Tuesday, February 27, 2007

Essex County Industry Wages Lag Behind New York, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Wages in all industries in Essex County, New York when analyzed can be described as relatively low when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 44.5 percent lower than the reported averages in the state of $50,107. The average industry wage was less than the industry average in the US 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.

Friday, February 23, 2007

Essex County Five-Year Industry Employment Change

Essex County Five-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 954.2 percent from 2001 to 2006. This industry in Essex County has expanded faster than the industry has grown in the State of New York, where the industry felt a gain of 208.5 percent. The Unclassified industry in Essex County outpaced the nation in terms of industry employment growth . During this period, the nation gained 1.7 percent in this industry.

Top 5 Industries
1. Unclassified (954.2 percent gain)
2. Household and institutional furniture mfg. (164.7 percent gain)
3. Accounting and bookkeeping services (114.9 percent gain)
4. Other specialty trade contractors (81.9 percent gain)
5. Cattle ranching and farming (59.1 percent gain)

Essex County Five-Year Percentage Decline in Employment

The Religious organizations industry has lost the largest amount of employment in terms of percentage, losing 76.2 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of New York, where the it saw a gain of 10.8 percent. The losses in the Religious organizations industry in Essex County outpaced the US in terms of percent of decline of industry employment. The US gained 12.8 percent in terms of employment in the Religious organizations industry.

Top 5 Industries
1. Religious organizations (76.2 percent decline)
2. Offices of real estate agents and brokers (56.6 percent decline)
3. Building material and supplies dealers (53.8 percent decline)
4. Specialized freight trucking (48.3 percent decline)
5. Building foundation and exterior contractors (45.8 percent decline)

Employment for all industries has decreased by 5.9 percent since the 2nd Quarter of 2001. This is greater than percent in New York, which went through a loss of -1.0 percent from the 2nd Quarter of 2001. The losses the area experienced were greater than than the gain reported at the US level of 2.6 percent.

In Essex County, New York, the total number of workers for all sectors has decreased by 645 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Decline in Essex County

The Religious organizations industry has lost the most employment with a total loss of 437 jobs during the time period. The jobs lost in the Religious organizations industry make up 36.2 percent of the jobs lost during the period in Essex County, New York.

Top 5 Industries
1. Religious organizations (437 jobs lost)
2. Building material and supplies dealers (198 jobs lost)
3. Grocery stores (153 jobs lost)
4. Social advocacy organizations (45 jobs lost)
5. RV parks and recreational camps (43 jobs lost)

Total Five-Year Employment Growth in Essex County

Of the industries (4-digit NAICS) in the area, the Unclassified industry has grown the most with 76 total jobs brought in during the period. The growth in the Unclassified industry makes up 18.8 percent of the total number of new jobs in Essex County.

Top 5 Industries
1. Unclassified (76 new jobs)
2. Other specialty trade contractors (57 new jobs)
3. Elementary and secondary schools (40 new jobs)
4. Accounting and bookkeeping services (28 new jobs)
5. Full-service restaurants (21 new jobs)

Given the 57 industries with industry data reported by the BLS in each quarter, 28 showed an escalation in the number employed, while 28 industry sectors accounting for employment declines during that time period.





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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