In Montgomery County, jobs in the satellite telecommunications pay the highest wages

(Click Image to Enlarge Graph)

Employment in the satellite telecommunications industry paid the average highest wages in Montgomery County for 2006. The average worker in the industry in Montgomery County was paid an annual wage of $113,188 in 2nd quarter of 2006. The wage rate is greater than the industry wage rate in Maryland of $103,860 and greater than then the pay for jobs in this industry in the United States of $74,388.

Other high-paying jobs in Montgomery County, Maryland may be found in software publishers ($110,224), telecommunications resellers ($108,230), pharmaceutical and medicine manufacturing ($106,424) and other financial investment activities ($98,479) industries. Note: Click Graph Above for Detail Comparison

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.

Montgomery County Wages have increased by 19.1% Since 2001

(Click Image to Enlarge Graph)

From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in Montgomery County, Maryland by a total of 19.1%. This is greater than the growth in wages for the State of Maryland and greater than the growth in industry wages across the US.

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.

Montgomery County Industry Wages Exceed Maryland, and Wages Exceed the United States

(Click Image to Enlarge Graph)

Wages in all industries in Montgomery County, Maryland can be described as relatively high when analyzed with other 2nd quarter of 2006 County wages throughout the state. The average pay is 19.1 percent higher than the reported averages in the state of $42,474. The industry pay was greater than the overall average in the United States 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.

Montgomery County Five-Year Industry Employment Change

Montgomery 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 382.0 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Montgomery County has grow faster than the industry has grown in the State of Maryland, where this industry saw a gain of 86.2 percent. The Management of companies and enterprises industry in Montgomery County outpaced the national average, which felt a gained 3.5 percent.

Top 5 Industries
1. Management of companies and enterprises (382.0 percent gain)
2. Local messengers and local delivery (221.9 percent gain)
3. Museums, historical sites, zoos, and parks (214.6 percent gain)
4. Used merchandise stores (126.1 percent gain)
5. Office administrative services (115.5 percent gain)

Montgomery County Five-Year Percentage Decline in Employment

The Electric lighting equipment manufacturing industry has lost the largest amount of employment in terms of percentage, losing 90.5 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 sector has felt in the State of Maryland, where the industry reported a loss of 80.4 percent. The losses in the Electric lighting equipment manufacturing industry in Montgomery County outpaced the US in terms of percent of decline of industry employment. The US lost 25.6 percent in terms of employment in the Electric lighting equipment manufacturing industry.

Top 5 Industries
1. Electric lighting equipment manufacturing (90.5 percent decline)
2. Electronic instrument manufacturing (83 percent decline)
3. Commercial and service industry machinery (75 percent decline)
4. Telecommunications resellers (70.9 percent decline)
5. Semiconductor and electronic component mfg. (64.3 percent decline)

Employment for all industries has increased by 4.4 percent from the reported values in 2001. These values are less than percent in Maryland, experiencing a gain of 4.7 percent from the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain reported at the US level of 2.6 percent.

Out of the 177 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 83 accounted an for increase in employment during the period and 94 industries reported employment loss in the period.

In Montgomery County, Maryland, the total number of jobs throughout all industries has increased by 16,394 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in Montgomery County

Of the area's industries (4-digit NAICS), the Traveler accommodation industry witnessed the largest drop in employment, losing a total of 4,414 jobs during the time period. The jobs lost in the Traveler accommodation industry make up 14.4 percent of the total employment decline in Montgomery County, Maryland.

Top 5 Industries
1. Traveler accommodation (4,414 jobs lost)
2. Electronic instrument manufacturing (2,394 jobs lost)
3. Communications equipment manufacturing (1,501 jobs lost)
4. Insurance carriers (1,494 jobs lost)
5. Office supplies, stationery, and gift stores (1,238 jobs lost)

Total Five-Year Employment Growth in Montgomery County

The Management of companies and enterprises industry has grown the most with 5,605 total jobs brought in during the period. The growth in the Management of companies and enterprises industry makes up 11.9 percent of the total number of new jobs in Montgomery County.

