Monday, January 22, 2007

Red Lake County One-Year Industry Employment Change

Out of the 7 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 5 accounted an for increase in employment during the period and 2 industry sectors reported declines during the time period.

In Red Lake County, Minnesota, the total number of jobs throughout all industries has decreased by 11 jobs from mid-2005 to mid-2006.

Total One-Year Employment Decline in Red Lake County

Of the area's industries (4-digit NAICS), the Gasoline stations industry experienced most substantial job loss, losing 11 jobs. The declines in the Gasoline stations industry make up 39.5 percent of the jobs lost during the period in Red Lake County, Minnesota.

Top 2 Industries
1. Gasoline stations (11 jobs lost)
2. Full-service restaurants (8 jobs lost)

Total One-Year Employment Growth in Red Lake County

From the industries (4-digit NAICS) in the area, the Building equipment contractors industry has added the most employment with 1 new jobs created in the period. The job growth in the Building equipment contractors industry makes up 66.7 percent of the total employment growth in Red Lake County.

Top 5 Industries
1. Building equipment contractors (1 new jobs)
2. Depository credit intermediation (12 new jobs)
3. Limited-service eating places (11 new jobs)
4. Drinking places, alcoholic beverages (6 new jobs)
5. Offices of physicians (6 new jobs)

Red Lake County One-Year Percentage Decline in Employment

The Full-service restaurants industry has lost the largest amount of employment in terms of percentage, losing 28.4 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the Minnesota, where the industry sector experienced a loss of 0.3 percent. The losses in the Full-service restaurants industry in Red Lake County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 2.2 in percent of workers in the Full-service restaurants industry.

Top 5 Industries
1. Full-service restaurants (28.4 percent decline)
2. Gasoline stations (19.6 percent decline)
3. Building material and supplies dealers (16.3 percent decline)
4. Civic and social organizations (10.2 percent decline)
5. Depository credit intermediation (6.2 percent decline)

Red Lake County One-Year Percentage Growth in Employment

The Building equipment contractors industry has experienced the largest percentage growth, expanding by 7.7 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Red Lake County has increased employment faster than the overall industry growth seen in the State of Minnesota, where the industry felt a loss of 2.2 percent. The Building equipment contractors industry in Red Lake County outpaced the nation in terms of industry employment growth . During this period, the nation gained 5.5 percent in this industry.

Top 2 Industries
1. Building equipment contractors (7.7 percent gain)
2. Drinking places, alcoholic beverages (4.7 percent gain)

Total industry employment has decreased by 1.3 percent since the 2nd Quarter of 2005. This is greater than growth in Minnesota, which saw a gain of 1.9 percent from 2005 (2nd Quarter). The losses in the area were greater than than the gain experienced overall in the US 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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