Raleigh-Cary One-Year Industry Employment Change

The Raleigh-Cary Metro Area: One-Year Percentage Growth in Employment

The Motor vehicle body and trailer manufacturing industry has seen the largest percentage job growth, expanding by 120.4 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Raleigh-Cary has added employment faster than the industry job growth experienced in North Carolina, where the industry felt a gain of 1.3 percent. The Motor vehicle body and trailer manufacturing industry in Raleigh-Cary outpaced the nation in terms of industry employment growth . During this period, the nation gained 4.9 percent of the employment in this industry.

Top 5 Industries
1. Motor vehicle body and trailer manufacturing (120.4 percent gain)
2. Religious organizations (112.0 percent gain)
3. Other ground passenger transportation (97.2 percent gain)
4. Unclassified (39.9 percent gain)
5. Cattle ranching and farming (36.4 percent gain)

The total number of jobs has increased by 5.4 percent from 2005 (2nd Quarter). These figures are greater than growth in North Carolina, which went through a gain of 2.7 percent since the 2nd Quarter of 2005. The gains were greater than than the gain experienced overall in the US of 2 percent.

The Raleigh-Cary Metro Area: One-Year Percentage Decline in Employment

The Sound recording industries industry has lost the biggest percent of jobs, losing 69.2 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 felt a loss of 11.3 percent. The losses in the Sound recording industries industry in Raleigh-Cary outpaced the US in terms of percent of decline of industry employment. The US lost 1.3 in percent of workers in the Sound recording industries industry.

Top 5 Industries
1. Sound recording industries (69.2 percent decline)
2. Wireless telecommunications carriers (21.4 percent decline)
3. Paper and paper product merchant wholesalers (21.2 percent decline)
4. Semiconductor and electronic component mfg. (19.4 percent decline)
5. Motor vehicle manufacturing (16.4 percent decline)

Total One-Year Employment Decline in the Raleigh-Cary Metro Area

The Semiconductor and electronic component mfg. industry witnessed the largest drop in employment, losing a total of 288 jobs. The declines in the Semiconductor and electronic component mfg. industry make up 18.1 percent of the employment lost during the period in Raleigh-Cary, NC.

Top 5 Industries
1. Semiconductor and electronic component mfg. (288 jobs lost)
2. Wireless telecommunications carriers (286 jobs lost)
3. Special food services (160 jobs lost)
4. Highway, street, and bridge construction (126 jobs lost)
5. Consumer goods rental (125 jobs lost)

In the Raleigh-Cary, NC metro area, the entire sum of jobs in all of the industries has increased by 20,059 jobs from mid-2005 to mid-2006.

Given the 102 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 25 showed an escalation in the number employed, while 76 industries reported employment loss in the period.

Total One-Year Employment Growth in the Raleigh-Cary Metro Area

From the industries (4-digit NAICS) in the area, the Limited-service eating places industry has accounted the most employment growth with a total of 1,017 new jobs created in the period. The job growth in the Limited-service eating places industry makes up 6.8 percent of the growth in Raleigh-Cary.

Top 5 Industries
1. Limited-service eating places (1,017 new jobs)
2. Building equipment contractors (969 new jobs)
3. Services to buildings and dwellings (948 new jobs)
4. Employment services (703 new jobs)
5. Architectural and engineering services (697 new jobs)





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 Raleigh-Cary, NC

When put side-by-side with other Metros throughout the United States, the Raleigh-Cary metro area can be understood to have a poverty rate amongst the population, with a poverty rate of 8.2 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 16 percent of the people in 2000 living in poverty. The population that is aged Under 5 years are witness to the most percent living in poverty in Raleigh-Cary, accounting 17.4 percent of this age cohort living in poverty.

The median household income has increased sharply from the inflation-adjusted 2000 income levels. The income level has increased to $53,216, which amounts to a 25 percent growth. The Raleigh-Cary, NC MSA, in terms of percentage of growth, ranks 3 of 17 metro area in percent of growth for household income in North Carolina. Raleigh-Cary ranks 115 of 233 metro area when comparing total percent of growth in household income across the nation.

As the median household income witnessed a growth during the period of 2000 to 2005 in the Raleigh-Cary, NC metro area, the Race/Ethnicity group that experienced the largest growth in median income was the category. This group felt an of . percent from 2000 to 2005. The Race/Ethnicity category has been least effected by the income level growth in Raleigh-Cary, seeing a . percent in household income level, since the year 2005.

The poverty rate in the Raleigh-Cary, NC Metro has increased by 2.6 percent from the levels reported in the Decennial Census of 2000, moving from 8.2 percent to 10.8 percent.

Hispanic households in Raleigh-Cary, NC recorded a median income of $40,015, this median is 6 percent less than the reported median household income for all households in the area. The American Indian and Alaska Native households in Raleigh-Cary reported an income level of $28,913, this level was 32.1 percent less than the median level for total households in the area. In Raleigh-Cary, NC White householders had a median income (2005 Dollars) of $42,948 according to the Decennial Census of 2000, which was 0.9 percent greater than the median in 2000. The Asian headed households reported median household incomes of $71,370. This median income level is 67.7 percent greater than the reported median for all households in the area. Black or African American headed households had median income levels that were 14.6 percent less than the overall reported level in 2000, with a reported median of $36,365.

When analyzed against other Metropolitan Statistical Areas in the US, the Raleigh-Cary metro area accounted a medium-low median income for all households of $42,563 (2005 Dollars). This median is 7.7 percent lower than the median in North Carolina of $45,845 and the median household income is 15.4 percent lower than the median in the US, which is $49,133.

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