Wednesday, March 21, 2007

In Montgomery County, jobs in the communications equipment manufacturing pay the highest wages


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Employment in the communications equipment manufacturing industry reported the top wages in Montgomery County for the 2nd quarter of 2006. The average worker in the industry in Montgomery County received a wage of $134,127 in 2006. The average wage is greater than the average industry wage in the State of Pennsylvania of $73,142 and greater than then the wage for jobs in this industry in the US of $76,374.

Other top-pay jobs in Montgomery County, Pennsylvania can be found in software publishers ($122,143), other financial investment activities ($118,976), power generation and supply ($95,913) and industrial machinery manufacturing ($94,949) industries. Note: For Detail Comparison, Click the Above Graph

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.

Friday, March 09, 2007

Montgomery County Wages have increased by 20.6% Since 2001


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From 2001 to 2006, average industry wages increased in Montgomery County, Pennsylvania by a total of 20.6%. This is greater than the growth in wages for the State of Pennsylvania and greater than the growth in industry wages across 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.

Tuesday, February 27, 2007

Montgomery County Industry Wages Exceed Pennsylvania, and Wages Exceed the United States


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Total wages in all industries in Montgomery County, Pennsylvania when analyzed can be understood as being very high when analyzed with other Counties in the state. The overall wages are 29.3 percent higher than the state, which accounted an average of $39,178. The industry pay was greater than the US average pay 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.

Friday, February 23, 2007

Montgomery County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Montgomery County

From the industries (4-digit NAICS) in the area, the Scientific research and development services industry has grown the most with 7,407 total jobs brought in during the period. The growth in the Scientific research and development services industry makes up 16.7 percent of the growth in Montgomery County.

Top 5 Industries
1. Scientific research and development services (7,407 new jobs)
2. Management of companies and enterprises (3,128 new jobs)
3. Computer systems design and related services (2,865 new jobs)
4. Services to buildings and dwellings (1,865 new jobs)
5. Investigation and security services (1,778 new jobs)

In Montgomery County, Pennsylvania, the aggregate employment for all industry sectors has decreased by 3,019 jobs between mid-2001 and mid-2006.

Out of the 208 4-digit NAICS industries, 112 described an expansion of jobs throughout the time period, while 95 industries reported employment loss in the period.

Total Five-Year Employment Decline in Montgomery County

Given the industries in the area, the Data processing and related services industry witnessed the largest drop in employment, losing a total of 4,713 jobs in that time period. The declines in the Data processing and related services industry make up 10.1 percent of the total job loss in Montgomery County, Pennsylvania.

Top 5 Industries
1. Data processing and related services (4,713 jobs lost)
2. Aerospace product and parts manufacturing (3,362 jobs lost)
3. Insurance carriers (3,062 jobs lost)
4. Residential mental health facilities (1,860 jobs lost)
5. Employment services (1,628 jobs lost)

The total number of jobs has decreased by 0.7 percent from the reported values in 2001. These values are greater than percent in the State of Pennsylvania, which saw a gain of 0.5 percent since the 2nd Quarter of 2001. The losses were greater than than the gain experienced overall in the US of 2.6 percent.

Montgomery County Five-Year Percentage Growth in Employment

The Waste collection industry has witnessed the largest percentage of employment expansion, increasing by 518.8 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Montgomery County has increased employment faster than the overall industry growth seen in the State of Pennsylvania, where this industry saw a gain of 121.4 percent. The Waste collection industry in Montgomery County outpaced the United States, which experienced a gained 32.7 percent in this industry.

Top 5 Industries
1. Waste collection (518.8 percent gain)
2. Social advocacy organizations (234.6 percent gain)
3. Land subdivision (150.7 percent gain)
4. Local messengers and local delivery (142.1 percent gain)
5. Civic and social organizations (130.1 percent gain)

Montgomery County Five-Year Percentage Decline in Employment

The Foundries industry has lost the largest amount of employment in terms of percentage, losing 84.8 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 experienced in the State of Pennsylvania, where the industry sector experienced a loss of 23.5 percent. The losses in the Foundries industry in Montgomery County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 19.2 in percent of workers in the Foundries industry.

Top 5 Industries
1. Foundries (84.8 percent decline)
2. Unclassified (81.5 percent decline)
3. Internet publishing and broadcasting (80.8 percent decline)
4. Data processing and related services (80.6 percent decline)
5. Aerospace product and parts manufacturing (79.6 percent decline)





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.

Monday, January 22, 2007

Montgomery County One-Year Industry Employment Change

Montgomery County One-Year Percentage Growth in Employment

The Waste collection industry has witnessed the largest percentage of employment expansion, increasing by 147.8 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Montgomery County has increased employment faster than the growth seen in the industry for Pennsylvania, where this industry saw a gain of 63.5 percent. The Waste collection industry in Montgomery County outpaced the nation in terms of industry employment growth . During this period, the nation gained 7.2 percent in this industry.