Top 5 Industries
1. Management of companies and enterprises (5,605 new jobs)
2. Scientific research and development services (2,982 new jobs)
3. Full-service restaurants (2,687 new jobs)
4. Community care facilities for the elderly (1,823 new jobs)
5. Offices of physicians (1,656 new jobs)





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.

Montgomery County One-Year Industry Employment Change

Total One-Year Employment Growth in Montgomery County

Of the industries (4-digit NAICS) in the area, the Management of companies and enterprises industry has brought the most jobs with a total of 4,008 total jobs brought in during the period. The growth in the Management of companies and enterprises industry makes up 23.6 percent of the total number of new jobs in Montgomery County.

Top 5 Industries
1. Management of companies and enterprises (4,008 new jobs)
2. Grocery stores (869 new jobs)
3. Other amusement and recreation industries (837 new jobs)
4. Architectural and engineering services (720 new jobs)
5. Computer systems design and related services (673 new jobs)

In Montgomery County, Maryland, the entire sum of jobs in all industries overall has increased by 5,475 jobs between mid-2005 and mid-2006.

Out of the 181 industries with industry data reported by the BLS in each quarter, 85 described an expansion of jobs throughout the time period, while 96 industries reported employment loss in the period.

Total One-Year Employment Decline in Montgomery County

The Traveler accommodation industry faced the greatest employment loss with a total loss of 3,318 jobs in that time period. The declines in the Traveler accommodation industry make up 30.5 percent of the total employment decline in Montgomery County, Maryland.

Top 5 Industries
1. Traveler accommodation (3,318 jobs lost)
2. Department stores (755 jobs lost)
3. Investigation and security services (722 jobs lost)
4. Other general merchandise stores (653 jobs lost)
5. Vocational rehabilitation services (516 jobs lost)

Montgomery County One-Year Percentage Growth in Employment

The Management of companies and enterprises industry has seen the largest percentage job growth, expanding by 130.8 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Montgomery County has added employment faster than the overall industry growth seen in the State of Maryland, where it saw a gain of 31.6 percent. The Management of companies and enterprises industry in Montgomery County outpaced the nation in terms of industry employment growth . During this period, the nation gained 2.7 percent of the employment in this industry.

Top 5 Industries
1. Management of companies and enterprises (130.8 percent gain)
2. Electronic shopping and mail-order houses (53.5 percent gain)
3. Plastics product manufacturing (44.8 percent gain)
4. Residential mental health facilities (35.5 percent gain)
5. Independent artists, writers, and performers (34.5 percent gain)

Total employment has increased by 1.4 percent from 2005 (2nd Quarter). These figures are greater than percent in Maryland, experiencing a gain of 1.3 percent since 2005 ( 2nd Quarter). The gains were less than than the gain felt at the national level of 2.0 percent.

Montgomery County One-Year Percentage Decline in Employment

The Electric lighting equipment manufacturing industry has seen the largest percentage drop in employment, losing 67.8 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has gone through in the Maryland, where the industry sector experienced a loss of 55.8 percent. The losses in the Electric lighting equipment manufacturing industry in Montgomery County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 3.3 in percent of jobs in the Electric lighting equipment manufacturing industry.

Top 5 Industries
1. Electric lighting equipment manufacturing (67.8 percent decline)
2. Traveler accommodation (47.2 percent decline)
3. Other general merchandise stores (42.1 percent decline)
4. Other ambulatory health care services (38.3 percent decline)
5. Vocational rehabilitation services (36 percent decline)





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.

Income and Poverty in Montgomery County, Maryland

When put side-by-side with other counties (or parishes) throughout the United States, Montgomery County, Maryland can be considered to have a very low poverty rate amongst the population, with a poverty rate of 5.4 percent of people living in a family with an income below the poverty level in 1999. The Hispanic race/ethnicity population category, holds the highest rate of poverty with 11.3 percent of the people in 2000 living in poverty. The population that is aged 75 years and over have the largest percent of population in poverty in Montgomery County, having 6.8 percent of this age cohort living in poverty.

