Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



Wages in all industries in Meeker County, Minnesota when analyzed can be described as medium-high when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 31.5 percent lower than the state, which accounted an average of $40,849. The industry pay was less than the US average pay 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

Meeker County Five-Year Industry Employment Change

Meeker County Five-Year Percentage Growth in Employment

The Other general purpose machinery manufacturing industry has gone through the largest job growth by percent, increasing by 175.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Meeker County has grow faster than the industry has grown in the State of Minnesota, where the industry felt a loss of 11 percent. The Other general purpose machinery manufacturing industry in Meeker County outpaced the nation in terms of industry employment growth . During this period, the nation lost 16.2 percent.

Top 5 Industries
1. Other general purpose machinery manufacturing (175.1 percent gain)
2. Commercial machinery repair and maintenance (135.7 percent gain)
3. Other specialty trade contractors (83.1 percent gain)
4. Architectural and engineering services (80.0 percent gain)
5. Drinking places, alcoholic beverages (58.6 percent gain)

The total number of jobs has increased by 5 percent since the 2nd Quarter of 2001. This is greater than percent in Minnesota, experiencing a gain of 2.5 percent from the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain reported at the US level of 2.6 percent.

Meeker County Five-Year Percentage Decline in Employment

The Lessors of real estate industry has lost the largest amount of employment in terms of percentage, losing 58.1 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of Minnesota, where the it saw a gain of 0.5 percent. The losses in the Lessors of real estate industry in Meeker County outpaced the US in terms of percent of decline of industry employment. The US lost 2.1 in percent of jobs in the Lessors of real estate industry.

Top 5 Industries
1. Lessors of real estate (58.1 percent decline)
2. Advertising and related services (31.8 percent decline)
3. Misc. nondurable goods merchant wholesalers (26.7 percent decline)
4. Grocery stores (20.8 percent decline)
5. Legal services (20.6 percent decline)

Total Five-Year Employment Decline in Meeker County

From of the area's 4-digit NAICS industries, the Misc. nondurable goods merchant wholesalers industry faced the greatest employment loss with a total loss of 38 jobs during the period. The employment lost in the Misc. nondurable goods merchant wholesalers industry make up 28.4 percent of the jobs lost during the period in Meeker County, Minnesota.

Top 5 Industries
1. Misc. nondurable goods merchant wholesalers (38 jobs lost)
2. Grocery stores (35 jobs lost)
3. Lessors of real estate (17 jobs lost)
4. Advertising and related services (11 jobs lost)
5. Legal services (7 jobs lost)

In Meeker County, Minnesota, the total number of workers for all sectors has increased by 274 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Of the 31 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 11 showed an escalation in the number employed, while 18 industries reported a drop in employment.

Total Five-Year Employment Growth in Meeker County

The Other general purpose machinery manufacturing industry has accounted the most employment growth with a total of 180 jobs added during the time period. These new jobs in the Other general purpose machinery manufacturing industry makes up 46.6 percent of the total number of new jobs in Meeker County.

Top 5 Industries
1. Other general purpose machinery manufacturing (180 new jobs)
2. Other specialty trade contractors (39 new jobs)
3. Building foundation and exterior contractors (32 new jobs)
4. Machinery and supply merchant wholesalers (29 new jobs)
5. Commercial machinery repair and maintenance (19 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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