Norwich-New London, CT

Norwich-New London Metro Area industry wages have increased by 10.9% percent since 2001

2007-03-19T01:27:00.000-07:00

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Since 2001, industry wages increased in the Norwich-New London Metro Area by a total of 10.9%. This is less than the growth in average industry wages for Connecticut and less than the growth in average wages for the US.

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.

Norwich-New London Metro Area Industry Wages Lag Behind Connecticut, but Wages Exceed the United States Industry Wages

2007-02-27T22:31:00.000-08:00

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Total wages in all industries in Norwich-New London, CT when analyzed can be understood as being relatively high when analyzed with other Metro Areas in the United States. The overall wages are 18.2 percent lower than the with an state average of $50,793. The average industry wage was greater 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.

Norwich-New London Five-Year Industry Employment Change

2007-02-11T14:02:00.000-08:00

Total Five-Year Employment Growth in the Norwich-New London Metro Area

Of the industries (4-digit NAICS) in the area, the Full-service restaurants industry has brought the most jobs with a total of 1,097 employees finding new jobs in the industry. The employment growth in the Full-service restaurants industry makes up 10.9 percent of the total growth in Norwich-New London.

Top 5 Industries
1. Full-service restaurants (1,097 new jobs)
2. Other general merchandise stores (1,037 new jobs)
3. Scientific research and development services (995 new jobs)
4. Limited-service eating places (694 new jobs)
5. Offices of physicians (362 new jobs)

Given the 138 industries with industry data reported by the BLS in each quarter, 59 accounted an for increase in employment during the period and 78 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Decline in the Norwich-New London Metro Area

Given the industries in the area, the Department stores industry experienced most substantial job loss, losing 698 jobs in that time period. The declines in the Department stores industry make up 12.3 percent of the employment lost during the period in Norwich-New London, CT.

Top 5 Industries
1. Department stores (698 jobs lost)
2. Traveler accommodation (583 jobs lost)
3. Employment services (467 jobs lost)
4. Nonresidential building construction (403 jobs lost)
5. Investigation and security services (366 jobs lost)

In the Norwich-New London, CT metro area, the aggregate employment for all industry sectors has increased by 3,587 jobs from mid-2001 to mid-2006.

The Norwich-New London Metro Area: Five-Year Percentage Decline in Employment

The Unclassified industry has lost the largest percent of jobs, losing 84.6 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 sector has gone through in the Connecticut, where the industry reported a loss of 73 percent. The losses in the Unclassified industry in Norwich-New London outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 1.7 percent in terms of employees in the Unclassified industry.

Top 5 Industries
1. Unclassified (84.6 percent decline)
2. Other heavy construction (80.8 percent decline)
3. Automotive equipment rental and leasing (65.3 percent decline)
4. Investigation and security services (55.8 percent decline)
5. Educational support services (54.4 percent decline)

The Norwich-New London Metro Area: Five-Year Percentage Growth in Employment

The Electronic equipment repair and maintenance industry has gone through the largest job growth by percent, increasing by 726.4 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Norwich-New London has grow faster than the industry has grown in the State of Connecticut, where the industry took a gain of 20.4 percent. The Electronic equipment repair and maintenance industry in Norwich-New London outpaced the US in terms of percent growth of industry employment. During this period, the US lost 2.5 percent.

Top 5 Industries
1. Electronic equipment repair and maintenance (726.4 percent gain)
2. Other general merchandise stores (448.3 percent gain)
3. Scientific research and development services (349.4 percent gain)
4. Other residential care facilities (330.1 percent gain)
5. Wireless telecommunications carriers (321.4 percent gain)

The total number of jobs has increased by 4.1 percent from 2001 (2nd Quarter). These figures are less than growth in the State of Connecticut, which experienced a loss of 0.4 percent since 2001 ( 2nd Quarter). The gains the area experienced were greater than than the gain seen for the United States of 2.6 percent.

Norwich-New London One-Year Industry Employment Change

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Of the 145 industries with industry data reported by the BLS in each quarter, 57 showed an escalation in the number employed, while 87 industries reported employment loss in the period.

In the Norwich-New London, CT metro area, the total number of jobs throughout all industries has increased by 237 total jobs from 2005 to 2006.

Total One-Year Employment Decline in the Norwich-New London Metro Area

The Department stores industry experienced most substantial job loss, losing 1,028 jobs during the time period. The jobs lost in the Department stores industry make up 37.8 percent of the jobs lost during the period in Norwich-New London, CT.

