Glens Falls, NY

Glens Falls Metro Area industry wages have increased by 18.0% percent since 2001

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Since 2001, industry wages increased in the Glens Falls Metro Area by a total of 18.0%. This is greater than the growth in wages for the State of New York and greater than the growth in industry wages across the US.

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.

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

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The average total wages in all industries in Glens Falls, NY can be described as medium-low when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 38.6 percent lower than the state, which was reported to be $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.

Glens Falls Five-Year Industry Employment Change

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The Glens Falls Metro Area: Five-Year Percentage Growth in Employment

The Unclassified industry has gone through the largest job growth by percent, increasing by 436.3 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Glens Falls has grow faster than the growth seen in the industry for New York, where the industry took a gain of 208.5 percent. The Unclassified industry in Glens Falls outpaced the national average, which felt a gained 1.7 percent of the employment in this industry.

Top 5 Industries
1. Unclassified (436.3 percent gain)
2. Religious organizations (312.7 percent gain)
3. Building finishing contractors (78.0 percent gain)
4. Residential mental health facilities (69.9 percent gain)
5. Other motor vehicle dealers (59.5 percent gain)

The Glens Falls Metro Area: Five-Year Percentage Decline in Employment

The Private households industry has lost the largest amount of employment in terms of percentage, losing 57.7 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the New York, where the it saw a loss of 8.5 percent. The losses in the Private households industry in Glens Falls outpaced the US in terms of percent of decline of industry employment. The US gained 19.8 percent in terms of employment in the Private households industry.

Top 5 Industries
1. Private households (57.7 percent decline)
2. Beer, wine, and liquor stores (53.4 percent decline)
3. Management and technical consulting services (52.1 percent decline)
4. Specialty food stores (42.6 percent decline)
5. Specialized freight trucking (24.5 percent decline)

Total industry employment has increased by 6.6 percent from 2001 (2nd Quarter). These figures are less than percent in the State of New York, experiencing a loss of 1 percent from the 2nd Quarter of 2001. The gains in the area were greater than than the gain experienced overall in the US of 2.6 percent.

In the Glens Falls, NY metro area, the total number of jobs throughout all industries has increased by 2,664 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Decline in the Glens Falls Metro Area

Of the area's industries (4-digit NAICS), the Private households industry experienced most substantial job loss, losing 107 jobs during the time period. The jobs lost in the Private households industry make up 19.7 percent of the total employment decline in Glens Falls, NY.

Top 5 Industries
1. Private households (107 jobs lost)
2. Beer, wine, and liquor stores (88 jobs lost)
3. Machine shops and threaded product mfg. (63 jobs lost)
4. Specialty food stores (61 jobs lost)
5. Automotive repair and maintenance (31 jobs lost)

Total Five-Year Employment Growth in the Glens Falls Metro Area

From the industries (4-digit NAICS) in the area, the Religious organizations industry has grown the most with 510 employees finding new jobs in the industry. The employment growth in the Religious organizations industry makes up 19.0 percent of the growth in Glens Falls.

Top 5 Industries
1. Religious organizations (510 new jobs)
2. Offices of physicians (296 new jobs)
3. Residential mental health facilities (224 new jobs)
4. Building material and supplies dealers (201 new jobs)
5. Unclassified (180 new jobs)

Given the 51 4-digit NAICS industries, 17 accounted an for increase in employment during the period and 34 industries reported employment loss in the period.

Glens Falls One-Year Industry Employment Change

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Total One-Year Employment Growth in the Glens Falls Metro Area

From the industries (4-digit NAICS) in the area, the Unclassified industry has grown the most with 120 employees finding new jobs in the industry. The employment growth in the Unclassified industry makes up 17.1 percent of the total employment growth in Glens Falls.

Top 5 Industries
1. Unclassified (120 new jobs)
2. Building foundation and exterior contractors (58 new jobs)
3. Building equipment contractors (43 new jobs)
4. Building material and supplies dealers (40 new jobs)
5. Other motor vehicle dealers (39 new jobs)

In the Glens Falls, NY metro area, the total number of jobs throughout all industries has increased by 396 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Of the 63 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 27 described an expansion of jobs throughout the time period, while 36 industries reported a drop in employment.

Total One-Year Employment Decline in the Glens Falls Metro Area

Given the industries in the area, the Full-service restaurants industry has lost the most employment with a total loss of 114 jobs. The declines in the Full-service restaurants industry make up 24.1 percent of the total job loss in Glens Falls, NY.

Top 5 Industries
1. Full-service restaurants (114 jobs lost)
2. Gasoline stations (68 jobs lost)
3. Residential mental health facilities (32 jobs lost)
4. Auto parts, accessories, and tire stores (24 jobs lost)
5. Office supplies, stationery, and gift stores (22 jobs lost)

The Glens Falls Metro Area: One-Year Percentage Growth in Employment

The Unclassified industry has gone through the largest job growth by percent, increasing by 117.3 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Glens Falls has expanded faster than the growth seen in the industry for New York, where the industry took a gain of 61 percent. The Unclassified industry in Glens Falls outpaced the national average, which felt a gained 12.1 percent in this industry.

