Wednesday, March 21, 2007

In Olmsted County, jobs in the commercial equip. merchant wholesalers pay the highest wages


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Employment in the commercial equip. merchant wholesalers industry reported the top wages in Olmsted County for 2006. The average worker in the industry in Olmsted County was paid an annual wage of $129,603 in 2006. The average wage is greater than the average industry wage in the State of Minnesota of $82,260 and greater than then the pay for jobs in this industry in the United States of $74,310.

Top-pay jobs in Olmsted County, Minnesota exsists in scientific research and development services ($87,159), securities and commodity contracts brokerage ($77,803), software publishers ($69,631) and computer systems design and related services ($61,982) industries. Note: Click the above Graphic for Detail Comparison

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.

Friday, March 09, 2007

Olmsted County Wages have increased by 12.5% Since 2001


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From 2001 to 2006, average industry wages increased in Olmsted County, Minnesota by a total of 12.5%. This is less than the growth in wages for the State of Minnesota and less than the growth in industry wages for the nation as a whole.

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.

Tuesday, February 27, 2007

Olmsted County Industry Wages Exceed Minnesota, and Wages Exceed the United States


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Wages in all industries in Olmsted County, Minnesota can be understood as being very high when compared to other 2nd quarter of 2006 County wages throughout the state. The average pay is 3.6 percent higher than the state, which accounted an average of $40,849. The overall industry wage was greater 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

Olmsted County Five-Year Industry Employment Change

Olmsted County Five-Year Percentage Growth in Employment

The Office administrative services industry has experienced the largest percentage growth, expanding by 2022.2 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Olmsted County has grow faster than the industry job growth experienced in Minnesota, where the industry took a gain of 30.6 percent. The Office administrative services industry in Olmsted County outpaced the nation in terms of industry employment growth . During this period, the nation gained 37.6 percent of the industry employment.

Top 5 Industries
1. Office administrative services (2022.2 percent gain)
2. Investigation and security services (419.1 percent gain)
3. Commercial equip. merchant wholesalers (286.8 percent gain)
4. Software publishers (229.3 percent gain)
5. Other support services (150.8 percent gain)

Olmsted County Five-Year Percentage Decline in Employment

The Computer systems design and related services industry has lost the biggest percent of jobs, losing 60 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 it saw a loss of 8.9 percent. The losses in the Computer systems design and related services industry in Olmsted County outpaced the US in terms of percent of decline of industry employment. The US lost 3.1 percent in terms of employment in the Computer systems design and related services industry.

Top 5 Industries
1. Computer systems design and related services (60 percent decline)
2. Consumer goods rental (59.7 percent decline)
3. Warehousing and storage (58 percent decline)
4. Direct selling establishments (57.3 percent decline)
5. Drinking places, alcoholic beverages (52.6 percent decline)

Total employment has increased by 6.5 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 were greater than than the gain experienced overall in the US of 2.6 percent.

Total Five-Year Employment Growth in Olmsted County

Of the industries (4-digit NAICS) in the area, the Individual and family services industry has brought the most jobs with a total of 755 new jobs created in the period. The job growth in the Individual and family services industry makes up 13.1 percent of the growth in Olmsted County.

Top 5 Industries
1. Individual and family services (755 new jobs)
2. Commercial equip. merchant wholesalers (666 new jobs)
3. Full-service restaurants (581 new jobs)
4. Nursing care facilities (488 new jobs)
5. Limited-service eating places (464 new jobs)

In Olmsted County, Minnesota, the entire sum of jobs in all industries overall has increased by 5,025 jobs from mid-2001 to mid-2006.

From the 109 industries with industry data reported by the BLS in each quarter, 54 showed an escalation in the number employed, while 55 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Decline in Olmsted County

Of the area's industries (4-digit NAICS), the Computer systems design and related services industry faced the greatest employment loss with a total loss of 443 jobs in that time period. The declines in the Computer systems design and related services industry make up 12.7 percent of the total employment decline in Olmsted County, Minnesota.

