Tuesday, February 27, 2007

Raleigh-Cary Metro Area Industry Wages Exceed North Carolina, but Wages Lag Behind the United States Industry Wages


(Click Image to Enlarge Graph)



Wages in all industries in Raleigh-Cary, NC can be described as relatively high when analyzed with other Metro Areas in the United States. The overall wages are 9.6 percent higher than the state, which accounted an average of $35,650. The industry pay was less than the industry average in the US 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

Raleigh-Cary Five-Year Industry Employment Change

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

From of the area's 4-digit NAICS industries, the Scheduled air transportation industry witnessed the largest drop in employment, losing a total of 2,572 jobs. The declines in the Scheduled air transportation industry make up 35.1 percent of the total employment decline in Raleigh-Cary, NC.

Top 5 Industries
1. Scheduled air transportation (2,572 jobs lost)
2. Accounting and bookkeeping services (874 jobs lost)
3. Electronics and appliance stores (726 jobs lost)
4. Insurance carriers (692 jobs lost)
5. Nonresidential building construction (519 jobs lost)

In the Raleigh-Cary, NC metro area, the total number of jobs throughout all industries has increased by 28,805 total jobs from 2001 to 2006.

Of the 68 4-digit NAICS industries, 23 reported job growth in the duration of the last five years and 45 industry sectors reported declines during the time period.

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

Out of the 4-digit NAICS industries, the Limited-service eating places industry has added the most employment with 4,088 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 16.3 percent of the total number of new jobs in Raleigh-Cary.

Top 5 Industries
1. Limited-service eating places (4,088 new jobs)
2. Offices of physicians (1,435 new jobs)
3. Architectural and engineering services (1,306 new jobs)
4. Building equipment contractors (1,301 new jobs)
5. Other specialty trade contractors (1,135 new jobs)

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

The Performing arts companies industry has lost the largest amount of employment in terms of percentage, losing 72.7 percent of the jobs from the 2nd quarter of 2001 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 reported a loss of 64.7 percent. The losses in the Performing arts companies industry in Raleigh-Cary outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 10.2 percent in terms of employees in the Performing arts companies industry.

Top 5 Industries
1. Performing arts companies (72.7 percent decline)
2. Magnetic media manufacturing and reproducing (64.5 percent decline)
3. Scheduled air transportation (57.4 percent decline)
4. Other information services (33.6 percent decline)
5. Sound recording industries (31.1 percent decline)

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

The Facilities support services industry has experienced the largest percentage growth, expanding by 337.9 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Raleigh-Cary has grow slower than the industry has grown in the State of North Carolina, where this industry saw a gain of 380.2 percent. The Facilities support services industry in Raleigh-Cary outpaced the US in terms of percent growth of industry employment. During this period, the US gained 25.2 percent of the employment in this industry.

Top 5 Industries
1. Facilities support services (337.9 percent gain)
2. Religious organizations (96.7 percent gain)
3. Elementary and secondary schools (72.7 percent gain)
4. Activities related to real estate (65.4 percent gain)
5. Motor vehicle and parts merchant wholesalers (63.3 percent gain)

Total industry employment has increased by 8 percent from 2001 (2nd Quarter). These figures are greater than percent in North Carolina, experiencing a gain of 1.9 percent from 2001 (2nd Quarter). The gains the area experienced were greater than than the gain experienced overall in the US of 2.6 percent.

 

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