Monday, January 22, 2007

Redwood County One-Year Industry Employment Change

Total One-Year Employment Decline in Redwood County

Of the area's industries (4-digit NAICS), the Farm product raw material merch. whls. industry experienced most substantial job loss, losing 32 jobs. The declines in the Farm product raw material merch. whls. industry make up 24.4 percent of the total job loss in Redwood County, Minnesota.

Top 5 Industries
1. Farm product raw material merch. whls. (32 jobs lost)
2. Grocery stores (23 jobs lost)
3. Nursing care facilities (13 jobs lost)
4. Building equipment contractors (12 jobs lost)
5. Depository credit intermediation (10 jobs lost)

Total One-Year Employment Growth in Redwood County

Out of the 4-digit NAICS industries, the Automotive repair and maintenance industry has accounted the most employment growth with a total of 24 jobs added during the time period. These new jobs in the Automotive repair and maintenance industry makes up 22.6 percent of the total number of new jobs in Redwood County.

Top 5 Industries
1. Automotive repair and maintenance (24 new jobs)
2. Full-service restaurants (14 new jobs)
3. Drinking places, alcoholic beverages (13 new jobs)
4. Offices of dentists (10 new jobs)
5. Other specialty trade contractors (10 new jobs)

In Redwood County, Minnesota, the total number of jobs throughout all industries has increased by 44 jobs between mid-2005 and mid-2006.

Out of the 41 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 19 showed an escalation in the number employed, while 18 industries reported a drop in employment.

Redwood County One-Year Percentage Growth in Employment

The Automotive repair and maintenance industry has gone through the largest job growth by percent, increasing by 126.3 percent from 2005 to 2006. This industry in Redwood County has grow faster than the growth seen in the industry for Minnesota, where it saw a loss of 2.2 percent. The Automotive repair and maintenance industry in Redwood County outpaced the United States, which experienced a lost 0.4 percent.

Top 5 Industries
1. Automotive repair and maintenance (126.3 percent gain)
2. Drinking places, alcoholic beverages (54.3 percent gain)
3. Nonresidential building construction (37.7 percent gain)
4. Offices of dentists (35.2 percent gain)
5. Unclassified (16.7 percent gain)

Total industry employment has increased by 1 percent from 2005 (2nd Quarter). These figures are less than growth in Minnesota, which experienced a gain of 1.9 percent since 2005 ( 2nd Quarter). The gains were less than than the gain felt at the national level of 2.0 percent.

Redwood County One-Year Percentage Decline in Employment

The Personal care services industry has lost the biggest percent of jobs, losing 24.6 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has gone through in the Minnesota, where the industry sector experienced a gain of 0.7 percent. The losses in the Personal care services industry in Redwood County outpaced the United States industry losses overall. During this period, the United States gained 2.3 percent in terms of employment in the Personal care services industry.

Top 5 Industries
1. Personal care services (24.6 percent decline)
2. Farm product raw material merch. whls. (15.4 percent decline)
3. Activities related to real estate (15.2 percent decline)
4. General freight trucking (13.5 percent decline)
5. Grocery stores (12.7 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.

Thursday, January 11, 2007

Income and Poverty in Redwood County, Minnesota

The Asian headed households reported median household incomes of $36,563. This median income level is 16.3 percent less than the reported median household income, in the area, for all households. Hispanic headed households in Redwood County, Minnesota , as reported in 2000, had a median household income of $35,751, this median is 18.2 percent less than the reported median household income for all households in the area. In Redwood County, Minnesota White householders had a median household income (in 2005 Dollars) of $43,524 as reported in 2000 by the census, which was 0.4 percent less than the median income in 2000. The American Indian and Alaska Native households in Redwood County reported a median household income of $75,953, which was 73.8 percent greater than the median for all households.

When analyzed against other counties (and parishes) in the US, Redwood County accounted a medium-high median income for all households of $43,702 (Adjusted to 2005 Dollars). This figure is 26.1 percent lower than the median in State of Minnesota of $55,120 and the income level is 12.4 percent lower than the median household income in the United States of $49,133.

When compared to other counties (or parishes) across the United States, Redwood County, Minnesota can be recognized as having a rate of poverty among its population, accounting a rate of 7.7 percent of the individuals existing in families with incomes under the poverty level in 1999. The American Indian and Alaska Native race/ethnicity demographic group, represents the largest rate of poverty with 16.2 percent of the 2000 residents living in poverty. People aged 5 years are witness to the most percent living in poverty in Redwood County, with 10.5 percent of this age group in the area living in poverty.







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

 

About - © 2007 Ecanned.com  - Contact