Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



Total wages in all industries in Cottonwood County, Minnesota when analyzed can be described as medium-low when analyzed with other 2nd quarter of 2006 County wages throughout the state. The average pay is 39.2 percent lower than the state, which accounted an average of $40,849. The overall industry wage was less than the US average pay 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 24, 2007

Cottonwood County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Cottonwood County

From the industries (4-digit NAICS) in the area, the Misc. nondurable goods merchant wholesalers industry has added the most employment with 66 jobs added during the time period. These new jobs in the Misc. nondurable goods merchant wholesalers industry makes up 36.3 percent of the growth in Cottonwood County.

Top 5 Industries
1. Misc. nondurable goods merchant wholesalers (66 new jobs)
2. Machinery and supply merchant wholesalers (37 new jobs)
3. Other general merchandise stores (18 new jobs)
4. Building foundation and exterior contractors (16 new jobs)
5. Full-service restaurants (10 new jobs)

In Cottonwood County, Minnesota, the entire sum of jobs in all industries overall has increased by 257 jobs from mid-2001 to mid-2006.

From the 20 industries with industry data reported by the BLS in each quarter, 7 reported job growth in the duration of the last five years and 13 industries reported employment loss in the period.

Total Five-Year Employment Decline in Cottonwood County

Given the industries in the area, the Gasoline stations industry faced the greatest employment loss with a total loss of 47 jobs during the period. The employment lost in the Gasoline stations industry make up 46.0 percent of the total job loss in Cottonwood County, Minnesota.

Top 5 Industries
1. Gasoline stations (47 jobs lost)
2. Automobile dealers (20 jobs lost)
3. Automotive repair and maintenance (18 jobs lost)
4. Farm product raw material merch. whls. (9 jobs lost)
5. Residential mental health facilities (7 jobs lost)

Total industry employment has increased by 6.4 percent since the 2nd Quarter figures of 2001. This change is greater than growth in Minnesota, experiencing a gain of 2.5 percent since 2001 ( 2nd Quarter). The gains were greater than than the gain seen for the United States of 2.6 percent.

Cottonwood County Five-Year Percentage Growth in Employment

The Misc. nondurable goods merchant wholesalers industry has gone through the largest job growth by percent, increasing by 241.5 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Cottonwood County has increased employment faster than the overall industry growth seen in the State of Minnesota, where the industry felt a loss of 3.5 percent. The Misc. nondurable goods merchant wholesalers industry in Cottonwood County outpaced the nation in terms of industry employment growth . During this period, the nation lost 1.8 percent in this industry.

Top 5 Industries
1. Misc. nondurable goods merchant wholesalers (241.5 percent gain)
2. Building foundation and exterior contractors (175.0 percent gain)
3. Personal care services (55.6 percent gain)
4. Machinery and supply merchant wholesalers (43.1 percent gain)
5. Other heavy construction (36.9 percent gain)

Cottonwood County Five-Year Percentage Decline in Employment

The Gasoline stations industry has lost the largest percent of jobs, losing 58.7 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has experienced in the State of Minnesota, where the it saw a loss of 18.9 percent. The losses in the Gasoline stations industry in Cottonwood County outpaced the United States industry losses overall. During this period, the United States lost 6.4 in percent of workers in the Gasoline stations industry.

Top 5 Industries
1. Gasoline stations (58.7 percent decline)
2. Automotive repair and maintenance (57.4 percent decline)
3. Automobile dealers (33.3 percent decline)
4. Farm product raw material merch. whls. (16.6 percent decline)
5. Residential mental health facilities (5.3 percent decline)





About: This report is part 2 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.

 

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