Wednesday, March 21, 2007

In Newport County, jobs in the freight transportation arrangement pay the highest wages


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Employment in the freight transportation arrangement industry paid the average highest wages in Newport County for the 2nd quarter of 2006. The average worker in the industry in Newport County was paid an annual wage of $155,378 in 2nd quarter of 2006. The wage rate is greater than the industry wage in Rhode Island of $57,742 and greater than then the pay for jobs in this industry in the United States of $49,014.

Top-pay jobs in Newport County, Rhode Island exsists in software publishers ($99,374), advertising and related services ($92,276), securities and commodity contracts brokerage ($87,593) and other financial investment activities ($83,590) industries. Note: Clicking the Above Graphic Displays the Detailed Comparison

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

Newport County Wages have increased by 18.2% Since 2001


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From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in Newport County, Rhode Island by a total of 18.2%. This is less than the growth in average industry wages for Rhode Island 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

Newport County Industry Wages Lag Behind Rhode Island, and Wages Lag Behind the United States


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Total wages in all industries in Newport County, Rhode Island when analyzed can be described as medium-low when analyzed with other 2nd quarter of 2006 County wages throughout the state. The average pay is 7.6 percent lower than the with an state average of $37,097. The average pay was less 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

Newport County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Newport County

Out of the 4-digit NAICS industries, the Computer systems design and related services industry has accounted the most employment growth with a total of 438 total jobs brought in during the period. The growth in the Computer systems design and related services industry makes up 13.2 percent of the total growth in Newport County.

Top 5 Industries
1. Computer systems design and related services (438 new jobs)
2. Limited-service eating places (302 new jobs)
3. Full-service restaurants (242 new jobs)
4. Activities related to real estate (229 new jobs)
5. Management of companies and enterprises (225 new jobs)

Out of the 100 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 51 accounted an for increase in employment during the period and 49 industries reported a drop in employment.

In Newport County, Rhode Island, the total number of workers for all sectors has increased by 1,223 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in Newport County

Of the area's industries (4-digit NAICS), the Depository credit intermediation industry has lost the most employment with a total loss of 141 jobs during the time period. The jobs lost in the Depository credit intermediation industry make up 10.3 percent of the employment lost during the period in Newport County, Rhode Island.

Top 5 Industries
1. Depository credit intermediation (141 jobs lost)
2. Grocery and Related Product Wholesalers (112 jobs lost)
3. Personal care services (90 jobs lost)
4. Automotive repair and maintenance (75 jobs lost)
5. Offices of physicians (70 jobs lost)

Newport County Five-Year Percentage Growth in Employment

The Automotive equipment rental and leasing industry has experienced the largest percentage growth, expanding by 306.7 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Newport County has added employment faster than the industry job growth experienced in Rhode Island, where it saw a gain of 8.9 percent. The Automotive equipment rental and leasing industry in Newport County outpaced the nation in terms of industry employment growth . During this period, the nation lost 5.7 percent of the industry employment.

Top 5 Industries
1. Automotive equipment rental and leasing (306.7 percent gain)
2. Management of companies and enterprises (249.1 percent gain)
3. Apparel and piece goods merchant wholesalers (229.2 percent gain)
4. Activities related to real estate (145.6 percent gain)
5. Electronic markets and agents and brokers (132.6 percent gain)

Newport County Five-Year Percentage Decline in Employment

The Motion picture and video industries industry has seen the largest percentage drop in employment, losing 77.6 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has gone through in the Rhode Island, where the industry sector experienced a gain of 87 percent. The losses in the Motion picture and video industries industry in Newport County outpaced the United States industry losses overall. During this period, the United States gained 3.3 percent in terms of employment in the Motion picture and video industries industry.