Top 5 Industries
1. Computer systems design and related services (443 jobs lost)
2. Drinking places, alcoholic beverages (271 jobs lost)
3. Grocery stores (217 jobs lost)
4. Traveler accommodation (216 jobs lost)
5. Consumer goods rental (202 jobs lost)





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.

Monday, January 22, 2007

Olmsted County One-Year Industry Employment Change

Total One-Year Employment Growth in Olmsted County

The Individual and family services industry has accounted the most employment growth with a total of 180 new jobs created in the period. The job growth in the Individual and family services industry makes up 9.9 percent of the total employment growth in Olmsted County.

Top 5 Industries
1. Individual and family services (180 new jobs)
2. Employment services (118 new jobs)
3. Nursing care facilities (116 new jobs)
4. Depository credit intermediation (115 new jobs)
5. Home health care services (113 new jobs)

Given the 117 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 53 reported job growth in the duration of the year and 62 industries reported a drop in employment.

Total One-Year Employment Decline in Olmsted County

Of the area's industries (4-digit NAICS), the Computer systems design and related services industry has lost the most employment with a total loss of 155 jobs in that time period. The declines in the Computer systems design and related services industry make up 11.5 percent of the total employment decline in Olmsted County, Minnesota.

Top 5 Industries
1. Computer systems design and related services (155 jobs lost)
2. Limited-service eating places (135 jobs lost)
3. Traveler accommodation (95 jobs lost)
4. Advertising and related services (85 jobs lost)
5. Printing and related support activities (64 jobs lost)

In Olmsted County, Minnesota, the entire sum of jobs in all industries overall has increased by 1,411 jobs between mid-2005 and mid-2006.

Olmsted County One-Year Percentage Growth in Employment

The Specialty food stores industry has gone through the largest job growth by percent, increasing by 160.9 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Olmsted County has added employment faster than the overall industry growth seen in the State of Minnesota, where the industry took a gain of 19.1 percent. The Specialty food stores industry in Olmsted County outpaced the US in terms of percent growth of industry employment. During this period, the US lost 2 percent of the employment in this industry.

Top 5 Industries
1. Specialty food stores (160.9 percent gain)
2. Other support services (135.0 percent gain)
3. Specialized design services (75.0 percent gain)
4. Scientific research and development services (51.2 percent gain)
5. Office administrative services (40.4 percent gain)

Olmsted County One-Year Percentage Decline in Employment

The Advertising and related services industry has lost the biggest percent of jobs, losing 61.7 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has felt in the State of Minnesota, where the industry felt a gain of 2.3 percent. The losses in the Advertising and related services industry in Olmsted County outpaced the US in terms of percent of decline of industry employment. The US gained 2.9 percent in terms of employees in the Advertising and related services industry.

Top 5 Industries
1. Advertising and related services (61.7 percent decline)
2. ISPs and web search portals (40 percent decline)
3. Computer systems design and related services (34.3 percent decline)
4. Electric goods merchant wholesalers (27.1 percent decline)
5. Direct selling establishments (26.6 percent decline)

Total employment has increased by 1.7 percent from 2005 (2nd Quarter). These figures are less than growth in the State of Minnesota, which experienced a gain of 1.9 percent from the 2nd Quarter of 2005. The gains the area experienced were less than than the gain seen for the United States of 2.0 percent.





About: This report is part 1 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.

Thursday, January 11, 2007

Income and Poverty in Olmsted County, Minnesota

When compared to other counties (or parishes) across the United States, Olmsted County, Minnesota may be understood as having a poverty rate amid the residents with a poverty rate of 6.4 percent of people living in a family with an income below the poverty level in 1999. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 42.6 percent of the population in 2000 living in poverty. Individuals aged 75 years and over are experiencing most percent people in poverty in Olmsted County, having 13.4 percent of this age group in the area living in poverty.

The poverty rate in Olmsted County, Minnesota has declined by 0.6 percent since the amounts published in 2000, moving from 6.4 percent to 5.8 percent.

