Employment Report for Charlotte, North Carolina -- Annual 2005 Industry Summary
Utilities has the largest businesses in Charlotte Metropolitan Area (MSA), averaging 89 workers per each place of employment, being greater than the industry's national average of 34 and greater than the North Carolina establishments size average of 37 for the Utilities industry.
In Charlotte, Finance and insurance, Information and Wholesale trade have the highest US LQ in 2005. The Finance and insurance sector has a United State LQ of 1.56. The percent of employment in the Finance and insurance sector is 1.56 times more than the average percent in the United States, revealing signs that Charlotte may be an exporter of products or services of Finance and insurance.
An industry with high wages in Charlotte is the finance and insurance industry with wages that annually pay $76,382. Locally, since the year 2001, the industry annual average pay has grown by 16.2 percent or $10,631. The State of North Carolina has a similar pattern in the finance and insurance sector, placing near the top of industries in term of the average annual pay of 2004.
Finance and insurance is the industry that has seen the largest increase in jobs from the year 2001 to the present in Charlotte, growing by 45.9 percent. This is greater than the United States change in the sector jobs of 4.8 percent. The State of North Carolina experienced a change in employment in the sector of 13.9 percent, during the period.
The Health care and social assistance has seen the largest decrease in industry presence in the Charlotte Metropolitan Area since 2001, going from making up 7 percent of employment in 2001 to 0 percent in the year 2005.
The Charlotte-Gastonia-Concord is the Metropolitain Area that is ranked 32 of 363 throughout the US by total number of jobs in 2005. This position has slipped behind between the years 2001 and 2005. In 2001, the Metropolitan Area was ranked 31 of 363 Counties.
In Charlotte, Retail Trade, Manufacturing, and the Accommodation and food services industries have the largest percent of jobs of all industries. The Retail Trade is the largest employment industry and makes up 12.7 percent of all the jobs in the Metropolitain Area. This makes up 86,022 jobs. The Manufacturing and Accommodation and food services sectors provide 12.3 and 9.2 percent of industry employment.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
In Charlotte, Finance and insurance, Information and Wholesale trade have the highest US LQ in 2005. The Finance and insurance sector has a United State LQ of 1.56. The percent of employment in the Finance and insurance sector is 1.56 times more than the average percent in the United States, revealing signs that Charlotte may be an exporter of products or services of Finance and insurance.
An industry with high wages in Charlotte is the finance and insurance industry with wages that annually pay $76,382. Locally, since the year 2001, the industry annual average pay has grown by 16.2 percent or $10,631. The State of North Carolina has a similar pattern in the finance and insurance sector, placing near the top of industries in term of the average annual pay of 2004.
Finance and insurance is the industry that has seen the largest increase in jobs from the year 2001 to the present in Charlotte, growing by 45.9 percent. This is greater than the United States change in the sector jobs of 4.8 percent. The State of North Carolina experienced a change in employment in the sector of 13.9 percent, during the period.
The Health care and social assistance has seen the largest decrease in industry presence in the Charlotte Metropolitan Area since 2001, going from making up 7 percent of employment in 2001 to 0 percent in the year 2005.
The Charlotte-Gastonia-Concord is the Metropolitain Area that is ranked 32 of 363 throughout the US by total number of jobs in 2005. This position has slipped behind between the years 2001 and 2005. In 2001, the Metropolitan Area was ranked 31 of 363 Counties.
In Charlotte, Retail Trade, Manufacturing, and the Accommodation and food services industries have the largest percent of jobs of all industries. The Retail Trade is the largest employment industry and makes up 12.7 percent of all the jobs in the Metropolitain Area. This makes up 86,022 jobs. The Manufacturing and Accommodation and food services sectors provide 12.3 and 9.2 percent of industry employment.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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