Top 5 Industries
1. Motion picture and video industries (77.6 percent decline)
2. Electronic equipment repair and maintenance (74.2 percent decline)
3. Commercial machinery repair and maintenance (71.8 percent decline)
4. Advertising and related services (57.2 percent decline)
5. Shoe stores (52.7 percent decline)

The total number of jobs has increased by 3.9 percent since the 2nd Quarter of 2001. This is greater than percent in the State of Rhode Island, which saw a gain of 2.9 percent since the 2nd Quarter of 2001. The gains in the area were greater than than the gain felt at the national level of 2.6 percent.





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

Newport County One-Year Industry Employment Change

Of the 102 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 56 reported job growth in the duration of the year and 46 industries reported a drop in employment.

Total One-Year Employment Growth in Newport County

The Full-service restaurants industry has grown the most with 113 jobs added during the time period. These new jobs in the Full-service restaurants industry makes up 13.6 percent of the total number of new jobs in Newport County.

Top 5 Industries
1. Full-service restaurants (113 new jobs)
2. Management of companies and enterprises (80 new jobs)
3. Other amusement and recreation industries (65 new jobs)
4. Individual and family services (58 new jobs)
5. Architectural and engineering services (46 new jobs)

Total One-Year Employment Decline in Newport County

The Building foundation and exterior contractors industry faced the greatest employment loss with a total loss of 162 jobs during the time period. The jobs lost in the Building foundation and exterior contractors industry make up 16.1 percent of the total job loss in Newport County, Rhode Island.

Top 5 Industries
1. Building foundation and exterior contractors (162 jobs lost)
2. Special food services (117 jobs lost)
3. Ship and boat building (85 jobs lost)
4. Depository credit intermediation (63 jobs lost)
5. Automotive repair and maintenance (60 jobs lost)

In Newport County, Rhode Island, the aggregate employment for all industry sectors has increased by 101 jobs from mid-2005 to mid-2006.

Employment for all industries has increased by 0.3 percent from the reported values in 2005. These values are less than growth in the State of Rhode Island, which saw a gain of 0.5 percent since the 2nd Quarter of 2005. The gains in the area were less than than the gain experienced overall in the US of 2.0 percent.

Newport County One-Year Percentage Growth in Employment

The Alcoholic beverage merchant wholesalers industry has gone through the largest job growth by percent, increasing by 82.4 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Newport County has expanded faster than the overall industry growth seen in the State of Rhode Island, where this industry saw a gain of 0.1 percent. The Alcoholic beverage merchant wholesalers industry in Newport County outpaced the United States, which experienced a gained 3.2 percent of the industry employment.

Top 5 Industries
1. Alcoholic beverage merchant wholesalers (82.4 percent gain)
2. Apparel and piece goods merchant wholesalers (54.9 percent gain)
3. Misc. nondurable goods merchant wholesalers (35.5 percent gain)
4. Management of companies and enterprises (34.0 percent gain)
5. Shoe stores (31.1 percent gain)

Newport County One-Year Percentage Decline in Employment

The Building foundation and exterior contractors industry has lost the largest percent of jobs, losing 52.2 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 Rhode Island, where the it saw a gain of 0.9 percent. The losses in the Building foundation and exterior contractors industry in Newport County outpaced the US in terms of percent of decline of industry employment. The US gained 5 in percent of jobs in the Building foundation and exterior contractors industry.

Top 5 Industries
1. Building foundation and exterior contractors (52.2 percent decline)
2. Advertising and related services (51.6 percent decline)
3. Architectural and structural metals mfg. (50 percent decline)
4. Electric goods merchant wholesalers (40.2 percent decline)
5. Automotive repair and maintenance (28.6 percent decline)





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 Newport County, Rhode Island

In Newport County, Rhode Island White headed households reported a median household income (2005 Dollars) of $60,446 according to the 2000 Dencennial Census, which was 2.4 percent greater than the median in the year 2000. According to the 2000 Census, the Asian headed households in the area have median household incomes of $48,750. This median income level is 17.4 percent less than the reported median household income for all households in the area. Hispanic in Newport County, Rhode Island recorded a median income of $34,958, this median household income is 40.8 percent less than the reported median household income for all households in the area. Black or African American headed households had median income levels that were 46.5 percent less than the overall median reported in 2000, with a reported median of $31,576. The American Indian and Alaska Native households in Newport County had a median household income level of $33,504, this was 43.2 percent less than the median income level in this area.

