Friday, February 23, 2007

Cabarrus County Five-Year Industry Employment Change

Cabarrus County Five-Year Percentage Growth in Employment

The Office administrative services industry has witnessed the largest percentage of employment expansion, increasing by 1518.4 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Cabarrus County has grow faster than the growth seen in the industry for North Carolina, where it saw a gain of 54.2 percent. The Office administrative services industry in Cabarrus County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 37.6 percent.

Top 5 Industries
1. Office administrative services (1518.4 percent gain)
2. Other schools and instruction (464.1 percent gain)
3. Outpatient care centers (401.2 percent gain)
4. Travel arrangement and reservation services (335.4 percent gain)
5. Management and technical consulting services (324.1 percent gain)

The total number of jobs has increased by 11.1 percent since the 2nd Quarter of 2001. This is greater than growth in the State of North Carolina, which experienced a gain of 1.9 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

Cabarrus County Five-Year Percentage Decline in Employment

The Cut and sew apparel manufacturing industry has lost the biggest percent of jobs, losing 85.3 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 it saw a loss of 60.8 percent. The losses in the Cut and sew apparel manufacturing industry in Cabarrus County outpaced the United States industry losses overall. During this period, the United States lost 45.7 percent in terms of employees in the Cut and sew apparel manufacturing industry.

Top 5 Industries
1. Cut and sew apparel manufacturing (85.3 percent decline)
2. Apparel and piece goods merchant wholesalers (71.2 percent decline)
3. Activities related to credit intermediation (70.5 percent decline)
4. Other support services (69.2 percent decline)
5. Petroleum merchant wholesalers (60.3 percent decline)

Total Five-Year Employment Decline in Cabarrus County

From of the area's 4-digit NAICS industries, the Cut and sew apparel manufacturing industry faced the greatest employment loss with a total loss of 474 jobs during the period. The employment lost in the Cut and sew apparel manufacturing industry make up 17.1 percent of the jobs lost during the period in Cabarrus County, North Carolina.

Top 5 Industries
1. Cut and sew apparel manufacturing (474 jobs lost)
2. Services to buildings and dwellings (414 jobs lost)
3. General freight trucking (293 jobs lost)
4. Other support services (241 jobs lost)
5. Department stores (223 jobs lost)

In Cabarrus County, North Carolina, the total number of jobs throughout all industries has increased by 5,083 jobs between mid-2001 and mid-2006.

Given the 100 industries with industry data reported by the BLS in each quarter, 28 showed an escalation in the number employed, while 71 industries reported employment loss in the period.

Total Five-Year Employment Growth in Cabarrus County

The Full-service restaurants industry has brought the most jobs with a total of 822 employees finding new jobs in the industry. The employment growth in the Full-service restaurants industry makes up 8.5 percent of the growth in Cabarrus County.

Top 5 Industries
1. Full-service restaurants (822 new jobs)
2. Employment services (638 new jobs)
3. Management of companies and enterprises (601 new jobs)
4. Other general merchandise stores (565 new jobs)
5. Management and technical consulting services (560 new jobs)





About: This report is part 2 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.

 

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