Hickory-Lenoir-Morganton, NC

Hickory-Lenoir-Morganton Metro Area industry wages have increased by 14.9% percent since 2001

2007-03-19T01:02:00.000-07:00

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From 2001 to 2006, average industry wages increased in the Hickory-Lenoir-Morganton Metro Area by a total of 14.9%. This is less than the growth in wages for the State of North Carolina and less than the growth in average industry wages for the United States.

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.

Hickory-Lenoir-Morganton Metro Area Industry Wages Lag Behind North Carolina, and Wages Lag Behind the United States Industry Wages

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Wages in all industries in Hickory-Lenoir-Morganton, NC when analyzed can be understood as being medium-low when analyzed with other Metro Areas in the United States. The overall wages are 7.9 percent lower than the reported averages in the state of $35,650. The industry 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.

Hickory-Lenoir-Morganton Five-Year Industry Employment Change

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Total Five-Year Employment Decline in the Hickory-Lenoir-Morganton Metro Area

From of the area's 4-digit NAICS industries, the Full-service restaurants industry has lost the most employment with a total loss of 455 jobs during the period. The employment lost in the Full-service restaurants industry make up 17.8 percent of the jobs lost during the period in Hickory-Lenoir-Morganton, NC.

Top 5 Industries
1. Full-service restaurants (455 jobs lost)
2. Accounting and bookkeeping services (373 jobs lost)
3. Other wood product manufacturing (339 jobs lost)
4. Building equipment contractors (275 jobs lost)
5. Automobile dealers (262 jobs lost)

In the Hickory-Lenoir-Morganton, NC metro area, the total number of jobs throughout all industries has decreased by 19,460 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Growth in the Hickory-Lenoir-Morganton Metro Area

Out of the 4-digit NAICS industries, the Offices of physicians industry has accounted the most employment growth with a total of 413 total jobs brought in during the period. The growth in the Offices of physicians industry makes up 33.9 percent of the total number of new jobs in Hickory-Lenoir-Morganton.

Top 5 Industries
1. Offices of physicians (413 new jobs)
2. Limited-service eating places (355 new jobs)
3. Health and personal care stores (138 new jobs)
4. Architectural and engineering services (99 new jobs)
5. Other specialty trade contractors (95 new jobs)

Out of the 29 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 20 described an expansion of jobs throughout the time period, while 9 industry sectors reported declines during the time period.

The Hickory-Lenoir-Morganton Metro Area: Five-Year Percentage Growth in Employment

The Architectural and engineering services industry has gone through the largest job growth by percent, increasing by 32.4 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Hickory-Lenoir-Morganton has grow faster than the industry job growth experienced in North Carolina, where it saw a gain of 5.7 percent. The Architectural and engineering services industry in Hickory-Lenoir-Morganton outpaced the national average, which felt a gained 7.9 percent of the employment in this industry.

Top 5 Industries
1. Architectural and engineering services (32.4 percent gain)
2. Misc. nondurable goods merchant wholesalers (19.9 percent gain)
3. Other specialty trade contractors (18.4 percent gain)
4. Offices of physicians (18.3 percent gain)
5. Health and personal care stores (14.4 percent gain)

Total employment has decreased by 12.4 percent from the reported values in 2001. These values are greater than percent in the State of North Carolina, which went through a gain of 1.9 percent from 2001 (2nd Quarter). The losses in the area were greater than than the gain experienced overall in the US of 2.6 percent.

The Hickory-Lenoir-Morganton Metro Area: Five-Year Percentage Decline in Employment

The Electronic equipment repair and maintenance industry has lost the largest percent of jobs, losing 53.3 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 it saw a gain of 11.5 percent. The losses in the Electronic equipment repair and maintenance industry in Hickory-Lenoir-Morganton outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 2.5 in percent of workers in the Electronic equipment repair and maintenance industry.

Top 5 Industries
1. Electronic equipment repair and maintenance (53.3 percent decline)
2. Accounting and bookkeeping services (42.5 percent decline)
3. Other wood product manufacturing (28.9 percent decline)
4. Drycleaning and laundry services (21.3 percent decline)
5. Building foundation and exterior contractors (21.1 percent decline)

Hickory-Lenoir-Morganton One-Year Industry Employment Change

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The Hickory-Lenoir-Morganton Metro Area: One-Year Percentage Growth in Employment

The Outpatient care centers industry has gone through the largest job growth by percent, increasing by 167.2 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Hickory-Lenoir-Morganton has increased employment faster than the overall industry growth seen in the State of North Carolina, where this industry saw a gain of 17.1 percent. The Outpatient care centers industry in Hickory-Lenoir-Morganton outpaced the national average, which felt a gained 4.5 percent of the industry employment.

