Friday, February 23, 2007

Saratoga County Five-Year Industry Employment Change

Saratoga County Five-Year Percentage Growth in Employment

The Other financial investment activities industry has gone through the largest job growth by percent, increasing by 990.9 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Saratoga County has grow faster than the industry has grown in the State of New York, where the industry took a gain of 13.6 percent. The Other financial investment activities industry in Saratoga County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 20 percent of the industry employment.

Top 5 Industries
1. Other financial investment activities (990.9 percent gain)
2. Activities related to credit intermediation (533.9 percent gain)
3. Unclassified (421.2 percent gain)
4. Securities and commodity contracts brokerage (346.8 percent gain)
5. Data processing and related services (287.5 percent gain)

Employment for all industries has increased by 13.8 percent since the 2nd Quarter of 2001. This is less than growth in the State of New York, experiencing a loss of -1.0 percent since the 2nd Quarter of 2001. The gains were greater than than the gain seen for the United States of 2.6 percent.

Saratoga County Five-Year Percentage Decline in Employment

The Vocational rehabilitation services industry has lost the largest amount of employment in terms of percentage, losing 87.8 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 has seen in the New York, where the industry sector experienced a loss of 4.3 percent. The losses in the Vocational rehabilitation services industry in Saratoga County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 2.3 in percent of jobs in the Vocational rehabilitation services industry.

Top 5 Industries
1. Vocational rehabilitation services (87.8 percent decline)
2. Metalworking machinery manufacturing (78 percent decline)
3. Commercial machinery repair and maintenance (68.8 percent decline)
4. Drinking places, alcoholic beverages (51.8 percent decline)
5. Misc. nondurable goods merchant wholesalers (49.1 percent decline)

Given the 128 industries with industry data reported by the BLS in each quarter, 38 accounted an for increase in employment during the period and 90 industries reported a drop in employment.

Total Five-Year Employment Growth in Saratoga County

The Full-service restaurants industry has brought the most jobs with a total of 984 employees finding new jobs in the industry. The employment growth in the Full-service restaurants industry makes up 9.0 percent of the growth in Saratoga County.

Top 5 Industries
1. Full-service restaurants (984 new jobs)
2. Other financial investment activities (760 new jobs)
3. Activities related to credit intermediation (676 new jobs)
4. Other general merchandise stores (612 new jobs)
5. Building equipment contractors (515 new jobs)

Total Five-Year Employment Decline in Saratoga County

Of the area's industries (4-digit NAICS), the Employment services industry faced the greatest employment loss with a total loss of 671 jobs during the time period. The jobs lost in the Employment services industry make up 20.6 percent of the total employment decline in Saratoga County, New York.

Top 5 Industries
1. Employment services (671 jobs lost)
2. Vocational rehabilitation services (481 jobs lost)
3. Printing and related support activities (273 jobs lost)
4. Motor vehicle and parts merchant wholesalers (168 jobs lost)
5. Civic and social organizations (166 jobs lost)

In Saratoga County, New York, the total number of workers for all sectors has increased by 7,672 total jobs from 2001 to 2006.





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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