Springfield, OH

Springfield Metro Area industry wages have increased by 7.5% percent since 2001

2007-03-19T01:50:00.000-07:00

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Industry wages, from 2001 to 2006, have increased in the Springfield Metro Area by a total of 7.5%. This is less than the growth in industry wages for Ohio and less than the growth in average wages for 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.

Springfield Metro Area Industry Wages Lag Behind Ohio, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:59:00.000-08:00

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Total wages in all industries in Springfield, OH when analyzed can be understood as being medium-low when compared to other Metro Areas throughout the US in the 2nd quarter of 2006. The industry wages are 17.2 percent lower than the with an state average of $36,666. The average industry wage was less than the national industry average 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.

Springfield Five-Year Industry Employment Change

2007-02-11T20:05:00.000-08:00

Employment for all industries has decreased by 8.7 percent since the 2nd Quarter figures of 2001. This change is greater than growth in Ohio, experiencing a loss of 2.8 percent from 2001 (2nd Quarter). The losses were greater than than the gain felt at the national level of 2.6 percent.

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

The Insurance carriers industry has lost the biggest percent of jobs, losing 90.7 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of Ohio, where the industry felt a gain of 0.2 percent. The losses in the Insurance carriers industry in Springfield outpaced the United States industry losses overall. During this period, the United States lost 3.3 percent in terms of employment in the Insurance carriers industry.

Top 5 Industries
1. Insurance carriers (90.7 percent decline)
2. Other professional and technical services (76.5 percent decline)
3. Gasoline stations (69.6 percent decline)
4. Motor vehicle body and trailer manufacturing (66.5 percent decline)
5. Lawn and garden equipment and supplies stores (66.1 percent decline)

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

The Management of companies and enterprises industry has gone through the largest job growth by percent, increasing by 932.5 percent from 2001 to 2006. This industry in Springfield has increased employment faster than the industry has grown in the State of Ohio, where the industry felt a gain of 25.1 percent. The Management of companies and enterprises industry in Springfield outpaced the national average, which felt a gained 3.5 percent of the employment in this industry.

Top 5 Industries
1. Management of companies and enterprises (932.5 percent gain)
2. Insurance agencies, brokerages, and related (698.4 percent gain)
3. Individual and family services (200.2 percent gain)
4. Electronic markets and agents and brokers (154.0 percent gain)
5. Converted paper product manufacturing (122.0 percent gain)

Total Five-Year Employment Decline in the Springfield Metro Area

Given the industries in the area, the Gasoline stations industry faced the greatest employment loss with a total loss of 1,016 jobs during the period. The employment lost in the Gasoline stations industry make up 19.0 percent of the total job loss in Springfield, OH.

Top 5 Industries
1. Gasoline stations (1,016 jobs lost)
2. Employment services (525 jobs lost)
3. Other general merchandise stores (317 jobs lost)
4. Other professional and technical services (315 jobs lost)
5. Full-service restaurants (212 jobs lost)

Total Five-Year Employment Growth in the Springfield Metro Area

Of the industries (4-digit NAICS) in the area, the Insurance agencies, brokerages, and related industry has brought the most jobs with a total of 1,415 total jobs brought in during the period. The growth in the Insurance agencies, brokerages, and related industry makes up 27.5 percent of the growth in Springfield.

Top 5 Industries
1. Insurance agencies, brokerages, and related (1,415 new jobs)
2. Management of companies and enterprises (774 new jobs)
3. Limited-service eating places (407 new jobs)
4. Individual and family services (335 new jobs)
5. Nursing care facilities (332 new jobs)

In the Springfield, OH metro area, the total number of jobs throughout all industries has decreased by 4,203 jobs from mid-2001 to mid-2006.

Of the 109 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 60 described an expansion of jobs throughout the time period, while 46 industries reported employment loss in the period.

Springfield One-Year Industry Employment Change

2007-01-24T17:35:00.000-08:00

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.

Income and Poverty in Springfield, OH

2007-01-11T18:35:00.000-08:00

While the median household income saw a decline during the period of 2000 to 2005 in the Springfield, OH metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic Race/Ethnicity category. This category went through a decline of 58 percent from 2000 to 2005. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Springfield, undergoing a 72.7 percent increase in median income, since the values reporting the 2000 Decennial Census.

