Monday, January 22, 2007

Hennepin County One-Year Industry Employment Change

Hennepin County One-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 1883.3 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Hennepin County has added employment faster than the industry has grown in the State of Minnesota, where the industry took a gain of 1252.9 percent. The Unclassified industry in Hennepin County outpaced the national average, which felt a gained 12.1 percent.

Top 5 Industries
1. Unclassified (1883.3 percent gain)
2. Educational support services (286.4 percent gain)
3. Audio and video equipment manufacturing (176.9 percent gain)
4. Other residential care facilities (62.8 percent gain)
5. Support activities for animal production (56.3 percent gain)

Hennepin County One-Year Percentage Decline in Employment

The Support activities for air transportation industry has lost the biggest percent of jobs, losing 35.1 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 gone through in the Minnesota, where the it saw a loss of 15.7 percent. The losses in the Support activities for air transportation industry in Hennepin County outpaced the US in terms of percent of decline of industry employment. The US gained 5.3 percent in terms of employment in the Support activities for air transportation industry.

Top 5 Industries
1. Support activities for air transportation (35.1 percent decline)
2. Independent artists, writers, and performers (23.1 percent decline)
3. Used merchandise stores (21.2 percent decline)
4. RV parks and recreational camps (20.7 percent decline)
5. Rooming and boarding houses (20.6 percent decline)

The total number of jobs has increased by 0.8 percent since the 2nd Quarter of 2005. This is less than percent in Minnesota, which saw a gain of 1.9 percent since the 2nd Quarter of 2005. The gains in the area were less than than the gain reported at the US level of 2.0 percent.

Of the 221 industries with industry data reported by the BLS in each quarter, 106 showed an escalation in the number employed, while 115 industries reported a drop in employment.

Total One-Year Employment Decline in Hennepin County

Of the area's industries (4-digit NAICS), the Scheduled air transportation industry witnessed the largest drop in employment, losing a total of 3,620 jobs in that time period. The declines in the Scheduled air transportation industry make up 18.7 percent of the total employment decline in Hennepin County, Minnesota.

Top 5 Industries
1. Scheduled air transportation (3,620 jobs lost)
2. Department stores (2,205 jobs lost)
3. Grocery stores (1,162 jobs lost)
4. Full-service restaurants (755 jobs lost)
5. Building equipment contractors (728 jobs lost)

Total One-Year Employment Growth in Hennepin County

Out of the 4-digit NAICS industries, the Employment services industry has accounted the most employment growth with a total of 2,717 total jobs brought in during the period. The growth in the Employment services industry makes up 10.7 percent of the total number of new jobs in Hennepin County.

Top 5 Industries
1. Employment services (2,717 new jobs)
2. Outpatient care centers (1,128 new jobs)
3. Individual and family services (1,068 new jobs)
4. Management of companies and enterprises (1,044 new jobs)
5. Educational support services (1,018 new jobs)

In Hennepin County, Minnesota, the total number of jobs throughout all industries has increased by 6,246 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.





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 Hennepin County, Minnesota

The areas median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $55,996, representing a 7.4 percent decline. Hennepin County, Minnesota, in terms of percentage of decline, ranks 4 of 11 counties in percent of decline for household income in Minnesota. Hennepin County ranks 347 of 668 counties (or parishes) when comparing total percent of decline in household income across the nation.

As the median household income witnessed a decline from 2000 to 2005 in Hennepin County, Minnesota, the Race/Ethnicity group that experienced the largest decline in median income was the Black or African American category. This group felt a decline of 29.1 percent since the year 2000. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income decline in Hennepin County, seeing a 27.1 percent increase in household income level, since the year 2005.

When compared to other counties (or parishes) across the United States, Hennepin County, Minnesota can be recognized as having a rate of poverty among the people, accounting a rate of 8.3 percent of the population with family incomes below the 1999 poverty level. The American Indian and Alaska Native race/ethnicity population category, holds the highest rate of poverty with 28.7 percent of the 2000 population living in poverty. People that are of the age 5 years are witness to the most percent living in poverty in Hennepin County, accounting 11.9 percent of this age cohort living in poverty.

The poverty rate in Hennepin County, Minnesota has increased by 2.5 percent from the levels reported in the Decennial Census of 2000, moving from 8.3 percent to 10.8 percent.

Black or African American householders reported a median household income that was 44.2 percent less than the overall median reported in 2000, with a reported median of $33,751. The Asian headed households reported median household incomes of $55,440. This household income level is 8.4 percent less than the reported median for all households in the area. Hispanic headed households in Hennepin County, Minnesota , as reported in 2000, had a median household income of $43,353, this income level is 28.3 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 Hennepin County had a median income of $32,501, this level was 46.3 percent less than the median income level in this area. In Hennepin County, Minnesota White householders had a median household income (in 2005 Dollars) of $64,749 according to the 2000 Dencennial Census, which was 7 percent greater than the median in the year 2000.

Compared to other counties (and parishes) throughout the nation, Hennepin County had a relatively high median income for all households of $60,502 (2005 Dollars). This median is 8.9 percent higher than the median in Minnesota of $55,120 and the income level is 18.8 percent higher than the median household income level in the US of $49,133.

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

 

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