Sunday, October 29, 2006

Employment Report for Fayette County, Indiana -- Annual 2005 Industry Summary

Transportation and Warehousing has grown in employment, since the year 2001, more than any other industry in Fayette County, with a job growth of 22.7 percent. This is greater than the United States industry change in employment of -1 percent. The State of Indiana had an industry job change of 0 percent, in the period of time since 2001.

Fayette County ranks 57 of 93 total Counties throughout Indiana by total number of jobs in 2005. This position has moved up from the year 2001, at which time the County was ranked 56 of 93 Counties.

Manufacturing has the largest employers in Fayette County, with the industry averaging 96 jobs per place of business. This is greater than the industry's average in the United States of 39 and greater than the State of Indiana establishments size average of 63 for the Manufacturing industry.

Manufacturing saw the largest loss of employment between the years 2001-2005 in Fayette County. The industry was hit with a loss of 914 employees during the period, or 23.5 percent of employment in the sector. These losses made up 76.7 percent of all county employment losses since 2001.

In Fayette County, Manufacturing, Health care and social assistance, and the Retail Trade industries are the largest employment industries. The Manufacturing is the major employer in the county making up 39.6 percent of the total county employment. This totals 2,979 people employed. The Health care and social assistance and Retail Trade industries make up 20.8 and 13.8 percent of industry employment.

In Fayette County, Manufacturing, Health care and social assistance and Utilities industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing industry has an LQ of 3.08. The percent of employment in the Manufacturing sector is 3.08 times greater than the US average, showing signs that Fayette specializes in Manufacturing.

The Manufacturing has seen the largest decrease in industry presence in Fayette County since the year 2001. The industry went from accounting for 46.2 percent of total jobs in the year 2001 to 39.6 percent in 2005.



Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).

 

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