Wednesday, January 24, 2007

Springfield One-Year Industry Employment Change

Employment for all industries has increased by 1.1 percent since the 2nd Quarter of 2005. This is greater than growth in Ohio, which experienced a gain of 0.4 percent from 2005 (2nd Quarter). The gains in the area were less than than the gain felt at the national level of 2 percent.

The Springfield Metro Area: One-Year Percentage Growth in Employment

The Nondepository credit intermediation industry has gone through the largest job growth by percent, increasing by 131.9 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Springfield has increased employment faster than the overall industry growth seen in the State of Ohio, where this industry saw a loss of 1.4 percent. The Nondepository credit intermediation industry in Springfield outpaced the national average, which felt a gained 2 percent.

Top 5 Industries
1. Nondepository credit intermediation (131.9 percent gain)
2. Warehousing and storage (91.4 percent gain)
3. Motor vehicle and parts merchant wholesalers (55.7 percent gain)
4. Department stores (49.2 percent gain)
5. Securities and commodity contracts brokerage (44.7 percent gain)

The Springfield Metro Area: One-Year Percentage Decline in Employment

The Computer systems design and related services industry has lost the largest amount of employment in terms of percentage, losing 66.9 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 sector has felt in the State of Ohio, where the it saw a gain of 5.9 percent. The losses in the Computer systems design and related services industry in Springfield outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 6.8 percent in terms of employees in the Computer systems design and related services industry.

Top 5 Industries
1. Computer systems design and related services (66.9 percent decline)
2. Spring and wire product manufacturing (65.4 percent decline)
3. Other miscellaneous manufacturing (35.6 percent decline)
4. Business support services (34.7 percent decline)
5. Other schools and instruction (33.7 percent decline)

Total One-Year Employment Growth in the Springfield Metro Area

The Department stores industry has brought the most jobs with a total of 392 new jobs created in the period. The job growth in the Department stores industry makes up 20.3 percent of the total growth in Springfield.

Top 5 Industries
1. Department stores (392 new jobs)
2. Nursing care facilities (243 new jobs)
3. Insurance agencies, brokerages, and related (214 new jobs)
4. Nondepository credit intermediation (123 new jobs)
5. Individual and family services (100 new jobs)

Of the 122 4-digit NAICS industries, 62 accounted an for increase in employment during the period and 58 industries reported a drop in employment.

Total One-Year Employment Decline in the Springfield Metro Area

From of the area's 4-digit NAICS industries, the Spring and wire product manufacturing industry experienced most substantial job loss, losing 154 jobs in that time period. The declines in the Spring and wire product manufacturing industry make up 10.9 percent of the jobs lost during the period in Springfield, OH.

Top 5 Industries
1. Spring and wire product manufacturing (154 jobs lost)
2. Grocery stores (152 jobs lost)
3. Computer systems design and related services (99 jobs lost)
4. Home health care services (92 jobs lost)
5. Limited-service eating places (70 jobs lost)

In the Springfield, OH metro area, the aggregate employment for all industry sectors has increased by 481 total jobs from 2005 to 2006.





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.

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