Monday, January 22, 2007

Pennington County One-Year Industry Employment Change

Of the 31 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 18 described an expansion of jobs throughout the time period, while 11 industry sectors reported declines during the time period.

In Pennington County, Minnesota, the aggregate employment for all industry sectors has increased by 195 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in Pennington County

The Full-service restaurants industry has brought the most jobs with a total of 33 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 35.8 percent of the total number of new jobs in Pennington County.

Top 5 Industries
1. Full-service restaurants (33 new jobs)
2. Depository credit intermediation (17 new jobs)
3. Auto parts, accessories, and tire stores (13 new jobs)
4. Civic and social organizations (8 new jobs)
5. Legal services (5 new jobs)

Total One-Year Employment Decline in Pennington County

From of the area's 4-digit NAICS industries, the Other transportation equipment manufacturing industry experienced most substantial job loss, losing 71 jobs during the time period. The jobs lost in the Other transportation equipment manufacturing industry make up 47.6 percent of the total job loss in Pennington County, Minnesota.

Top 5 Industries
1. Other transportation equipment manufacturing (71 jobs lost)
2. Grocery and Related Product Wholesalers (23 jobs lost)
3. Building finishing contractors (7 jobs lost)
4. Services to buildings and dwellings (7 jobs lost)
5. Limited-service eating places (6 jobs lost)

Pennington County One-Year Percentage Decline in Employment

The Building finishing contractors industry has lost the biggest percent of jobs, losing 71 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the Minnesota, where the it saw a loss of 3.6 percent. The losses in the Building finishing contractors industry in Pennington County outpaced the United States industry losses overall. During this period, the United States gained 5.4 in percent of workers in the Building finishing contractors industry.

Top 5 Industries
1. Building finishing contractors (71 percent decline)
2. Other motor vehicle dealers (24.2 percent decline)
3. Clothing stores (22.9 percent decline)
4. Grocery and Related Product Wholesalers (21.2 percent decline)
5. Services to buildings and dwellings (16.5 percent decline)

Pennington County One-Year Percentage Growth in Employment

The Auto parts, accessories, and tire stores industry has witnessed the largest percentage of employment expansion, increasing by 39.6 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Pennington County has grow faster than the overall industry growth seen in the State of Minnesota, where the industry felt a gain of 2.7 percent. The Auto parts, accessories, and tire stores industry in Pennington County outpaced the nation in terms of industry employment growth . During this period, the nation gained 0.6 percent of the employment in this industry.

Top 5 Industries
1. Auto parts, accessories, and tire stores (39.6 percent gain)
2. Legal services (35.6 percent gain)
3. Depository credit intermediation (20.7 percent gain)
4. Full-service restaurants (19.5 percent gain)
5. Nonresidential building construction (19.1 percent gain)

Total industry employment has increased by 2.8 percent since the 2nd Quarter figures of 2005. This change is greater than growth in the State of Minnesota, which saw a gain of 1.9 percent from the 2nd Quarter of 2005. The gains were greater than than the gain experienced overall in the US of 2.0 percent.





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 Pennington County, Minnesota

When compared to other counties (and parishes) throughout the United States, Pennington County reported a medium-high household income of $40,033 (Adjusted to 2005 Dollars). This is 37.7 percent lower than the median in State of Minnesota of $55,120 and the median household income is 22.7 percent lower than the median in the US, which is $49,133.

The Asian headed households reported median household incomes of $40,658. This household income level is 1.6 percent greater than the reported median household income for all households in the area. The households that were headed by an American Indian and Alaska Native individual in Pennington County reported an income level of $18,330, this level was 54.2 percent less than the median level for total households in the area. In Pennington County, Minnesota White headed households reported a median household income (2005 Dollars) of $40,331 as reported in 2000 by the census, which was 0.7 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 98.5 percent greater than the all population median published in the 2000 Census, with a median of $79,463. Hispanic households in Pennington County, Minnesota , as reported in 2000, had a median household income of $51,188, this income level is 27.9 percent greater than reported value of the areas total household median income for all households.

Evaluated with other counties (or parishes) across the nation, Pennington County, Minnesota can be understood to have a medium-low poverty rate amid the residents with a poverty rate of 11.1 percent of people living in a family with an income below the poverty level in 1999. The American Indian and Alaska Native race/ethnicity population cohort, has the uppermost poverty rate with 51.2 percent of the 2000 residents living in poverty. People aged 75 years and over have the most percent of people living in poverty in Pennington County, with 18.2 percent of this demographic group living with incomes under poverty.







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

 

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