While household income level experienced a decline in the last five year in Montgomery County, Maryland, the Race/Ethnicity category that saw the sharpest decline in the household income level was the White Race/Ethnicity category. This category went through a decline of 0.7 percent since 2000. The American Indian and Alaska Native population category was least influenced by the median household income decline in Montgomery County, experiencing a 14.1 percent increase in household income level, since the year 2005.

When compared to other counties (and parishes) throughout the United States, Montgomery County was reported to have a very high median income for all households of $83,715 (Adjusted to 2005 Dollars). This is 26.1 percent higher than the median in Maryland of $61,856 and this is 41.3 percent higher than the median in the US, which is $49,133.

The median household income in the area has declined a small amount from the inflation-adjusted values in 2000. The income level has decreased to $82,187, posting a 1.8 percent decline. Montgomery County, Maryland, when analyzing percentage of decline, ranks 7 of 10 counties in percent of decline for income levels in the State of Maryland. Montgomery County ranks 615 of 668 counties (or parishes) when comparing the decline in household income across the nation.

Black or African American headed households had a median household income that was 28.5 percent less than the all population median published in the 2000 Census, with a median of $59,864. The American Indian and Alaska Native headed households in Montgomery County reported a median household income of $75,611, this was 9.7 percent less than the areas median level for all households. In Montgomery County, Maryland White householders had a median income (2005 Dollars) of $93,600 according to the Decennial Census of 2000, which was 11.8 percent greater than the median income in 2000. Hispanic households in Montgomery County, Maryland , according to the 2000 census, had a median household income of $60,889, this median household income is 27.3 percent less than the reported median household income for all households in the area. It was reported in 2000 that the Asian headed households had median household incomes of $81,593. This income level is 2.5 percent less than the all households reported median in the area.

The poverty rate in Montgomery County, Maryland has declined by 0.9 percent since the 2000 rates, moving from 5.4 percent to 4.5 percent.

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

Higher Education in Montgomery County, Maryland

Since the year 2000, Montgomery has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 1.6 percent to a total of 56.2 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is greater than the 2005 State of Maryland percent of 34.6 and greater than the national percent of 27.2.

In 2000, the Census reported that in Montgomery County, Maryland, many men in the area have reached the Bachelors Degree or Higher category, with 59.2 percent receiving this level of education. The women in Montgomery have attainment on average a lower level of higher education (Bachelors or Higher) than the men in the area: 59.2 percent (Men) versus 50.6 percent (Women). Many of the women in the area have achieved the Bachelors Degree or Higher category, with 50.6 percent of the women population in the area achieving this level of education.

In Montgomery County, Maryland as reported in the Census of the year 2000, 59.8 percent of the White Alone, 39.6 percent of Black or African American, 59.8 percent of the Asian alone and 22 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

From 2000 to 2005, the percent of male population that is highly educated has increased by 2.0 percent. In the year 2005, 61 percent of total male population (over 25), in this area, held at least a Bachelors Degree. At the same time, the percent of women (over 25) holding a BA or higher has increased by a total of 1.4 percent. By the year 2005, a total of 52 percent of the total female population achieved this high level of education.

Montgomery County, Maryland has a very highly-educated 2000 population, with 54.6 percent of the population (+25) having received a BA or higher, as reported the 2000 Decennial Census. Montgomery counted a higher percent of the population with at least a Bachelors than the State of Maryland's proportion of 31.4 percent and a higher percent than the US proportion of 24.4 percent.

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

Demographic Profile for Montgomery County, Maryland

Estimated since the year 2000, a extremely high number of individuals have migrated to Montgomery from outside the country. The immigration into Montgomery accounts for 47 percent of immigration into the State of Maryland. This percent of international migration is extremely high when analyzed against immigration per population in 2005.

Montgomery County, Maryland has a population base that is comprised of 55.8 percent White, 15.6 percent African American, 13 percent Asian, and 13.6 percent Hispanic. The population mix can be considered to have a very high level of diversity in terms of race and ethnicity, with 42.2 percent of minorities in the 2005 population base. This is greater than the State of Maryland percent of 39.2. Since 2000, Montgomery has increased the percent of minority makeup when 38.5 percent of the people were minorities.