Top 5 Industries
1. Waste collection (147.8 percent gain)
2. Lessors of nonfinancial intangible assets (55.2 percent gain)
3. Remediation and other waste services (44.1 percent gain)
4. Farm product raw material merch. whls. (37.8 percent gain)
5. Junior colleges (31.0 percent gain)

Montgomery County One-Year Percentage Decline in Employment

The Other nonferrous metal production industry has lost the largest amount of employment in terms of percentage, losing 66.7 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 gone through in the Pennsylvania, where the industry reported a gain of 0.4 percent. The losses in the Other nonferrous metal production industry in Montgomery County outpaced the United States industry losses overall. During this period, the United States gained 0.7 in percent of workers in the Other nonferrous metal production industry.

Top 5 Industries
1. Other nonferrous metal production (66.7 percent decline)
2. Performing arts companies (53.4 percent decline)
3. Automotive equipment rental and leasing (44.8 percent decline)
4. Internet publishing and broadcasting (41.1 percent decline)
5. Household goods repair and maintenance (40.6 percent decline)

Employment for all industries has increased by 1 percent from the reported values in 2005. These values are less than growth in the State of Pennsylvania, which experienced a gain of 1.1 percent from 2005 (2nd Quarter). The gains the area experienced were less than than the gain experienced overall in the US of 2.0 percent.

Given the 212 4-digit NAICS industries, 100 accounted an for increase in employment during the period and 112 industry sectors reported declines during the time period.

Total One-Year Employment Growth in Montgomery County

The Employment services industry has grown the most with 901 total jobs brought in during the period. The growth in the Employment services industry makes up 6.4 percent of the total number of new jobs in Montgomery County.

Top 5 Industries
1. Employment services (901 new jobs)
2. Management and technical consulting services (836 new jobs)
3. Nondepository credit intermediation (622 new jobs)
4. Management of companies and enterprises (581 new jobs)
5. Services to buildings and dwellings (468 new jobs)

In Montgomery County, Pennsylvania, the total number of jobs throughout all industries has increased by 4,357 jobs from mid-2005 to mid-2006.

Total One-Year Employment Decline in Montgomery County

Given the industries in the area, the Department stores industry has lost the most employment with a total loss of 628 jobs during the time period. The jobs lost in the Department stores industry make up 6.3 percent of the total employment decline in Montgomery County, Pennsylvania.

Top 5 Industries
1. Department stores (628 jobs lost)
2. Full-service restaurants (553 jobs lost)
3. Automotive equipment rental and leasing (534 jobs lost)
4. Other nonferrous metal production (392 jobs lost)
5. Animal slaughtering and processing (378 jobs lost)





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, December 20, 2006

Income and Poverty in Montgomery County, Pennsylvania

The poverty rate in Montgomery County, Pennsylvania has increased by 0.5 percent since the amounts published in 2000, moving from 4.4 percent to 4.9 percent.

Hispanic in Montgomery County, Pennsylvania reported a median household income of $58,326, this median household income is 18 percent less than the areas median income level for all households. In Montgomery County, Pennsylvania White headed households reported household income (in 2005 Dollars) of $72,480 according to the 2000 Dencennial Census, which was 1.8 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 22.8 percent less than the overall reported level in 2000, with a reported median of $54,908. The Asian householders in the area have reported their median household incomes at $70,980. This income level is 0.3 percent less than the reported median household income for all households in the area. The American Indian and Alaska Native headed households in Montgomery County reported a median household income of $55,758, which was 21.7 percent less than the median for all households.

When compared to other counties (or parishes) across the United States, Montgomery County, Pennsylvania can be recognized as having a very low rate of poverty among its population, accounting a rate of 4.4 percent of the population with family incomes below the 1999 poverty level. The Hispanic race/ethnicity population category, holds the highest rate of poverty with 14 percent of the people in 2000 living in poverty. The population that is aged 75 years and over have the most percent of people living in poverty in Montgomery County, reporting 6.6 percent of this age cohort living in poverty.

As the median household income witnessed a decline during the period of 2000 to 2005 in Montgomery County, Pennsylvania, the Race/Ethnicity category that felt the biggest decline in median income was the Hispanic category. This group felt a decline of 21.7 percent from 2000 to 2005. The Asian population group was least impacted by the household income decline in Montgomery County, undergoing a 3.1 percent increase in household income, since the reported levels in 2000.

Compared to counties across the United States, Montgomery County reported a very high median income for households of $71,170 (2005 Dollars). The income level is 34.1 percent higher than the median in State of Pennsylvania of $46,924 and the median is 31 percent higher than the median household income level in the US of $49,133.

The median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $68,210, representing a 4.2 percent decline. Montgomery County, Pennsylvania, when analyzing percentage of decline, ranks 21 of 33 counties in percent of decline for median household income in the State of Pennsylvania. Montgomery County ranks 500 of 668 counties (or parishes) in terms of the decline in median income in the US.