The household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $57,667, which represents a 4 percent decline. Olmsted County, Minnesota, when analyzing percentage of decline, ranks 11 of 11 counties in percent of decline for the household income level in the State of Minnesota. Olmsted County ranks 513 of 668 counties (or parishes) when comparing the decline in median income in the US.

While the median household income saw a decline in the last five year in Olmsted County, Minnesota, the Race/Ethnicity group that went through the most dramatic decline in the household income level was the White Race/Ethnicity category. This category went through a decline of 0.2 percent since 2000. The Hispanic Race/Ethnicity group has been least impacted by the median income decline in Olmsted County, experiencing a 92.1 percent increase in median household income from 2000 to 2005.

The American Indian and Alaska Native households in Olmsted County reported a median household income of $58,968, which was 1.8 percent less than the median level for total households in the area. Black or African American householders reported a median household income that was 58.3 percent less than the all population median published in the 2000 Census, with a median of $25,034. The Asian householders in the area have reported their median household incomes at $51,563. This median is 14.1 percent less than the reported median for all households in the area. In Olmsted County, Minnesota White headed households reported household income (in 2005 Dollars) of $61,048 as reported in 2000 by the census, which was 1.7 percent greater than the median in the year 2000. Hispanic headed households in Olmsted County, Minnesota recorded a median income of $52,358, this income level is 12.8 percent less than the median reported for all households in the area.

When analyzed against other counties (and parishes) in the US, Olmsted County accounted a relatively high median income for households of $60,040 (2005 Dollars). The income level is 8.2 percent higher than the household income median in State of Minnesota of $55,120 and the median household income is 18.2 percent higher than the median in the US, which is $49,133.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Tuesday, December 19, 2006

Higher Education in Olmsted County, Minnesota

From the year 2000, Olmsted has increased in the percent of the total population (+25) with a BA or Higher. The portion of this population has grown by 5.2 percent to a total of 40 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is greater than the State of Minnesota percent of 30.8 and greater than the national percent of 27.2.

Reported by the 2000 Census in Olmsted County, Minnesota, many men in the area have reached the Bachelors Degree or Higher category, with 37.8 percent reaching this education level. The female population in Olmsted have attainment on average a lower level of higher education (Bachelors or Higher) than the men in the area: 37.8 percent (Men) versus 31.8 percent (Women). A high proportion of the female population in the area has reached the Some College or Associates Degree category, with 35.4 percent of the women population in the area achieving this level of education.

From 2000 to 2005, the percent of male population that is highly educated has increased by 2.2 percent. By the year 2005, 40.2 percent of area's male population (+25) achieved a BA or Higher. During the same period, the percent of women (+25) that have earned a BA or higher has increased by a total of 8.2 percent. By 2005, a total of 40 percent of the female population having received at least a Bachelors Degree.

Olmsted County, Minnesota has a very highly-educated population, with 34.8 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2000 Decennial Census. Olmsted is reported having a higher percent of population with this high education level than the State of Minnesota's proportion of 27.4 percent and a higher percent than United States proportion of 24.4 percent.

In Olmsted County, Minnesota as reported in the 2000 Census, 34.6 percent of the White Alone, 16.8 percent of Black or African American, 54.2 percent of the Asian alone and 14.6 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Tuesday, November 28, 2006

Demographic Profile for Olmsted County, Minnesota

When calculating the total land area, Olmsted encompasses a total area of 653 square miles. The county has a medium-high average population density of 207 persons per square mile, in 2005. Other US counties with similar densities include: -- more densely populated -- Wayne, NC (207 per sq. mile ), Buchanan, MO (207 per sq. mile ), Columbiana, OH (208 per sq. mile ), -- less densely populated -- Blount, TN (207 per sq. mile ), Litchfield, CT (207 per sq. mile ), Hancock, IN (206 per sq. mile ).

The U.S. Census Bureau, in the year 2005, estimated a median age in Olmsted County, Minnesota to be 36.2 years old. The median in Olmsted is less than the median age in the State of Minnesota of 36.7. Since the year 2000, the area has seen an increase in this median, when at that time it was 35.1 years of age. With 25 percent of the 2005 population being comprised of individuals under the age of 18, Olmsted can be understood as being made up of a medium-high proportion of youths. The working age population group (18-64) has a medium-high representation within the population, making up 63.5 percent of the population makes up this age category. The retirement (65 and over) age group comprises 11.5 percent of the population in the area. When compared to other counties throughout the United States, this represents a medium-low proportion of the area population base.

