Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



The average total wages in all industries in Goodhue County, Minnesota when analyzed can be understood as being relatively high when compared to other 2nd quarter of 2006 County wages throughout the state. The average pay is 19.8 percent lower than the reported averages in the state of $40,849. The overall industry wage was less than the overall average in the United States 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

Goodhue County Five-Year Industry Employment Change

Goodhue County Five-Year Percentage Growth in Employment

The Activities related to real estate industry has witnessed the largest percentage of employment expansion, increasing by 573.2 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Goodhue County has expanded faster than the industry job growth experienced in Minnesota, where this industry saw a gain of 21.3 percent. The Activities related to real estate industry in Goodhue County outpaced the United States, which experienced a gained 19 percent of the industry employment.

Top 5 Industries
1. Activities related to real estate (573.2 percent gain)
2. Machine shops and threaded product mfg. (446.5 percent gain)
3. Furniture stores (374.4 percent gain)
4. Other schools and instruction (350.0 percent gain)
5. Insurance carriers (190.9 percent gain)

Goodhue County Five-Year Percentage Decline in Employment

The Computer systems design and related services industry has lost the biggest percent of jobs, losing 66.6 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Minnesota, where the industry felt a loss of 8.9 percent. The losses in the Computer systems design and related services industry in Goodhue County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 3.1 percent in terms of employment in the Computer systems design and related services industry.

Top 5 Industries
1. Computer systems design and related services (66.6 percent decline)
2. Clothing stores (65.6 percent decline)
3. Sporting goods and musical instrument stores (47.6 percent decline)
4. Lessors of real estate (42.4 percent decline)
5. Farm product raw material merch. whls. (37.1 percent decline)

The total number of jobs has decreased by 2.5 percent since the 2nd Quarter figures of 2001. This change is greater than growth in Minnesota, experiencing a gain of 2.5 percent from the 2nd Quarter of 2001. The losses felt were greater than than the gain felt at the national level of 2.6 percent.

Given the 70 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 28 reported job growth in the duration of the last five years and 42 industries reported employment loss in the period.

In Goodhue County, Minnesota, the entire sum of jobs in all industries overall has decreased by 434 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Decline in Goodhue County

Given the industries in the area, the Grocery stores industry experienced most substantial job loss, losing 114 jobs during the period. The employment lost in the Grocery stores industry make up 14.5 percent of the employment lost during the period in Goodhue County, Minnesota.

Top 5 Industries
1. Grocery stores (114 jobs lost)
2. Gasoline stations (99 jobs lost)
3. Clothing stores (93 jobs lost)
4. Dairy product manufacturing (84 jobs lost)
5. Computer systems design and related services (72 jobs lost)

Total Five-Year Employment Growth in Goodhue County

The Activities related to real estate industry has brought the most jobs with a total of 136 total jobs brought in during the period. The growth in the Activities related to real estate industry makes up 12.6 percent of the growth in Goodhue County.

Top 5 Industries
1. Activities related to real estate (136 new jobs)
2. Building material and supplies dealers (135 new jobs)
3. Limited-service eating places (98 new jobs)
4. General freight trucking (74 new jobs)
5. Machine shops and threaded product mfg. (64 new jobs)





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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