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

Friday, December 08, 2006

Demographic Profile for Montgomery County, Pennsylvania

In terms of total land area, Montgomery encompasses a total area of 483 square miles. This area has a very high density of 1,606 persons per square mile, in 2005. Other US counties with similar densities include: -- more densely populated -- Suffolk, NY (1,617 per sq. mile ), Mercer, NJ (1,621 per sq. mile ), Norfolk, MA (1,636 per sq. mile ), -- less densely populated -- Lake, IL (1,570 per sq. mile ), San Mateo, CA (1,558 per sq. mile ), Providence, RI (1,548 per sq. mile ).

Montgomery County, Pennsylvania has a population that is made of 83.1 percent White, 8 percent African American, 5 percent Asian, and 2.7 percent Hispanic. This area can be considered to have a high level of racial and ethnic diversity, with 15.7 percent of the population made up of minorities. This is less than the State of Pennsylvania percent of 16.4. Since 2000, Montgomery has increased the level of diversity when 13.6 percent of the population was made up of minorities.

From 2000, a high number of individual migrated to the Montgomery internationally. The international migration into Montgomery makes up 8.2 percent of the total international migration into the State of Pennsylvania. This amount of international migration is high when compared to international migration per 2005 population.

In the year 2005, the population division of U.S. Census Bureau estimates the median age in Montgomery County, Pennsylvania to be 40.1 years of age. The median in Montgomery is greater than the median age in Pennsylvania of 39.7. Since the year 2000, the area has witnessed an increase in the median age, when it was 38.3 years of age. With 23.4 percent of the population in 2005 being comprised of children and youth younger than 18, Montgomery can be understood as having a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-low presence of the population, with 61.8 percent of the population makes up this age category. The retirement (65 and over) age group comprises 14.8 percent of the population. When compared to other counties in the United States, this represents a medium-low proportion of the population.

Montgomery County, Pennsylvania had a total estimated population of 775,883 in 2005. The estimated population has increased, since its 2000 population of 750,943. This growth represents an increase of 3.3 percent. Montgomery ranks 3 of 67 counties when analyzing total population change in Pennsylvania and the county ranks 132 of 3,141 counties when calculating the total change in county population across the US.

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

Sunday, November 12, 2006

Housing Report for Montgomery County, Pennsylvania

The State of Pennsylvania, Montgomery County stands 26 of 67 in terms of growth of new housing structures between 2001 and 2005. The county stands 1,481 of 3,141, in terms of residential real estate percentage change change in the United States.

In Montgomery County, the U.S. Census Bureau, Population Division accounted for a total of 308,738 homes in 2005. The county has experienced a growth in housing units, adding in all 8,255 housing units since the year 2001, or 2.7 percent.

According to the data, there is a limited amount of real estate that is affordable in Montgomery County, Pennsylvania. In 2005, 9.2 percent of owner-occupied dwellings were valued under $125k.

The residential real estate values in Montgomery County, Pennsylvania have seen large increases since the Census values accounted for in the year 2000. The values have increased by $103,100, or 64.2 percent, from their 2000 value of $160,700.

Montgomery County had an owner-occupied dwelling median in 2005 of $263,800, accounted by the American Community Survey. This value is greater than the Pennsylvania 2005 median owner-occupied dwelling value of $131,900 and greater than median owner-occupied dwelling value of $167,500 for the United States in the same year.

Montgomery County may be be described as having a relatively high proportion of high-valued homes. In 2005, the American Community Survey reports that 12.6 percent residential property is valued over $500k.

Data Source: U.S. Census Bureau

Monday, October 30, 2006

Employment Report for Montgomery County, Pennsylvania -- Annual 2005 Industry Summary

Manufacturing since the year 2001 lost the most jobs in Montgomery County. The sector faced a loss of 17,152 jobs during the period, or 23.7 percent of industry's employment. The industry declines made up 62.2 percent of the total loss in employment during the period.

In Montgomery County, Professional and technical services, Finance and insurance and Educational services are the three industries with the highest location quotients. The Professional and technical services industry has a US LQ in the county of 1.74. This means the percent of total employment in the Professional and technical services sector is 1.74 times more than the average percent in the United States, revealing signs that Montgomery may be an exporter of products or services of Professional and technical services.

Management of companies and enterprises has had the highest level of job growth from 2001-2005 in Montgomery County, rising by 48.6 percent. This is greater than the rate of employment change across the nation of 1.6 percent. The State of Pennsylvania went through a industry job change of 51.7 percent, in the period of time since 2001.

In Montgomery County, Health care and social assistance, Retail Trade, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance produces the largest number of jobs in the area accounting for 13.6 percent of all jobs throughout the county, totaling 60,455 employees. The Retail Trade and Manufacturing industries total 12.9 and 12.4 percent of total employment, respectively.

Utilities has the largest employers in Montgomery County, averaging 88 jobs per establishment, which is greater than the US industry average of 34 and greater than the Pennsylvania typical size of 35 for the Utilities industry.







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

 

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