Tuesday, February 27, 2007

McHenry County Industry Wages Lag Behind Illinois, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Total wages in all industries in McHenry County, Illinois when analyzed can be understood as being relatively high when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 17.4 percent lower than the with an state average of $43,351. 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.

Friday, February 23, 2007

McHenry County Five-Year Industry Employment Change

Total Five-Year Employment Decline in McHenry County

From of the area's 4-digit NAICS industries, the Semiconductor and electronic component mfg. industry witnessed the largest drop in employment, losing a total of 663 jobs during the time period. The jobs lost in the Semiconductor and electronic component mfg. industry make up 13.1 percent of the jobs lost during the period in McHenry County, Illinois.

Top 5 Industries
1. Semiconductor and electronic component mfg. (663 jobs lost)
2. Gasoline stations (631 jobs lost)
3. Other fabricated metal product manufacturing (568 jobs lost)
4. Motor vehicle parts manufacturing (245 jobs lost)
5. Metalworking machinery manufacturing (229 jobs lost)

Total Five-Year Employment Growth in McHenry County

Out of the 4-digit NAICS industries, the Employment services industry has grown the most with 1,634 employees finding new jobs in the industry. The employment growth in the Employment services industry makes up 11.6 percent of the total growth in McHenry County.

Top 5 Industries
1. Employment services (1,634 new jobs)
2. Full-service restaurants (956 new jobs)
3. Services to buildings and dwellings (943 new jobs)
4. Building equipment contractors (600 new jobs)
5. Other general merchandise stores (541 new jobs)

Of the 154 industries with industry data reported by the BLS in each quarter, 59 reported job growth in the duration of the last five years and 94 industry sectors reported declines during the time period.

In McHenry County, Illinois, the entire sum of jobs in all industries overall has increased by 10,576 total jobs from 2001 to 2006.

The total number of jobs has increased by 13.5 percent from the reported values in 2001. These values are less than percent in Illinois, experiencing a loss of -1.8 percent from 2001 (2nd Quarter). The gains were greater than than the gain experienced overall in the US of 2.6 percent.

McHenry County Five-Year Percentage Decline in Employment

The Other fabricated metal product manufacturing industry has seen the largest percentage drop in employment, losing 85.2 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of Illinois, where the industry reported a loss of 11 percent. The losses in the Other fabricated metal product manufacturing industry in McHenry County outpaced the US in terms of percent of decline of industry employment. The US lost 13 percent in terms of employment in the Other fabricated metal product manufacturing industry.

Top 5 Industries
1. Other fabricated metal product manufacturing (85.2 percent decline)
2. Scientific research and development services (82.8 percent decline)
3. Gasoline stations (63.5 percent decline)
4. Electric lighting equipment manufacturing (61 percent decline)
5. Other animal production (54.8 percent decline)

McHenry County Five-Year Percentage Growth in Employment

The Management of companies and enterprises industry has gone through the largest job growth by percent, increasing by 542.3 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in McHenry County has increased employment faster than the overall industry growth seen in the State of Illinois, where the industry took a gain of 28.1 percent. The Management of companies and enterprises industry in McHenry County outpaced the United States, which experienced a gained 3.5 percent of the industry employment.

Top 5 Industries
1. Management of companies and enterprises (542.3 percent gain)
2. Office administrative services (367.7 percent gain)
3. Specialized design services (267.5 percent gain)
4. Travel arrangement and reservation services (209.6 percent gain)
5. Other general merchandise stores (153.4 percent gain)





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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