values in 2001. These values are less than percent in Connecticut, experiencing a loss of 0.4 percent from 2001 (2nd Quarter). The gains felt were greater than than the gain experienced overall in the US of 2.6 percent.

The Hartford-West Hartford-East Hartford Metro Area: Five-Year Percentage Growth in Employment

The Office administrative services industry has gone through the largest job growth by percent, increasing by 109.0 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Hartford-West Hartford-East Hartford has grow faster than the industry job growth experienced in Connecticut, where this industry saw a gain of 50.3 percent. The Office administrative services industry in Hartford-West Hartford-East Hartford outpaced the US in terms of percent growth of industry employment. During this period, the US gained 37.6 percent of the employment in this industry.

Top 5 Industries
1. Office administrative services (109.0 percent gain)
2. Other nonferrous metal production (50.1 percent gain)
3. Private households (46.8 percent gain)
4. Other schools and instruction (44.6 percent gain)
5. Residential mental health facilities (34.0 percent gain)

Hartford-West Hartford-East Hartford One-Year Industry Employment Change

2007-01-24T11:57:00.000-08:00

Total One-Year Employment Decline in the Hartford-West Hartford-East Hartford Metro Area

The Grocery stores industry experienced most substantial job loss, losing 564 jobs in that time period. The declines in the Grocery stores industry make up 23.9 percent of the total employment decline in Hartford-West Hartford-East Hartford, CT.

Top 5 Industries
1. Grocery stores (564 jobs lost)
2. Building finishing contractors (230 jobs lost)
3. Building foundation and exterior contractors (227 jobs lost)
4. Motor vehicle and parts merchant wholesalers (121 jobs lost)
5. Scientific research and development services (121 jobs lost)

In the Hartford-West Hartford-East Hartford, CT metro area, the total number of jobs throughout all industries has increased by 1,920 jobs from mid-2005 to mid-2006.

Given the 91 4-digit NAICS industries, 35 showed an escalation in the number employed, while 56 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Growth in the Hartford-West Hartford-East Hartford Metro Area

Of the industries (4-digit NAICS) in the area, the Clothing stores industry has brought the most jobs with a total of 812 total jobs brought in during the period. The growth in the Clothing stores industry makes up 9.5 percent of the total number of new jobs in Hartford-West Hartford-East Hartford.

Top 5 Industries
1. Clothing stores (812 new jobs)
2. Individual and family services (706 new jobs)
3. Computer systems design and related services (615 new jobs)
4. Accounting and bookkeeping services (489 new jobs)
5. Limited-service eating places (452 new jobs)

Total employment has increased by 3.9 percent from the reported values in 2005. These values are greater than percent in the State of Connecticut, which went through a gain of 1.1 percent since 2005 ( 2nd Quarter). The gains felt were greater than than the gain seen for the United States of 2 percent.

The Hartford-West Hartford-East Hartford Metro Area: One-Year Percentage Decline in Employment

The Agents and managers for public figures industry has lost the largest percent of jobs, losing 42.1 percent of the jobs from 2005 to 2006. These have declined faster than the industry has experienced in the State of Connecticut, where the industry reported a loss of 9.8 percent. The losses in the Agents and managers for public figures industry in Hartford-West Hartford-East Hartford outpaced the US in terms of percent of decline of industry employment. The US gained 13.5 percent in terms of employees in the Agents and managers for public figures industry.

Top 5 Industries
1. Agents and managers for public figures (42.1 percent decline)
2. Other nonferrous metal production (22.7 percent decline)
3. Unclassified (14.1 percent decline)
4. Glass and glass product manufacturing (13.4 percent decline)
5. Scientific research and development services (12.6 percent decline)

The Hartford-West Hartford-East Hartford Metro Area: One-Year Percentage Growth in Employment

The Other ground passenger transportation industry has experienced the largest percentage growth, expanding by 31.0 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Hartford-West Hartford-East Hartford has expanded faster than the industry job growth experienced in Connecticut, where it saw a gain of 12.2 percent. The Other ground passenger transportation industry in Hartford-West Hartford-East Hartford outpaced the national average, which felt a gained 4.2 percent in this industry.

