Friday, February 23, 2007

New York County Five-Year Industry Employment Change

New York County Five-Year Percentage Decline in Employment

The Architectural and structural metals mfg. industry has lost the largest amount of employment in terms of percentage, losing 89.5 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has felt in the State of New York, where the industry reported a loss of 5.9 percent. The losses in the Architectural and structural metals mfg. industry in New York County outpaced the US in terms of percent of decline of industry employment. The US lost 3 in percent of jobs in the Architectural and structural metals mfg. industry.

Top 5 Industries
1. Architectural and structural metals mfg. (89.5 percent decline)
2. Computer and peripheral equipment mfg. (80.6 percent decline)
3. Semiconductor and electronic component mfg. (77.9 percent decline)
4. Metalworking machinery manufacturing (73.4 percent decline)
5. Scheduled air transportation (71.7 percent decline)

New York County Five-Year Percentage Growth in Employment

The Unclassified industry has witnessed the largest percentage of employment expansion, increasing by 206.2 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in New York County has expanded slower than the growth seen in the industry for New York, where the industry felt a gain of 208.5 percent. The Unclassified industry in New York County outpaced the United States, which experienced a gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (206.2 percent gain)
2. Scenic and sightseeing transportation, land (187.3 percent gain)
3. Remediation and other waste services (185.8 percent gain)
4. Motor vehicle and parts merchant wholesalers (170.4 percent gain)
5. RV parks and recreational camps (141.3 percent gain)

Employment for all industries has decreased by 3.5 percent since the 2nd Quarter of 2001. This is greater than growth in the State of New York, which went through a loss of -1.0 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.

Total Five-Year Employment Growth in New York County

The Unclassified industry has accounted the most employment growth with a total of 9,033 total jobs brought in during the period. The growth in the Unclassified industry makes up 8.0 percent of the total employment growth in New York County.

Top 5 Industries
1. Unclassified (9,033 new jobs)
2. Home health care services (8,520 new jobs)
3. Accounting and bookkeeping services (7,985 new jobs)
4. Individual and family services (6,575 new jobs)
5. Full-service restaurants (5,956 new jobs)

In New York County, New York, the entire sum of jobs in all industries overall has decreased by 67,755 jobs between mid-2001 and mid-2006.

Out of the 206 4-digit NAICS industries, 121 described an expansion of jobs throughout the time period, while 85 industry sectors reported declines during the time period.

Total Five-Year Employment Decline in New York County

Given the industries in the area, the Securities and commodity contracts brokerage industry witnessed the largest drop in employment, losing a total of 25,745 jobs during the period. The employment lost in the Securities and commodity contracts brokerage industry make up 14.3 percent of the jobs lost during the period in New York County, New York.

Top 5 Industries
1. Securities and commodity contracts brokerage (25,745 jobs lost)
2. Employment services (15,245 jobs lost)
3. Cut and sew apparel manufacturing (11,630 jobs lost)
4. Depository credit intermediation (8,907 jobs lost)
5. Wired telecommunications carriers (8,420 jobs lost)





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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