Monday, January 22, 2007

Vermilion County One-Year Industry Employment Change

Vermilion County One-Year Percentage Decline in Employment

The Unclassified industry has lost the largest amount of employment in terms of percentage, losing 60 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has experienced in the State of Illinois, where the it saw a loss of 8.1 percent. The losses in the Unclassified industry in Vermilion County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 12.1 in percent of jobs in the Unclassified industry.

Top 5 Industries
1. Unclassified (60 percent decline)
2. Special food services (45.5 percent decline)
3. General freight trucking (41.1 percent decline)
4. Drinking places, alcoholic beverages (28.2 percent decline)
5. Oilseed and grain farming (27.5 percent decline)

The total number of jobs has decreased by 1.4 percent from the reported values in 2005. These values are greater than growth in Illinois, experiencing a gain of 1.5 percent from 2005 (2nd Quarter). The losses in the area were greater than than the gain felt at the national level of 2.0 percent.

Vermilion County One-Year Percentage Growth in Employment

The Office supplies, stationery, and gift stores industry has experienced the largest percentage growth, expanding by 49.2 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Vermilion County has increased employment faster than the growth seen in the industry for Illinois, where this industry saw a loss of 2 percent. The Office supplies, stationery, and gift stores industry in Vermilion County outpaced the national average, which felt a lost 4 percent of the employment in this industry.

Top 5 Industries
1. Office supplies, stationery, and gift stores (49.2 percent gain)
2. Other specialty trade contractors (32.1 percent gain)
3. Specialized freight trucking (29.1 percent gain)
4. Building finishing contractors (29.1 percent gain)
5. Investigation and security services (27.5 percent gain)

Of the 81 industries with industry data reported by the BLS in each quarter, 46 showed an escalation in the number employed, while 33 industries reported employment loss in the period.

In Vermilion County, Illinois, the entire sum of jobs in all industries overall has decreased by 360 total jobs from 2005 to 2006.

Total One-Year Employment Growth in Vermilion County

From the industries (4-digit NAICS) in the area, the Grain and oilseed milling industry has grown the most with 82 new jobs created in the period. The job growth in the Grain and oilseed milling industry makes up 18.7 percent of the total growth in Vermilion County.

Top 5 Industries
1. Grain and oilseed milling (82 new jobs)
2. Machine shops and threaded product mfg. (55 new jobs)
3. Offices of physicians (39 new jobs)
4. Office supplies, stationery, and gift stores (30 new jobs)
5. Specialized freight trucking (23 new jobs)

Total One-Year Employment Decline in Vermilion County

From of the area's 4-digit NAICS industries, the Full-service restaurants industry has lost the most employment with a total loss of 113 jobs during the period. The employment lost in the Full-service restaurants industry make up 14.4 percent of the jobs lost during the period in Vermilion County, Illinois.

Top 5 Industries
1. Full-service restaurants (113 jobs lost)
2. General freight trucking (91 jobs lost)
3. Building equipment contractors (50 jobs lost)
4. Drinking places, alcoholic beverages (47 jobs lost)
5. Automotive repair and maintenance (42 jobs lost)





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.

Wednesday, January 10, 2007

Income and Poverty in Vermilion County, Illinois

When compared to other counties (or parishes) across the United States, Vermilion County, Illinois can be understood to have a medium-high poverty rate amongst the population, with a poverty rate of 13.3 percent of people living in a family with an income below the poverty level in 1999. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 35.9 percent of the people in 2000 living in poverty. The population that is aged Under 5 years have the largest percent of population in poverty in Vermilion County, with 24.4 percent of the population in this age category living in poverty.

The median household income in the area has declined from the values (adjusted for inflation) in 2000. The median has decreased to $34,664, which represents a 13 percent decline. Vermilion County, Illinois, when analyzing percentage of decline, ranks 2 of 21 counties in percent of decline for income levels in the State of Illinois. Vermilion County ranks 97 of 668 counties (or parishes) when analyzing the decline in household income across the nation.

The Asian householders in the area have reported their median household incomes at $119,115. This median is 198.8 percent greater than the all households reported median in the area. The American Indian and Alaska Native households in Vermilion County had a median household income level of $23,400, this was 41.3 percent less than the median for all households. In Vermilion County, Illinois White headed households reported household income (in 2005 Dollars) of $41,357 as reported in 2000 by the census, which was 3.7 percent greater than the median in the year 2000. Black or African American householders reported a median household income that was 44.2 percent less than the all population median published in the 2000 Census, with a median of $22,250. Hispanic households in Vermilion County, Illinois recorded a median income of $39,114, this median household income is 1.9 percent less than the median reported for all households in the area.

Compared to other counties (and parishes) throughout the nation, Vermilion County had a medium-high household income of $39,863 (2005 Dollars). This median is 36.7 percent lower than the median in Illinois of $54,510 and the median is 23.3 percent lower than the median household income level in the US of $49,133.

The poverty rate in Vermilion County, Illinois has increased by 6.4 percent since the amounts published in 2000, moving from 13.3 percent to 19.7 percent.

As the median household income witnessed a decline from 2000 to 2005 in Vermilion County, Illinois, the Race/Ethnicity category that saw the sharpest decline in household income was the Asian Race/Ethnicity category. This category went through a decline of 84.3 percent from 2000 to 2005. The American Indian and Alaska Native population group was least impacted by the household income decline in Vermilion County, experiencing a 76.3 percent increase in household income level, since the year 2005.

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

 

About - © 2007 Ecanned.com  - Contact