Friday, February 23, 2007

Cape May County Five-Year Industry Employment Change

Cape May County Five-Year Percentage Decline in Employment

The Elementary and secondary schools industry has lost the largest percent of jobs, losing 64.5 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the New Jersey, where the it saw a gain of 22.4 percent. The losses in the Elementary and secondary schools industry in Cape May County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 18 in percent of jobs in the Elementary and secondary schools industry.

Top 5 Industries
1. Elementary and secondary schools (64.5 percent decline)
2. Printing and related support activities (64.1 percent decline)
3. Nursing care facilities (52.9 percent decline)
4. Travel arrangement and reservation services (49.7 percent decline)
5. Fishing (43.9 percent decline)

Total employment has increased by 7.4 percent since the 2nd Quarter figures of 2001. This change is greater than growth in the State of New Jersey, which saw a gain of 0.7 percent from 2001 (2nd Quarter). The gains in the area were greater than than the gain reported at the US level of 2.6 percent.

Cape May County Five-Year Percentage Growth in Employment

The Other financial investment activities industry has witnessed the largest percentage of employment expansion, increasing by 358.3 percent from 2001 to 2006. This industry in Cape May County has added employment faster than the industry job growth experienced in New Jersey, where the industry felt a gain of . percent. The Other financial investment activities industry in Cape May County outpaced the nation in terms of industry employment growth . During this period, the nation gained 20 percent in this industry.

Top 5 Industries
1. Other financial investment activities (358.3 percent gain)
2. Book, periodical, and music stores (326.6 percent gain)
3. Private households (266.7 percent gain)
4. Religious organizations (192.2 percent gain)
5. Nonresidential building construction (188.0 percent gain)

In Cape May County, New Jersey, the total number of workers for all sectors has increased by 2,384 total jobs from 2001 to 2006.

Out of the 90 4-digit NAICS industries, 26 accounted an for increase in employment during the period and 64 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Decline in Cape May County

From of the area's 4-digit NAICS industries, the Nursing care facilities industry witnessed the largest drop in employment, losing a total of 540 jobs in that time period. The declines in the Nursing care facilities industry make up 31.5 percent of the jobs lost during the period in Cape May County, New Jersey.

Top 5 Industries
1. Nursing care facilities (540 jobs lost)
2. Full-service restaurants (205 jobs lost)
3. Amusement parks and arcades (125 jobs lost)
4. Drinking places, alcoholic beverages (112 jobs lost)
5. Printing and related support activities (99 jobs lost)

Total Five-Year Employment Growth in Cape May County

The Limited-service eating places industry has added the most employment with 390 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 9.5 percent of the growth in Cape May County.

Top 5 Industries
1. Limited-service eating places (390 new jobs)
2. Residential building construction (246 new jobs)
3. Building equipment contractors (239 new jobs)
4. Building material and supplies dealers (213 new jobs)
5. Special food services (201 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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