Monday, January 22, 2007

Kent County One-Year Industry Employment Change

Total One-Year Employment Decline in Kent County

The Business support services industry experienced most substantial job loss, losing 272 jobs in that time period. The declines in the Business support services industry make up 13.1 percent of the jobs lost during the period in Kent County, Rhode Island.

Top 5 Industries
1. Business support services (272 jobs lost)
2. Limited-service eating places (253 jobs lost)
3. Department stores (178 jobs lost)
4. Individual and family services (107 jobs lost)
5. Electric goods merchant wholesalers (83 jobs lost)

Given the 136 industries with industry data reported by the BLS in each quarter, 64 showed an escalation in the number employed, while 72 industries reported a drop in employment.

In Kent County, Rhode Island, the entire sum of jobs in all industries overall has increased by 466 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in Kent County

Of the industries (4-digit NAICS) in the area, the Management of companies and enterprises industry has added the most employment with 340 employees finding new jobs in the industry. The employment growth in the Management of companies and enterprises industry makes up 13.2 percent of the growth in Kent County.

Top 5 Industries
1. Management of companies and enterprises (340 new jobs)
2. Full-service restaurants (162 new jobs)
3. Special food services (151 new jobs)
4. Scientific research and development services (134 new jobs)
5. Building equipment contractors (133 new jobs)

Kent County One-Year Percentage Decline in Employment

The Business support services industry has seen the largest percentage drop in employment, losing 50.6 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the Rhode Island, where the it saw a loss of 10.1 percent. The losses in the Business support services industry in Kent County outpaced the United States industry losses overall. During this period, the United States gained 2 in percent of jobs in the Business support services industry.

Top 5 Industries
1. Business support services (50.6 percent decline)
2. Electric goods merchant wholesalers (49.8 percent decline)
3. Specialized design services (48.1 percent decline)
4. Educational support services (43.6 percent decline)
5. Investigation and security services (27.4 percent decline)

Kent County One-Year Percentage Growth in Employment

The Scientific research and development services industry has witnessed the largest percentage of employment expansion, increasing by 369.7 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Kent County has expanded faster than the overall industry growth seen in the State of Rhode Island, where the industry felt a gain of 11.9 percent. The Scientific research and development services industry in Kent County outpaced the national average, which felt a gained 3.7 percent of the industry employment.

Top 5 Industries
1. Scientific research and development services (369.7 percent gain)
2. Social advocacy organizations (103.6 percent gain)
3. Machinery and equipment rental and leasing (48.9 percent gain)
4. Special food services (31.0 percent gain)
5. General freight trucking (30.7 percent gain)

The total number of jobs has increased by 0.6 percent since the 2nd Quarter of 2005. This is greater than growth in Rhode Island, which saw a gain of 0.5 percent since 2005 ( 2nd Quarter). The gains in the area were less than than the gain felt at the national level of 2.0 percent.





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 Kent County, Rhode Island

The areas median household income has increased from the inflation-adjusted 2000 income levels. The income level has increased to $57,189, which amounts to a 2.7 percent growth. Kent County, Rhode Island, when comparing total percent of growth, ranks 2 of 3 counties in percent of growth for median household income in the State of Rhode Island. Kent County ranks 57 of 119 counties (or parishes) when comparing total percent of growth in median income in the US.

When put side-by-side with other counties (or parishes) throughout the United States, Kent County, Rhode Island can be understood to have a rate of poverty among its population, accounting a rate of 6.6 percent with a family income under the 1999 poverty level. The American Indian and Alaska Native race/ethnicity demographic category, owns the foremost rate of poverty with 34.7 percent of the 2000 population living in poverty. People that are of the age 5 years are experiencing most percent people in poverty in Kent County, with 10.8 percent of this demographic group living with incomes under poverty.

The poverty rate in Kent County, Rhode Island has increased by 0.2 percent since the 2000 rates, moving from 6.6 percent to 6.8 percent.

As the median income level saw a growth from 2000 to 2005 in Kent County, Rhode Island, the Race/Ethnicity category that saw the sharpest growth in household income was the Asian Race/Ethnicity category. This group experienced an increase of 90.6 percent in the last five years. The Hispanic Race/Ethnicity category has been least effected by the income level growth in Kent County, experiencing a 25.4 percent decline in median income, since the values reporting the 2000 Decennial Census.

The American Indian and Alaska Native headed households in Kent County reported an income level of $51,397, this median was 7.7 percent less than the median level for total households in the area. The Asian householders in the area have reported their median household incomes at $68,738. This median income level is 23.4 percent greater than the reported median household income for all households in the area. Black or African American householders reported household income levels that were 15.2 percent less than the overall reported level in 2000, with a reported median of $47,262. In Kent County, Rhode Island White headed households reported household income (in 2005 Dollars) of $55,663 according to the Decennial Census of 2000, which was 0.1 percent less than the median in the year 2000. Hispanic Householders in Kent County, Rhode Island , according to the 2000 census, had a median household income of $53,769, this income level is 3.5 percent less than reported value of the areas total household median income for all households.

Compared to counties across the United States, Kent County reported a relatively high median income for households of $55,712 (2005 Dollars). The income level is 11.6 percent higher than the median income in State of Rhode Island of $49,245 and the income level is 11.8 percent higher than the median for the rest of the nation, which is a reported $49,133.

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

 

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