Sunday, February 11, 2007

Winston-Salem Five-Year Industry Employment Change

In the Winston-Salem, NC metro area, the entire sum of jobs in all of the industries has increased by 567 total jobs from 2001 to 2006.

Given the 33 industries with industry data reported by the BLS in each quarter, 15 accounted an for increase in employment during the period and 18 industries reported employment loss in the period.

Total Five-Year Employment Growth in the Winston-Salem Metro Area

The Limited-service eating places industry has brought the most jobs with a total of 1,937 new jobs created in the period. The job growth in the Limited-service eating places industry makes up 31.3 percent of the total number of new jobs in Winston-Salem.

Top 5 Industries
1. Limited-service eating places (1,937 new jobs)
2. Offices of physicians (1,006 new jobs)
3. Other general merchandise stores (887 new jobs)
4. Full-service restaurants (722 new jobs)
5. Services to buildings and dwellings (413 new jobs)

Total Five-Year Employment Decline in the Winston-Salem Metro Area

Of the area's industries (4-digit NAICS), the Accounting and bookkeeping services industry faced the greatest employment loss with a total loss of 650 jobs during the time period. The jobs lost in the Accounting and bookkeeping services industry make up 26.5 percent of the total employment decline in Winston-Salem, NC.

Top 5 Industries
1. Accounting and bookkeeping services (650 jobs lost)
2. Printing and related support activities (332 jobs lost)
3. Department stores (280 jobs lost)
4. Architectural and engineering services (219 jobs lost)
5. Building equipment contractors (178 jobs lost)

Total employment has increased by 0.3 percent since the 2nd Quarter figures of 2001. This change is less than growth in the State of North Carolina, experiencing a gain of 1.9 percent from 2001 (2nd Quarter). The gains felt were less than than the gain seen for the United States of 2.6 percent.

The Winston-Salem Metro Area: Five-Year Percentage Decline in Employment

The Accounting and bookkeeping services industry has lost the biggest percent of jobs, losing 50.8 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of North Carolina, where the industry felt a loss of 7.1 percent. The losses in the Accounting and bookkeeping services industry in Winston-Salem outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 0.2 percent in terms of employment in the Accounting and bookkeeping services industry.

Top 5 Industries
1. Accounting and bookkeeping services (50.8 percent decline)
2. Technical and trade schools (38 percent decline)
3. Soap, cleaning compound, and toiletry mfg. (34.7 percent decline)
4. Specialized freight trucking (26.3 percent decline)
5. Architectural and engineering services (24.1 percent decline)

The Winston-Salem Metro Area: Five-Year Percentage Growth in Employment

The Other textile product mills industry has witnessed the largest percentage of employment expansion, increasing by 116.9 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Winston-Salem has increased employment faster than the industry job growth experienced in North Carolina, where this industry saw a loss of 30.6 percent. The Other textile product mills industry in Winston-Salem outpaced the national average, which felt a lost 15.8 percent of the employment in this industry.

Top 5 Industries
1. Other textile product mills (116.9 percent gain)
2. Other ambulatory health care services (49.3 percent gain)
3. Other general merchandise stores (44.8 percent gain)
4. Chemical merchant wholesalers (43.0 percent gain)
5. Limited-service eating places (37.1 percent gain)

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