Tuesday, February 27, 2007

Hennepin County Industry Wages Exceed Minnesota, and Wages Exceed the United States


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The overall industry wages in Hennepin County, Minnesota when analyzed can be understood as being very high when analyzed with other Counties in the state. The overall wages are 24.7 percent higher than the state, which accounted an average of $40,849. The overall industry wage was greater 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

Hennepin County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Hennepin County

From the industries (4-digit NAICS) in the area, the Individual and family services industry has brought the most jobs with a total of 6,601 new jobs created in the period. The job growth in the Individual and family services industry makes up 14.5 percent of the total employment growth in Hennepin County.

Top 5 Industries
1. Individual and family services (6,601 new jobs)
2. Limited-service eating places (2,637 new jobs)
3. General medical and surgical hospitals (2,424 new jobs)
4. Medical equipment and supplies manufacturing (2,170 new jobs)
5. Full-service restaurants (1,977 new jobs)

In Hennepin County, Minnesota, the entire sum of jobs in all industries overall has decreased by 28,483 jobs between mid-2001 and mid-2006.

Given the 217 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 134 showed an escalation in the number employed, while 83 industry sectors reported declines during the time period.

Total Five-Year Employment Decline in Hennepin County

Given the industries in the area, the Data processing and related services industry witnessed the largest drop in employment, losing a total of 2,947 jobs during the time period. The jobs lost in the Data processing and related services industry make up 4.5 percent of the total employment decline in Hennepin County, Minnesota.

Top 5 Industries
1. Data processing and related services (2,947 jobs lost)
2. Wired telecommunications carriers (2,929 jobs lost)
3. Grocery stores (2,400 jobs lost)
4. Business support services (1,988 jobs lost)
5. Drinking places, alcoholic beverages (1,973 jobs lost)

Total employment has decreased by 3.6 percent since the 2nd Quarter figures of 2001. This change is greater than growth in the State of Minnesota, experiencing a gain of 2.5 percent from 2001 (2nd Quarter). The losses were greater than than the gain experienced overall in the US of 2.6 percent.

Hennepin County Five-Year Percentage Decline in Employment

The Fruit and vegetable preserving and specialty industry has lost the largest percent of jobs, losing 74.5 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 industry felt a loss of 16.5 percent. The losses in the Fruit and vegetable preserving and specialty industry in Hennepin County outpaced the United States industry losses overall. During this period, the United States lost 13.3 in percent of workers in the Fruit and vegetable preserving and specialty industry.

Top 5 Industries
1. Fruit and vegetable preserving and specialty (74.5 percent decline)
2. Other electrical equipment and component mfg. (73.4 percent decline)
3. Grain and oilseed milling (70.1 percent decline)
4. Glass and glass product manufacturing (69.2 percent decline)
5. Animal food manufacturing (68.7 percent decline)

Hennepin County Five-Year Percentage Growth in Employment

The Other nonmetallic mineral products industry has witnessed the largest percentage of employment expansion, increasing by 331.4 percent from 2001 to 2006. This industry in Hennepin County has added employment faster than the overall industry growth seen in the State of Minnesota, where the industry took a gain of 9.6 percent. The Other nonmetallic mineral products industry in Hennepin County outpaced the national average, which felt a gained 5.7 percent of the industry employment.

Top 5 Industries
1. Other nonmetallic mineral products (331.4 percent gain)
2. Promoters of performing arts and sports (242.8 percent gain)
3. Educational support services (143.2 percent gain)
4. Farm product raw material merch. whls. (124.3 percent gain)
5. Community care facilities for the elderly (95.9 percent gain)





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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