Employment Report for Winston, North Carolina -- Annual 2005 Industry Summary
The Winston-Salem Metropolitan Area is ranked at 94 of 363 throughout the US in terms of total 2005 employment. The regions employment ranking has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 91 of 363 Counties.
A top paying industry in Winston is the finance and insurance industry with an average annual wage of $61,601. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 15.4 percent or $8,203. The State of North Carolina reflects a similar pattern in the finance and insurance industry, ranking near the top of sectors by 2004 industry pay.
In Winston, Manufacturing, Retail Trade, and the Accommodation and food services sectors, in terms of total employment, are the largest. Manufacturing is the major employer in the Metropolitan Area making up 17.1 percent of all the jobs in the Metropolitain Area. This makes up 31,697 people employed. The Retail Trade and Accommodation and food services sectors account for 12.8 and 8.9 percent of total employment, respectively.
Accommodation and food services has seen the highest growth in employment from the years 2001-2005 in Winston, increasing by 11.9 percent. This is greater than the change of total jobs in the industry for the United States of 7.6 percent. The State of North Carolina experienced a sector employment shift of 11.6 percent, during the period of 2001 to 2005.
Manufacturing is the industry with the largest establishments in Winston Metropolitan Area (MSA), averaging 62 jobs per establishment, which is greater than the US industry average of 39 and greater than the State of North Carolina typical size of 53 for the Manufacturing industry.
In Winston, Manufacturing, Transportation and Warehousing and Management of companies and enterprises industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing sector in the county has a location quotient of 1.34. The level of employment in the Manufacturing industry is 1.34 times more than the average percent in the United States, revealing signs that Winston may be an exporter of products or services of Manufacturing.
Manufacturing since the year 2001 lost the most jobs in the Winston Metropolitan Area. The industry was hit with a loss of 5,972 jobs during the period, or 15.9 percent of jobs in the industry. The losses in this industry made up 57.4 percent of all employment losses in the Metro Area.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
A top paying industry in Winston is the finance and insurance industry with an average annual wage of $61,601. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 15.4 percent or $8,203. The State of North Carolina reflects a similar pattern in the finance and insurance industry, ranking near the top of sectors by 2004 industry pay.
In Winston, Manufacturing, Retail Trade, and the Accommodation and food services sectors, in terms of total employment, are the largest. Manufacturing is the major employer in the Metropolitan Area making up 17.1 percent of all the jobs in the Metropolitain Area. This makes up 31,697 people employed. The Retail Trade and Accommodation and food services sectors account for 12.8 and 8.9 percent of total employment, respectively.
Accommodation and food services has seen the highest growth in employment from the years 2001-2005 in Winston, increasing by 11.9 percent. This is greater than the change of total jobs in the industry for the United States of 7.6 percent. The State of North Carolina experienced a sector employment shift of 11.6 percent, during the period of 2001 to 2005.
Manufacturing is the industry with the largest establishments in Winston Metropolitan Area (MSA), averaging 62 jobs per establishment, which is greater than the US industry average of 39 and greater than the State of North Carolina typical size of 53 for the Manufacturing industry.
In Winston, Manufacturing, Transportation and Warehousing and Management of companies and enterprises industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing sector in the county has a location quotient of 1.34. The level of employment in the Manufacturing industry is 1.34 times more than the average percent in the United States, revealing signs that Winston may be an exporter of products or services of Manufacturing.
Manufacturing since the year 2001 lost the most jobs in the Winston Metropolitan Area. The industry was hit with a loss of 5,972 jobs during the period, or 15.9 percent of jobs in the industry. The losses in this industry made up 57.4 percent of all employment losses in the Metro Area.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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