Tuesday, February 27, 2007

Yellow Medicine County Industry Wages Lag Behind Minnesota, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Wages in all industries in Yellow Medicine County, Minnesota when analyzed can be described as medium-high when compared to other 2nd quarter of 2006 County wages throughout the state. The average pay is 33.1 percent lower than the reported averages in the state of $40,849. The overall industry wage 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

Yellow Medicine County Five-Year Industry Employment Change

Total Five-Year Employment Decline in Yellow Medicine County

From of the area's 4-digit NAICS industries, the Gasoline stations industry has lost the most employment with a total loss of 91 jobs. The declines in the Gasoline stations industry make up 38.2 percent of the employment lost during the period in Yellow Medicine County, Minnesota.

Top 5 Industries
1. Gasoline stations (91 jobs lost)
2. Machinery and supply merchant wholesalers (30 jobs lost)
3. Drinking places, alcoholic beverages (26 jobs lost)
4. General freight trucking (25 jobs lost)
5. Limited-service eating places (21 jobs lost)

In Yellow Medicine County, Minnesota, the total number of jobs throughout all industries has decreased by 64 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Growth in Yellow Medicine County

Of the industries (4-digit NAICS) in the area, the Farm product raw material merch. whls. industry has accounted the most employment growth with a total of 29 new jobs created in the period. The job growth in the Farm product raw material merch. whls. industry makes up 35.8 percent of the total growth in Yellow Medicine County.

Top 5 Industries
1. Farm product raw material merch. whls. (29 new jobs)
2. Hog and pig farming (14 new jobs)
3. Grocery stores (12 new jobs)
4. Other general merchandise stores (11 new jobs)
5. Specialized freight trucking (10 new jobs)

Of the 21 4-digit NAICS industries, 14 showed an escalation in the number employed, while 7 industry sectors reported declines during the time period.

The total number of jobs has decreased by 2.3 percent from 2001 (2nd Quarter). These figures are greater than growth in the State of Minnesota, which went through a gain of 2.5 percent since the 2nd Quarter of 2001. The losses felt were greater than than the gain seen for the United States of 2.6 percent.

Yellow Medicine County Five-Year Percentage Growth in Employment

The Other general merchandise stores industry has seen the largest percentage job growth, expanding by 109.7 percent from 2001 to 2006. This industry in Yellow Medicine County has added employment faster than the industry job growth experienced in Minnesota, where the industry took a gain of 92.6 percent. The Other general merchandise stores industry in Yellow Medicine County outpaced the United States, which experienced a gained 31.2 percent of the industry employment.

Top 5 Industries
1. Other general merchandise stores (109.7 percent gain)
2. Specialized freight trucking (44.8 percent gain)
3. Hog and pig farming (35.7 percent gain)
4. Farm product raw material merch. whls. (25.3 percent gain)
5. Offices of other health practitioners (23.5 percent gain)

Yellow Medicine County Five-Year Percentage Decline in Employment

The Gasoline stations industry has seen the largest percentage drop in employment, losing 69.8 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of Minnesota, where the industry reported a loss of 18.9 percent. The losses in the Gasoline stations industry in Yellow Medicine County outpaced the US in terms of percent of decline of industry employment. The US lost 6.4 in percent of workers in the Gasoline stations industry.

Top 5 Industries
1. Gasoline stations (69.8 percent decline)
2. Drinking places, alcoholic beverages (64.7 percent decline)
3. Machinery and supply merchant wholesalers (58.1 percent decline)
4. General freight trucking (53.1 percent decline)
5. Other specialty trade contractors (46.3 percent decline)





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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