In Sarasota County, jobs in the securities and commodity contracts brokerage pay the highest wages

(Click Image to Enlarge Graph)

People with jobs in the securities and commodity contracts brokerage industry reported the top wages in Sarasota County for the 2nd quarter of 2006. The average worker in the industry in Sarasota County was paid an annual wage of $184,001 in 2006. The average wage is greater than the average industry wage in the State of Florida of $108,828 and greater than then the wage for jobs in this industry at the United States Level of $138,150.

High-wage employment in Sarasota County, Florida may be found in chemical merchant wholesalers ($103,108), software publishers ($94,229), other financial investment activities ($82,242) and wireless telecommunications carriers ($79,492) industries. Note: For Detail Comparison, Click the Above Graph

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.

Sarasota County Wages have increased by 26.2% Since 2001

(Click Image to Enlarge Graph)

From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in Sarasota County, Florida by a total of 26.2%. This is greater than the growth in average industry wages for Florida and greater 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.

Sarasota County Industry Wages Lag Behind Florida, and Wages Lag Behind the United States

(Click Image to Enlarge Graph)

The average total wages in all industries in Sarasota County, Florida when analyzed can be understood as being relatively high when compared to other 2nd quarter of 2006 County wages throughout the state. The average pay is 3.3 percent lower than the with an state average of $36,487. The overall industry wage was less than the national industry average 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.

Sarasota County Five-Year Industry Employment Change

Sarasota County Five-Year Percentage Decline in Employment

The Metalworking machinery manufacturing industry has lost the largest percent of jobs, losing 69.4 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the Florida, where the industry reported a loss of 25 percent. The losses in the Metalworking machinery manufacturing industry in Sarasota County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 20.9 in percent of workers in the Metalworking machinery manufacturing industry.

Top 5 Industries
1. Metalworking machinery manufacturing (69.4 percent decline)
2. Employment services (63.7 percent decline)
3. Beer, wine, and liquor stores (55.8 percent decline)
4. Motion picture and video industries (54.7 percent decline)
5. Sound recording industries (51.2 percent decline)

Sarasota County Five-Year Percentage Growth in Employment

The Performing arts companies industry has experienced the largest percentage growth, expanding by 259.5 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Sarasota County has added employment faster than the industry has grown in the State of Florida, where the industry felt a gain of 12.3 percent. The Performing arts companies industry in Sarasota County outpaced the national average, which felt a lost 10.2 percent.

Top 5 Industries
1. Performing arts companies (259.5 percent gain)
2. Unclassified (231.8 percent gain)
3. Bakeries and tortilla manufacturing (184.9 percent gain)
4. Management of companies and enterprises (180.2 percent gain)
5. Machinery and equipment rental and leasing (174.0 percent gain)

Employment for all industries has increased by 7.9 percent from the reported values in 2001. These values are less than growth in the State of Florida, which saw a gain of 11.8 percent from the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain seen for the United States of 2.6 percent.

Total Five-Year Employment Decline in Sarasota County

The Employment services industry faced the greatest employment loss with a total loss of 10,099 jobs. The declines in the Employment services industry make up 64.1 percent of the employment lost during the period in Sarasota County, Florida.

Top 5 Industries
1. Employment services (10,099 jobs lost)
2. Other amusement and recreation industries (866 jobs lost)
3. Grocery stores (733 jobs lost)
4. Department stores (526 jobs lost)
5. Travel arrangement and reservation services (456 jobs lost)

In Sarasota County, Florida, the aggregate employment for all industry sectors has increased by 10,617 total jobs from 2001 to 2006.

Out of the 152 industries with industry data reported by the BLS in each quarter, 50 reported job growth in the duration of the last five years and 102 industries reported employment loss in the period.

Total Five-Year Employment Growth in Sarasota County

From the industries (4-digit NAICS) in the area, the Building finishing contractors industry has brought the most jobs with a total of 1,858 jobs added during the time period. These new jobs in the Building finishing contractors industry makes up 6.7 percent of the growth in Sarasota County.

