Monday, January 22, 2007

Love County One-Year Industry Employment Change

Love County One-Year Percentage Decline in Employment

The Gasoline stations industry has lost the largest amount of employment in terms of percentage, losing 30.3 percent of the jobs from 2005 to 2006. These have declined faster than the industry has seen in the Oklahoma, where the industry reported a gain of 5.5 percent. The losses in the Gasoline stations industry in Love County outpaced the US in terms of percent of decline of industry employment. The US lost 0.3 percent in terms of employment in the Gasoline stations industry.

Top 3 Industries
1. Gasoline stations (30.3 percent decline)
2. Building foundation and exterior contractors (8.6 percent decline)
3. Legal services (3.7 percent decline)

Employment for all industries has decreased by 4.4 percent since the 2nd Quarter figures of 2005. This change is greater than growth in Oklahoma, which saw a gain of 3.0 percent since the 2nd Quarter of 2005. The losses the area experienced were greater than than the gain felt at the national level of 2.0 percent.

Love County One-Year Percentage Growth in Employment

The Other specialty trade contractors industry has gone through the largest job growth by percent, increasing by 44.6 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Love County has expanded faster than the industry job growth experienced in Oklahoma, where it saw a gain of 6.5 percent. The Other specialty trade contractors industry in Love County outpaced the United States, which experienced a gained 6.8 percent of the industry employment.

Top 5 Industries
1. Other specialty trade contractors (44.6 percent gain)
2. Building foundation and exterior contractors (38.3 percent gain)
3. Building finishing contractors (36.6 percent gain)
4. Architectural and engineering services (34.7 percent gain)
5. Automotive repair and maintenance (31.5 percent gain)

In Love County, Oklahoma, the aggregate employment for all industry sectors has decreased by 44 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in Love County

Out of the 4-digit NAICS industries, the Legal services industry has brought the most jobs with a total of 0 employees finding new jobs in the industry. The employment growth in the Legal services industry makes up -0.2 percent of the total growth in Love County.

Top 3 Industries
1. Building foundation and exterior contractors (48 new jobs)
2. Other specialty trade contractors (21 new jobs)
3. Building finishing contractors (17 new jobs)









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.

Wednesday, January 10, 2007

Income and Poverty in Love County, Oklahoma

The American Indian and Alaska Native householders in Love County had a median income of $41,925, which was 10.1 percent greater than the median income level in this area. In Love County, Oklahoma White headed households reported household income (in 2005 Dollars) of $38,893 as reported in 2000 by the census, which was 2.1 percent greater than the median income in 2000. Black or African American householders reported household income levels that were 16.5 percent less than the overall reported level in 2000, with a reported median of $31,810. Hispanic Householders in Love County, Oklahoma reported a median household income of $31,612, this median is 17 percent less than the areas median income level for all households.

When compared to other counties (and parishes) throughout the United States, Love County reported a medium-low median income for all households of $38,093 (2005 Dollars). The income level is 2.6 percent lower than the median in State of Oklahoma of $39,078 and the income level is 29 percent lower than the median in the US, which is $49,133.

When put side-by-side with other counties (or parishes) throughout the United States, Love County, Oklahoma can be understood to have a medium-low poverty rate amongst the population, with a poverty rate of 11.8 percent with a family income under the 1999 poverty level. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 23.4 percent of the 2000 population living in poverty. People that are of the age 75 years and over are experiencing most percent people in poverty in Love County, reporting 21.3 percent of this age cohort living in poverty.







Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

 

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