Saturday, February 24, 2007

Rice County Five-Year Industry Employment Change

Total Five-Year Employment Decline in Rice County

Of the area's industries (4-digit NAICS), the Full-service restaurants industry has lost the most employment with a total loss of 160 jobs during the period. The employment lost in the Full-service restaurants industry make up 20.7 percent of the jobs lost during the period in Rice County, Minnesota.

Top 5 Industries
1. Full-service restaurants (160 jobs lost)
2. Grocery stores (72 jobs lost)
3. Lessors of real estate (53 jobs lost)
4. Computer systems design and related services (52 jobs lost)
5. Electronics and appliance stores (49 jobs lost)

Out of the 80 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 36 described an expansion of jobs throughout the time period, while 43 industry sectors accounting for employment declines during that time period.

In Rice County, Minnesota, the total number of workers for all sectors has increased by 241 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Growth in Rice County

The Building material and supplies dealers industry has grown the most with 138 jobs added during the time period. These new jobs in the Building material and supplies dealers industry makes up 9.9 percent of the growth in Rice County.

Top 5 Industries
1. Building material and supplies dealers (138 new jobs)
2. Highway, street, and bridge construction (123 new jobs)
3. Limited-service eating places (123 new jobs)
4. Building foundation and exterior contractors (97 new jobs)
5. Other specialty trade contractors (87 new jobs)

The total number of jobs has increased by 1.3 percent from the reported values in 2001. These values are less than growth in Minnesota, which experienced a gain of 2.5 percent from the 2nd Quarter of 2001. The gains felt were less than than the gain seen for the United States of 2.6 percent.

Rice County Five-Year Percentage Decline in Employment

The Lessors of real estate industry has lost the largest percent of jobs, losing 81.5 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 gone through in the Minnesota, where the industry reported a gain of 0.5 percent. The losses in the Lessors of real estate industry in Rice County outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 2.1 in percent of jobs in the Lessors of real estate industry.

Top 5 Industries
1. Lessors of real estate (81.5 percent decline)
2. Computer systems design and related services (64.9 percent decline)
3. Electronics and appliance stores (55.6 percent decline)
4. Florists (48.6 percent decline)
5. Consumer goods rental (45.9 percent decline)

Rice County Five-Year Percentage Growth in Employment

The Highway, street, and bridge construction industry has experienced the largest percentage growth, expanding by 282.4 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Rice County has increased employment faster than the growth seen in the industry for Minnesota, where this industry saw a gain of 15.6 percent. The Highway, street, and bridge construction industry in Rice County outpaced the US in terms of percent growth of industry employment. During this period, the US lost 0.6 percent of the industry employment.

Top 5 Industries
1. Highway, street, and bridge construction (282.4 percent gain)
2. Management and technical consulting services (178.1 percent gain)
3. Other specialty trade contractors (132.0 percent gain)
4. Social advocacy organizations (105.0 percent gain)
5. Building material and supplies dealers (100.7 percent gain)





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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