Winston-Salem One-Year Industry Employment Change

The Winston-Salem Metro Area: One-Year Percentage Decline in Employment

The Used merchandise stores industry has lost the largest amount of employment in terms of percentage, losing 61.8 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of North Carolina, where the industry sector experienced a loss of 1.8 percent. The losses in the Used merchandise stores industry in Winston-Salem outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 0.4 in percent of workers in the Used merchandise stores industry.

Top 5 Industries
1. Used merchandise stores (61.8 percent decline)
2. Technical and trade schools (36.2 percent decline)
3. Other crop farming (36 percent decline)
4. Other residential care facilities (35.7 percent decline)
5. Cattle ranching and farming (33.3 percent decline)

The Winston-Salem Metro Area: One-Year Percentage Growth in Employment

The Plastics product manufacturing industry has experienced the largest percentage growth, expanding by 64.7 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Winston-Salem has added employment faster than the overall industry growth seen in the State of North Carolina, where it saw a gain of 13.6 percent. The Plastics product manufacturing industry in Winston-Salem outpaced the nation in terms of industry employment growth . During this period, the nation gained 1 percent in this industry.

Top 5 Industries
1. Plastics product manufacturing (64.7 percent gain)
2. Unclassified (57.6 percent gain)
3. Individual and family services (45.0 percent gain)
4. Fiber, yarn, and thread mills (40.3 percent gain)
5. Support activities for crop production (35.4 percent gain)

Total industry employment has increased by 1.7 percent since the 2nd Quarter of 2005. This is 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 reported at the US level of 2 percent.

Total One-Year Employment Decline in the Winston-Salem Metro Area

The Insurance carriers industry experienced most substantial job loss, losing 458 jobs. The declines in the Insurance carriers industry make up 24.0 percent of the employment lost during the period in Winston-Salem, NC.

Top 5 Industries
1. Insurance carriers (458 jobs lost)
2. Gasoline stations (247 jobs lost)
3. Used merchandise stores (239 jobs lost)
4. Other residential care facilities (202 jobs lost)
5. Household and institutional furniture mfg. (110 jobs lost)

Out of the 89 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 35 showed an escalation in the number employed, while 54 industries reported employment loss in the period.

In the Winston-Salem, NC metro area, the entire sum of jobs in all of the industries has increased by 3,131 total jobs from 2005 to 2006.

Total One-Year Employment Growth in the Winston-Salem Metro Area

From the industries (4-digit NAICS) in the area, the Employment services industry has accounted the most employment growth with a total of 889 new jobs created in the period. The job growth in the Employment services industry makes up 15.3 percent of the growth in Winston-Salem.

Top 5 Industries
1. Employment services (889 new jobs)
2. Fiber, yarn, and thread mills (611 new jobs)
3. Plastics product manufacturing (607 new jobs)
4. Home health care services (527 new jobs)
5. Individual and family services (429 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 Winston-Salem, NC

The median household income in the area has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $42,444, representing a 6.1 percent decline. The Winston-Salem, NC MSA, when comparing total percent of decline, ranks 9 of 10 metro area in percent of decline for the household income level in the State of North Carolina. Winston-Salem ranks 94 of 233 metro area in terms of the decline in household income across the nation.

As the median income level saw a decline in the last five year in the Winston-Salem, NC metro area, the Race/Ethnicity category that felt the biggest decline in household income was the Race/Ethnicity category. This category went through a of . percent since the year 2000. The population category was least influenced by the median household income decline in Winston-Salem, undergoing a . percent in median income, since the values reporting the 2000 Decennial Census.

The poverty rate in the Winston-Salem, NC Metro has increased by 1.0 percent from the rates reported in the Decennial Census, moving from 12.9 percent to 13.9 percent.

When compared to other Metro Areas across the United States, the Winston-Salem metro area may be understood as having a medium-high rate of poverty among the people, 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 cohort, has the uppermost poverty rate with 27.1 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the most percent of people living in poverty in Winston-Salem, with 19.4 percent of the population in this age category living in poverty.

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

Compared to Metro Areas across the United States, the Winston-Salem metro area was reported to have a medium-high median income for all households of $45,199 (Adjusted to 2005 Dollars). This is 1.4 percent lower than the median in North Carolina of $45,845 and the median household income is 8.7 percent lower than the median household income level in the US of $49,133.

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