Friday, February 23, 2007

Hancock County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Hancock County

Out of the 4-digit NAICS industries, the Employment services industry has brought the most jobs with a total of 303 new jobs created in the period. The job growth in the Employment services industry makes up 11.6 percent of the growth in Hancock County.

Top 5 Industries
1. Employment services (303 new jobs)
2. Full-service restaurants (233 new jobs)
3. Management of companies and enterprises (213 new jobs)
4. Limited-service eating places (206 new jobs)
5. Building finishing contractors (177 new jobs)

Total Five-Year Employment Decline in Hancock County

From of the area's 4-digit NAICS industries, the Residential building construction industry experienced most substantial job loss, losing 119 jobs. The declines in the Residential building construction industry make up 29.0 percent of the total employment decline in Hancock County, Indiana.

Top 5 Industries
1. Residential building construction (119 jobs lost)
2. Grocery stores (50 jobs lost)
3. Machinery and supply merchant wholesalers (38 jobs lost)
4. Automobile dealers (36 jobs lost)
5. Specialized freight trucking (27 jobs lost)

Of the 63 industries with industry data reported by the BLS in each quarter, 18 accounted an for increase in employment during the period and 43 industry sectors reported declines during the time period.

In Hancock County, Indiana, the entire sum of jobs in all industries overall has increased by 2,952 jobs between mid-2001 and mid-2006.

Hancock County Five-Year Percentage Growth in Employment

The Electronics and appliance stores industry has witnessed the largest percentage of employment expansion, increasing by 491.3 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Hancock County has grow faster than the overall industry growth seen in the State of Indiana, where it saw a loss of 7.8 percent. The Electronics and appliance stores industry in Hancock County outpaced the United States, which experienced a lost 2.7 percent of the industry employment.

Top 5 Industries
1. Electronics and appliance stores (491.3 percent gain)
2. Other general purpose machinery manufacturing (468.9 percent gain)
3. Home health care services (429.7 percent gain)
4. Accounting and bookkeeping services (252.6 percent gain)
5. Employment services (193.2 percent gain)

Hancock County Five-Year Percentage Decline in Employment

The Private households industry has seen the largest percentage drop in employment, losing 58.5 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has felt in the State of Indiana, where the industry felt a loss of 22.7 percent. The losses in the Private households industry in Hancock County outpaced the United States industry losses overall. During this period, the United States gained 19.8 in percent of jobs in the Private households industry.

Top 5 Industries
1. Private households (58.5 percent decline)
2. Insurance carriers (50.6 percent decline)
3. Consumer goods rental (43.8 percent decline)
4. Residential building construction (41.2 percent decline)
5. Lessors of real estate (40.3 percent decline)

The total number of jobs has increased by 23.1 percent from the reported values in 2001. These values are less than growth in Indiana, which saw a loss of -0.2 percent since the 2nd Quarter of 2001. The gains in the area were greater than than the gain felt at the national level of 2.6 percent.





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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