In Franklin County, jobs in the lessors of real estate pay the highest wages

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Jobs in the lessors of real estate industry paid the average highest wages in Franklin County for the 2nd quarter of 2006. The average worker in the industry in Franklin County was paid an annual wage of $69,186 in 2nd quarter of 2006. The pay is greater than the industry wage in North Carolina of $31,946 and greater than then the wage for jobs in this industry at the United States Level of $34,958.

Other high-paying jobs in Franklin County, North Carolina are present in wired telecommunications carriers ($66,333), computer systems design and related services ($63,003), offices of physicians ($48,399) and commercial equip. merchant wholesalers ($46,128) industries. Note: Click Graph Above for Detail Comparison

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.

Franklin County Wages have increased by 24.3% Since 2001

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From 2001 to 2006, average industry wages increased in Franklin County, North Carolina by a total of 24.3%. This is greater than the growth in wages for the State of North Carolina and greater than the growth in average wages for the US.

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.

Franklin County Five-Year Industry Employment Change

Franklin County Five-Year Percentage Growth in Employment

The Electronic markets and agents and brokers industry has experienced the largest percentage growth, expanding by 356.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Franklin County has expanded faster than the growth seen in the industry for North Carolina, where it saw a gain of 38.8 percent. The Electronic markets and agents and brokers industry in Franklin County outpaced the national average, which felt a gained 29.2 percent.

Top 5 Industries
1. Electronic markets and agents and brokers (356.1 percent gain)
2. Misc. nondurable goods merchant wholesalers (303.2 percent gain)
3. Motor vehicle and parts merchant wholesalers (251.7 percent gain)
4. Offices of other health practitioners (215.0 percent gain)
5. Utility system construction (160.4 percent gain)

Employment for all industries has increased by 14.9 percent from the reported values in 2001. These values are greater than percent in North Carolina, which saw a gain of 1.9 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain reported at the US level of 2.6 percent.

Franklin County Five-Year Percentage Decline in Employment

The Electronics and appliance stores industry has lost the largest amount of employment in terms of percentage, losing 75.7 percent from 2001 (Q2) to 2006 (Q2). 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 8.8 percent. The losses in the Electronics and appliance stores industry in Franklin County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 2.7 in percent of jobs in the Electronics and appliance stores industry.

Top 5 Industries
1. Electronics and appliance stores (75.7 percent decline)
2. Grocery and Related Product Wholesalers (49.4 percent decline)
3. Drycleaning and laundry services (44.3 percent decline)
4. Warehousing and storage (42 percent decline)
5. Building foundation and exterior contractors (39.3 percent decline)

Total Five-Year Employment Growth in Franklin County

From the industries (4-digit NAICS) in the area, the Building finishing contractors industry has brought the most jobs with a total of 143 total jobs brought in during the period. The growth in the Building finishing contractors industry makes up 14.0 percent of the total growth in Franklin County.

Top 5 Industries
1. Building finishing contractors (143 new jobs)
2. Limited-service eating places (131 new jobs)
3. Child day care services (95 new jobs)
4. Electronic markets and agents and brokers (78 new jobs)
5. Building equipment contractors (73 new jobs)

Total Five-Year Employment Decline in Franklin County

The Building foundation and exterior contractors industry faced the greatest employment loss with a total loss of 72 jobs during the period. The employment lost in the Building foundation and exterior contractors industry make up 20.5 percent of the jobs lost during the period in Franklin County, North Carolina.

Top 5 Industries
1. Building foundation and exterior contractors (72 jobs lost)
2. Electronics and appliance stores (61 jobs lost)
3. Gasoline stations (50 jobs lost)
4. Community care facilities for the elderly (35 jobs lost)
5. Nonresidential building construction (31 jobs lost)

Given the 47 4-digit NAICS industries, 16 accounted an for increase in employment during the period and 31 industries reported employment loss in the period.

In Franklin County, North Carolina, the total number of workers for all sectors has increased by 1,182 total jobs from 2001 to 2006.





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.

Income and Poverty in Franklin County, North Carolina

Compared to other counties (and parishes) throughout the nation, Franklin County reported a medium-high household income of $45,593 (Adjusted to 2005 Dollars). This figure is 0.6 percent lower than the household income median in State of North Carolina of $45,845 and the median household income is 7.8 percent lower than the median for the rest of the nation, which is a reported $49,133.

According to the 2000 Census, the Asian headed households in the area have median household incomes of $28,762. This income level is 36.9 percent less than the all households reported median in the area. In Franklin County, North Carolina White headed households reported a median household income (2005 Dollars) of $49,698 according to the Decennial Census of 2000, which was 9 percent greater than the median income in 2000. The American Indian and Alaska Native households in Franklin County reported a median household income of $61,974, this was 35.9 percent greater than the median income level in this area. Hispanic headed households in Franklin County, North Carolina reported a median household income of $28,665, this median household income is 37.1 percent less than the median reported for all households in the area. Black or African American householders reported a median household income that was 27 percent less than the overall median reported in 2000, with a reported median of $33,296.

When compared to other counties (or parishes) across the United States, Franklin County, North Carolina can be considered to have a medium-low rate of poverty among its population, accounting a rate of 12.6 percent of the individuals existing in families with incomes under the poverty level in 1999. The Hispanic race/ethnicity demographic group, represents the largest rate of poverty with 39.6 percent of the 2000 residents living in poverty. People aged 75 years and over have the most percent of people living in poverty in Franklin County, reporting 22.1 percent of the population in this age category living in poverty.







Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

Higher Education in Franklin County, North Carolina

Franklin County, North Carolina may to understood as having a moderately-educated working age population, with 13.2 percent of the population (+25) having received a BA or higher, as reported the 2000 Decennial Census. Franklin has a lower percent of individuals with higher educations than the State of North Carolina's proportion of 22.4 percent and a lower percent than the average across the nation of 24.4 percent.

In 2000, the Census reported that in Franklin County, North Carolina, the most common level of education achieved in the area for the male population is the High School Diploma category, with 35.4 percent receiving this level of education. The women in Franklin have attainment on average a greater level of higher education (Bachelors or Higher) than men -- 12.8 percent (Men) versus 13.6 percent (Women). A high proportion of the female population in the area has reached the High School Diploma category, with 33.6 percent of the women population in the area achieving this level of education.

In Franklin County, North Carolina as reported in the 2000 Census, 15.8 percent of the White Alone, 6.4 percent of Black or African American, 52 percent of the Asian alone and 6 percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.





Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

Demographic Profile for Franklin County, North Carolina

Franklin County, North Carolina had an estimated population of 54,429 in 2005. The estimated population has increased sharply, since the population in 2000 of 47,613. This growth shows an increase of 14.3 percent. Franklin ranks 22 of 100 counties in terms of population growth in North Carolina and the county ranks 420 of 3,141 counties when calculating the total change in county population across the US.

In terms of total land area, Franklin encompasses a total area of 492 square miles. The county has a medium-low density of 111 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Greene, VA (111 per sq. mile ), Oconee, SC (111 per sq. mile ), Culpeper, VA (112 per sq. mile ), -- less densely populated -- Liberty, GA (111 per sq. mile ), Orleans, NY (111 per sq. mile ), Knox, OH (111 per sq. mile ).

In the year 2005, the population division of U.S. Census Bureau estimates the median age in Franklin County, North Carolina to be 35.6 years old. The median age in Franklin is less than the median age for the State of North Carolina of 36.2. Since 2000, the area has experienced a decline in the median age, at that time the median was 35.8 years of age. With a total of 24.3 percent of the population in 2005 being comprised of children and youth younger than 18, Franklin can be described as being made up of a medium-high proportion of youths. The 18 to 64 years old population group has a relatively high representation within the population, making up 65.1 percent of the population makes up this age category. The retirement (65 and over) age group comprises 10.6 percent of the population. When compared to other counties in the United States, this represents a medium-low proportion of the area population base.

Franklin County, North Carolina has a population that is made up of 64.5 percent White, 27.6 percent African American, 0.3 percent Asian, and 6.6 percent Hispanic. The area can be described as having a high amount of racial and ethnic diversity, with 34.5 percent of the population made up of minorities. This is greater than the State of North Carolina percent of 29.6. Since 2000, Franklin has decreased the level of diversity when 34.7 percent of the population were minorities.

Since the year 2000, a high number of individuals have migrated to Franklin internationally. The migration from outside the US into Franklin totals 0.5 percent of immigration into the State of North Carolina. This percent of immigration can be considered high when comparing levels of immigration per population in 2005.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Franklin County, North Carolina

Franklin County had a median home value in the year 2000 of $101,800, accounted by the Decennial Census. This value is less than the overall North Carolina 2000 median home value of $108,300 and less than median home value of $119,600 for the rest of the nation in that year.

In the State of North Carolina, Franklin County is positioned 28 of 100 by percentage growth in residential real estate. The county is positioned 433 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

In Franklin County, there were a total of 22,746 homes in 2005. The county has experienced a growth in housing units, adding all together 1,710 residential units since 2001, or 8.1 percent.

Franklin County is made up of a small, but present proportion of residential real estate that is high priced. In 2000, the Decennial Census accounted that 0.3 percent of the homes were valued over $500,000.

It can be understood that there is a large amount of affordable housing in Franklin County, North Carolina. In 2000, 66.9 percent of the homes were valued under $125,000.



Data Source: U.S. Census Bureau

Employment Report for Franklin County, North Carolina -- Annual 2005 Industry Summary

In Franklin County, Manufacturing, Health care and social assistance, and the Retail Trade sectors, in terms of total employment, are the largest. Manufacturing produces the largest number of jobs in the area accounting for 29.6 percent of the total county employment. This totals 2,533 people employed. The Health care and social assistance and Retail Trade industries total 14.1 and 12.3 percent of total employment, respectively.

Manufacturing is the industry with the largest establishments in Franklin County, averaging 43 jobs per place of business. This is greater than the industry's average at the national level of 39 and less than the North Carolina typical size of 53 for the Manufacturing industry.

In Franklin County, Manufacturing, Construction and Educational services are the three industries with the highest location quotients. The Manufacturing industry has a US LQ in the county of 2.31. The percent of employment in the Manufacturing sector is 2.31 times greater than the national average, signifying that Franklin may be an exporter of products or services of Manufacturing.

Real estate and rental and leasing has seen the highest growth in employment from the years 2001-2005 in Franklin County, with a job growth of 104.6 percent. This is greater than the industry job change at the national level of 4.3 percent. The State of North Carolina had changed in sector employment of 5.1 percent, in the period of time since 2001.

Retail Trade since the year 2001 was faced with the largest loss in employment in Franklin County. The industry was hit with a loss of 253 employees during the period, or 19.3 percent of jobs in the industry. The losses in this industry made up 55.6 percent of all county employment losses since 2001.







Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).