Tuesday, February 27, 2007

Lake of the Woods County Industry Wages Lag Behind Minnesota, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Wages in all industries in Lake of the Woods County, Minnesota when analyzed can be described as relatively low when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 40.3 percent lower than the reported averages in the state of $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 24, 2007

Lake of the Woods County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Lake of the Woods County

Of the industries (4-digit NAICS) in the area, the Building material and supplies dealers industry has brought the most jobs with a total of 7 new jobs created in the period. The job growth in the Building material and supplies dealers industry makes up 83.3 percent of the total growth in Lake of the Woods County.

Top 1 Industries
1. Building material and supplies dealers (7 new jobs)

Total Five-Year Employment Decline in Lake of the Woods County

Given the industries in the area, the Gasoline stations industry has lost the most employment with a total loss of 41 jobs. The declines in the Gasoline stations industry make up 100.0 percent of the total job loss in Lake of the Woods County, Minnesota.

Top 2 Industries
1. Gasoline stations (41 jobs lost)
2. Gasoline stations (16 jobs lost)

In Lake of the Woods County, Minnesota, the entire sum of jobs in all industries overall has increased by 110 total jobs from 2001 to 2006.



Total employment has increased by 9.2 percent since the 2nd Quarter of 2001. This is greater than growth in Minnesota, which saw a gain of 2.5 percent from the 2nd Quarter of 2001. The gains felt were greater than than the gain experienced overall in the US of 2.6 percent.

Lake of the Woods County Five-Year Percentage Decline in Employment

The Gasoline stations industry has seen the largest percentage drop in employment, losing 43.3 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 seen in the Minnesota, where the industry felt a loss of 18.9 percent. The losses in the Gasoline stations industry in Lake of the Woods County outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 6.4 in percent of jobs in the Gasoline stations industry.

Top 1 Industries
1. Gasoline stations (43.3 percent decline)

Lake of the Woods County Five-Year Percentage Growth in Employment

The Building material and supplies dealers industry has seen the largest percentage job growth, expanding by 35.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Lake of the Woods County has expanded faster than the industry job growth experienced in Minnesota, where this industry saw a gain of 8.5 percent. The Building material and supplies dealers industry in Lake of the Woods County outpaced the nation in terms of industry employment growth . During this period, the nation gained 20 percent in this industry.

Top 2 Industries
1. Building material and supplies dealers (35.1 percent gain)
2. Residential building construction (6.8 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.

 

About - © 2007 Ecanned.com  - Contact