Top 5 Industries
1. Unclassified (117.3 percent gain)
2. Business support services (27.2 percent gain)
3. Other motor vehicle dealers (21.9 percent gain)
4. Building foundation and exterior contractors (20.0 percent gain)
5. Machinery and supply merchant wholesalers (18.4 percent gain)

Employment for all industries has increased by 0.9 percent from the reported values in 2005. These values are less than growth in the State of New York, experiencing a gain of 1 percent from the 2nd Quarter of 2005. The gains were less than than the gain felt at the national level of 2 percent.

The Glens Falls Metro Area: One-Year Percentage Decline in Employment

The Farm product raw material merch. whls. industry has lost the largest amount of employment in terms of percentage, losing 27.7 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 loss of 10 percent. The losses in the Farm product raw material merch. whls. industry in Glens Falls outpaced the US in terms of percent of decline of industry employment. The US lost 1.3 percent in terms of employment in the Farm product raw material merch. whls. industry.

Top 5 Industries
1. Farm product raw material merch. whls. (27.7 percent decline)
2. Book, periodical, and music stores (25.5 percent decline)
3. Promoters of performing arts and sports (23.8 percent decline)
4. Logging (16.2 percent decline)
5. Direct selling establishments (11.3 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.

Income and Poverty in Glens Falls, NY

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The poverty rate in the Glens Falls, NY Metro has increased by 0.2 percent from the levels reported in the Decennial Census of 2000, moving from 9.6 percent to 9.8 percent.

In Glens Falls, NY White headed households reported household income (in 2005 Dollars) of $45,190 according to the 2000 Dencennial Census, which was 0.3 percent greater than the median in the year 2000. The American Indian and Alaska Native households in Glens Falls reported a median household income of $42,007, which was 6.8 percent less than the median income level in this area. Hispanic in Glens Falls, NY recorded a median income of $31,322, which is 30.5 percent less than the areas median income level for all households. It was reported in 2000 that the Asian headed households had median household incomes of $66,071. This household income level is 46.6 percent greater than the reported median household income for all households in the area. Black or African American headed households had a median household income that was 13.2 percent less than the overall median reported in 2000, with a reported median of $39,122.

While household income level experienced a growth from 2000 to 2005 in the Glens Falls, NY metro area, the Race/Ethnicity category that saw the sharpest growth in household income was the Hispanic category. This group felt an increase of 5.9 percent from 2000 to 2005. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income growth in Glens Falls, experiencing a 1704151 percent decline in household income, since the reported levels in 2000.

Evaluated with other MSAs across the nation, the Glens Falls metro area can be considered to have a poverty rate amid the residents with a poverty rate of 9.6 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 31.5 percent of the 2000 residents living in poverty. People aged 6 to 11 years are witness to the most percent living in poverty in Glens Falls, accounting 16 percent of this age cohort living in poverty.

When analyzed against other Metropolitan Statistical Areas in the US, the Glens Falls metro area accounted a medium-high median income for households of $45,075 (Adjusted to 2005 Dollars). This is 12.6 percent lower than the median in State of &statename of $50,770 and this is 9 percent lower than the median for the rest of the nation, which is a reported $49,133.

The household income has increased a small amount from the inflation-adjusted 2000 income levels. The income level has increased to $45,895, which amounts to a 1.8 percent growth. The Glens Falls, NY MSA, in terms of percentage of growth, ranks 16 of 28 metro area in percent of growth for median household income in the State of &statename. Glens Falls ranks 16 of 28 metro area when analyzing the growth in household income across the nation.

Higher Education in the Glens Falls, NY Metro Area

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Reported by the 2005 American Community Survey in the Glens Falls, NY Metro Area, many men in the area have reached the High School Diploma category, with 41.2 percent reaching this education level. The female population in the Glens Falls metro area have achieved a greater level of higher education (Bachelors or Higher) than men; 21.8 percent (Men) versus 23.6 percent (Women). A high proportion of the female population in the area has reached the High School Diploma category, with 35.4 percent of the women population in the area achieving this level of education.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has increased by 2.8 percent. By the year 2005, 21.8 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has increased by a total of 4.8 percent. By 2005, a total of 23.6 percent of the female population had achieved this level of education.

Since the year 2000, the Glens Falls metro area has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 4.0 percent to a total of 22.8 percent in 2005, as reported by the American Community Survey. The proportion of the 2005 population having received at least a BA is less than the State of New York percent of 31.2 and less than the national percent of 27.2.

Glens Falls, NY Metro Area has a moderately-educated working age population, with 22.8 percent of the population (+25) having received a BA or higher, as reported in American Community Survey of 2005. The Glens Falls MSA is reported having a lower percent of individuals with higher educations than the State of New York's proportion of 31.2 percent and a lower percent than the national average of 27.2 percent.

