1-Year Industry Employment Change in Sioux City, IA-NE-SD

Total 1-Year Employment Growth in the Sioux City Metro Area

Of the industries (4-digit NAICS) in the area, the Electronic markets and agents and brokers industry has brought the most jobs with a total of 451 jobs added during the time period. These new jobs in the Electronic markets and agents and brokers industry makes up 20.2 percent of the growth in Sioux City.

Top 5 Industries
1. Electronic markets and agents and brokers (451 new jobs)
2. Building material and supplies dealers (282 new jobs)
3. Activities related to credit intermediation (267 new jobs)
4. Animal slaughtering and processing (189 new jobs)
5. Nursing care facilities (116 new jobs)

In the Sioux City, IA-NE-SD metro area, the total number of jobs throughout all industries has increased by 1,345 jobs from mid-2005 to mid-2006.

From the 69 4-digit NAICS industries, 27 showed an escalation in the number employed, while 42 industries reported employment loss in the period.

Total 1-Year Employment Decline in the Sioux City Metro Area

Given the industries in the area, the Misc. nondurable goods merchant wholesalers industry has lost the most employment with a total loss of 186 jobs. The declines in the Misc. nondurable goods merchant wholesalers industry make up 30.1 percent of the jobs lost during the period in Sioux City, IA-NE-SD.

Top 5 Industries
1. Misc. nondurable goods merchant wholesalers (186 jobs lost)
2. Druggists' goods merchant wholesalers (46 jobs lost)
3. Gambling industries (43 jobs lost)
4. Grocery stores (39 jobs lost)
5. Spectator sports (31 jobs lost)

The Sioux City Metro Area: 1-Year Percentage Decline in Employment

The Druggists' goods merchant wholesalers industry has lost the largest percent of jobs, losing 79.7 percent of the jobs from 2005 to 2006. These have declined faster than the industry has seen in the Iowa, where the industry reported a loss of 9.8 percent. The losses in the Druggists' goods merchant wholesalers industry in Sioux City outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 1.4 in percent of jobs in the Druggists' goods merchant wholesalers industry.

Top 5 Industries
1. Druggists' goods merchant wholesalers (79.7 percent decline)
2. Support activities for crop production (40.4 percent decline)
3. Misc. nondurable goods merchant wholesalers (35.5 percent decline)
4. Spectator sports (34.7 percent decline)
5. Specialty food stores (23.4 percent decline)

The total number of jobs has increased by 2.2 percent from 2005 (2nd Quarter). These figures are greater than growth in the State of Iowa, which went through a gain of 1.8 percent from the 2nd Quarter of 2005. The gains in the area were greater than than the gain reported at the US level of 2 percent.

The Sioux City Metro Area: 1-Year Percentage Growth in Employment

The Activities related to credit intermediation industry has witnessed the largest percentage of employment expansion, increasing by 123.8 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Sioux City has expanded faster than the growth seen in the industry for Iowa, where the industry felt a gain of 5.9 percent. The Activities related to credit intermediation industry in Sioux City outpaced the US in terms of percent growth of industry employment. During this period, the US gained 5.4 percent of the industry employment.

Top 5 Industries
1. Activities related to credit intermediation (123.8 percent gain)
2. Electronic markets and agents and brokers (115.6 percent gain)
3. Cattle ranching and farming (84.7 percent gain)
4. Building material and supplies dealers (47.7 percent gain)
5. Electronics and appliance stores (42.3 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).

Income and Poverty in Sioux City, IA-NE-SD

Black or African American headed households had a median household income that was 36.1 percent less than the overall median reported in 2000, with a reported median of $28,851. Hispanic Householders in Sioux City, IA-NE-SD recorded a median income of $39,810, which is 11.8 percent less than the areas median income level for all households. In Sioux City, IA-NE-SD White headed households reported household income (in 2005 Dollars) of $45,898 according to the Decennial Census of 2000, which was 1.7 percent greater than the median in 2000. According to the 2000 Census, the Asian headed households in the area have median household incomes of $53,728. This income level is 19.1 percent greater than the reported median household income, in the area, for all households. The households that were headed by an American Indian and Alaska Native individual in Sioux City had a median income of $25,102, this was 44.4 percent less than the median income level in this area.

The rate of poverty in the Sioux City, IA-NE-SD Metro has increased by 3.9 percent from the levels reported in the Decennial Census of 2000, moving from 10.5 percent to 14.4 percent.

The median household income in the area has declined from the inflation-adjusted values in 2000. The income level has decreased to $42,905, representing a 4.9 percent decline. The Sioux City, IA-NE-SD MSA, in terms of percentage of decline, ranks 5 of 7 metro area in percent of decline for median household income in the State of Iowa. Sioux City ranks 179 of 233 metro area when comparing total percent of decline in median income in the US.

When compared to other Metro Areas throughout the United States, the Sioux City metro area was reported to have a medium-high household income of $45,119 (2005 Dollars). This median is 2.3 percent lower than the median income in State of Iowa of $46,179 and the median is 8.9 percent lower than the median in the US, which is $49,133.

While the median household income saw a decline since 2000 in the Sioux City, IA-NE-SD metro area, the Race/Ethnicity group that went through the most dramatic decline in median income was the American Indian and Alaska Native category. This category saw a decline of 91.3 percent from 2000 to 2005. The Hispanic Race/Ethnicity group has been least impacted by the median income decline in Sioux City, encountering a 22.8 percent decline in median household income from 2000 to 2005.

Evaluated with other MSAs across the nation, the Sioux City metro area can be understood to have a medium-low poverty rate amongst the population, with a poverty rate of 10.5 percent of the population with family incomes below the 1999 poverty level. The American Indian and Alaska Native race/ethnicity demographic group, represents the largest rate of poverty with 36.9 percent of the 2000 residents living in poverty. People aged Under 5 years have the largest percent of population in poverty in Sioux City, reporting 16.2 percent of this demographic group living with incomes under poverty.

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