Saturday, February 10, 2007

Lyon County Five-Year Industry Employment Change

Employment for all industries has increased by 1.2 percent since the 2nd Quarter figures of 2001. This change is less than growth in the State of Minnesota, which experienced a gain of 2.5 percent from 2001 (2nd Quarter). The gains the area experienced were less than than the gain experienced overall in the US of 2.6 percent.

Lyon County Five-Year Percentage Growth in Employment

The Specialized freight trucking industry has gone through the largest job growth by percent, increasing by 973.1 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Lyon County has increased employment faster than the growth seen in the industry for Minnesota, where this industry saw a gain of 23.8 percent. The Specialized freight trucking industry in Lyon County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 6.8 percent of the industry employment.

Top 5 Industries
1. Specialized freight trucking (973.1 percent gain)
2. Services to buildings and dwellings (97.2 percent gain)
3. Private households (82.1 percent gain)
4. Accounting and bookkeeping services (79.4 percent gain)
5. Other specialty trade contractors (62.9 percent gain)

Lyon County Five-Year Percentage Decline in Employment

The Nonresidential building construction industry has lost the biggest percent of jobs, losing 75.3 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the Minnesota, where the industry reported a loss of 7.8 percent. The losses in the Nonresidential building construction industry in Lyon County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 1.6 in percent of workers in the Nonresidential building construction industry.

Top 5 Industries
1. Nonresidential building construction (75.3 percent decline)
2. Offices of physicians (66.9 percent decline)
3. Gasoline stations (46.3 percent decline)
4. Wired telecommunications carriers (33.3 percent decline)
5. Printing and related support activities (28.7 percent decline)

In Lyon County, Minnesota, the aggregate employment for all industry sectors has increased by 148 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in Lyon County

The Nonresidential building construction industry experienced most substantial job loss, losing 159 jobs. The declines in the Nonresidential building construction industry make up 23.6 percent of the jobs lost during the period in Lyon County, Minnesota.

Top 5 Industries
1. Nonresidential building construction (159 jobs lost)
2. Gasoline stations (136 jobs lost)
3. Grocery stores (100 jobs lost)
4. Offices of physicians (40 jobs lost)
5. Traveler accommodation (32 jobs lost)

Total Five-Year Employment Growth in Lyon County

From the industries (4-digit NAICS) in the area, the Specialized freight trucking industry has added the most employment with 386 jobs added during the time period. These new jobs in the Specialized freight trucking industry makes up 46.8 percent of the total growth in Lyon County.

Top 5 Industries
1. Specialized freight trucking (386 new jobs)
2. Limited-service eating places (103 new jobs)
3. Full-service restaurants (68 new jobs)
4. Building equipment contractors (41 new jobs)
5. Accounting and bookkeeping services (37 new jobs)

Given the 54 4-digit NAICS industries, 33 reported job growth in the duration of the last five years and 21 industry sectors accounting for employment declines during that time period.

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