Top 5 Industries
1. Building finishing contractors (1,858 new jobs)
2. Residential building construction (1,804 new jobs)
3. Building foundation and exterior contractors (1,602 new jobs)
4. Services to buildings and dwellings (1,433 new jobs)
5. Architectural and structural metals mfg. (1,216 new jobs)





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.

Sarasota County One-Year Industry Employment Change

Sarasota County One-Year Percentage Growth in Employment

The Unclassified industry has gone through the largest job growth by percent, increasing by 121.0 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Sarasota County has grow faster than the overall industry growth seen in the State of Florida, where it saw a gain of 87.3 percent. The Unclassified industry in Sarasota County outpaced the United States, which experienced a gained 12.1 percent of the employment in this industry.

Top 5 Industries
1. Unclassified (121.0 percent gain)
2. Other general merchandise stores (45.6 percent gain)
3. Apparel and piece goods merchant wholesalers (38.8 percent gain)
4. Support activities for animal production (34.7 percent gain)
5. Electronic shopping and mail-order houses (32.5 percent gain)

Sarasota County One-Year Percentage Decline in Employment

The Support activities for air transportation industry has lost the biggest percent of jobs, losing 71.2 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of Florida, where the industry reported a gain of 11.1 percent. The losses in the Support activities for air transportation industry in Sarasota County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 5.3 percent in terms of employees in the Support activities for air transportation industry.

Top 5 Industries
1. Support activities for air transportation (71.2 percent decline)
2. Motion picture and video industries (67.3 percent decline)
3. Chemical merchant wholesalers (60.7 percent decline)
4. General freight trucking (36.3 percent decline)
5. Commercial machinery repair and maintenance (34.5 percent decline)

Employment for all industries has increased by 1.5 percent since the 2nd Quarter figures of 2005. This change is less than percent in the State of Florida, which saw a gain of 3.2 percent since the 2nd Quarter of 2005. The gains felt were less than than the gain felt at the national level of 2.0 percent.

Total One-Year Employment Growth in Sarasota County

Of the industries (4-digit NAICS) in the area, the Residential building construction industry has grown the most with 532 employees finding new jobs in the industry. The employment growth in the Residential building construction industry makes up 7.8 percent of the growth in Sarasota County.

Top 5 Industries
1. Residential building construction (532 new jobs)
2. Architectural and structural metals mfg. (474 new jobs)
3. Services to buildings and dwellings (450 new jobs)
4. Other general merchandise stores (446 new jobs)
5. Building finishing contractors (383 new jobs)

Total One-Year Employment Decline in Sarasota County

Of the area's industries (4-digit NAICS), the Insurance agencies, brokerages, and related industry experienced most substantial job loss, losing 421 jobs during the time period. The jobs lost in the Insurance agencies, brokerages, and related industry make up 8.9 percent of the total job loss in Sarasota County, Florida.

Top 5 Industries
1. Insurance agencies, brokerages, and related (421 jobs lost)
2. Business support services (292 jobs lost)
3. Motion picture and video industries (287 jobs lost)
4. Grocery stores (262 jobs lost)
5. Other professional and technical services (199 jobs lost)

Given the 162 4-digit NAICS industries, 83 described an expansion of jobs throughout the time period, while 76 industry sectors reported declines during the time period.

In Sarasota County, Florida, the aggregate employment for all industry sectors has increased by 2,124 total jobs from 2005 to 2006.





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 Sarasota County, Florida

The poverty rate in Sarasota County, Florida has increased by 1.5 percent since the 2000 rates, moving from 7.8 percent to 9.3 percent.

Contrasted against to other counties (or parishes) throughout the US, Sarasota County, Florida can be understood to have a poverty rate amongst the population, with a poverty rate of 7.8 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 32.1 percent of the 2000 residents living in poverty. People aged Under 5 years are witness to the most percent living in poverty in Sarasota County, reporting 15.8 percent of this age cohort living in poverty.

