Friday, February 23, 2007

Kent County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Kent County

Out of the 4-digit NAICS industries, the Electronic markets and agents and brokers industry has accounted the most employment growth with a total of 603 jobs added during the time period. These new jobs in the Electronic markets and agents and brokers industry makes up 15.2 percent of the growth in Kent County.

Top 5 Industries
1. Electronic markets and agents and brokers (603 new jobs)
2. Limited-service eating places (540 new jobs)
3. Building equipment contractors (345 new jobs)
4. Employment services (331 new jobs)
5. Residential building construction (278 new jobs)

Total Five-Year Employment Decline in Kent County

Given the industries in the area, the Business support services industry experienced most substantial job loss, losing 749 jobs in that time period. The declines in the Business support services industry make up 43.5 percent of the employment lost during the period in Kent County, Delaware.

Top 5 Industries
1. Business support services (749 jobs lost)
2. Depository credit intermediation (326 jobs lost)
3. Insurance carriers (257 jobs lost)
4. Highway, street, and bridge construction (166 jobs lost)
5. Investigation and security services (87 jobs lost)

In Kent County, Delaware, the total number of jobs throughout all industries has increased by 327 jobs between mid-2001 and mid-2006.

From the 51 industries with industry data reported by the BLS in each quarter, 14 described an expansion of jobs throughout the time period, while 37 industry sectors reported declines during the time period.

Total industry employment has increased by 1 percent from the reported values in 2001. These values are less than percent in the State of Delaware, which went through a gain of 2.7 percent since the 2nd Quarter of 2001. The gains felt were less than than the gain seen for the United States of 2.6 percent.

Kent County Five-Year Percentage Growth in Employment

The Electronic markets and agents and brokers industry has experienced the largest percentage growth, expanding by 800.9 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Kent County has expanded faster than the growth seen in the industry for Delaware, where the industry felt a gain of 288.4 percent. The Electronic markets and agents and brokers industry in Kent County outpaced the national average, which felt a gained 29.2 percent of the industry employment.

Top 5 Industries
1. Electronic markets and agents and brokers (800.9 percent gain)
2. Other support services (381.1 percent gain)
3. Other financial investment activities (193.8 percent gain)
4. Management and technical consulting services (137.8 percent gain)
5. Electric goods merchant wholesalers (128.8 percent gain)

Kent County Five-Year Percentage Decline in Employment

The Business support services industry has lost the largest amount of employment in terms of percentage, losing 76.7 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 felt in the State of Delaware, where the industry reported a loss of 38.7 percent. The losses in the Business support services industry in Kent County outpaced the United States industry losses overall. During this period, the United States gained 0.8 percent in terms of employees in the Business support services industry.

Top 5 Industries
1. Business support services (76.7 percent decline)
2. Highway, street, and bridge construction (66.6 percent decline)
3. Farm product raw material merch. whls. (43.2 percent decline)
4. Investigation and security services (42.3 percent decline)
5. Insurance carriers (40.9 percent decline)





About: This report is part 2 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.

 

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