Monday, October 30, 2006

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

Management of companies and enterprises has a largest number of employee per establishment in Mecklenburg County, averaging 73 employees per business. This is greater than the industry's average at the national level of 40 and greater than the State of North Carolina average establishment size of 50 for the Management of companies and enterprises industry.

The Transportation and Warehousing industry has decreased the most in industries presence in Mecklenburg County, from the year 2001 to 2005, accounting for 5.8 percent of total employment for the year 2001 to 0 percent of total employment in the year 2005.

In Mecklenburg County, Management of companies and enterprises, Finance and insurance and Information industries, in terms of United States location quotient, are the most dominant in the region. The Management of companies and enterprises sector has a United State LQ of 2.71. This means the percent of total employment in the Management of companies and enterprises industry is 2.71 times greater than the national average, signifying that Mecklenburg County may specialize, or be an exporter of Management of companies and enterprises.

In Mecklenburg County, Retail Trade, Finance and insurance, and the Accommodation and food services sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade produces the largest number of jobs in the area accounting for 11.6 percent of all the jobs in the county. This makes up 53,805 individuals. The Finance and insurance and Accommodation and food services sectors provide 10.9 and 8.9 percent of industry employment.

Finance and insurance has had the highest level of job growth from 2001-2005 in Mecklenburg County, growing in new jobs by 46.2 percent. This is greater than the United States industry change in employment of 4.8 percent. The State of North Carolina saw a change in employment in the sector of 13.9 percent, since the year 2001.







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

 

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