Monday, October 30, 2006

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

In Madison County, Manufacturing, Retail Trade, and the Accommodation and food services sectors are the largest industries, in terms of total number of jobs in 2005. The Manufacturing provides the most jobs and contributes 15.2 percent of all the jobs in the county. This makes up 475 people employed. The Retail Trade and Accommodation and food services sectors account for 10 and 9.2 percent of all employment.

Other services, except public administration has grown in employment, since the year 2001, more than any other industry in Madison County, increasing by 15.6 percent. This is greater than the United States change in the sector jobs of 2.8 percent. The State of North Carolina experienced a sector employment shift of 0 percent, in the last 5 years.

In Madison County, Arts, entertainment, and recreation, Manufacturing and Construction are the three industries with the highest location quotients. The Arts, entertainment, and recreation industry has a US LQ in the county of 2.53. The percent of employment in the Arts, entertainment, and recreation sector is 2.53 times more than the average percent in the United States, revealing signs that Madison may be an exporter of products or services of Arts, entertainment, and recreation.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in Madison County. The industry was hit with a loss of 287 employees during the period, or 37.7 percent of industry's employment. The industry declines made up 51.1 percent of the total jobs loss in the County.

The Manufacturing sector has decreased the most in local industry presence in Madison County, since the year 2001, moving from making up 23.4 percent of total employment for the year 2001 to 15.2 percent of total employment in the year 2005.

Manufacturing is the industry with the largest establishments in Madison County. The industry averages 26 workers per each place of employment, being less than the industry's national average of 39 and less than the State of North Carolina average establishment size of 53 for the Manufacturing industry.





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

 

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