Evaluated with other counties (or parishes) across the nation, Newport County, Rhode Island can be recognized as having a rate of poverty among the people, accounting a rate of 7.1 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 27.1 percent of the population in 2000 living in poverty. Individuals aged Under 5 years have the most percent of people living in poverty in Newport County, having 15.2 percent of this age cohort living in poverty.

The rate of poverty in Newport County, Rhode Island has declined by 0.5 percent since the 2000 rates, moving from 7.1 percent to 6.6 percent.

As the median household income witnessed a decline since 2000 in Newport County, Rhode Island, the Race/Ethnicity category that felt the biggest decline in household income was the American Indian and Alaska Native Race/Ethnicity category. This group experienced a decline of 1989905 percent in the last five years. The Black or African American population group was least impacted by the household income decline in Newport County, experiencing a 27.5 percent increase in median income, since the values reported in the 2000 Decennial Census.

Compared to other counties (and parishes) throughout the nation, Newport County had a relatively high median income for households of $59,024 (2005 Dollars). The income level is 16.6 percent higher than the household income median in State of Rhode Island of $49,245 and the median household income is 16.8 percent higher than the median in the US, which is $49,133.

The areas median household income has declined a small amount from the 2000 values (inflation adjusted). The median income has decreased to $58,455, posting a 1 percent decline. Newport County, Rhode Island, in terms of percentage of decline, ranks 1 of 1 counties in percent of decline for household income in Rhode Island. Newport County ranks 640 of 668 counties (or parishes) when comparing total percent of decline in median household income in the United States.

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

Wednesday, December 20, 2006

Higher Education in Newport County, Rhode Island

In Newport County, Rhode Island according to the Decennial Census of 2000, 39.2 percent of the White Alone, 17.8 percent of Black or African American, 49.8 percent of the Asian alone and 26.2 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Newport County, Rhode Island is made up of a very highly-educated population, with 38.4 percent of the population (+25) having received at least a Bachelors Degree, as reported in the Decennial Census of 2000. Newport is reported having a higher percent of population with this high education level than the State of Rhode Island's proportion of 25.6 percent and a higher percent than United States proportion of 24.4 percent.

From 2000, Newport has increased in the percent of the total population (+25) with a BA or Higher. The portion of this population has grown by 4.4 percent to a total of 42.8 percent in 2005. According to the American Community Survey, the proportion of the population in 2005 with a BA or Higher is greater than the State of Rhode Island percent of 29.4 and greater than the United States percent of 27.2.

From 2000 to 2005, the percent of the male population that can be considered highly educated has increased by 4.6 percent. As reported in 2005, 46.6 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 4.2 percent. By the year 2005, a total of 39.4 percent of the women in the population had received a Bachelors Degree or Higher.

Reported by the 2000 Census in Newport County, Rhode Island, the most common level of education achieved in the area for the male population is the Bachelors Degree or Higher category, with 41.8 percent reaching this education level. The female population in Newport have on average achieved a lower level of higher education (Bachelors or Higher) than men; 41.8 percent (Men) versus 35.2 percent (Women). A high proportion of the female population in the area has reached the Bachelors Degree or Higher category, with 35.2 percent of the female population achieving this education level.

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

Wednesday, November 29, 2006

Demographic Profile for Newport County, Rhode Island

When measuring the total land area, Newport extends a total area of 104 total square miles. The area has a high population density of 805 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Emporia city, VA (811 per sq. mile ), Durham, NC (836 per sq. mile ), King, WA (844 per sq. mile ), -- less densely populated -- Knox, TN (796 per sq. mile ), Forsyth, NC (796 per sq. mile ), Collin, TX (778 per sq. mile ).

From 2000, a medium-high amount of people migrated to Newport internationally. The international migration into Newport totals 3.8 percent of all immigration into Rhode Island. This amount of international migration is medium-high when comparing levels of immigration per population in 2005.