When put side-by-side with other Metros throughout the United States, the Springfield metro area can be considered to have a medium-low poverty rate amid the residents with a poverty rate of 10.3 percent of people living in a family with an income below the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 24.4 percent of the 2000 residents living in poverty. People aged Under 5 years have the most percent of people living in poverty in Springfield, with 16.6 percent of this demographic group living with incomes under poverty.

The American Indian and Alaska Native households in Springfield reported a median household income of $42,246, which was 13.1 percent less than the median for all households. Black or African American householders reported a median household income that was 33 percent less than the all population median published in the 2000 Census, with a median of $32,577. Hispanic headed households in Springfield, OH reported a median household income of $41,598, this median is 14.4 percent less than the median reported for all households in the area. In Springfield, OH White headed households reported household income (in 2005 Dollars) of $51,541 as reported by the Decennial Census of 2000, which was 6 percent greater than the median in 2000. The Asian headed households reported median household incomes of $60,235. This median income level is 23.9 percent greater than the reported median for all households in the area.

The rate of poverty in the Springfield, OH Metro has increased by 6.1 percent from the levels reported in the Decennial Census of 2000, moving from 10.3 percent to 16.4 percent.

The areas median household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $39,319, which amounts to a 19.1 percent decline. The Springfield, OH MSA, in terms of percentage of decline, ranks 2 of 10 metro area in percent of decline for the household income level in the State of Ohio. Springfield ranks 10 of 233 metro area when comparing total percent of decline in median income level for the United States.

Compared to Metro Areas across the United States, the Springfield metro area had a medium-high median income for households of $48,614 (2005 Dollars). This median is 1.4 percent higher than the median in Ohio of $47,919 and the income level is 1.1 percent lower than the median household income in the United States of $49,133.

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

Higher Education in the Springfield, OH Metro Area

2006-12-19T22:45:00.000-08:00

Springfield, OH Metro Area can be considered to have a less-educated population of the working age, with 17 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Springfield MSA counted a lower percent of the population with at least a Bachelors than the State of Ohio's proportion of 23.4 percent and a lower percent than the average across the nation of 27.2 percent.

Since 2000, the Springfield metro area has decreased in the population percent with a Bachelors of Higher. This population percent has declined by 5.2 percent to a total of 17 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is less than the State of Ohio percent of 23.4 and less than the US percent of 27.2.

The American Community Survey reported that in the Springfield, OH Metro Area, many men in the area have reached the High School Diploma category, with 42.4 percent obtaining this level of education. The women in the Springfield metro area have attainment on average a lower level of higher education (Bachelors or Higher) than the men in the area: 18.8 percent (Men) versus 15.2 percent (Women). A high proportion of the female population in the area has reached the High School Diploma category, with 40.8 percent of the women population in the area achieving this level of education.

From 2000 to 2005, the percent of male population that is highly educated has decreased by 6.2 percent. In the year 2005, 18.8 percent of total male population (over 25), in this area, held at least a Bachelors Degree. At the same time, the percent of women (over 25) holding a BA or higher has decreased by a total of 4.6 percent. By the year 2005, a total of 15.2 percent of the female population having received at least a Bachelors Degree.

In the Springfield, OH Metro Area according to the American Community Survey of 2005, 17.6 percent of the White Alone, 10 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 Springfield, OH

2006-12-03T06:06:00.000-08:00

When measuring the total land area, Springfield extends a total area of 400 square miles. This area has a medium-high population density of 356 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- Oshkosh-Neenah (364 per sq. mile ), Springfield (372 per sq. mile ), Boulder (378 per sq. mile ), -- less densely populated -- Rochester (354 per sq. mile ), Knoxville (353 per sq. mile ), Erie (350 per sq. mile ).

Springfield, OH had an estimated population of 142,376 in the year 2005. The population has decreased, since the 2000 total population of 144,647. The decline shows a decrease of -1.6 percent. Springfield ranks 7 of 12 MSAs when analyzing total population change in Ohio and the metro area ranks 336 of 361 metro areas by growth in MSA population in the United States.

From 2000, a low number of individuals migrated to the Springfield, with 170 people migrating in internationally. The international migration into Springfield totals 0.2 percent of the total international migration into the State of Ohio. This amount of international migration is low when analyzed against immigration per population in 2005.