Top 5 Industries
1. Outpatient care centers (167.2 percent gain)
2. Automotive equipment rental and leasing (144.8 percent gain)
3. Land subdivision (85.0 percent gain)
4. Unclassified (75.2 percent gain)
5. Coating, engraving, and heat treating metals (70.5 percent gain)

The Hickory-Lenoir-Morganton Metro Area: One-Year Percentage Decline in Employment

The Vocational rehabilitation services industry has lost the largest percent of jobs, losing 84.7 percent of the jobs from the 2nd quarter of 2005 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 it saw a loss of 9.7 percent. The losses in the Vocational rehabilitation services industry in Hickory-Lenoir-Morganton outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 0.6 percent in terms of employees in the Vocational rehabilitation services industry.

Top 5 Industries
1. Vocational rehabilitation services (84.7 percent decline)
2. Soap, cleaning compound, and toiletry mfg. (79.4 percent decline)
3. Commercial equip. merchant wholesalers (57 percent decline)
4. Other heavy construction (39 percent decline)
5. Accounting and bookkeeping services (36.9 percent decline)

Total employment has increased by 0.2 percent since the 2nd Quarter of 2005. This is less than growth in North Carolina, which saw a gain of 2.7 percent from 2005 (2nd Quarter). The gains in the area were less than than the gain felt at the national level of 2 percent.

Total One-Year Employment Growth in the Hickory-Lenoir-Morganton Metro Area

Of the industries (4-digit NAICS) in the area, the Employment services industry has accounted the most employment growth with a total of 644 total jobs brought in during the period. The growth in the Employment services industry makes up 16.6 percent of the growth in Hickory-Lenoir-Morganton.

Top 5 Industries
1. Employment services (644 new jobs)
2. Fabric mills (546 new jobs)
3. Limited-service eating places (371 new jobs)
4. Outpatient care centers (279 new jobs)
5. Full-service restaurants (193 new jobs)

Total One-Year Employment Decline in the Hickory-Lenoir-Morganton Metro Area

From of the area's 4-digit NAICS industries, the Household and institutional furniture mfg. industry experienced most substantial job loss, losing 1,689 jobs in that time period. The declines in the Household and institutional furniture mfg. industry make up 38.5 percent of the total employment decline in Hickory-Lenoir-Morganton, NC.

Top 5 Industries
1. Household and institutional furniture mfg. (1,689 jobs lost)
2. Vocational rehabilitation services (832 jobs lost)
3. Accounting and bookkeeping services (294 jobs lost)
4. Textile and fabric finishing mills (207 jobs lost)
5. Commercial equip. merchant wholesalers (180 jobs lost)

In the Hickory-Lenoir-Morganton, NC metro area, the aggregate employment for all industry sectors has increased by 285 total jobs from 2005 to 2006.

Of the 97 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 41 described an expansion of jobs throughout the time period, while 56 industry sectors accounting for employment declines during that time period.

About: This report is part 1 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 Hickory-Lenoir-Morganton, NC

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The rate of poverty in the Hickory-Lenoir-Morganton, NC Metro has increased by 4.9 percent from the rates reported in the Decennial Census, moving from 9.8 percent to 14.7 percent.

As the median income level saw a decline from 2000 to 2005 in the Hickory-Lenoir-Morganton, NC metro area, the Race/Ethnicity category that felt the biggest decline in median income was the American Indian and Alaska Native Race/Ethnicity category. This category went through a decline of 27.7 percent in the last five years. The Asian population group was least impacted by the household income decline in Hickory-Lenoir-Morganton, experiencing a 36.1 percent increase in median household income from 2000 to 2005.

The median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $37,391, which represents a 15.5 percent decline. The Hickory-Lenoir-Morganton, NC MSA, when comparing total percent of decline, ranks 5 of 10 metro area in percent of decline for household income in &statename. Hickory-Lenoir-Morganton ranks 25 of 233 metro area when analyzing the decline in median household income in the United States.

Compared to Metro Areas across the United States, the Hickory-Lenoir-Morganton metro area was reported to have a medium-low household income of $44,247 (2005 Dollars). This median is 3.6 percent lower than the median in &statename of $45,845 and the median household income is 11 percent lower than the median household income in the United States of $49,133.

