1-Year Industry Employment Change in Rocky Mount, NC

Total 1-Year Employment Decline in the Rocky Mount Metro Area

From of the area's 4-digit NAICS industries, the Depository credit intermediation industry faced the greatest employment loss with a total loss of 1,034 jobs in that time period. The declines in the Depository credit intermediation industry make up 44.3 percent of the total employment decline in Rocky Mount, NC.

Top 5 Industries
1. Depository credit intermediation (1,034 jobs lost)
2. Nonresidential building construction (255 jobs lost)
3. Home health care services (231 jobs lost)
4. Nursing care facilities (169 jobs lost)
5. Full-service restaurants (127 jobs lost)

From the 69 industries with industry data reported by the BLS in each quarter, 36 described an expansion of jobs throughout the time period, while 33 industry sectors accounting for employment declines during that time period.

In the Rocky Mount, NC metro area, the aggregate employment for all industry sectors has increased by 209 jobs from mid-2005 to mid-2006.

Total 1-Year Employment Growth in the Rocky Mount Metro Area

From the industries (4-digit NAICS) in the area, the Building equipment contractors industry has accounted the most employment growth with a total of 140 new jobs created in the period. The job growth in the Building equipment contractors industry makes up 15.3 percent of the growth in Rocky Mount.

Top 5 Industries
1. Building equipment contractors (140 new jobs)
2. Limited-service eating places (120 new jobs)
3. Electronic markets and agents and brokers (95 new jobs)
4. Other schools and instruction (67 new jobs)
5. Vegetable and melon farming (67 new jobs)

The Rocky Mount Metro Area: 1-Year Percentage Growth in Employment

The Other schools and instruction industry has experienced the largest percentage growth, expanding by 301.5 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Rocky Mount has added employment faster than the overall industry growth seen in the State of North Carolina, where this industry saw a gain of 14.3 percent. The Other schools and instruction industry in Rocky Mount outpaced the US in terms of percent growth of industry employment. During this period, the US gained 5.7 percent of the employment in this industry.

Top 5 Industries
1. Other schools and instruction (301.5 percent gain)
2. Other residential care facilities (63.2 percent gain)
3. Electronic markets and agents and brokers (45.8 percent gain)
4. Business support services (24.4 percent gain)
5. Activities related to real estate (23.0 percent gain)

The Rocky Mount Metro Area: 1-Year Percentage Decline in Employment

The Depository credit intermediation industry has seen the largest percentage drop in employment, losing 66.5 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 sector experienced a gain of 3.4 percent. The losses in the Depository credit intermediation industry in Rocky Mount outpaced the United States industry losses overall. During this period, the United States gained 2 percent in terms of employment in the Depository credit intermediation industry.

Top 5 Industries
1. Depository credit intermediation (66.5 percent decline)
2. Nonresidential building construction (35.4 percent decline)
3. Motor vehicle and parts merchant wholesalers (33.5 percent decline)
4. Jewelry, luggage, and leather goods stores (30.4 percent decline)
5. Offices of real estate agents and brokers (26.3 percent decline)

Total industry employment has increased by 0.4 percent from 2005 (2nd Quarter). These figures are less than percent in the State of North Carolina, which saw a gain of 2.7 percent from the 2nd Quarter of 2005. The gains in the area were less than than the gain felt at the national level of 2 percent.

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).

Income and Poverty in Rocky Mount, NC

Compared to Metro Areas across the United States, the Rocky Mount metro area reported a relatively low household income of $40,710 (Adjusted to 2005 Dollars). This is 12.6 percent lower than the median in State of North Carolina of $45,845 and the median is 20.7 percent lower than the median in the US, which is $49,133.

The median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $33,870, posting a 16.8 percent decline. The Rocky Mount, NC MSA, when comparing total percent of decline, ranks 3 of 10 metro area in percent of decline for household income in North Carolina. Rocky Mount ranks 16 of 233 metro area in terms of the decline in household income across the nation.

The poverty rate in the Rocky Mount, NC Metro has increased by 5.9 percent since the amount published in 2000, moving from 15.8 percent to 21.7 percent.

When compared to other Metro Areas across the United States, the Rocky Mount metro area can be recognized as having a relatively high poverty rate amid the residents with a poverty rate of 15.8 percent with a family income under the 1999 poverty level. The Hispanic race/ethnicity population cohort, has the uppermost poverty rate with 33.8 percent of the population in 2000 living in poverty. Individuals aged 5 years are experiencing most percent people in poverty in Rocky Mount, with 24.1 percent of this demographic group living with incomes under poverty.

Hispanic Householders in Rocky Mount, NC , according to the 2000 census, had a median household income of $31,427, this median household income is 22.8 percent less than the reported median household income for all households in the area. According to the 2000 Census, the Asian headed households in the area have median household incomes of $50,997. This median is 25.3 percent greater than the reported median household income, in the area, for all households. The American Indian and Alaska Native households in Rocky Mount reported an income level of $44,606, this level was 9.6 percent greater than the median income level in this area. In Rocky Mount, NC White householders had a median income (2005 Dollars) of $48,975 as reported by the Decennial Census of 2000, which was 20.3 percent greater than the median income in 2000. Black or African American householders reported a median household income that was 24.4 percent less than the overall reported level in 2000, with a reported median of $30,790.

As the median household income witnessed a decline since 2000 in the Rocky Mount, NC metro area, the Race/Ethnicity category that felt the biggest decline in median income was the Hispanic category. This category saw a decline of 14.1 percent since the year 2000. The Hispanic Race/Ethnicity category has been least effected by the income level decline in Rocky Mount, encountering a 14.1 percent decline in median income, since the values reporting the 2000 Decennial Census.

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