Wednesday, January 24, 2007

Oklahoma City One-Year Industry Employment Change

Total One-Year Employment Growth in the Oklahoma City Metro Area

Of the industries (4-digit NAICS) in the area, the Building equipment contractors industry has grown the most with 499 new jobs created in the period. The job growth in the Building equipment contractors industry makes up 5.1 percent of the total number of new jobs in Oklahoma City.

Top 5 Industries
1. Building equipment contractors (499 new jobs)
2. Accounting and bookkeeping services (440 new jobs)
3. Limited-service eating places (430 new jobs)
4. Misc. nondurable goods merchant wholesalers (424 new jobs)
5. Sporting goods and musical instrument stores (400 new jobs)

Of the 147 industries with industry data reported by the BLS in each quarter, 53 described an expansion of jobs throughout the time period, while 93 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Decline in the Oklahoma City Metro Area

Of the area's industries (4-digit NAICS), the Motor vehicle parts manufacturing industry has lost the most employment with a total loss of 1,019 jobs during the time period. The jobs lost in the Motor vehicle parts manufacturing industry make up 17.0 percent of the total job loss in Oklahoma City, OK.

Top 5 Industries
1. Motor vehicle parts manufacturing (1,019 jobs lost)
2. Nursing care facilities (681 jobs lost)
3. Insurance agencies, brokerages, and related (514 jobs lost)
4. Electric goods merchant wholesalers (380 jobs lost)
5. Office supplies, stationery, and gift stores (301 jobs lost)

In the Oklahoma City, OK metro area, the aggregate employment for all industry sectors has increased by 10,542 jobs between mid-2005 and mid-2006.

Total employment has increased by 2.5 percent since the 2nd Quarter figures of 2005. This change is less than growth in Oklahoma, experiencing a gain of 3 percent since 2005 ( 2nd Quarter). The gains were greater than than the gain experienced overall in the US of 2 percent.

The Oklahoma City Metro Area: One-Year Percentage Decline in Employment

The Pharmaceutical and medicine manufacturing industry has lost the largest percent of jobs, losing 42.5 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has gone through in the Oklahoma, where the it saw a loss of 30.1 percent. The losses in the Pharmaceutical and medicine manufacturing industry in Oklahoma City outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 0.5 percent in terms of employment in the Pharmaceutical and medicine manufacturing industry.

Top 5 Industries
1. Pharmaceutical and medicine manufacturing (42.5 percent decline)
2. Motor vehicle parts manufacturing (34.6 percent decline)
3. Electronic shopping and mail-order houses (30.7 percent decline)
4. Electric goods merchant wholesalers (28.7 percent decline)
5. Sound recording industries (23 percent decline)

The Oklahoma City Metro Area: One-Year Percentage Growth in Employment

The Other crop farming industry has gone through the largest job growth by percent, increasing by 59.7 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Oklahoma City has grow faster than the overall industry growth seen in the State of Oklahoma, where the industry took a gain of 19.1 percent. The Other crop farming industry in Oklahoma City outpaced the national average, which felt a lost 2.9 percent in this industry.

Top 5 Industries
1. Other crop farming (59.7 percent gain)
2. Electrical equipment manufacturing (54.3 percent gain)
3. Spectator sports (39.6 percent gain)
4. Coating, engraving, and heat treating metals (35.5 percent gain)
5. Aerospace product and parts manufacturing (33.7 percent gain)





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.

Thursday, January 11, 2007

Income and Poverty in Oklahoma City, OK

Hispanic in Oklahoma City, OK reported a median household income of $33,798, this income level is 21.5 percent less than the median reported for all households in the area. In Oklahoma City, OK White householders had a median household income (in 2005 Dollars) of $46,240 as reported in 2000 by the census, which was 7.4 percent greater than the median household income in 2000. The Asian householders in the area have reported their median household incomes at $38,454. This income level is 10.7 percent less than the all households reported median in the area. The American Indian and Alaska Native householders in Oklahoma City had a median household income level of $35,596, this was 17.3 percent less than the areas median level for all households. Black or African American headed households had median income levels that were 31.6 percent less than the overall median reported in 2000, with a reported median of $29,458.

The household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $40,058, representing a 7 percent decline. The Oklahoma City, OK MSA, when analyzing percentage of decline, ranks 2 of 2 metro area in percent of decline for median household income in the State of Oklahoma. Oklahoma City ranks 139 of 233 metro area when comparing total percent of decline in median income level for the United States.

While household income level experienced a decline during the period of 2000 to 2005 in the Oklahoma City, OK metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic category. This category saw a decline of 29 percent from 2000 to 2005. The American Indian and Alaska Native population category was least influenced by the median household income decline in Oklahoma City, undergoing a 20 percent increase in household income level, since the year 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Oklahoma City metro area may be understood as having a medium-high rate of poverty among the people, accounting a rate of 13.5 percent with a family income under the 1999 poverty level. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 28.6 percent of the 2000 residents living in poverty. People aged Under 5 years are experiencing most percent people in poverty in Oklahoma City, accounting 21.4 percent of this demographic group living with incomes under poverty.

The poverty rate in the Oklahoma City, OK Metro has increased by 2.1 percent since the 2000 rates, moving from 13.5 percent to 15.6 percent.

Compared to Metro Areas across the United States, the Oklahoma City metro area had a medium-low median income for households of $43,052 (2005 Dollars). The income level is 9.2 percent higher than the household income median in State of Oklahoma of $39,078 and this is 14.1 percent lower than the median in the US, which is $49,133.

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

 

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