In Hickory-Lenoir-Morganton, NC White householders had a median income (2005 Dollars) of $45,438 as reported by the Decennial Census of 2000, which was 2.7 percent greater than the median in 2000. The Asian headed households reported median household incomes of $50,112. This income level is 13.3 percent greater than the reported median for all households in the area. Hispanic in Hickory-Lenoir-Morganton, NC , as reported in 2000, had a median household income of $38,996, this income level is 11.9 percent less than reported value of the areas total household median income for all households. Black or African American householders reported household income levels that were 27.9 percent less than the overall reported level in 2000, with a reported median of $31,881. The American Indian and Alaska Native headed households in Hickory-Lenoir-Morganton reported a median household income of $39,678, which was 10.3 percent less than the areas median level for all households.

Contrasted against to other Metropolitan Areas throughout the US, the Hickory-Lenoir-Morganton metro area can be recognized as having a rate of poverty among its population, accounting a rate of 9.8 percent with a family income under the 1999 poverty level. The American Indian and Alaska Native race/ethnicity population cohort, has the uppermost poverty rate with 26.6 percent of the population in 2000 living in poverty. Individuals aged 75 years and over are experiencing most percent people in poverty in Hickory-Lenoir-Morganton, with 16.1 percent of the population in this age category living in poverty.

Higher Education in the Hickory-Lenoir-Morganton, NC Metro Area

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The American Community Survey reported that in the Hickory-Lenoir-Morganton, NC Metro Area, the largest educational attainment category for men is the High School Diploma category, with 32.8 percent reaching this education level. The female population in the Hickory-Lenoir-Morganton metro area have achieved a lower level of higher education (Bachelors Degree or Higher) than the male population-- 17.6 percent (Men) versus 17.6 percent (Women). Many of the women in the area achieving a High School Diploma category, with 33.8 percent of women in the area reaching this education level.

Between 2000 and 2005, the percent of the male population that can be understood as highly educated has increased by 3.6 percent. By 2005, 17.6 percent of area's male population (+25) achieved a BA or Higher. During the same period, the percent of women (+25) that have earned a BA or higher has increased by a total of 4.4 percent. By 2005, a total of 17.6 percent of the female population having received at least a Bachelors Degree.

In the Hickory-Lenoir-Morganton, NC Metro Area as reported in the 2005 American Community Survey, 18.6 percent of the White Alone, 6.8 percent of Black or African American, 34.4 percent of the Asian alone and 7.8 percent of the Hispanic or Latino population, over the age 25, has achieved at least a Bachelors Degree.

Since 2000, the Hickory-Lenoir-Morganton metro area has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 4.0 percent to a total of 17.6 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is less than the 2005 State of North Carolina percent of 25.2 and less than the United States percent of 27.2.

Hickory-Lenoir-Morganton, NC Metro Area has a moderately-educated 2005 population, with 17.6 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2005 American Community Survey. The Hickory-Lenoir-Morganton MSA was reported to have a lower percent of individuals with higher educations than the State of North Carolina's proportion of 25.2 percent and a lower percent than United States proportion of 27.2 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Hickory-Lenoir-Morganton, NC

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By measuring total land area, the Hickory-Lenoir-Morganton metro area spans a total of 1638 square miles. The MSA has a medium-high average population density of 217 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- Weirton-Steubenville (218 per sq. mile ), Janesville (219 per sq. mile ), Colorado Springs (219 per sq. mile ), -- less densely populated -- Las Vegas-Paradise (216 per sq. mile ), Waco (216 per sq. mile ), Johnstown (215 per sq. mile ).

In 2005, the Census Bureau estimated the median age in the Hickory-Lenoir-Morganton metro area to be 38.4 years old. The median age in Hickory-Lenoir-Morganton is greater than the median age in the State of North Carolina of 36.2. Since the year 2000, the area has witnessed an increase in the median age, when it was 36.7 years old. With 30.8 percent of the 2005 population being made up of children and youth younger than 18, Hickory-Lenoir-Morganton can be described as being made up of a medium-high proportion of youths. The working age population group (18-64) has a medium-high representation within the population, making up 62.6 percent of the population within the age group. People 65 and older make up 13 percent of the population in the area. When compared to other metro areas throughout the United States, this represents a medium-low proportion of the population.