While household income level experienced a decline from 2000 to 2005 in Sarasota County, Florida, the Race/Ethnicity category that saw the sharpest decline in median household income was the American Indian and Alaska Native category. This category saw a decline of 30.9 percent since the year 2000. The Asian population category was least influenced by the median household income decline in Sarasota County, encountering a 13 percent increase in household income, since the reported levels in 2000.

Compared to other counties (and parishes) throughout the nation, Sarasota County was reported to have a relatively high median household income of $49,090 (2005 Dollars). This median is 7.5 percent higher than the median in Florida of $45,418 and this is 0.1 percent lower than the median in the US, which is $49,133.

According to the 2000 Census, the Asian headed households in the area have median household incomes of $50,091. This household income level is 2 percent greater than the reported median for all households in the area. Black or African American householders reported household income levels that were 46.7 percent less than the overall reported level in 2000, with a reported median of $26,171. Hispanic in Sarasota County, Florida , as reported in 2000, had a median household income of $41,283, this median is 15.9 percent less than the areas median income level for all households. In Sarasota County, Florida White householders had a median household income (in 2005 Dollars) of $49,805 according to the Decennial Census of 2000, which was 1.5 percent greater than the median household income in 2000. The American Indian and Alaska Native headed households in Sarasota County had a median income of $37,523, which was 23.6 percent less than the median for all households.

The areas median household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $44,505, which amounts to a 9.3 percent decline. Sarasota County, Florida, when analyzing percentage of decline, ranks 5 of 33 counties in percent of decline for income levels in the State of Florida. Sarasota County ranks 261 of 668 counties (or parishes) in terms of the decline in median household income in the United States.

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

Higher Education in Sarasota County, Florida

In Sarasota County, Florida as reported in the 2000 Census, 28 percent of the White Alone, 10.6 percent of Black or African American, 34.4 percent of the Asian alone and 19.6 percent of the Hispanic or Latino population, over the age 25, has achieved at least a Bachelors Degree.

The 2000 Decennial Census reported that in Sarasota County, Florida, the largest educational attainment category for men is the Bachelors Degree or Higher category, with 31.8 percent obtaining this level of education. The women in Sarasota have on average achieved a lower level of higher education (Bachelors or Higher) than men -- 31.8 percent (Men) versus 23.8 percent (Women). The largest educational attainment category for women is High School Diploma, with 33.2 percent of the women population in the area achieving this level of education.

Since 2000, Sarasota has increased in the population percent with a Bachelors of Higher. This population percent has grown by 1.8 percent to a total of 29.2 in 2005, as reported by the American Community Survey. The poporation of the 2005 population having received at least a BA is greater than the 2005 State of Florida percent of 25.2 and greater than the United States percent of 27.2.

Between 2000 and 2005, the percent of the male population that can be understood as highly educated has decreased by 0.8 percent. As reported in 2005, 31.2 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has increased by a total of 3.4 percent. By the year 2005, a total of 27.2 percent of the female population had achieved this level of education.

Sarasota County, Florida is made up of a highly-educated 2000 population, with 27.4 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2000 Decennial Census. Sarasota is reported having a higher percent of highly educated individuals than the State of Florida's proportion of 22.4 percent and a higher percent than the average across the nation of 24.4 percent.

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

Demographic Profile for Sarasota County, Florida

When measuring the total land area, Sarasota spans a total of 572 square miles. This area has a high density of 641 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Chesapeake city, VA (643 per sq. mile ), Clark, WA (643 per sq. mile ), Arapahoe, CO (659 per sq. mile ), -- less densely populated -- Chester, PA (627 per sq. mile ), Denton, TX (624 per sq. mile ), Forsyth, GA (622 per sq. mile ).

Sarasota County, Florida has a population base that is comprised of 87.5 percent White, 4.2 percent African American, 1 percent Asian, and 6.3 percent Hispanic. The population mix can be considered to have a modest level of racial and ethnic diversity, with 11.5 percent of minorities in the 2005 population base. This is less than the State of Florida percent of 36.5. Since 2000, Sarasota has increased the level of diversity when 9.3 percent of the people were minorities.

