Waterloo-Cedar Falls One-Year Industry Employment Change

In the Waterloo-Cedar Falls, IA metro area, the entire sum of jobs in all of the industries has increased by 558 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Growth in the Waterloo-Cedar Falls Metro Area

Of the industries (4-digit NAICS) in the area, the Full-service restaurants industry has added the most employment with 217 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 23.3 percent of the total employment growth in Waterloo-Cedar Falls.

Top 5 Industries
1. Full-service restaurants (217 new jobs)
2. Grocery and Related Product Wholesalers (99 new jobs)
3. Gasoline stations (54 new jobs)
4. Utility system construction (48 new jobs)
5. Child day care services (48 new jobs)

Of the 70 4-digit NAICS industries, 33 showed an escalation in the number employed, while 36 industries reported a drop in employment.

Total One-Year Employment Decline in the Waterloo-Cedar Falls Metro Area

Given the industries in the area, the Limited-service eating places industry has lost the most employment with a total loss of 169 jobs during the time period. The jobs lost in the Limited-service eating places industry make up 20.6 percent of the total job loss in Waterloo-Cedar Falls, IA.

Top 5 Industries
1. Limited-service eating places (169 jobs lost)
2. Specialty food stores (81 jobs lost)
3. Home health care services (57 jobs lost)
4. Traveler accommodation (53 jobs lost)
5. Hardware and plumbing merchant wholesalers (52 jobs lost)

The total number of jobs has increased by 0.8 percent since the 2nd Quarter of 2005. This is less than percent in Iowa, which experienced a gain of 1.8 percent from the 2nd Quarter of 2005. The gains the area experienced were less than than the gain experienced overall in the US of 2 percent.

The Waterloo-Cedar Falls Metro Area: One-Year Percentage Growth in Employment

The Utility system construction industry has seen the largest percentage job growth, expanding by 66.4 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Waterloo-Cedar Falls has grow faster than the industry has grown in the State of Iowa, where it saw a gain of 0.3 percent. The Utility system construction industry in Waterloo-Cedar Falls outpaced the national average, which felt a gained 7.4 percent.

Top 5 Industries
1. Utility system construction (66.4 percent gain)
2. Shoe stores (44.2 percent gain)
3. Grocery and Related Product Wholesalers (24.4 percent gain)
4. Museums, historical sites, zoos, and parks (22.9 percent gain)
5. Computer systems design and related services (22.0 percent gain)

The Waterloo-Cedar Falls Metro Area: One-Year Percentage Decline in Employment

The Specialty food stores industry has lost the largest percent of jobs, losing 36.2 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of Iowa, where the industry felt a loss of 5.8 percent. The losses in the Specialty food stores industry in Waterloo-Cedar Falls outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 2 in percent of workers in the Specialty food stores industry.

Top 5 Industries
1. Specialty food stores (36.2 percent decline)
2. Other heavy construction (29.8 percent decline)
3. Automotive equipment rental and leasing (26 percent decline)
4. Private households (20.9 percent decline)
5. Hardware and plumbing merchant wholesalers (20.4 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 Waterloo-Cedar Falls, IA

When compared to other Metro Areas across the United States, the Waterloo-Cedar Falls metro area can be considered to have a medium-high rate of poverty among its population, accounting a rate of 13.1 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 35.9 percent of the population in 2000 living in poverty. Individuals aged 5 years are witness to the most percent living in poverty in Waterloo-Cedar Falls, reporting 20.5 percent of this demographic group living with incomes under poverty.

The poverty rate in the Waterloo-Cedar Falls, IA Metro has increased by 0.2 percent from the rates reported in the Decennial Census, moving from 13.1 percent to 13.3 percent.

The median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $41,194, which amounts to a 5.5 percent decline. The Waterloo-Cedar Falls, IA MSA, in terms of percent of decline, ranks 4 of 7 metro area in percent of decline for income levels in the State of Iowa. Waterloo-Cedar Falls ranks 170 of 233 metro area in terms of the decline in median household income in the United States.

Compared to other MSAs throughout the nation, the Waterloo-Cedar Falls metro area was reported to have a medium-low median household income of $43,601 (Adjusted to 2005 Dollars). This figure is 5.9 percent lower than the median in State of Iowa of $46,179 and the median is 12.7 percent lower than the median household income in the United States of $49,133.

In Waterloo-Cedar Falls, IA White headed households reported household income (in 2005 Dollars) of $45,325 according to the 2000 Dencennial Census, which was 4 percent greater than the median household income in 2000. Hispanic headed households in Waterloo-Cedar Falls, IA , according to the 2000 census, had a median household income of $37,999, this median household income is 12.8 percent less than reported value of the areas total household median income for all households. The Asian householders in the area have reported their median household incomes at $55,575. This income level is 27.5 percent greater than the reported median household income for all households in the area. Black or African American headed households had median income levels that were 44.5 percent less than the overall reported level in 2000, with a reported median of $24,218. The households that were headed by an American Indian and Alaska Native individual in Waterloo-Cedar Falls reported an income level of $35,263, which was 19.1 percent less than the median income level in this area.

As the median household income witnessed a decline from 2000 to 2005 in the Waterloo-Cedar Falls, IA metro area, the Race/Ethnicity category that saw the sharpest decline in median household income was the American Indian and Alaska Native Race/Ethnicity category. This group experienced a decline of 2752892.7 percent since 2000. The Hispanic Race/Ethnicity category has been least effected by the income level decline in Waterloo-Cedar Falls, seeing a 45.9 percent decline in household income level, since the year 2005.

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