The Hickory-Lenoir-Morganton metro area had a total estimated population of 355,654 for the year 2005. The total population has increased, since the 2000 total population of 343,048. This growth denotes an increase of 3.7 percent. Hickory-Lenoir-Morganton ranks 8 of 14 MSAs when analyzing total population change in North Carolina and the metro area ranks 153 of 361 metro areas when analyzing total MSA population change across the nation.

The Hickory-Lenoir-Morganton metropolitan statistical area (MSA) has a population that is made of 84.1 percent White, 6.9 percent African American, 2.3 percent Asian, and 5.7 percent Hispanic. This area can be considered to have a modest level of racial and ethnic diversity, with 14.9 percent of the population being minorities. This is less than the State of North Carolina percent of 29.6. Since 2000, Hickory-Lenoir-Morganton has increased the level of diversity when 13.3 percent of the population was made up of minorities.

Since the year 2000, a high amount of people have migrated into the Hickory-Lenoir-Morganton metro area, with 5,325 people migrating in from another country. The international migration into Hickory-Lenoir-Morganton accounts for 3.4 percent of the total migration 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 Hickory-Lenoir-Morganton

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In Hickory-Lenoir-Morganton, the census reported 155,122 homes in 2005. The metro area has experienced a medium level of growth in the number housing units, adding in all 6,725 residential units since 2001, or 4.5 percent.

The residential real estate values in Hickory-Lenoir-Morganton, North Carolina have experienced moderate increases since the Census values accounted for in the year 2000. The values have increased by $15,100, or 16.1 percent, from their 2000 median values of $93,500.

When comparing areas across the State of North Carolina, Hickory-Lenoir-Morganton stands 12 of the 14 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 217 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

According to the data, there is a large amount affordable residential real estate in Hickory-Lenoir-Morganton, North Carolina. In 2005, 60.2 percent of housing was valued under $125k.

Hickory-Lenoir-Morganton can be understood as having a medium proportion of high-valued homes. For the year 2005, the American Community Survey reports that 1.1 percent of the areas residential property was valued over $500k.

Hickory-Lenoir-Morganton recorded a median home value in 2005 of $108,600, according to the American Community Survey. This median is less than the North Carolina 2005 median owner-occupied dwelling value of $127,600 and less than median home value of $167,500 across the nation during that year.

Data Source: U.S. Census Bureau

Employment Report for Hickory, North Carolina -- Annual 2005 Industry Summary

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Wholesale trade is the industry with the largest change in employment since the year 2001 in Hickory, moving a total of 2.1 percent. This is greater than the change in industry employment in the United States of 0.4 percent. The State of North Carolina had changed in sector employment of 6.1 percent, in the period of time since 2001.

In Hickory, Manufacturing, Retail Trade, and the Accommodation and food services sectors, in terms of total employment, are the largest. Manufacturing provides the most jobs and contributes 39.8 percent of the total MSA employment. This totals 54,137 people employed. The Retail Trade and Accommodation and food services industries total 12.1 and 7.7 percent of all employment.

The Hickory-Lenoir-Morganton is the Metropolitain Area that is ranked 126 of 363 throughout the US by total number of jobs in 2005. This position has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 107 of 363 Counties.

In Hickory, Manufacturing, Transportation and Warehousing and Wholesale trade industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing sector in the county has a location quotient of 3.1. The level of employment in the Manufacturing industry is 3.1 times greater than the national average, signifying that Hickory may specialize, or be an exporter of Manufacturing.

A top paying industry in Hickory is the wholesale trade industry with an average annual wage of $40,806. In the Metropolitan Area since the year 2001, the annual average wages in the industry have grown by 11.1 percent or $4,081. The State of North Carolina reflects a similar economic condition in the wholesale trade industry, falling near the top of sectors according to average 2004 industry pay.

Manufacturing has a largest number of employees per establishment in Hickory MSA, with the industry averaging 59 employees per business. This is greater than the US industry average of 39 and greater than the State of North Carolina establishments size average of 53 for the Manufacturing industry.

The Manufacturing has seen the largest decrease in industry presence in the Hickory MSA, since the year 2001, moving from making up 47.1 percent of employment in 2001 to 39.8 percent in the year 2005.

Manufacturing saw the largest loss of employment between the years 2001-2005 in the Hickory Metro Area. The sector dealt with a loss of 18,269 total jobs during the period, accounting for 25.2 percent of the employment in the industry. This made up a total of 84.6 percent of the total jobs loss in the Metro Area.

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