Wednesday, January 24, 2007

Wilmington One-Year Industry Employment Change

In the Wilmington, NC metro area, the total number of workers for all sectors has increased by 5,851 jobs from mid-2005 to mid-2006.

Given the 85 4-digit NAICS industries, 23 showed an escalation in the number employed, while 62 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Decline in the Wilmington Metro Area

From of the area's 4-digit NAICS industries, the Building foundation and exterior contractors industry has lost the most employment with a total loss of 262 jobs in that time period. The declines in the Building foundation and exterior contractors industry make up 29.3 percent of the jobs lost during the period in Wilmington, NC.

Top 5 Industries
1. Building foundation and exterior contractors (262 jobs lost)
2. Nonresidential building construction (129 jobs lost)
3. Medical and diagnostic laboratories (115 jobs lost)
4. Lawn and garden equipment and supplies stores (96 jobs lost)
5. Machinery and equipment rental and leasing (58 jobs lost)

Total One-Year Employment Growth in the Wilmington Metro Area

Of the industries (4-digit NAICS) in the area, the Building finishing contractors industry has added the most employment with 863 employees finding new jobs in the industry. The employment growth in the Building finishing contractors industry makes up 15.7 percent of the growth in Wilmington.

Top 5 Industries
1. Building finishing contractors (863 new jobs)
2. Building equipment contractors (475 new jobs)
3. Full-service restaurants (422 new jobs)
4. Services to buildings and dwellings (293 new jobs)
5. Offices of physicians (281 new jobs)

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

The Scenic and sightseeing transportation, land industry has gone through the largest job growth by percent, increasing by 168.8 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Wilmington has grow faster than the industry has grown in the State of North Carolina, where it saw a gain of 6.6 percent. The Scenic and sightseeing transportation, land industry in Wilmington outpaced the US in terms of percent growth of industry employment. During this period, the US gained 4.6 percent of the employment in this industry.

Top 5 Industries
1. Scenic and sightseeing transportation, land (168.8 percent gain)
2. Building finishing contractors (71.0 percent gain)
3. Vending machine operators (62.1 percent gain)
4. Metalworking machinery manufacturing (47.5 percent gain)
5. Telecommunications resellers (47.2 percent gain)

Employment for all industries has increased by 5.4 percent since the 2nd Quarter figures of 2005. This change is greater than growth in the State of North Carolina, which experienced a gain of 2.7 percent since the 2nd Quarter of 2005. The gains were greater than than the gain seen for the United States of 2 percent.

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

The Office furniture and fixtures manufacturing industry has lost the largest amount of employment in terms of percentage, losing 50 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has gone through in the North Carolina, where the industry sector experienced a gain of 3 percent. The losses in the Office furniture and fixtures manufacturing industry in Wilmington outpaced the US in terms of percent of decline of industry employment. The US gained 0.7 percent in terms of employment in the Office furniture and fixtures manufacturing industry.

Top 5 Industries
1. Office furniture and fixtures manufacturing (50 percent decline)
2. Medical and diagnostic laboratories (47.1 percent decline)
3. Textile and fabric finishing mills (37.9 percent decline)
4. Machinery and equipment rental and leasing (36.7 percent decline)
5. Lawn and garden equipment and supplies stores (36.4 percent decline)





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 Wilmington, NC

Compared to Metro Areas across the United States, the Wilmington metro area reported a medium-high median income for all households of $45,199 (Adjusted to 2005 Dollars). This figure is 1.4 percent lower than the household income median in State of &statename of $45,845 and the median household income is 8.7 percent lower than the median household income in the United States of $49,133.

The poverty rate in the Wilmington, NC Metro has increased by 0.2 percent from the rates reported in the Decennial Census, moving from 12.9 percent to 13.1 percent.

As the median income level saw a decline from 2000 to 2005 in the Wilmington, NC metro area, the Race/Ethnicity group that experienced the largest decline in median household income was the Hispanic category. This group felt a decline of 24.9 percent from 2000 to 2005. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income decline in Wilmington, experiencing a 40.4 percent increase in median household income from 2000 to 2005.

Black or African American householders reported household income levels that were 34.7 percent less than the total 2000 reported median, with a their median reported to be $29,524. Hispanic headed households in Wilmington, NC reported a median household income of $39,261, this median is 13.1 percent less than reported value of the areas total household median income for all households. It was reported in 2000 that the Asian headed households had median household incomes of $50,352. This median income level is 11.4 percent greater than the all households reported median in the area. In Wilmington, NC White headed households reported a median household income (2005 Dollars) of $48,284 according to the Decennial Census of 2000, which was 6.8 percent greater than the median in the year 2000. The households that were headed by an American Indian and Alaska Native individual in Wilmington had a median income of $40,887, this median was 9.5 percent less than the median for all households.

Contrasted against to other Metropolitan Areas throughout the US, the Wilmington metro area can be recognized as having a medium-high rate of poverty among its population, accounting a 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 category, holds the highest rate of poverty with 27.1 percent of the 2000 population living in poverty. People that are of the age Under 5 years are experiencing most percent people in poverty in Wilmington, with 19.4 percent of the population in this age category living in poverty.

The median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $41,000, which amounts to a 9.3 percent decline. The Wilmington, NC MSA, when comparing total percent of decline, ranks 9 of 10 metro area in percent of decline for income levels in the State of &statename. Wilmington ranks 94 of 233 metro area when comparing the decline in household income across the nation.

 

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