Syracuse One-Year Industry Employment Change

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

The Activities related to credit intermediation industry has lost the largest percent of jobs, losing 21.9 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 New York, where the it saw a gain of 5.5 percent. The losses in the Activities related to credit intermediation industry in Syracuse outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 5.4 in percent of workers in the Activities related to credit intermediation industry.

Top 5 Industries
1. Activities related to credit intermediation (21.9 percent decline)
2. Department stores (18.5 percent decline)
3. Other chemical product and preparation mfg. (16.7 percent decline)
4. Building material and supplies dealers (13.6 percent decline)
5. Automobile dealers (12.9 percent decline)

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

The Apparel and piece goods merchant wholesalers industry has experienced the largest percentage growth, expanding by 137.5 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Syracuse has expanded faster than the industry has grown in the State of New York, where the industry felt a gain of 2.5 percent. The Apparel and piece goods merchant wholesalers industry in Syracuse outpaced the US in terms of percent growth of industry employment. During this period, the US gained 2.8 percent.

Top 5 Industries
1. Apparel and piece goods merchant wholesalers (137.5 percent gain)
2. Unclassified (92.6 percent gain)
3. Greenhouse and nursery production (32.7 percent gain)
4. Other textile product mills (31.9 percent gain)
5. Other general merchandise stores (25.4 percent gain)

Total employment has decreased by 0.2 percent since the 2nd Quarter figures of 2005. This change is greater than percent in the State of New York, which saw a gain of 1 percent from 2005 (2nd Quarter). The losses were greater than than the gain felt at the national level of 2 percent.

In the Syracuse, NY metro area, the entire sum of jobs in all of the industries has decreased by 506 jobs from mid-2005 to mid-2006.

Total One-Year Employment Growth in the Syracuse Metro Area

Of the industries (4-digit NAICS) in the area, the Other general merchandise stores industry has added the most employment with 523 jobs added during the time period. These new jobs in the Other general merchandise stores industry makes up 11.6 percent of the total growth in Syracuse.

Top 5 Industries
1. Other general merchandise stores (523 new jobs)
2. Unclassified (494 new jobs)
3. Building equipment contractors (381 new jobs)
4. Management of companies and enterprises (349 new jobs)
5. Grocery and Related Product Wholesalers (249 new jobs)

Total One-Year Employment Decline in the Syracuse Metro Area

Given the industries in the area, the Department stores industry experienced most substantial job loss, losing 617 jobs. The declines in the Department stores industry make up 13.9 percent of the employment lost during the period in Syracuse, NY.

Top 5 Industries
1. Department stores (617 jobs lost)
2. Building material and supplies dealers (420 jobs lost)
3. Automobile dealers (410 jobs lost)
4. Full-service restaurants (242 jobs lost)
5. HVAC and commercial refrigeration equipment (221 jobs lost)

From the 112 industries with industry data reported by the BLS in each quarter, 59 reported job growth in the duration of the year and 52 industry sectors reported declines during the 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 Syracuse, NY

The poverty rate in the Syracuse, NY Metro has declined by 2.0 percent since the amount published in 2000, moving from 16.2 percent to 14.2 percent.

The household income has increased from the inflation-adjusted values in 2000. The income level has increased to $44,727, posting a 14.9 percent growth. The Syracuse, NY MSA, when comparing total percent of growth, ranks 2 of 6 metro area in percent of growth for income levels in the State of New York. Syracuse ranks 38 of 233 metro area in terms of the growth in median income level for the United States.

The American Indian and Alaska Native householders in Syracuse had a median income of $48,913, which was 25.6 percent greater than the median level for total households in the area. In Syracuse, NY White householders had a median household income (in 2005 Dollars) of $48,347 according to the 2000 Dencennial Census, which was 24.2 percent greater than the median in 2000. The Asian headed households reported median household incomes of $47,598. This median is 22.2 percent greater than the reported median for all households in the area. Black or African American headed households had median income levels that were 27.2 percent less than the total 2000 reported median, with a their median reported to be $28,355. Hispanic Householders in Syracuse, NY reported a median household income of $36,761, this median is 5.6 percent less than the median reported for all households in the area.

While the median household income saw a growth in the last five year in the Syracuse, NY metro area, the Race/Ethnicity category that saw the sharpest growth in household income was the Race/Ethnicity category. This category went through an of . percent in the last five years. The population category was least influenced by the median household income growth in Syracuse, experiencing a . percent in household income level, since the year 2005.

Evaluated with other MSAs across the nation, the Syracuse metro area can be considered to have a relatively high rate of poverty among its population, accounting a rate of 16.2 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 26.5 percent of the population in 2000 living in poverty. Individuals aged Under 5 years have the most percent of people living in poverty in Syracuse, accounting 23.5 percent of this age group in the area living in poverty.

When analyzed against other Metropolitan Statistical Areas in the US, the Syracuse metro area reported a relatively low median income for households of $38,935 (Adjusted to 2005 Dollars). This is 30.4 percent lower than the median in State of New York of $50,770 and the income level is 26.2 percent lower than the median for the rest of the nation, which is a reported $49,133.

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