Top 5 Industries
1. Other ground passenger transportation (31.0 percent gain)
2. Offices of real estate agents and brokers (31.0 percent gain)
3. Lumber and const. supply merchant wholesalers (26.6 percent gain)
4. Other schools and instruction (18.8 percent gain)
5. Clothing stores (16.2 percent gain)

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 Hartford-West Hartford-East Hartford, CT

2007-01-11T15:51:00.000-08:00

The poverty rate in the Hartford-West Hartford-East Hartford, CT Metro has increased by 0.3 percent from the levels reported in the Decennial Census of 2000, moving from 8.1 percent to 8.4 percent.

Evaluated with other MSAs across the nation, the Hartford-West Hartford-East Hartford metro area can be understood to have a rate of poverty among the people, accounting a rate of 8.1 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 29.3 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the most percent of people living in poverty in Hartford-West Hartford-East Hartford, reporting 13.6 percent of this age group in the area living in poverty.

When compared to other Metro Areas throughout the United States, the Hartford-West Hartford-East Hartford metro area accounted a medium-high median income for all households of $50,336 (2005 Dollars). This median is 25.4 percent lower than the median income in State of Connecticut of $63,104 and the median household income is 2.4 percent higher than the median in the US, which is $49,133.

While the median household income saw a growth since 2000 in the Hartford-West Hartford-East Hartford, CT metro area, the Race/Ethnicity category that felt the biggest growth in median income was the Race/Ethnicity category. This category went through an of . percent from 2000 to 2005. The population category was least influenced by the median household income growth in Hartford-West Hartford-East Hartford, experiencing a . percent in household income, since the reported levels in 2000.

The areas median household income has increased sharply from the inflation-adjusted values in 2000. The income level has increased to $61,327, which represents a 21.8 percent growth. The Hartford-West Hartford-East Hartford, CT MSA, when comparing total percent of growth, ranks 17 of 28 metro area in percent of growth for income levels in the State of Connecticut. Hartford-West Hartford-East Hartford ranks 17 of 28 metro area when comparing the growth in household income across the nation.

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

Higher Education in the Hartford-West Hartford-East Hartford, CT Metro Area

2006-12-19T19:44:00.000-08:00

From 2000 to 2005, the percent of the male population that can be considered highly educated has decreased by . percent. By 2005, 34.6 percent of area's male population (+25) achieved a BA or Higher. During the same period, the percent of women (+25) that have earned a BA or higher has decreased by a total of . percent. By 2005, a total of 32.4 percent of the female population having received at least a Bachelors Degree.

From 2000, the Hartford-West Hartford-East Hartford metro area has decreased in the percent of the total population (+25) with a BA or Higher. The portion of this population has declined by . percent to a total of 33.4 percent in 2005. According to the American Community Survey, the proportion of the population in 2005 with a BA or Higher is less than the State of Connecticut percent of 35 and greater than the average US percent of 27.2.

In the Hartford-West Hartford-East Hartford, CT Metro Area as reported in the 2005 American Community Survey, 35.2 percent of the White Alone, 17.8 percent of Black or African American, 55.8 percent of the Asian alone and 14.6 percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.

Hartford-West Hartford-East Hartford, CT Metro Area has a highly-educated population, with 33.4 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Hartford-West Hartford-East Hartford MSA counted a lower percent of individuals with higher educations than the State of Connecticut's proportion of 35 percent and a higher percent than United States proportion of 27.2 percent.

Reported by the 2005 American Community Survey in the Hartford-West Hartford-East Hartford, CT Metro Area, the most common level of education achieved in the area for the male population is the Bachelors Degree or Higher category, with 34.6 percent achieving this level. The female population in the Hartford-West Hartford-East Hartford metro area have attainment on average a lower level of higher education (Bachelors Degree or Higher) than the male population-- 34.6 percent (Men) versus 32.4 percent (Women). A high proportion of the female population in the area has reached the Bachelors Degree or Higher category, with 32.4 percent of women in the area reaching this education level.