In 2005, the Census Bureau estimated the median age in Montgomery County, Maryland to be 38.3 years old. The median in Montgomery is greater than the median age in Maryland of 37.1. From 2000, the area has seen an increase in this median, when at that time it was 36.9 years old. With 25.4 percent of the 2005 population being made up of children and youth younger than 18, Montgomery can be understood as being made up of a medium-high percent of people under 18. The 18 to 64 years old population group has a medium-high presence of the 2005 population base, with 62.9 percent of the population falling in this age category. The retirement (65 and over) group makes up 11.7 percent of the population in the area. When compared to other counties throughout the United States, this represents a medium-low proportion of the area population base.

Montgomery County, Maryland had a population that was estimated at 927,583 in the year 2005. The population has increased sharply, from the population in the year 2000 of 878,545. This growth represents an increase of 5.6 percent. Montgomery ranks 1 of 24 counties when analyzing total population change in Maryland and the county ranks 59 of 3,141 counties when analyzing total county population change across the nation.

When measuring the total land area, Montgomery spans a total area of 496 total square miles. The area has a very high average population density of 1,872 persons per square mile, in 2005. Similar counties, in terms of density, in the US include: -- more densely populated -- Tarrant, TX (1,877 per sq. mile ), Clayton, GA (1,879 per sq. mile ), Cobb, GA (1,952 per sq. mile ), -- less densely populated -- Jefferson, KY (1,817 per sq. mile ), Middlesex, MA (1,772 per sq. mile ), Fulton, GA (1,732 per sq. mile ).

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Montgomery County, Maryland

Throughout the State of Maryland, Montgomery County ranks 18 of 24 by percentage growth in residential real estate. The county is positioned 897 of 3,141, comparing the percentage change in residential in other US counties.

In Montgomery County, the real estate market was made up of 356,603 homes in the year 2005. This county has gone through a growth in housing units, adding in all 16,191 housing units since the year 2001, or 4.8 percent.

According to the data, there is a limited amount of real estate that is affordable in Montgomery County, Maryland. In 2005, 2.3 percent of the homes were valued under $125,000.

The residential home values in Montgomery County, Maryland have increased very sharply from the housing values in 2000. The residential values have increased by $244,300, or 110.1 percent, from when in 2000 they were valued at $221,800.

Montgomery County recorded median owner-occupied home value in the year 2005 of $466,100, published by the American Community Survey. This is greater than the State of Maryland 2005 median home value of $280,200 and greater than median home value of $167,500 for the United States in the same year.

Montgomery County is made up of a extremely high percentage of high-priced residential real estate. In 2005, the American Community Survey counted that 44 percent residential property is valued over $500k.

Data Source: U.S. Census Bureau

Employment Report for Montgomery County, Maryland -- Annual 2005 Industry Summary

Management of companies and enterprises has a largest number of employee per establishment in Montgomery County, averaging 54 jobs per establishment, which is greater than the industry's average in the United States of 40 and greater than the Maryland establishments size average of 37 for the Management of companies and enterprises industry.

Manufacturing saw the largest loss of employment between the years 2001-2005 in Montgomery County. The industry lost a total of 4,087 employees during the period, or 21.7 percent of the employment in the industry. This made up a total of 55.9 percent of the total loss in employment during the period.

Management of companies and enterprises has grown in employment, since the year 2001, more than any other industry in Montgomery County, rising by 105.2 percent. This is greater than the rate of employment change across the nation of 1.6 percent. The State of Maryland had an industry job change of 41.7 percent, in the recent period of 2001-2005.

In Montgomery County, Professional and technical services, Real estate and rental and leasing and Other services, except public administration have the highest US LQ in 2005. The Professional and technical services industry has a US LQ in the county of 2.63. The level of employment in the Professional and technical services sector is 2.63 times greater than the US average, showing signs that Montgomery specializes in Professional and technical services.

In Montgomery County, Professional and technical services, Retail Trade, and the Health care and social assistance industries are the largest employment industries. The Professional and technical services produces the largest number of jobs in the area accounting for 16.8 percent of the total county employment. This totals 63,848 individuals. The Retail Trade and Health care and social assistance industries make up 13 and 12.7 percent of the total jobs, respectively.







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