Dakota County One-Year Industry Employment Change

Out of the 171 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 71 showed an escalation in the number employed, while 98 industry sectors accounting for employment declines during that time period.

In Dakota County, Minnesota, the total number of jobs throughout all industries has increased by 4,308 jobs from mid-2005 to mid-2006.

Total One-Year Employment Growth in Dakota County

Out of the 4-digit NAICS industries, the Insurance carriers industry has grown the most with 326 total jobs brought in during the period. The growth in the Insurance carriers industry makes up 5.0 percent of the total number of new jobs in Dakota County.

Top 5 Industries
1. Insurance carriers (326 new jobs)
2. Newspaper, book, and directory publishers (271 new jobs)
3. Department stores (228 new jobs)
4. Management and technical consulting services (225 new jobs)
5. Building material and supplies dealers (199 new jobs)

Total One-Year Employment Decline in Dakota County

Given the industries in the area, the Building foundation and exterior contractors industry experienced most substantial job loss, losing 226 jobs during the period. The employment lost in the Building foundation and exterior contractors industry make up 8.6 percent of the employment lost during the period in Dakota County, Minnesota.

Top 5 Industries
1. Building foundation and exterior contractors (226 jobs lost)
2. Consumer goods rental (163 jobs lost)
3. Travel arrangement and reservation services (151 jobs lost)
4. Civic and social organizations (107 jobs lost)
5. Sporting goods and musical instrument stores (103 jobs lost)

The total number of jobs has increased by 2.8 percent since the 2nd Quarter figures of 2005. This change is greater than percent in the State of Minnesota, which went through a gain of 1.9 percent from 2005 (2nd Quarter). The gains felt were greater than than the gain seen for the United States of 2.0 percent.

Dakota County One-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 628.6 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Dakota County has grow slower than the industry job growth experienced in Minnesota, where this industry saw a gain of 1252.9 percent. The Unclassified industry in Dakota County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 12.1 percent of the employment in this industry.

Top 5 Industries
1. Unclassified (628.6 percent gain)
2. Lessors of nonfinancial intangible assets (76.2 percent gain)
3. Other financial investment activities (51.5 percent gain)
4. Investigation and security services (43.5 percent gain)
5. Educational support services (35.9 percent gain)

Dakota County One-Year Percentage Decline in Employment

The Local messengers and local delivery industry has lost the largest percent of jobs, losing 65.3 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Minnesota, where the it saw a loss of 6.7 percent. The losses in the Local messengers and local delivery industry in Dakota County outpaced the US in terms of percent of decline of industry employment. The US lost 0.4 in percent of workers in the Local messengers and local delivery industry.

Top 5 Industries
1. Local messengers and local delivery (65.3 percent decline)
2. HVAC and commercial refrigeration equipment (54.7 percent decline)
3. Used merchandise stores (33.4 percent decline)
4. Consumer goods rental (30.1 percent decline)
5. Travel arrangement and reservation services (29.1 percent decline)





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.

Income and Poverty in Dakota County, Minnesota

When compared to other counties (and parishes) throughout the United States, Dakota County had a very high median household income of $72,380 (Adjusted to 2005 Dollars). This is 23.8 percent higher than the household income median in State of Minnesota of $55,120 and the median household income is 32.1 percent higher than the median household income in the United States of $49,133.

The poverty rate in Dakota County, Minnesota has increased by 1.7 percent since the 2000 rates, moving from 3.6 percent to 5.3 percent.

The Asian headed households reported median household incomes of $71,028. This median is 1.9 percent less than the reported median for all households in the area. Hispanic households in Dakota County, Minnesota recorded a median income of $54,555, which is 24.6 percent less than reported value of the areas total household median income for all households. The households that were headed by an American Indian and Alaska Native individual in Dakota County reported an income level of $62,532, this median was 13.6 percent less than the median income level in this area. Black or African American headed households had a median household income that was 24 percent less than the all population median published in the 2000 Census, with a median of $55,022. In Dakota County, Minnesota White headed households reported a median household income (2005 Dollars) of $73,157 according to the Decennial Census of 2000, which was 1.1 percent greater than the median household income in 2000.

While household income level experienced a decline in the last five year in Dakota County, Minnesota, the Race/Ethnicity group that went through the most dramatic decline in median household income was the Black or African American Race/Ethnicity category. This group experienced a decline of 58.6 percent since the year 2000. The American Indian and Alaska Native population category was least influenced by the median household income decline in Dakota County, encountering a 5.3 percent increase in household income, since the reported levels in 2000.

When put side-by-side with other counties (or parishes) throughout the United States, Dakota County, Minnesota can be understood to have a very low rate of poverty among the people, accounting a rate of 3.6 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 12.8 percent of the people in 2000 living in poverty. The population that is aged 75 years and over are experiencing most percent people in poverty in Dakota County, having 8.6 percent of this demographic group living with incomes under poverty.

The areas median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $66,467, which amounts to a 8.2 percent decline. Dakota County, Minnesota, in terms of percent of decline, ranks 2 of 11 counties in percent of decline for the household income level in the State of Minnesota. Dakota County ranks 321 of 668 counties (or parishes) when analyzing the decline in median income level for the United States.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.