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

Demographic Profile for Hartford-West Hartford-East Hartford, CT

2006-12-03T03:00:00.000-08:00

In terms of total land area, the Hartford-West Hartford-East Hartford metro area spans a total area of 1515 square miles. The MSA has a high average area density of 784 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Baltimore-Towson (799 per sq. mile ), Washington-Arlington-Alexandria (802 per sq. mile ), Providence-New Bedford-Fall River (1,013 per sq. mile ), -- less densely populated -- Akron (776 per sq. mile ), Buffalo-Niagara Falls (732 per sq. mile ), El Paso (712 per sq. mile ).

The Hartford-West Hartford-East Hartford metropolitan statistical area (MSA) has a population base that is comprised of 75.5 percent White, 9.8 percent African American, 3 percent Asian, and 10.4 percent Hispanic. This area can be considered to have a high level of diversity in terms of race and ethnicity, with 23.2 percent of the population made up of minorities. This is equal to the State of Connecticut percent of 23.2. Since 2000, Hartford-West Hartford-East Hartford has increased the level of diversity when 21.2 percent of the people were minorities.

The Hartford-West Hartford-East Hartford metro area had a total estimated population of 1,188,241 for the year 2005. The total population has increased, since the 2000 total population of 1,151,066. This growth denotes an increase of 3.2 percent. Hartford-West Hartford-East Hartford ranks 1 of 4 MSAs by growth in total population in Connecticut and the metro area ranks 72 of 361 metro areas when analyzing total MSA population change across the nation.

Since the year 2000, a high amount of people migrated into the Hartford-West Hartford-East Hartford metro area, with 20,208 people migrating in internationally. The international migration into Hartford-West Hartford-East Hartford accounts for 26.6 percent of immigration into the State of Connecticut. This amount of international migration is high when analyzed against immigration per population in 2005.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Hartford-West Hartford-East Hartford

2006-11-11T16:50:00.000-08:00

In Hartford-West Hartford-East Hartford, the census reported 486,251 homes in 2005. The metro area has experienced a medium level of growth in the number housing units, adding a sum of 11,537 housing units since the year 2001, or 2.4 percent.

Hartford-West Hartford-East Hartford recorded a median home value in 2005 of $229,400, accounted by the American Community Survey. This home value is less than the Connecticut 2005 home value of $271,500 and greater than median owner-occupied dwelling value of $167,500 for the United States in the same year.

Looking across the State of Connecticut, Hartford-West Hartford-East Hartford places 2 of the 4 metro areas by percentage growth in residential real estate. The metro area is positioned 297 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Hartford-West Hartford-East Hartford is made up of a relatively high percentage of homes that are high in price. For 2005, the American Community Survey reports that 6.2 percent of the houses were valued over a half a million dollars.

There is a limited amount of real estate that is affordable in Hartford-West Hartford-East Hartford, Connecticut. In 2005, only 8.7 percent of owner-occupied dwellings were valued under $125k.

Data Source: U.S. Census Bureau

Employment Report for Hartford, Connecticut -- Annual 2005 Industry Summary

2006-11-04T23:56:00.000-08:00

In Hartford, Manufacturing, Finance and insurance, and the Retail Trade industries are the largest employment industries. The Manufacturing provides the most jobs and contributes . percent of the total MSA employment. This totals 73,956 individuals. The Finance and insurance and Retail Trade industries total . and . percent of industry employment.

Educational services is the industry that has grown the most in terms of employment from 2001-2005 in Hartford, with an employment growth of 12.7 percent. This is less than the change of total jobs in the industry for the United States of 13.8 percent. The State of Connecticut felt a shift in employment in the industry of 12.4 percent, during the period.

A high-wage industry in Hartford is the finance and insurance industry with wages that annually pay $86,571. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 21.8 percent or $15,475. The State of Connecticut shows a similar job market in the finance and insurance sector, placing near the top of industries in term of the average annual pay of 2004.

Manufacturing has the largest businesses in Hartford Metro Area. The industry averages 37 jobs per establishment, which is less than the industry's average at the national level of 39 and greater than the State of Connecticut typical size of 36 for the Manufacturing industry.

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