Friday, February 23, 2007

Forsyth County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Forsyth County

From the industries (4-digit NAICS) in the area, the Management of companies and enterprises industry has brought the most jobs with a total of 2,870 new jobs created in the period. The job growth in the Management of companies and enterprises industry makes up 17.9 percent of the total growth in Forsyth County.

Top 5 Industries
1. Management of companies and enterprises (2,870 new jobs)
2. Home health care services (2,086 new jobs)
3. Employment services (1,522 new jobs)
4. Limited-service eating places (1,381 new jobs)
5. Offices of physicians (1,009 new jobs)

Total Five-Year Employment Decline in Forsyth County

Given the industries in the area, the Insurance carriers industry has lost the most employment with a total loss of 1,081 jobs. The declines in the Insurance carriers industry make up 9.3 percent of the total job loss in Forsyth County, North Carolina.

Top 5 Industries
1. Insurance carriers (1,081 jobs lost)
2. Household and institutional furniture mfg. (966 jobs lost)
3. Accounting and bookkeeping services (664 jobs lost)
4. Grocery stores (619 jobs lost)
5. Outpatient care centers (537 jobs lost)

In Forsyth County, North Carolina, the aggregate employment for all industry sectors has decreased by 154 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

From the 138 industries with industry data reported by the BLS in each quarter, 72 reported job growth in the duration of the last five years and 66 industries reported employment loss in the period.

Forsyth County Five-Year Percentage Growth in Employment

The Misc. durable goods merchant wholesalers industry has witnessed the largest percentage of employment expansion, increasing by 177.3 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Forsyth County has expanded faster than the overall industry growth seen in the State of North Carolina, where the industry felt a loss of 8.7 percent. The Misc. durable goods merchant wholesalers industry in Forsyth County outpaced the national average, which felt a gained 6.4 percent of the industry employment.

Top 5 Industries
1. Misc. durable goods merchant wholesalers (177.3 percent gain)
2. Management of companies and enterprises (172.1 percent gain)
3. Home health care services (156.8 percent gain)
4. Activities related to credit intermediation (123.2 percent gain)
5. Hardware and plumbing merchant wholesalers (117.7 percent gain)

Total industry employment has decreased by 0.1 percent since the 2nd Quarter figures of 2001. This change is greater than growth in North Carolina, which saw a gain of 1.9 percent since the 2nd Quarter of 2001. The losses felt were greater than than the gain seen for the United States of 2.6 percent.

Forsyth County Five-Year Percentage Decline in Employment

The Software publishers industry has lost the largest percent of jobs, losing 89.4 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 has experienced in the State of North Carolina, where the industry felt a gain of 6.9 percent. The losses in the Software publishers industry in Forsyth County outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 12 in percent of workers in the Software publishers industry.

Top 5 Industries
1. Software publishers (89.4 percent decline)
2. Household and institutional furniture mfg. (87.5 percent decline)
3. Petroleum merchant wholesalers (72.7 percent decline)
4. Outpatient care centers (61.2 percent decline)
5. Book, periodical, and music stores (58.1 percent decline)





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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