In the Glens Falls, NY Metro Area as reported in the 2005 American Community Survey, 22.8 percent of the White Alone, . percent of Black or African American, . percent of the Asian alone and . percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

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

Demographic Profile for Glens Falls, NY

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The Glens Falls metro area had an estimated population of 128,572 for the year 2005. The total population has increased, from the population in the year 2000 of 124,358. This growth shows an increase of 3.4 percent. Glens Falls ranks 5 of 12 MSAs in terms of population growth in New York and the metro area ranks 249 of 361 metro areas when calculating the total change in MSA population across the US.

The Glens Falls metropolitan statistical area (MSA) has a population that is comprised of 94.9 percent White, 1.8 percent African American, 0.5 percent Asian, and 2 percent Hispanic. The area population base can be described as having a very modest level of diversity in terms of race and ethnicity, with 4.3 percent minorities. This is less than the State of New York percent of 37.7. Since 2000, Glens Falls has increased the level of diversity when 3.7 percent of the population were minorities.

Since 2000, a low amount of people migrated into the Glens Falls metro area, with 311 people migrating in internationally. The migration from outside the US into Glens Falls accounts for 0 percent of the total international migration into the State of New York. This level of international migration can be considered low when comparing levels of immigration per population in 2005.

When calculating the total land area, the Glens Falls metro area spans a total of 1705 square miles. The MSA has a medium-low population density of 75 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Kennewick-Richland-Pasco (75 per sq. mile ), Alexandria (75 per sq. mile ), Tuscaloosa (75 per sq. mile ), -- less densely populated -- Hinesville-Fort Stewart (75 per sq. mile ), Santa Fe (74 per sq. mile ), Eugene-Springfield (74 per sq. mile ).

The U.S. Census Bureau, in the year 2005, estimated the median age in the Glens Falls metro area to be 40.0 years of age. The median in Glens Falls is greater than the median age in New York of 37.5. From 2000, the area has seen an increase in the median age, when it was 38.3 years of age. With a total of 51.3 percent of the 2005 population being made up of children and youth younger than 18, Glens Falls can be understood as having a medium-low proportion of youths. The working age population group (18-64) has a medium-low presence of the 2005 population base, with 62 percent of the population falling in this age category. The retirement (65 and over) group makes up 15.9 percent of the population. When compared to other metro areas in the United States, this represents a medium-high proportion of the area population base.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Glens Falls

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Throughout the State of New York, Glens Falls stands 2 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 254 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

Glens Falls can be understood as having a medium proportion of high-valued homes. For the year 2005, the American Community Survey counted that 3.4 percent of the homes were valued over $500,000.

Glens Falls recorded median owner-occupied home value in the year 2005 of $121,500, published by the American Community Survey. This value is less than the New York 2005 median home value of $258,900 and less than median owner-occupied dwelling value of $167,500 across the United States during the same year.

In Glens Falls, there were a total of 64,408 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a total of 2,205 housing units since the year 2001, or 3.5 percent.

The residential real estate values in Glens Falls, New York have seen large increases since their reported values in 2000. The values have increased by $33,900, or 38.7 percent, from their 2000 median values of $87,600.

According to the data, there is a large amount of affordable housing in Glens Falls, New York. In 2005, 51.8 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

Employment Report for Glens Falls, New York -- Annual 2005 Industry Summary

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In Glens Falls, Arts, entertainment, and recreation, Accommodation and food services and Health care and social assistance have the highest US LQ in 2005. The Arts, entertainment, and recreation sector has a United State LQ of 2.04. In other words, the percent of total jobs in the Arts, entertainment, and recreation sector is 2.04 times the percent of the national average, This signifies that Glens Falls may specialize, or be an exporter of Arts, entertainment, and recreation.

A top paying industry in Glens Falls is the wholesale trade sector with an annual pay of $44,295. From the year 2001, the industry annual average pay has grown by 5.9 percent or $2,450. The State of New York shows a different pattern in the wholesale trade sector, placing in the middle of sectors by 2004 industry pay.

Educational services saw the biggest increase in jobs since the year 2001 in Glens Falls, increasing by 25.4 percent. This is greater than the rate of employment change across the nation of 13.8 percent. The State of New York experienced a change in employment in the sector of 10.9 percent, in the recent period of 2001-2005.

Manufacturing has a largest number of employees per establishment in Glens Falls Metropolitan Area (MSA), averaging 40 employees per business. This is greater than the industry's national average of 39 and greater than the New York establishments size average of 30 for the Manufacturing industry.

In Glens Falls, Retail Trade, Health care and social assistance, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the major employer in the Metropolitan Area making up 17.6 percent of all the jobs in the Metropolitain Area. This makes up 7,477 individuals. The Health care and social assistance and Manufacturing sectors account for 17 and 16.1 percent of industry employment.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).