Top 5 Industries
1. Department stores (1,028 jobs lost)
2. Building finishing contractors (181 jobs lost)
3. Employment services (166 jobs lost)
4. Greenhouse and nursery production (165 jobs lost)
5. Other heavy construction (102 jobs lost)

Total One-Year Employment Growth in the Norwich-New London Metro Area

The Other general merchandise stores industry has brought the most jobs with a total of 903 new jobs created in the period. The job growth in the Other general merchandise stores industry makes up 27.7 percent of the total growth in Norwich-New London.

Top 5 Industries
1. Other general merchandise stores (903 new jobs)
2. Limited-service eating places (266 new jobs)
3. Computer systems design and related services (156 new jobs)
4. Full-service restaurants (146 new jobs)
5. Building material and supplies dealers (135 new jobs)

The Norwich-New London Metro Area: One-Year Percentage Growth in Employment

The Other general merchandise stores industry has seen the largest percentage job growth, expanding by 247.2 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Norwich-New London has increased employment faster than the industry job growth experienced in Connecticut, where it saw a gain of 35.5 percent. The Other general merchandise stores industry in Norwich-New London outpaced the US in terms of percent growth of industry employment. During this period, the US gained 3.3 percent.

Top 5 Industries
1. Other general merchandise stores (247.2 percent gain)
2. Other crop farming (131.4 percent gain)
3. Educational support services (106.7 percent gain)
4. Fishing (84.6 percent gain)
5. Electronic markets and agents and brokers (54.5 percent gain)

Employment for all industries has increased by 0.3 percent since the 2nd Quarter of 2005. This is less than percent in Connecticut, which experienced a gain of 1.1 percent from 2005 (2nd Quarter). The gains the area experienced were less than than the gain felt at the national level of 2 percent.

The Norwich-New London Metro Area: One-Year Percentage Decline in Employment

The Other heavy construction industry has seen the largest percentage drop in employment, losing 73.7 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 has experienced in the State of Connecticut, where the it saw a loss of 20.5 percent. The losses in the Other heavy construction industry in Norwich-New London outpaced the United States industry losses overall. During this period, the United States gained 4.4 percent in terms of employees in the Other heavy construction industry.

Top 5 Industries
1. Other heavy construction (73.7 percent decline)
2. Unclassified (55.7 percent decline)
3. Nondepository credit intermediation (51.7 percent decline)
4. Department stores (45 percent decline)
5. General rental centers (40.6 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.

Income and Poverty in Norwich-New London, CT

2007-01-11T17:21:00.000-08:00

When analyzed against other Metropolitan Statistical Areas in the US, the Norwich-New London metro area had a medium-high household income of $45,123 (2005 Dollars). This median is 39.8 percent lower than the household income median in State of Connecticut of $63,104 and the income level is 8.9 percent lower than the median household income in the United States of $49,133.

While household income level experienced a growth since 2000 in the Norwich-New London, CT metro area, the Race/Ethnicity category that felt the biggest growth in median household income was the Race/Ethnicity category. This group experienced an of . percent in the last five years. The population category was least influenced by the median household income growth in Norwich-New London, encountering a . percent in median income, since the values reporting the 2000 Decennial Census.

The poverty rate in the Norwich-New London, CT Metro has declined by 7.2 percent since the 2000 rates, moving from 12.7 percent to 5.5 percent.

When compared to other Metro Areas across the United States, the Norwich-New London metro area can be considered to have a medium-high rate of poverty among its population, accounting a rate of 12.7 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 35.5 percent of the 2000 population living in poverty. People that are of the age Under 5 years are experiencing most percent people in poverty in Norwich-New London, with 23.4 percent of this demographic group living with incomes under poverty.

The areas median household income has increased sharply from the values (adjusted for inflation) in 2000. The median has increased to $59,268, which amounts to a 31.3 percent growth. The Norwich-New London, CT MSA, in terms of percentage of growth, ranks 4 of 7 metro area in percent of growth for median household income in the State of Connecticut. Norwich-New London ranks 48 of 233 metro area when comparing the growth in median income level for the United States.

