Tuesday, February 27, 2007

Minneapolis-St Paul-Bloomington Metro Area Industry Wages Exceed Minnesota, and Wages Exceed the United States Industry Wages


(Click Image to Enlarge Graph)



The average total wages in all industries in Minneapolis-St. Paul-Bloomington, MN-WI when analyzed can be described as very high when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 0.9 percent higher than the state, which was reported to be $40,849. The average industry wage was greater than the industry average in the US 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.

Sunday, February 11, 2007

Minneapolis-St Paul-Bloomington Five-Year Industry Employment Change

Given the 21 industries with industry data reported by the BLS in each quarter, 7 showed an escalation in the number employed, while 14 industry sectors reported declines during the time period.

Total Five-Year Employment Growth in the Minneapolis-St Paul-Bloomington Metro Area

From the industries (4-digit NAICS) in the area, the Limited-service eating places industry has accounted the most employment growth with a total of 8,379 jobs added during the time period. These new jobs in the Limited-service eating places industry makes up 24.7 percent of the growth in Minneapolis-St Paul-Bloomington.

Top 5 Industries
1. Limited-service eating places (8,379 new jobs)
2. Full-service restaurants (6,475 new jobs)
3. Depository credit intermediation (5,210 new jobs)
4. Services to buildings and dwellings (1,984 new jobs)
5. Other professional and technical services (1,891 new jobs)

In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, the entire sum of jobs in all of the industries has increased by 24,364 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in the Minneapolis-St Paul-Bloomington Metro Area

Of the area's industries (4-digit NAICS), the Gasoline stations industry has lost the most employment with a total loss of 3,022 jobs. The declines in the Gasoline stations industry make up 28.7 percent of the total employment decline in Minneapolis-St. Paul-Bloomington, MN-WI.

Top 5 Industries
1. Gasoline stations (3,022 jobs lost)
2. Computer systems design and related services (2,770 jobs lost)
3. Accounting and bookkeeping services (1,811 jobs lost)
4. Building equipment contractors (1,763 jobs lost)
5. Automotive repair and maintenance (1,144 jobs lost)

The Minneapolis-St Paul-Bloomington Metro Area: Five-Year Percentage Decline in Employment

The Gasoline stations industry has lost the largest amount of employment in terms of percentage, losing 22.3 percent from 2001 (Q2) to 2006 (Q2). 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 Minneapolis-St Paul-Bloomington outpaced the US in terms of percent of decline of industry employment. The US lost 6.4 percent in terms of employment in the Gasoline stations industry.

Top 5 Industries
1. Gasoline stations (22.3 percent decline)
2. Accounting and bookkeeping services (14 percent decline)
3. Computer systems design and related services (11.3 percent decline)
4. Automotive repair and maintenance (10.2 percent decline)
5. Building equipment contractors (7.2 percent decline)

Total industry employment has increased by 1.6 percent from 2001 (2nd Quarter). These figures are less than percent in the State of Minnesota, which experienced a gain of 2.5 percent since the 2nd Quarter of 2001. The gains the area experienced were less than than the gain reported at the US level of 2.6 percent.

The Minneapolis-St Paul-Bloomington Metro Area: Five-Year Percentage Growth in Employment

The Other professional and technical services industry has gone through the largest job growth by percent, increasing by 33.4 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Minneapolis-St Paul-Bloomington has added employment faster than the growth seen in the industry for Minnesota, where this industry saw a gain of 22.6 percent. The Other professional and technical services industry in Minneapolis-St Paul-Bloomington outpaced the national average, which felt a gained 14.4 percent of the employment in this industry.

Top 5 Industries
1. Other professional and technical services (33.4 percent gain)
2. Depository credit intermediation (24.5 percent gain)
3. Limited-service eating places (20.5 percent gain)
4. Management and technical consulting services (17.9 percent gain)
5. Activities related to real estate (17.6 percent gain)

 

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