Tuesday, February 27, 2007

Charlotte-Gastonia-Concord Metro Area Industry Wages Exceed North Carolina, but Wages Lag Behind the United States Industry Wages


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The average total wages in all industries in Charlotte-Gastonia-Concord, NC-SC can be described as relatively high when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 15.5 percent higher than the state, which accounted an average of $35,650. The average pay was less than the US average pay of $40,259.

About: These facts are part of 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.

Sunday, February 11, 2007

Charlotte-Gastonia-Concord Five-Year Industry Employment Change

In the Charlotte-Gastonia-Concord, NC-SC metro area, the aggregate employment for all industry sectors has increased by 28,608 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Decline in the Charlotte-Gastonia-Concord Metro Area

From of the area's 4-digit NAICS industries, the Electric goods merchant wholesalers industry faced the greatest employment loss with a total loss of 793 jobs during the period. The employment lost in the Electric goods merchant wholesalers industry make up 39.5 percent of the jobs lost during the period in Charlotte-Gastonia-Concord, NC-SC.

Top 5 Industries
1. Electric goods merchant wholesalers (793 jobs lost)
2. General freight trucking (422 jobs lost)
3. Petroleum merchant wholesalers (267 jobs lost)
4. Metalworking machinery manufacturing (162 jobs lost)
5. Direct selling establishments (139 jobs lost)

Total Five-Year Employment Growth in the Charlotte-Gastonia-Concord Metro Area

From the industries (4-digit NAICS) in the area, the Depository credit intermediation industry has brought the most jobs with a total of 14,472 employees finding new jobs in the industry. The employment growth in the Depository credit intermediation industry makes up 29.4 percent of the total employment growth in Charlotte-Gastonia-Concord.

Top 5 Industries
1. Depository credit intermediation (14,472 new jobs)
2. Limited-service eating places (7,491 new jobs)
3. Full-service restaurants (4,046 new jobs)
4. Unclassified (2,661 new jobs)
5. Offices of physicians (2,392 new jobs)

Out of the 37 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 8 showed an escalation in the number employed, while 29 industries reported a drop in employment.

Employment for all industries has increased by 4.3 percent from 2001 (2nd Quarter). These figures are greater than percent in the State of North Carolina, experiencing a gain of 1.9 percent from the 2nd Quarter of 2001. The gains felt were greater than than the gain felt at the national level of 2.6 percent.

The Charlotte-Gastonia-Concord Metro Area: Five-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 3094.2 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Charlotte-Gastonia-Concord has increased employment faster than the industry job growth experienced in North Carolina, where this industry saw a gain of . percent. The Unclassified industry in Charlotte-Gastonia-Concord outpaced the national average, which felt a gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (3094.2 percent gain)
2. Depository credit intermediation (150.0 percent gain)
3. Community care facilities for the elderly (68.3 percent gain)
4. Other schools and instruction (53.5 percent gain)
5. Home furnishings stores (46.2 percent gain)

The Charlotte-Gastonia-Concord Metro Area: Five-Year Percentage Decline in Employment

The Petroleum merchant wholesalers industry has lost the biggest percent of jobs, losing 35.6 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of North Carolina, where the industry felt a loss of 14.7 percent. The losses in the Petroleum merchant wholesalers industry in Charlotte-Gastonia-Concord outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 9.9 in percent of workers in the Petroleum merchant wholesalers industry.

Top 5 Industries
1. Petroleum merchant wholesalers (35.6 percent decline)
2. Electric goods merchant wholesalers (26.5 percent decline)
3. Direct selling establishments (19.4 percent decline)
4. Metalworking machinery manufacturing (12.4 percent decline)
5. Commercial machinery repair and maintenance (5.8 percent decline)

 

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