Tuesday, February 27, 2007

Faulk County Industry Wages Lag Behind South Dakota, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



The overall industry wages in Faulk County, South Dakota 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 24.8 percent lower than the state, which was reported to be $28,713. The average industry wage was less than the industry average in the US 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

Faulk County Five-Year Industry Employment Change

Total Five-Year Employment Decline in Faulk County

From of the area's 4-digit NAICS industries, the Gasoline stations industry witnessed the largest drop in employment, losing a total of 25 jobs in that time period. The declines in the Gasoline stations industry make up 54.8 percent of the total employment decline in Faulk County, South Dakota.

Top 3 Industries
1. Gasoline stations (25 jobs lost)
2. Full-service restaurants (13 jobs lost)
3. Legal services (7 jobs lost)

In Faulk County, South Dakota, the total number of jobs throughout all industries has increased by 33 jobs between mid-2001 and mid-2006.





Total employment has increased by 8.8 percent from the reported values in 2001. These values are greater than growth in the State of South Dakota, experiencing a gain of 5.3 percent since the 2nd Quarter of 2001. The gains felt were greater than than the gain reported at the US level of 2.6 percent.

Faulk County Five-Year Percentage Growth in Employment

The Full-service restaurants industry has seen the largest percentage job growth, expanding by 161.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Faulk County has added employment faster than the industry job growth experienced in South Dakota, where the industry felt a gain of 7.3 percent. The Full-service restaurants industry in Faulk County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 13.2 percent of the industry employment.

Top 3 Industries
1. Full-service restaurants (161.1 percent gain)
2. Farm product raw material merch. whls. (113.6 percent gain)
3. Insurance agencies, brokerages, and related (20.8 percent gain)

Faulk County Five-Year Percentage Decline in Employment

The Legal services industry has seen the largest percentage drop in employment, losing 38.9 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has felt in the State of South Dakota, where the industry sector experienced a gain of 5.9 percent. The losses in the Legal services industry in Faulk County outpaced the US in terms of percent of decline of industry employment. The US gained 8.3 in percent of workers in the Legal services industry.

Top 3 Industries
1. Legal services (38.9 percent decline)
2. Gasoline stations (17.7 percent decline)
3. Full-service restaurants (11.5 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.

 

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