Charlotte-Gastonia-Concord One-Year Industry Employment Change

The Charlotte-Gastonia-Concord Metro Area: One-Year Percentage Decline in Employment

The Data processing and related services industry has seen the largest percentage drop in employment, losing 46.4 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has gone through in the North Carolina, where the industry reported a loss of 28 percent. The losses in the Data processing and related services industry in Charlotte-Gastonia-Concord outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 0.3 in percent of workers in the Data processing and related services industry.

Top 5 Industries
1. Data processing and related services (46.4 percent decline)
2. Glass and glass product manufacturing (37.7 percent decline)
3. Textile furnishings mills (32.4 percent decline)
4. Facilities support services (32.1 percent decline)
5. Resin, rubber, and artificial fibers mfg. (31.2 percent decline)

Employment for all industries has increased by 3.8 percent from 2005 (2nd Quarter). These figures are greater than growth in North Carolina, which saw a gain of 2.7 percent from the 2nd Quarter of 2005. The gains in the area were greater than than the gain felt at the national level of 2 percent.

The Charlotte-Gastonia-Concord Metro Area: One-Year Percentage Growth in Employment

The Postal service industry has witnessed the largest percentage of employment expansion, increasing by 507.7 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Charlotte-Gastonia-Concord has added employment faster than the industry has grown in the State of North Carolina, where this industry saw a gain of 54.7 percent. The Postal service industry in Charlotte-Gastonia-Concord outpaced the national average, which felt a gained 10.5 percent.

Top 5 Industries
1. Postal service (507.7 percent gain)
2. Other ground passenger transportation (140.7 percent gain)
3. Office furniture and fixtures manufacturing (65.2 percent gain)
4. Support activities for air transportation (62.3 percent gain)
5. Cutlery and handtool manufacturing (44.9 percent gain)

Total One-Year Employment Growth in the Charlotte-Gastonia-Concord Metro Area

Out of the 4-digit NAICS industries, the Depository credit intermediation industry has accounted the most employment growth with a total of 1,926 new jobs created in the period. The job growth in the Depository credit intermediation industry makes up 8.5 percent of the total growth in Charlotte-Gastonia-Concord.

Top 5 Industries
1. Depository credit intermediation (1,926 new jobs)
2. Building equipment contractors (1,825 new jobs)
3. Full-service restaurants (1,671 new jobs)
4. Limited-service eating places (1,504 new jobs)
5. Services to buildings and dwellings (1,447 new jobs)

In the Charlotte-Gastonia-Concord, NC-SC metro area, the total number of workers for all sectors has increased by 25,424 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Out of the 137 4-digit NAICS industries, 49 reported job growth in the duration of the year and 88 industry sectors reported declines during the time period.

Total One-Year Employment Decline in the Charlotte-Gastonia-Concord Metro Area

Given the industries in the area, the Data processing and related services industry experienced most substantial job loss, losing 5,325 jobs during the time period. The jobs lost in the Data processing and related services industry make up 46.2 percent of the employment lost during the period in Charlotte-Gastonia-Concord, NC-SC.

Top 5 Industries
1. Data processing and related services (5,325 jobs lost)
2. Scheduled air transportation (788 jobs lost)
3. Rubber product manufacturing (573 jobs lost)
4. Freight transportation arrangement (547 jobs lost)
5. Textile furnishings mills (503 jobs lost)





About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

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

Income and Poverty in Charlotte-Gastonia-Concord, NC-SC

The poverty rate in the Charlotte-Gastonia-Concord, NC-SC Metro has increased by 2.6 percent since the 2000 rates, moving from 9.3 percent to 11.9 percent.

Compared to other MSAs throughout the nation, the Charlotte-Gastonia-Concord metro area had a relatively high median income for households of $53,959 (Adjusted to 2005 Dollars). This figure is 15 percent higher than the median in State of North Carolina of $45,845 and the median is 8.9 percent higher than the median for the rest of the nation, which is a reported $49,133.

Black or African American headed households had median income levels that were 28.3 percent less than the total 2000 reported median, with a their median reported to be $38,664. It was reported in 2000 that the Asian headed households had median household incomes of $63,109. This income level is 17 percent greater than the all households reported median in the area. Hispanic headed households in Charlotte-Gastonia-Concord, NC-SC , according to the 2000 census, had a median household income of $43,619, this median household income is 19.2 percent less than the median reported for all households in the area. The American Indian and Alaska Native households in Charlotte-Gastonia-Concord reported a median household income of $44,241, which was 18 percent less than the areas median level for all households. In Charlotte-Gastonia-Concord, NC-SC White headed households reported household income (in 2005 Dollars) of $58,913 as reported by the Decennial Census of 2000, which was 9.2 percent greater than the median in 2000.

As the median household income witnessed a decline during the period of 2000 to 2005 in the Charlotte-Gastonia-Concord, NC-SC metro area, the Race/Ethnicity category that saw the sharpest decline in the household income level was the Hispanic Race/Ethnicity category. This category went through a decline of 38.4 percent in the last five years. The Asian population category was least influenced by the median household income decline in Charlotte-Gastonia-Concord, experiencing a 35.4 percent increase in household income level, since the year 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Charlotte-Gastonia-Concord metro area can be recognized as having a rate of poverty among the people, accounting a rate of 9.3 percent of people living in a family with an income below the poverty level in 1999. The Hispanic race/ethnicity population cohort, has the uppermost poverty rate with 24.1 percent of the people in 2000 living in poverty. The population that is aged 5 years have the largest percent of population in poverty in Charlotte-Gastonia-Concord, having 14.1 percent of this age group in the area living in poverty.

The household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $47,104, representing a 12.7 percent decline. The Charlotte-Gastonia-Concord, NC-SC MSA, in terms of percentage of decline, ranks 6 of 10 metro area in percent of decline for household income in North Carolina. Charlotte-Gastonia-Concord ranks 45 of 233 metro area when comparing total percent of decline in median income in the US.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.