Sarasota County, Florida had a total estimated population of 366,256 in 2005. The total population has increased sharply, since the 2000 total population of 327,032. This growth shows an increase of 12 percent. Sarasota ranks 18 of 67 counties in terms of population growth in Florida and the county ranks 85 of 3,141 counties when analyzing total county population change across the nation.

Estimated since the year 2000, a high number of individual migrated to the Sarasota from another country. The international migration into Sarasota makes up 1.1 percent of all immigration into Florida. This amount of international migration is high when analyzed against the base population in the year 2005 and compared to other counties across the US.

The population division of the Census Bureau estimates in 2005 a median age in Sarasota County, Florida to be 49.4 years of age. The median age in Sarasota is greater than the median age for the State of Florida of 39.5. From 2000, the area has seen a decline in the median age, at that time the median was 50.5 years old. With a total of 16.7 percent of the 2005 population being comprised of individuals under the age of 18, Sarasota can be understood as being made up of a relatively low proportion of youths. The working age population group (18-64) has a relatively low representation within the estimated 2005 area population, making up 53.8 percent of the population within the age category. People 65 years old and older make up 29.5 percent of the population. When compared to other counties in the United States, this represents a relatively high percent of the population base.

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

Housing Report for Sarasota County, Florida

Sarasota County recorded median owner-occupied home value in the year 2005 of $235,200, accounted by the American Community Survey. This home value is greater than the State of Florida 2005 median owner-occupied dwelling value of $189,500 and greater than median home value of $167,500 across the United States during the same year.

The State of Florida, Sarasota County is positioned 22 of 67 in terms of percentage growth in new housing structures. The county ranks 207 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

In Sarasota County, the U.S. Census Bureau, Population Division accounted for a total of 209,010 housing units in the year 2005. This represents a growth in housing units, adding a total of 22,273 housing units since the year 2001, or 11.9 percent.

The owner-occupied dwellings in Sarasota County, Florida have increased sharply from the real estate values reported in 2000. The valuations have increased by $113,200, or 92.8 percent, since 2000 when they were valued at $122,000.

Sarasota County is made up of a very high percentage of high-priced residential real estate. In 2005, the American Community Survey reported that 15.8 percent of the homes were valued over $500,000.

It can be understood that there is a limited amount of real estate that is affordable in Sarasota County, Florida. In 2005, 17.3 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

Employment Report for Sarasota County, Florida -- Annual 2005 Industry Summary

Administrative and waste services between the years 2001 and 2005, saw the greatest loss in employment in Sarasota County. The sector dealt with a loss of 9,281 employees during the period, or 41.6 percent of the employment in the industry. This made up a total of 100 percent of the total jobs loss in the County.

The Administrative and waste services industry has decreased the most in industries presence in Sarasota County since 2001, going from making up 16.5 percent of total employment for the year 2001 to 9.1 percent of total employment in the year 2005.

In Sarasota County, Health care and social assistance, Retail Trade, and the Construction sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance is the largest employment industry and makes up 15.7 percent of total employment in the county, making up 22,617 people employed. The Retail Trade and Construction sectors provide 15.5 and 12.1 percent of all employment.

Utilities has the largest employers in Sarasota County. The industry averages 22 employees per business. This is less than the industry's national average of 34 and less than the Florida typical size of 34 for the Utilities industry.

Sarasota is the County that is ranked 12 of 68 Counties throughout the State of Florida in terms of total 2005 employment. The County’s employment ranking has moved up since the year 2001, when it was ranked 11 of 68 Counties.

In Sarasota County, Construction, Arts, entertainment, and recreation and Administrative and waste services industries have the highest United States location quotient (LQ). The Construction industry has an LQ of 1.84. This means the percent of total employment in the Construction sector is 1.84 times greater than the US average, showing signs that Sarasota County may specialize, or be an exporter of Construction.

Management of companies and enterprises is the industry with the largest change in employment since the year 2001 in Sarasota County, increasing by 200.5 percent. This is greater than the national employment change in the industry of 1.6 percent. The State of Florida encountered a change in industry employment of 20.2 percent, during the time since 2001.

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