Monday, January 22, 2007

Olmsted County One-Year Industry Employment Change

Total One-Year Employment Growth in Olmsted County

The Individual and family services industry has accounted the most employment growth with a total of 180 new jobs created in the period. The job growth in the Individual and family services industry makes up 9.9 percent of the total employment growth in Olmsted County.

Top 5 Industries
1. Individual and family services (180 new jobs)
2. Employment services (118 new jobs)
3. Nursing care facilities (116 new jobs)
4. Depository credit intermediation (115 new jobs)
5. Home health care services (113 new jobs)

Given the 117 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 53 reported job growth in the duration of the year and 62 industries reported a drop in employment.

Total One-Year Employment Decline in Olmsted County

Of the area's industries (4-digit NAICS), the Computer systems design and related services industry has lost the most employment with a total loss of 155 jobs in that time period. The declines in the Computer systems design and related services industry make up 11.5 percent of the total employment decline in Olmsted County, Minnesota.

Top 5 Industries
1. Computer systems design and related services (155 jobs lost)
2. Limited-service eating places (135 jobs lost)
3. Traveler accommodation (95 jobs lost)
4. Advertising and related services (85 jobs lost)
5. Printing and related support activities (64 jobs lost)

In Olmsted County, Minnesota, the entire sum of jobs in all industries overall has increased by 1,411 jobs between mid-2005 and mid-2006.

Olmsted County One-Year Percentage Growth in Employment

The Specialty food stores industry has gone through the largest job growth by percent, increasing by 160.9 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Olmsted County has added employment faster than the overall industry growth seen in the State of Minnesota, where the industry took a gain of 19.1 percent. The Specialty food stores industry in Olmsted County outpaced the US in terms of percent growth of industry employment. During this period, the US lost 2 percent of the employment in this industry.

Top 5 Industries
1. Specialty food stores (160.9 percent gain)
2. Other support services (135.0 percent gain)
3. Specialized design services (75.0 percent gain)
4. Scientific research and development services (51.2 percent gain)
5. Office administrative services (40.4 percent gain)

Olmsted County One-Year Percentage Decline in Employment

The Advertising and related services industry has lost the biggest percent of jobs, losing 61.7 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 sector has felt in the State of Minnesota, where the industry felt a gain of 2.3 percent. The losses in the Advertising and related services industry in Olmsted County outpaced the US in terms of percent of decline of industry employment. The US gained 2.9 percent in terms of employees in the Advertising and related services industry.

Top 5 Industries
1. Advertising and related services (61.7 percent decline)
2. ISPs and web search portals (40 percent decline)
3. Computer systems design and related services (34.3 percent decline)
4. Electric goods merchant wholesalers (27.1 percent decline)
5. Direct selling establishments (26.6 percent decline)

Total employment has increased by 1.7 percent from 2005 (2nd Quarter). These figures are less than growth in the State of Minnesota, which experienced a gain of 1.9 percent from the 2nd Quarter of 2005. The gains the area experienced were less than than the gain seen for the United States of 2.0 percent.





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.

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