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

Demographic Profile for Norwich-New London, CT

2006-12-03T04:44:00.000-08:00

Since 2000, a medium-high number of individuals migrated into the Norwich-New London metro area, with 2,261 people migrating in from outside the country. The immigration into Norwich-New London makes up 3 percent of all immigration into Connecticut. This percent of immigration can be considered medium-high when compared to international migration per 2005 population.

The Norwich-New London metropolitan statistical area (MSA) has a population that is made of 82.6 percent White, 5.3 percent African American, 3.1 percent Asian, and 6.1 percent Hispanic. This area can be considered to have a modest amount of racial and ethnic diversity, with 14.5 percent of the population being minorities. This is less than the State of Connecticut percent of 23.2. Since 2000, Norwich-New London has increased the level of diversity when 12.3 percent of the population was made up of minorities.

The Norwich-New London metro area had a population that was estimated at 266,618 in the year 2005. The population has increased, since the 2000 total population of 259,481. This growth represents an increase of 2.8 percent. Norwich-New London ranks 4 of 4 MSAs by growth in total population in Connecticut and the metro area ranks 204 of 361 metro areas when analyzing total MSA population change across the nation.

When calculating the total land area, the Norwich-New London metro area spans a total of 666 square miles. The land areas has a medium-high population density of 400 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Sacramento--Arden-Arcade--Roseville (401 per sq. mile ), Toledo (405 per sq. mile ), Poughkeepsie-Newburgh-Middletown (413 per sq. mile ), -- less densely populated -- Ocean City (389 per sq. mile ), Jacksonville (388 per sq. mile ), Boulder (378 per sq. mile ).

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

Housing Report for Norwich-New London

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Norwich-New London recorded a median home value in 2005 of $237,400, accounted by the American Community Survey. This is less than the State of Connecticut 2005 median home value of $271,500 and greater than home value of $167,500 across the United States during the same year.

Looking across the State of Connecticut, Norwich-New London stands 1 of the 4 metro areas by percentage growth in residential real estate. The metro area is positioned 273 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Norwich-New London has a relatively high percentage of high-priced residential real estate. For the year 2005, the American Community Survey reported that 10.4 percent of the areas residential property was valued over $500k.

There seems to be a limited amount of affordable housing in Norwich-New London, Connecticut. In 2005, only 9.6 percent of housing was valued under $125k.

In Norwich-New London, the real estate market was made up of 114,805 homes in the year 2005. This MSA has gone through a medium level of growth in the number housing units, adding in all 3,396 housing units since the year 2001, or 3 percent.

Data Source: U.S. Census Bureau

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

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A well-paying sector in Norwich is the utilities industry with wages that annually pay $89,534. From the year 2001, the annual average wages in the industry have grown by 5.7 percent or $4,865. The State of Connecticut has a similar job market in the utilities sector, placing near the top of sectors according to average 2004 industry pay.

In Norwich, Utilities, Manufacturing and Agriculture, forestry, fishing and hunting are the three industries with the highest location quotients. The Utilities industry has a US LQ in the region of 3.18. In other words, the percent of total jobs in the Utilities industry is 3.18 times more than the average percent in the United States, revealing signs that Norwich specializes in Utilities.

Utilities has the largest employers in Norwich Metro Area. The industry averages 119 workers per each place of employment, being greater than the US industry average of 34 and greater than the State of Connecticut average of 57 for the Utilities industry.

Management of companies and enterprises from 2001-2005 had the highest increase in employment in Norwich, growing in new jobs by 44.1 percent. This is greater than the United States industry change in employment of 1.6 percent. The State of Connecticut experienced a change in employment in the sector of -11.7 percent, in the period of time since 2001.

The Norwich-New London Metropolitan Area ranks 170 of 363 throughout the US according to the relatively size of the employment base in the year 2005. This ranking has slipped behind since the year 2001, when it was ranked 169 of 363 Counties.

Administrative and waste services since the year 2001 lost the most jobs in the Norwich Metro Area. The industry lost a total of 609 jobs during the period, or 16.1 percent of the employment in the industry. This made up a total of 27.8 percent of all Metro Area employment losses since 2001.

In Norwich, Manufacturing, Health care and social assistance, and the Retail Trade sectors are the largest industries, in terms of total number of jobs in 2005. The Manufacturing produces the largest number of jobs in the area accounting for 19.4 percent of all jobs throughout the region, totaling 17,433 people employed. The Health care and social assistance and Retail Trade sectors provide 16.3 and 16 percent of all employment.

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