Monday, January 22, 2007

Cook County One-Year Industry Employment Change

Cook County One-Year Percentage Decline in Employment

The Consumer goods rental industry has lost the largest amount of employment in terms of percentage, losing 20 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 it saw a loss of 12.4 percent. The losses in the Consumer goods rental industry in Cook County outpaced the US in terms of percent of decline of industry employment. The US lost 4.6 in percent of workers in the Consumer goods rental industry.

Top 3 Industries
1. Consumer goods rental (20 percent decline)
2. Building equipment contractors (6.8 percent decline)
3. Residential building construction (1.8 percent decline)

The total number of jobs has increased by 1.2 percent since the 2nd Quarter of 2005. This is less than percent in Minnesota, which experienced a gain of 1.9 percent since the 2nd Quarter of 2005. The gains in the area were less than than the gain felt at the national level of 2.0 percent.

Cook County One-Year Percentage Growth in Employment

The Other specialty trade contractors industry has experienced the largest percentage growth, expanding by 18.0 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Cook County has added employment faster than the overall industry growth seen in the State of Minnesota, where the industry took a gain of 11.2 percent. The Other specialty trade contractors industry in Cook County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 6.8 percent.

Top 5 Industries
1. Other specialty trade contractors (18.0 percent gain)
2. Building material and supplies dealers (18.0 percent gain)
3. Grocery stores (15.5 percent gain)
4. Legal services (13.3 percent gain)
5. Full-service restaurants (12.8 percent gain)

Total One-Year Employment Growth in Cook County

From the industries (4-digit NAICS) in the area, the Full-service restaurants industry has brought the most jobs with a total of 17 employees finding new jobs in the industry. The employment growth in the Full-service restaurants industry makes up 42.3 percent of the total growth in Cook County.

Top 3 Industries
1. Full-service restaurants (17 new jobs)
2. Grocery stores (10 new jobs)
3. Building material and supplies dealers (5 new jobs)

Total One-Year Employment Decline in Cook County

Of the area's industries (4-digit NAICS), the Consumer goods rental industry witnessed the largest drop in employment, losing a total of 5 jobs during the time period. The jobs lost in the Consumer goods rental industry make up 62.5 percent of the jobs lost during the period in Cook County, Minnesota.

Top 5 Industries
1. Consumer goods rental (5 jobs lost)
2. Residential building construction (2 jobs lost)
3. Building equipment contractors (1 jobs lost)
4. Private households (1,280 jobs lost)
5. Other ambulatory health care services (911 jobs lost)

In Cook County, Minnesota, the total number of workers for all sectors has increased by 20 total jobs from 2005 to 2006.

Given the 10 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 3 accounted an for increase in employment during the period and 7 industries reported employment loss in the period.





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.

Thursday, January 11, 2007

Income and Poverty in Cook County, Minnesota

Compared to counties across the United States, Cook County was reported to have a medium-high household income of $42,869 (2005 Dollars). This median is 28.6 percent lower than the median in State of Minnesota of $55,120 and the median is 14.6 percent lower than the median household income in the United States of $49,133.

It was reported in 2000 that the Asian headed households had median household incomes of $37,537. This income level is 12.4 percent less than the reported median for all households in the area. Hispanic households in Cook County, Minnesota recorded a median income of $19,256, which is 55.1 percent less than the median reported for all households in the area. Black or African American householders reported a median household income that was 33.1 percent greater than the overall median reported in 2000, with a reported median of $57,038. The American Indian and Alaska Native householders in Cook County had a median income of $34,223, this median was 20.2 percent less than the median level for total households in the area. In Cook County, Minnesota White headed households reported a median household income (2005 Dollars) of $44,316 according to the 2000 Dencennial Census, which was 3.4 percent greater than the median household income in 2000.

When compared to other counties (or parishes) across the United States, Cook County, Minnesota can be understood to have a medium-low rate of poverty among the people, accounting a rate of 10.1 percent of the individuals existing in families with incomes under the poverty level in 1999. The Hispanic race/ethnicity demographic category, owns the foremost rate of poverty with 78.6 percent of the 2000 population living in poverty. People that are of the age Under 5 years are experiencing most percent people in poverty in Cook County, accounting 23.5 percent of this age group in the area living in poverty.







Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

 

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