Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



The overall industry wages in Marshall County, Minnesota when analyzed can be understood as being medium-low when analyzed with other Counties in the state. The overall wages are 39.4 percent lower than the reported averages in the state of $40,849. The industry pay 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

Marshall County Five-Year Industry Employment Change

Employment for all industries has increased by 0.9 percent from 2001 (2nd Quarter). These figures are less than percent in Minnesota, which went through a gain of 2.5 percent since 2001 ( 2nd Quarter). The gains the area experienced were less than than the gain felt at the national level of 2.6 percent.

Marshall County Five-Year Percentage Growth in Employment

The Specialized freight trucking industry has witnessed the largest percentage of employment expansion, increasing by 375.0 percent from 2001 to 2006. This industry in Marshall County has expanded faster than the industry job growth experienced in Minnesota, where the industry felt a gain of 23.8 percent. The Specialized freight trucking industry in Marshall County outpaced the United States, which experienced a gained 6.8 percent in this industry.

Top 5 Industries
1. Specialized freight trucking (375.0 percent gain)
2. Insurance agencies, brokerages, and related (85.2 percent gain)
3. Misc. nondurable goods merchant wholesalers (29.3 percent gain)
4. Gasoline stations (28.9 percent gain)
5. Drinking places, alcoholic beverages (2.7 percent gain)

Marshall County Five-Year Percentage Decline in Employment

The Accounting and bookkeeping services industry has seen the largest percentage drop in employment, losing 75 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 sector has gone through in the Minnesota, where the industry felt a loss of 12.4 percent. The losses in the Accounting and bookkeeping services industry in Marshall County outpaced the United States industry losses overall. During this period, the United States lost 0.2 in percent of jobs in the Accounting and bookkeeping services industry.

Top 5 Industries
1. Accounting and bookkeeping services (75 percent decline)
2. General freight trucking (32.3 percent decline)
3. Other specialty trade contractors (31.7 percent decline)
4. Building equipment contractors (25.3 percent decline)
5. Full-service restaurants (14.6 percent decline)

Total Five-Year Employment Decline in Marshall County

The Accounting and bookkeeping services industry experienced most substantial job loss, losing 12 jobs in that time period. The declines in the Accounting and bookkeeping services industry make up 26.7 percent of the total job loss in Marshall County, Minnesota.

Top 5 Industries
1. Accounting and bookkeeping services (12 jobs lost)
2. Full-service restaurants (9 jobs lost)
3. Civic and social organizations (8 jobs lost)
4. Other specialty trade contractors (6 jobs lost)
5. Building equipment contractors (6 jobs lost)

Out of the 12 4-digit NAICS industries, 6 described an expansion of jobs throughout the time period, while 5 industry sectors reported declines during the time period.

Total Five-Year Employment Growth in Marshall County

Of the industries (4-digit NAICS) in the area, the Misc. nondurable goods merchant wholesalers industry has added the most employment with 18 total jobs brought in during the period. The growth in the Misc. nondurable goods merchant wholesalers industry makes up 33.3 percent of the total employment growth in Marshall County.

Top 5 Industries
1. Misc. nondurable goods merchant wholesalers (18 new jobs)
2. Specialized freight trucking (15 new jobs)
3. Gasoline stations (11 new jobs)
4. Insurance agencies, brokerages, and related (8 new jobs)
5. Drinking places, alcoholic beverages (2 new jobs)

In Marshall County, Minnesota, the aggregate employment for all industry sectors has increased by 16 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 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.

 

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