Tuesday, February 27, 2007

Syracuse Metro Area Industry Wages Lag Behind New York, and Wages Lag Behind the United States Industry Wages


(Click Image to Enlarge Graph)



Wages in all industries in Syracuse, NY can be described as medium-high when analyzed with other Metro Areas in the United States. The overall wages are 27.3 percent lower than the state, which was reported to be $50,107. The overall industry wage 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.

Sunday, February 11, 2007

Syracuse Five-Year Industry Employment Change

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

The Unclassified industry has witnessed the largest percentage of employment expansion, increasing by 260.0 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Syracuse has grow faster than the growth seen in the industry for New York, where it saw a gain of 208.5 percent. The Unclassified industry in Syracuse outpaced the nation in terms of industry employment growth . During this period, the nation gained 1.7 percent.

Top 5 Industries
1. Unclassified (260.0 percent gain)
2. Management and technical consulting services (87.6 percent gain)
3. Individual and family services (49.6 percent gain)
4. Offices of other health practitioners (36.9 percent gain)
5. Other specialty trade contractors (30.0 percent gain)

Total industry employment has decreased by 2.4 percent since the 2nd Quarter of 2001. This is greater than growth in New York, experiencing a loss of 1 percent since the 2nd Quarter of 2001. The losses in the area were greater than than the gain felt at the national level of 2.6 percent.

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

The HVAC and commercial refrigeration equipment industry has lost the biggest percent of jobs, losing 58.4 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has felt in the State of New York, where the industry sector experienced a loss of 35.1 percent. The losses in the HVAC and commercial refrigeration equipment industry in Syracuse outpaced the US in terms of percent of decline of industry employment. The US lost 17.3 percent in terms of employment in the HVAC and commercial refrigeration equipment industry.

Top 5 Industries
1. HVAC and commercial refrigeration equipment (58.4 percent decline)
2. Misc. nondurable goods merchant wholesalers (47.2 percent decline)
3. Highway, street, and bridge construction (41.9 percent decline)
4. Furniture stores (40.4 percent decline)
5. Civic and social organizations (39.4 percent decline)

Total Five-Year Employment Decline in the Syracuse Metro Area

From of the area's 4-digit NAICS industries, the HVAC and commercial refrigeration equipment industry witnessed the largest drop in employment, losing a total of 2,257 jobs in that time period. The declines in the HVAC and commercial refrigeration equipment industry make up 25.4 percent of the total employment decline in Syracuse, NY.

Top 5 Industries
1. HVAC and commercial refrigeration equipment (2,257 jobs lost)
2. Machinery and supply merchant wholesalers (794 jobs lost)
3. Insurance carriers (698 jobs lost)
4. Civic and social organizations (407 jobs lost)
5. Services to buildings and dwellings (398 jobs lost)

Given the 74 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 39 showed an escalation in the number employed, while 35 industries reported employment loss in the period.

Total Five-Year Employment Growth in the Syracuse Metro Area

From the industries (4-digit NAICS) in the area, the Individual and family services industry has added the most employment with 1,288 new jobs created in the period. The job growth in the Individual and family services industry makes up 14.1 percent of the growth in Syracuse.

Top 5 Industries
1. Individual and family services (1,288 new jobs)
2. Offices of physicians (902 new jobs)
3. Unclassified (743 new jobs)
4. Limited-service eating places (729 new jobs)
5. Depository credit intermediation (672 new jobs)

In the Syracuse, NY metro area, the total number of workers for all sectors has decreased by 6,186 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

 

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