Total industry employment has decreased by 10.5 percent from the reported values in 2001. These values are greater than percent in Minnesota, experiencing a gain of 2.5 percent since the 2nd Quarter of 2001. The losses in the area were greater than than the gain experienced overall in the US of 2.6 percent.
Faribault County Five-Year Percentage Growth in EmploymentThe
Professional and similar organizations industry has experienced the largest percentage growth, expanding by 109.5 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Faribault County has added employment faster than the industry has grown in the State of Minnesota, where this industry saw a loss of 4.6 percent. The
Professional and similar organizations industry in Faribault County outpaced the nation in terms of industry employment growth . During this period, the nation gained 1.6 percent in this industry.
Top 5 Industries 1. Professional and similar organizations (109.5 percent gain)
2. Lessors of real estate (86.4 percent gain)
3. Other professional and technical services (47.8 percent gain)
4. Other heavy construction (46.2 percent gain)
5. Florists (44.4 percent gain)
Faribault County Five-Year Percentage Decline in EmploymentThe
Misc. nondurable goods merchant wholesalers industry has lost the largest amount of employment in terms of percentage, losing 57 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has felt in the State of Minnesota, where the industry felt a loss of 3.5 percent. The losses in the
Misc. nondurable goods merchant wholesalers industry in Faribault County outpaced the US in terms of percent of decline of industry employment. The US lost 1.8 percent in terms of employment in the
Misc. nondurable goods merchant wholesalers industry.
Top 5 Industries 1. Misc. nondurable goods merchant wholesalers (57 percent decline)
2. Civic and social organizations (28.6 percent decline)
3. Machinery and supply merchant wholesalers (26.7 percent decline)
4. Accounting and bookkeeping services (23.4 percent decline)
5. Residential building construction (19 percent decline)
Total Five-Year Employment Decline in Faribault CountyThe
Civic and social organizations industry witnessed the largest drop in employment, losing a total of 27 jobs during the time period. The jobs lost in the
Civic and social organizations industry make up 20.8 percent of the total job loss in Faribault County, Minnesota.
Top 5 Industries 1. Civic and social organizations (27 jobs lost)
2. Full-service restaurants (24 jobs lost)
3. Misc. nondurable goods merchant wholesalers (16 jobs lost)
4. Grocery stores (14 jobs lost)
5. Machinery and supply merchant wholesalers (13 jobs lost)
Total Five-Year Employment Growth in Faribault CountyOut of the 4-digit NAICS industries, the
Limited-service eating places industry has added the most employment with 28 jobs added during the time period. These new jobs in the
Limited-service eating places industry makes up 31.8 percent of the total employment growth in Faribault County.
Top 5 Industries 1. Limited-service eating places (28 new jobs)
2. Other professional and technical services (15 new jobs)
3. Professional and similar organizations (8 new jobs)
4. Lessors of real estate (6 new jobs)
5. Other heavy construction (6 new jobs)
Given the 24 4-digit NAICS industries, 13 reported job growth in the duration of the last five years and 10 industries reported employment loss in the period.
In Faribault County, Minnesota, the entire sum of jobs in all industries overall has decreased by 494 jobs from mid-2001 to mid-2006.
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.
