Tuesday, February 27, 2007

Cook County Industry Wages Lag Behind Minnesota, and Wages Lag Behind the United States


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Total wages in all industries in Cook County, Minnesota when analyzed can be described as very low when analyzed with other 2nd quarter of 2006 County wages throughout the state. The average pay is 50.8 percent lower than the state, which was reported to be $40,849. The overall industry wage was less than the national industry average of $40,259.

About: These facts are part of 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.

Saturday, February 10, 2007

Cook County Five-Year Industry Employment Change

Cook County Five-Year Percentage Decline in Employment

The Office supplies, stationery, and gift stores industry has lost the biggest percent of jobs, losing 29.4 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Minnesota, where the industry felt a loss of 28.5 percent. The losses in the Office supplies, stationery, and gift stores industry in Cook County outpaced the US in terms of percent of decline of industry employment. The US lost 17.8 in percent of workers in the Office supplies, stationery, and gift stores industry.

Top 3 Industries
1. Office supplies, stationery, and gift stores (29.4 percent decline)
2. Consumer goods rental (25.9 percent decline)
3. Full-service restaurants (3.6 percent decline)

Cook County Five-Year Percentage Growth in Employment

The Building foundation and exterior contractors industry has seen the largest percentage job growth, expanding by 478.6 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Cook County has grow faster than the overall industry growth seen in the State of Minnesota, where it saw a gain of 7.1 percent. The Building foundation and exterior contractors industry in Cook County outpaced the national average, which felt a gained 20.8 percent of the industry employment.

Top 5 Industries
1. Building foundation and exterior contractors (478.6 percent gain)
2. Legal services (88.9 percent gain)
3. Gasoline stations (60.5 percent gain)
4. Residential building construction (52.5 percent gain)
5. Grocery stores (46.7 percent gain)

Total industry employment has decreased by 1.4 percent since the 2nd Quarter of 2001. This is greater than percent in Minnesota, which went through a gain of 2.5 percent from 2001 (2nd Quarter). The losses the area experienced were greater than than the gain reported at the US level of 2.6 percent.

Total Five-Year Employment Growth in Cook County

Out of the 4-digit NAICS industries, the Residential building construction industry has added the most employment with 31 new jobs created in the period. The job growth in the Residential building construction industry makes up 25.0 percent of the total number of new jobs in Cook County.

Top 3 Industries
1. Residential building construction (31 new jobs)
2. Gasoline stations (30 new jobs)
3. Grocery stores (24 new jobs)

Total Five-Year Employment Decline in Cook County

Given the industries in the area, the Office supplies, stationery, and gift stores industry experienced most substantial job loss, losing 26 jobs. The declines in the Office supplies, stationery, and gift stores industry make up 67.5 percent of the total job loss in Cook County, Minnesota.

Top 5 Industries
1. Office supplies, stationery, and gift stores (26 jobs lost)
2. Consumer goods rental (7 jobs lost)
3. Full-service restaurants (6 jobs lost)
4. Automobile dealers (2 jobs lost)
5. Grocery and Related Product Wholesalers (42 jobs lost)

In Cook County, Minnesota, the entire sum of jobs in all industries overall has decreased by 26 jobs between mid-2001 and mid-2006.

Of the 11 industries with industry data reported by the BLS in each quarter, 3 reported job growth in the duration of the last five years and 7 industry sectors accounting for employment declines during that time period.

 

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