In 2005, the Census Bureau estimated the median age in Newport County, Rhode Island to be 41.4 years old. The median in Newport is greater than the median age in Rhode Island of 38.4. From 2000, the area has seen an increase in the median age, when it was 38.6 years old. With 21.5 percent of the 2005 population being made up of children and youth younger than 18, Newport can be described as having a medium-low proportion of youths. The working age population group (18-64) has a medium-high presence of the 2005 population base, with 63.3 percent of the population within the age group. People 65 and older make up 15.2 percent of the total population in the area. Compared to other counties in the US, this represents a medium-high proportion of the population.

Newport County, Rhode Island had a population of 83,740 in 2005. The total population has decreased, since the 2000 total population of 85,657. The decline signifies a decrease of -2.2 percent. Newport ranks 5 of 5 counties when analyzing total population change in Rhode Island and the county ranks 3,060 of 3,141 counties in terms of population growth in the United States.

Newport County, Rhode Island has a population that is made of 90.2 percent White, 3.3 percent African American, 1.5 percent Asian, and 3.1 percent Hispanic. The population mix can be considered to have a modest level of racial and ethnic diversity, with 7.9 percent of the population made up of minorities. This is less than the State of Rhode Island percent of 18.3. Since 2000, Newport has increased the percent of minority makeup when 7.8 percent of the population were minorities.

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

Monday, November 13, 2006

Housing Report for Newport County, Rhode Island

Newport County had a median home value in the year 2005 of $391,400, according to the American Community Survey. This value is greater than the overall Rhode Island 2005 home value of $281,300 and greater than median owner-occupied dwelling value of $167,500 across the United States during the same year.

The State of Rhode Island, Newport County is positioned 2 of 5 in terms of percentage growth in new housing structures. The county ranks 2,043 of 3,141, when comparing thee change in housing structures in counties throughout the nation.

Newport County has a extremely high proportion of residential real estate that is high priced. In 2005, the American Community Survey reported that 29.8 percent residential property is valued over $500k.

In Newport County, the real estate market was made up of 40,575 homes in the year 2005. This county has gone through a growth in housing units, adding a total of 742 residential units since 2001, or 1.9 percent.

There seems to be a limited amount of affordable housing in Newport County, Rhode Island. In 2005, 4.4 percent of residential real estate was valued under $125,000.

The owner-occupied dwellings in Newport County, Rhode Island have increased very sharply from the real estate values reported in 2000. The valuations have increased by $227,300, or 138.5 percent, from their 2000 value of $164,100.

Data Source: U.S. Census Bureau

Monday, October 30, 2006

Employment Report for Newport County, Rhode Island -- Annual 2005 Industry Summary

Manufacturing is the industry with the largest establishments in Newport County. The industry averages 30 jobs per place of business. This is less than the US industry average of 39 and greater than the Rhode Island average establishment size of 25 for the Manufacturing industry.

In Newport County, Arts, entertainment, and recreation, Accommodation and food services and Educational services industries, in terms of United States location quotient, are the most dominant in the region. The Arts, entertainment, and recreation industry has an LQ of 2.8. This means the percent of total employment in the Arts, entertainment, and recreation sector is 2.8 times greater than the US average, showing signs that Newport specializes in Arts, entertainment, and recreation.

Management of companies and enterprises in the period of 2001 to 2005 had the largest increase in employment in Newport County, with an industry growth of 221.6 percent. This is greater than the rate of employment change across the nation of 1.6 percent. The State of Rhode Island had an industry job change of 33.8 percent, in the course of time since 2001.

In Newport County, Accommodation and food services, Retail Trade, and the Health care and social assistance sectors are the largest industries, in terms of total number of jobs in 2005. The Accommodation and food services is the largest employment industry and makes up 18.7 percent of the total county employment. This totals 5,970 jobs. The Retail Trade and Health care and social assistance sectors account for 13.6 and 13.5 percent of industry employment.









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

 

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