Wednesday, January 24, 2007

Jacksonville One-Year Industry Employment Change

In the Jacksonville, NC metro area, the aggregate employment for all industry sectors has increased by 1,601 jobs between mid-2005 and mid-2006.

Of the 99 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 37 described an expansion of jobs throughout the time period, while 59 industry sectors reported declines during the time period.

Total One-Year Employment Growth in the Jacksonville Metro Area

Out of the 4-digit NAICS industries, the Management and technical consulting services industry has grown the most with 360 new jobs created in the period. The job growth in the Management and technical consulting services industry makes up 21.3 percent of the total employment growth in Jacksonville.

Top 5 Industries
1. Management and technical consulting services (360 new jobs)
2. Building foundation and exterior contractors (236 new jobs)
3. Full-service restaurants (167 new jobs)
4. Building finishing contractors (88 new jobs)
5. Management of companies and enterprises (77 new jobs)

Total One-Year Employment Decline in the Jacksonville Metro Area

Of the area's industries (4-digit NAICS), the Nonresidential building construction industry witnessed the largest drop in employment, losing a total of 58 jobs. The declines in the Nonresidential building construction industry make up 16.5 percent of the total employment decline in Jacksonville, NC.

Top 5 Industries
1. Nonresidential building construction (58 jobs lost)
2. Grocery stores (31 jobs lost)
3. Building equipment contractors (30 jobs lost)
4. Drinking places, alcoholic beverages (18 jobs lost)
5. Investigation and security services (16 jobs lost)

The Jacksonville Metro Area: One-Year Percentage Decline in Employment

The Electronic equipment repair and maintenance industry has lost the largest amount of employment in terms of percentage, losing 33.3 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the North Carolina, where the industry reported a loss of 6.7 percent. The losses in the Electronic equipment repair and maintenance industry in Jacksonville outpaced the US in terms of percent of decline of industry employment. The US lost 0.4 in percent of workers in the Electronic equipment repair and maintenance industry.

Top 5 Industries
1. Electronic equipment repair and maintenance (33.3 percent decline)
2. Lawn and garden equipment and supplies stores (28.7 percent decline)
3. Other crop farming (25.6 percent decline)
4. Grocery and Related Product Wholesalers (23.5 percent decline)
5. Nonresidential building construction (23.4 percent decline)

Total employment has increased by 5.6 percent from the reported values in 2005. These values are greater than growth in North Carolina, which went through a gain of 2.7 percent from the 2nd Quarter of 2005. The gains were greater than than the gain felt at the national level of 2 percent.

The Jacksonville Metro Area: One-Year Percentage Growth in Employment

The Management and technical consulting services industry has gone through the largest job growth by percent, increasing by 719.3 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Jacksonville has expanded faster than the growth seen in the industry for North Carolina, where the industry took a gain of 11.2 percent. The Management and technical consulting services industry in Jacksonville outpaced the national average, which felt a gained 9.5 percent of the employment in this industry.

Top 5 Industries
1. Management and technical consulting services (719.3 percent gain)
2. Home furnishings stores (109.7 percent gain)
3. Wireless telecommunications carriers (58.6 percent gain)
4. Misc. nondurable goods merchant wholesalers (51.6 percent gain)
5. Building foundation and exterior contractors (43.1 percent gain)





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.

Thursday, January 11, 2007

Income and Poverty in Jacksonville, NC

The areas median household income has increased from the inflation-adjusted values in 2000. The income level has increased to $41,242, which represents a 4.4 percent growth. The Jacksonville, NC MSA, when analyzing percentage of growth, ranks 8 of 28 metro area in percent of growth for the household income level in the State of North Carolina. Jacksonville ranks 8 of 28 metro area when comparing the growth in median household income in the United States.

When put side-by-side with other Metros throughout the United States, the Jacksonville metro area can be understood to have a medium-high poverty rate amongst the population, with a poverty rate of 12.9 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 21.7 percent of the 2000 population living in poverty. People that are of the age 75 years and over are witness to the most percent living in poverty in Jacksonville, accounting 23.5 percent of this age cohort living in poverty.

The Asian headed households reported median household incomes of $29,175. This median is 26.1 percent less than the all households reported median in the area. Black or African American headed households had median income levels that were 18.7 percent less than the overall median reported in 2000, with a reported median of $32,105. The American Indian and Alaska Native householders in Jacksonville reported a median household income of $40,658, this level was 2.9 percent greater than the areas median level for all households. In Jacksonville, NC White householders had a median income (2005 Dollars) of $42,063 as reported in 2000 by the census, which was 6.5 percent greater than the median income in 2000. Hispanic Householders in Jacksonville, NC reported a median household income of $34,640, this median household income is 12.3 percent less than reported value of the areas total household median income for all households.

The poverty rate in the Jacksonville, NC Metro has increased by 5.3 percent from the levels reported in the Decennial Census of 2000, moving from 12.9 percent to 18.2 percent.

When compared to other Metro Areas throughout the United States, the Jacksonville metro area accounted a relatively low median income for households of $39,495 (2005 Dollars). This median is 16.1 percent lower than the median in State of North Carolina of $45,845 and the median household income is 24.4 percent lower than the median household income in the United States of $49,133.

While household income level experienced a growth from 2000 to 2005 in the Jacksonville, NC metro area, the Race/Ethnicity group that went through the most dramatic growth in household income was the Asian category. This category saw an increase of 62 percent since the year 2000. The Hispanic Race/Ethnicity group has been least impacted by the median income growth in Jacksonville, undergoing a 26.4 percent decline in household income, since the reported levels in 2000.

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

 

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