Olmsted County, Minnesota has a population that is made of 87.3 percent White, 3.5 percent African American, 5.1 percent Asian, and 2.8 percent Hispanic. This area can be considered to have a modest level of racial and ethnic diversity, with 11.4 percent minorities. This is greater than the State of Minnesota percent of 11.2. Since 2000, Olmsted has increased in diversity when 9.7 percent of the people were minorities.

Since the year 2000, a very high amount of people migrated to Olmsted internationally. The international migration into Olmsted accounts for 4.8 percent of the total international migration into the State of Minnesota. This percent of international migration is very high when analyzed against the base population in the year 2005 and compared to other counties across the US.

Olmsted County, Minnesota had a total estimated population of 135,189 for the year 2005. The total population has increased sharply, since the 2000 total population of 124,842. This growth shows an increase of 8.3 percent. Olmsted ranks 8 of 87 counties when calculating total change in population for Minnesota and the county ranks 315 of 3,141 counties in terms of population growth in the United States.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Saturday, November 11, 2006

Housing Report for Olmsted County, Minnesota

In Olmsted County, the census reported 57,307 housing units in the year 2005. This represents a growth in housing units, adding a sum of 5,954 homes since 2001, or 11.6 percent.

The residential real estate values in Olmsted County, Minnesota have seen large increases since the Census values accounted for in the year 2000. The values have increased by $47,100, or 40.3 percent, from their 2000 value of $117,000.

Olmsted County recorded median owner-occupied home value in the year 2005 of $164,100, published by the American Community Survey. This value is less than the Minnesota 2005 home value of $198,800 and less than home value of $167,500 for the United States in the same year.

There seems to be a fair amount affordable residential real estate in Olmsted County, Minnesota. In 2005, 23.1 percent of residential real estate was valued under $125,000.

Throughout the State of Minnesota, Olmsted County is positioned 10 of 87 by percent in growth of new residential structures. The county places 221 of 3,141, in terms of residential real estate percentage change change in the United States.

Olmsted County has a medium proportion of residential real estate that is high priced. In 2005, the American Community Survey reports that 3.3 percent of the homes were valued over $500,000.

Data Source: U.S. Census Bureau

Monday, October 30, 2006

Employment Report for Olmsted County, Minnesota -- Annual 2005 Industry Summary

In Olmsted County, Health care and social assistance, Manufacturing and Retail Trade industries have the highest United States location quotient (LQ). The Health care and social assistance sector has a United State LQ of 3.22. In other words, the percent of total jobs in the Health care and social assistance sector is 3.22 times the percent of the national average, This signifies that Olmsted specializes in Health care and social assistance.

In Olmsted County, Health care and social assistance, Retail Trade, and the Manufacturing sectors, in terms of total employment, are the largest. Health care and social assistance produces the largest number of jobs in the area accounting for 41.7 percent of the total county employment. This totals 33,810 jobs. The Retail Trade and Manufacturing industries make up 12.1 and 11.9 percent of all employment.

Health care and social assistance has the largest employers in Olmsted County, averaging 119 employees per business. This is greater than the industry's national average of 21 and greater than the State of Minnesota average establishment size of 29 for the Health care and social assistance industry.

Manufacturing since the year 2001 was faced with the largest loss in employment in Olmsted County. The sector dealt with a loss of 2,618 employees during the period, or 21.3 percent of industry's employment. The industry declines made up 72.5 percent of all employment losses in the county.

Information is an attractive industry due to its high level of job growth since the year 2001 in Olmsted County, with an employment growth of 105.1 percent. This is greater than the United States industry change in employment of -14.9 percent. The State of Minnesota saw a change in employment in the sector of -15 percent, in the recent period of 2001-2005.







Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).

 

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