Monday, October 30, 2006

Employment Report for Iredell County, North Carolina -- Annual 2005 Industry Summary

Manufacturing has the largest employers in Iredell County. The industry averages 41 employees per business. This is greater than the US industry average of 39 and less than the State of North Carolina average of 53 for the Manufacturing industry.

The Manufacturing has seen the largest decrease in industry presence in Iredell County, since the year 2001, moving from making up 30.5 percent of total jobs in the year 2001 to 23.3 percent in the year 2005.

In Iredell County, Arts, entertainment, and recreation, Manufacturing and Wholesale trade industries have the highest United States location quotient (LQ). The Arts, entertainment, and recreation industry has a US LQ in the county of 2.28. In other words, the percent of total jobs in the Arts, entertainment, and recreation sector is 2.28 times greater than the US average, showing signs that Iredell County may specialize, or be an exporter of Arts, entertainment, and recreation.

Educational services has had the highest level of job growth from 2001-2005 in Iredell County, with a job growth of 184.4 percent. This is greater than the industry employment change in the United States of 13.8 percent. The State of North Carolina experienced a sector employment shift of 18.3 percent, during the time since 2001.

In Iredell County, Manufacturing, Retail Trade, and the Health care and social assistance industries are the largest employment industries. The Manufacturing provides the most jobs and contributes 23.3 percent of the total county employment. This totals 12,087 people employed. The Retail Trade and Health care and social assistance sectors provide 16 and 11.5 percent of total employment, respectively.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in Iredell County. The industry lost a total of 2,360 jobs during the period, or 16.3 percent of the employment in the industry. This made up a total of 97.1 percent of the total loss in employment during the period.





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

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