Friday, February 23, 2007

Indian River County Five-Year Industry Employment Change

Indian River County Five-Year Percentage Decline in Employment

The Grantmaking and giving services industry has lost the largest amount of employment in terms of percentage, losing 56.2 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 Florida, where the industry sector experienced a loss of 14 percent. The losses in the Grantmaking and giving services industry in Indian River County outpaced the United States industry losses overall. During this period, the United States lost 3.5 percent in terms of employees in the Grantmaking and giving services industry.

Top 5 Industries
1. Grantmaking and giving services (56.2 percent decline)
2. Nonresidential building construction (47.3 percent decline)
3. Management and technical consulting services (38.1 percent decline)
4. Specialty food stores (37.7 percent decline)
5. Jewelry, luggage, and leather goods stores (37.4 percent decline)

Indian River County Five-Year Percentage Growth in Employment

The Highway, street, and bridge construction industry has gone through the largest job growth by percent, increasing by 977.2 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Indian River County has expanded faster than the industry has grown in the State of Florida, where it saw a gain of 21.9 percent. The Highway, street, and bridge construction industry in Indian River County outpaced the nation in terms of industry employment growth . During this period, the nation lost 0.6 percent of the employment in this industry.

Top 5 Industries
1. Highway, street, and bridge construction (977.2 percent gain)
2. Misc. nondurable goods merchant wholesalers (373.8 percent gain)
3. Activities related to credit intermediation (361.9 percent gain)
4. Special food services (230.4 percent gain)
5. Advertising and related services (203.4 percent gain)

The total number of jobs has increased by 18.9 percent since the 2nd Quarter of 2001. This is greater than percent in the State of Florida, experiencing a gain of 11.8 percent since 2001 ( 2nd Quarter). The gains felt were greater than than the gain experienced overall in the US of 2.6 percent.

In Indian River County, Florida, the total number of jobs throughout all industries has increased by 7,076 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Decline in Indian River County

Given the industries in the area, the Fruit and tree nut farming industry witnessed the largest drop in employment, losing a total of 248 jobs in that time period. The declines in the Fruit and tree nut farming industry make up 16.2 percent of the total employment decline in Indian River County, Florida.

Top 5 Industries
1. Fruit and tree nut farming (248 jobs lost)
2. Home health care services (165 jobs lost)
3. Traveler accommodation (161 jobs lost)
4. Limited-service eating places (142 jobs lost)
5. Management and technical consulting services (141 jobs lost)

Total Five-Year Employment Growth in Indian River County

From the industries (4-digit NAICS) in the area, the Building foundation and exterior contractors industry has accounted the most employment growth with a total of 744 total jobs brought in during the period. The growth in the Building foundation and exterior contractors industry makes up 8.6 percent of the growth in Indian River County.

Top 5 Industries
1. Building foundation and exterior contractors (744 new jobs)
2. Building finishing contractors (586 new jobs)
3. Residential building construction (565 new jobs)
4. Building equipment contractors (495 new jobs)
5. Offices of physicians (444 new jobs)

Given the 106 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 30 accounted an for increase in employment during the period and 76 industries reported employment loss in the period.





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.

 

About - © 2007 Ecanned.com  - Contact