Tuesday, February 27, 2007

Ida County Industry Wages Lag Behind Iowa, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



The overall industry wages in Ida County, Iowa can be understood as being medium-high when analyzed with other 2nd quarter of 2006 County wages throughout the state. The average pay is 9 percent lower than the state, which accounted an average of $32,587. The average pay 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.

Friday, February 23, 2007

Ida County Five-Year Industry Employment Change

Ida County Five-Year Percentage Growth in Employment

The Insurance agencies, brokerages, and related industry has witnessed the largest percentage of employment expansion, increasing by 115.6 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Ida County has grow faster than the industry job growth experienced in Iowa, where the industry took a gain of 7.1 percent. The Insurance agencies, brokerages, and related industry in Ida County outpaced the nation in terms of industry employment growth . During this period, the nation gained 10.9 percent in this industry.

Top 5 Industries
1. Insurance agencies, brokerages, and related (115.6 percent gain)
2. Full-service restaurants (48.0 percent gain)
3. Offices of other health practitioners (39.4 percent gain)
4. Legal services (38.6 percent gain)
5. Building material and supplies dealers (30.5 percent gain)

Ida County Five-Year Percentage Decline in Employment

The Lessors of real estate industry has lost the largest percent of jobs, losing 51.3 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 has seen in the Iowa, where the industry felt a loss of 0.7 percent. The losses in the Lessors of real estate industry in Ida County outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 2.1 percent in terms of employees in the Lessors of real estate industry.

Top 5 Industries
1. Lessors of real estate (51.3 percent decline)
2. Building foundation and exterior contractors (50 percent decline)
3. Building equipment contractors (47.8 percent decline)
4. General freight trucking (43.5 percent decline)
5. Auto parts, accessories, and tire stores (29.4 percent decline)

Total employment has increased by 0.3 percent since the 2nd Quarter of 2001. This is less than percent in Iowa, experiencing a gain of 2.5 percent from the 2nd Quarter of 2001. The gains were less than than the gain reported at the US level of 2.6 percent.

Total Five-Year Employment Decline in Ida County

Given the industries in the area, the General freight trucking industry has lost the most employment with a total loss of 71 jobs in that time period. The declines in the General freight trucking industry make up 43.8 percent of the total job loss in Ida County, Iowa.

Top 5 Industries
1. General freight trucking (71 jobs lost)
2. Building foundation and exterior contractors (23 jobs lost)
3. Building equipment contractors (18 jobs lost)
4. Gasoline stations (11 jobs lost)
5. Lessors of real estate (7 jobs lost)

Total Five-Year Employment Growth in Ida County

Of the industries (4-digit NAICS) in the area, the Full-service restaurants industry has brought the most jobs with a total of 39 jobs added during the time period. These new jobs in the Full-service restaurants industry makes up 54.2 percent of the total number of new jobs in Ida County.

Top 5 Industries
1. Full-service restaurants (39 new jobs)
2. Insurance agencies, brokerages, and related (12 new jobs)
3. Building material and supplies dealers (6 new jobs)
4. Legal services (6 new jobs)
5. Offices of other health practitioners (4 new jobs)

In Ida County, Iowa, the entire sum of jobs in all industries overall has increased by 11 jobs from mid-2001 to mid-2006.

From the 23 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 15 showed an escalation in the number employed, while 8 industry sectors accounting for employment declines during that time 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.

 

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