Minneapolis-St Paul-Bloomington One-Year Industry Employment Change

The Minneapolis-St Paul-Bloomington Metro Area: One-Year Percentage Decline in Employment

The Support activities for air transportation industry has seen the largest percentage drop in employment, losing 26.7 percent of the jobs from 2005 to 2006. These have declined faster than the industry has experienced in the State of Minnesota, where the industry felt a loss of 15.7 percent. The losses in the Support activities for air transportation industry in Minneapolis-St Paul-Bloomington outpaced the US in terms of percent of decline of industry employment. The US gained 5.3 percent in terms of employees in the Support activities for air transportation industry.

Top 5 Industries
1. Support activities for air transportation (26.7 percent decline)
2. Basic chemical manufacturing (20.9 percent decline)
3. Scheduled air transportation (20.2 percent decline)
4. Sound recording industries (18.2 percent decline)
5. Electronic equipment repair and maintenance (17.7 percent decline)

The total number of jobs has increased by 1.9 percent from 2005 (2nd Quarter). These figures are greater than growth in Minnesota, which experienced a gain of 1.9 percent from the 2nd Quarter of 2005. The gains the area experienced were less than than the gain felt at the national level of 2 percent.

The Minneapolis-St Paul-Bloomington Metro Area: One-Year Percentage Growth in Employment

The Unclassified industry has witnessed the largest percentage of employment expansion, increasing by 1300.0 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Minneapolis-St Paul-Bloomington 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 Minneapolis-St Paul-Bloomington outpaced the US in terms of percent growth of industry employment. During this period, the US gained 12.1 percent.

Top 5 Industries
1. Unclassified (1300.0 percent gain)
2. Educational support services (152.1 percent gain)
3. Outpatient care centers (67.2 percent gain)
4. Agents and managers for public figures (47.6 percent gain)
5. Interurban and rural bus transportation (42.7 percent gain)

Total One-Year Employment Growth in the Minneapolis-St Paul-Bloomington Metro Area

From the industries (4-digit NAICS) in the area, the Employment services industry has accounted the most employment growth with a total of 4,120 total jobs brought in during the period. The growth in the Employment services industry makes up 9.6 percent of the total employment growth in Minneapolis-St Paul-Bloomington.

Top 5 Industries
1. Employment services (4,120 new jobs)
2. General medical and surgical hospitals (3,966 new jobs)
3. Outpatient care centers (3,218 new jobs)
4. Limited-service eating places (1,819 new jobs)
5. Individual and family services (1,569 new jobs)

In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the entire sum of jobs in all of the industries has increased by 28,057 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Out of the 207 4-digit NAICS industries, 90 showed an escalation in the number employed, while 117 industries reported employment loss in the period.

Total One-Year Employment Decline in the Minneapolis-St Paul-Bloomington Metro Area

Of the area's industries (4-digit NAICS), the Scheduled air transportation industry has lost the most employment with a total loss of 3,619 jobs in that time period. The declines in the Scheduled air transportation industry make up 18.0 percent of the jobs lost during the period in Minneapolis-St. Paul-Bloomington, MN-WI.

Top 5 Industries
1. Scheduled air transportation (3,619 jobs lost)
2. Building equipment contractors (1,347 jobs lost)
3. Drinking places, alcoholic beverages (680 jobs lost)
4. Data processing and related services (674 jobs lost)
5. Building finishing contractors (673 jobs lost)





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 Minneapolis-St. Paul-Bloomington, MN-WI

The median household income in the area has declined from the 2000 values (inflation adjusted). The median income has decreased to $59,691, posting a 6.1 percent decline. The Minneapolis-St. Paul-Bloomington, MN-WI MSA, when analyzing percentage of decline, ranks 2 of 7 metro area in percent of decline for household income in Minnesota. Minneapolis-St Paul-Bloomington ranks 159 of 233 metro area when analyzing the decline in median household income in the United States.

Contrasted against to other Metropolitan Areas throughout the US, the Minneapolis-St Paul-Bloomington metro area may be understood as having a very low rate of poverty among its population, accounting a rate of 6.7 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 26.2 percent of the 2000 population living in poverty. People that are of the age 5 years have the most percent of people living in poverty in Minneapolis-St Paul-Bloomington, reporting 9 percent of this age group in the area living in poverty.

Compared to Metro Areas across the United States, the Minneapolis-St Paul-Bloomington metro area had a very high household income of $63,536 (Adjusted to 2005 Dollars). This is 13.2 percent higher than the median in State of Minnesota of $55,120 and the income level is 22.7 percent higher than the median for the rest of the nation, which is a reported $49,133.

In Minneapolis-St. Paul-Bloomington, MN-WI White headed households reported a median household income (2005 Dollars) of $66,105 according to the 2000 Dencennial Census, which was 4 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 45.8 percent less than the overall reported level in 2000, with a reported median of $34,418. Hispanic in Minneapolis-St. Paul-Bloomington, MN-WI , according to the 2000 census, had a median household income of $45,981, this median is 27.6 percent less than reported value of the areas total household median income for all households. It was reported in 2000 that the Asian headed households had median household incomes of $55,360. This household income level is 12.9 percent less than the all households reported median in the area. The households that were headed by an American Indian and Alaska Native individual in Minneapolis-St Paul-Bloomington reported a median household income of $39,989, this was 37.1 percent less than the median income level in this area.

As the median income level saw a decline from 2000 to 2005 in the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic category. This category saw a decline of 42.9 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Minneapolis-St Paul-Bloomington, undergoing a 40.5 percent increase in median income, since the values reporting the 2000 Decennial Census.

The poverty rate in the Minneapolis-St. Paul-Bloomington, MN-WI Metro has increased by 1.6 percent from the levels reported in the Decennial Census of 2000, moving from 6.7 percent to 8.3 percent.

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