Springfield, OH has a population that is comprised of 87.1 percent White, 8.9 percent African American, 0.6 percent Asian, and 1.5 percent Hispanic. The area population base can be described as having a modest level of racial and ethnic diversity, with 11.0 percent of the population made up of minorities. This is less than the State of Ohio percent of 15.5. Since 2000, Springfield has increased the level of diversity when 10.7 percent of the total population were minorities.

In 2005, the Census Bureau estimated the median age in Springfield, OH to be 38.2 years old. The median in Springfield is greater than the median age in Ohio of 37.6. Since the year 2000, the area has seen an increase in the median age, at that time the median was 36.6 years of age. With a total of 92.1 percent of the 2005 population being comprised of individuals under the age of 18, Springfield can be described as having a medium-low percent of people under 18. The 18 to 64 years old population group has a medium-low representation within the population, making up 61.1 percent of the population within the age category. People 65 years old and older make up 16.8 percent of the total population in the area. Compared to other metro areas in the US, this represents a medium-high percent of the population base.

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

Housing Report for Springfield

2006-11-11T21:00:00.000-08:00

The residential real estate values in Springfield, Ohio have seen small increases from the housing values in 2000. The residential values have increased by $8,600, or 8.7 percent, from 2000 when they had reported median values of $99,000.

In the State of Ohio, Springfield is positioned 12 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 353 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

Springfield had a median home value in the year 2005 of $107,600, accounted by the American Community Survey. This median is less than the overall State of Ohio 2005 home value of $129,600 and less than median home value of $167,500 for the rest of the nation in that year.

Springfield is made up of a small, but present percentage of high-priced residential real estate. For the year 2005, the American Community Survey accounted that 0.4 percent of owner-occupied dwellings were valued over a half a million dollars.

It can be understood that there is a large amount of real estate that is affordable in Springfield, Ohio. In 2005, 63.2 percent of housing was valued under $125k.

In Springfield, the real estate market was made up of 61,925 housing structures in 2005. The metro area has seen a small amount of growth in the number housing units, adding all together 571 homes since 2001, or 0.9 percent.

Data Source: U.S. Census Bureau

Employment Report for Springfield, Ohio -- Annual 2005 Industry Summary

2006-11-05T03:10:00.000-08:00

Management of companies and enterprises is the industry with the largest change in employment since the year 2001 in Springfield, moving a total of 877.9 percent. This is greater than the change of total jobs in the industry for the United States of 1.6 percent. The State of Ohio encountered a change in industry employment of 22.5 percent, since the year 2001.

Management of companies and enterprises is the industry with the largest establishments in Springfield MSA. In the region, the industry averages 76 employees per business. This is greater than the US industry average of 40 and greater than the Ohio typical size of 71 for the Management of companies and enterprises industry.

A high-wage industry in Springfield is the manufacturing industry with wages that annually pay $43,940. Throughout the MSA since the year 2001, the annual average pay of the industry has declined by 4.7 percent or $2,167. The State of Ohio holds a different job market in the manufacturing sector, standing in the middle of sectors by 2004 industry pay.

In Springfield, Health care and social assistance, Manufacturing and Transportation and Warehousing are the three industries with the highest location quotients. The Health care and social assistance industry has an LQ of 1.48. In other words, the percent of total jobs in the Health care and social assistance sector is 1.48 times the percent of the national average, This signifies that Springfield produces more than its local requirement of products and/or services of Health care and social assistance.

The Manufacturing sector has decreased the most in local industry presence in the Springfield Metro Area, from the year 2001 to 2005, accounting for 24.4 percent of total employment for the year 2001 to 18.7 percent of total employment in the year 2005.

The Springfield is the Metropolitain Area that is ranked 281 of 363 throughout the US in terms the size of total employment in 2005. This ranking has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 250 of 363 Counties.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in the Springfield Metropolitan Area. The industry was hit with a loss of 3,644 jobs during the period, or 30.9 percent of industry's employment. The industry declines made up 45.2 percent of all Metro Area employment losses since 2001.

In Springfield, Health care and social assistance, Manufacturing, and the Retail Trade sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance is the major employer in the Metropolitan Area making up 19.1 percent of the total MSA employment. This totals 8,313 people employed. The Manufacturing and Retail Trade sectors provide 18.7 and 14.6 percent of all employment.

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