Wednesday, January 24, 2007

Fargo One-Year Industry Employment Change

Out of the 81 4-digit NAICS industries, 28 described an expansion of jobs throughout the time period, while 53 industries reported employment loss in the period.

Total One-Year Employment Decline in the Fargo Metro Area

Of the area's industries (4-digit NAICS), the Full-service restaurants industry experienced most substantial job loss, losing 110 jobs during the time period. The jobs lost in the Full-service restaurants industry make up 21.9 percent of the jobs lost during the period in Fargo, ND-MN.

Top 5 Industries
1. Full-service restaurants (110 jobs lost)
2. Book, periodical, and music stores (48 jobs lost)
3. Grocery and Related Product Wholesalers (47 jobs lost)
4. Office supplies, stationery, and gift stores (46 jobs lost)
5. Farm product raw material merch. whls. (36 jobs lost)

In the Fargo, ND-MN metro area, the aggregate employment for all industry sectors has increased by 2,140 total jobs from 2005 to 2006.

Total One-Year Employment Growth in the Fargo Metro Area

Out of the 4-digit NAICS industries, the Individual and family services industry has accounted the most employment growth with a total of 404 new jobs created in the period. The job growth in the Individual and family services industry makes up 15.6 percent of the growth in Fargo.

Top 5 Industries
1. Individual and family services (404 new jobs)
2. Management of companies and enterprises (286 new jobs)
3. Grocery stores (206 new jobs)
4. Computer systems design and related services (146 new jobs)
5. Nursing care facilities (120 new jobs)

The total number of jobs has increased by 2.2 percent from the reported values in 2005. These values are less than percent in North Dakota, which saw a gain of 2.6 percent from 2005 (2nd Quarter). The gains the area experienced were greater than than the gain seen for the United States of 2 percent.

The Fargo Metro Area: One-Year Percentage Growth in Employment

The Local messengers and local delivery industry has seen the largest percentage job growth, expanding by 37.0 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Fargo has increased employment faster than the growth seen in the industry for North Dakota, where this industry saw a gain of 5.9 percent. The Local messengers and local delivery industry in Fargo outpaced the national average, which felt a lost 0.4 percent in this industry.

Top 5 Industries
1. Local messengers and local delivery (37.0 percent gain)
2. Individual and family services (35.6 percent gain)
3. Other heavy construction (29.6 percent gain)
4. Other professional and technical services (15.7 percent gain)
5. Management of companies and enterprises (14.8 percent gain)

The Fargo Metro Area: One-Year Percentage Decline in Employment

The Unclassified industry has lost the largest amount of employment in terms of percentage, losing 57.1 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 Dakota, where the industry sector experienced a loss of 5.9 percent. The losses in the Unclassified industry in Fargo outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 12.1 percent in terms of employees in the Unclassified industry.

Top 5 Industries
1. Unclassified (57.1 percent decline)
2. Book, periodical, and music stores (30.6 percent decline)
3. Independent artists, writers, and performers (26.7 percent decline)
4. Shoe stores (20.1 percent decline)
5. Waste collection (14.7 percent decline)





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.

 

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