Friday, February 23, 2007

Minnehaha County Five-Year Industry Employment Change

Minnehaha County Five-Year Percentage Growth in Employment

The Scientific research and development services industry has seen the largest percentage job growth, expanding by 710.0 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Minnehaha County has expanded faster than the industry has grown in the State of South Dakota, where this industry saw a gain of 66 percent. The Scientific research and development services industry in Minnehaha County outpaced the nation in terms of industry employment growth . During this period, the nation gained 11.4 percent of the industry employment.

Top 5 Industries
1. Scientific research and development services (710.0 percent gain)
2. Charter bus industry (683.3 percent gain)
3. Office administrative services (180.2 percent gain)
4. Freight transportation arrangement (112.9 percent gain)
5. Grantmaking and giving services (100.7 percent gain)

Minnehaha County Five-Year Percentage Decline in Employment

The Other personal services industry has lost the largest amount of employment in terms of percentage, losing 78.8 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of South Dakota, where the industry sector experienced a loss of 64.3 percent. The losses in the Other personal services industry in Minnehaha County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 2.8 in percent of workers in the Other personal services industry.

Top 5 Industries
1. Other personal services (78.8 percent decline)
2. Other wood product manufacturing (78.2 percent decline)
3. Architectural and structural metals mfg. (52.4 percent decline)
4. Spectator sports (42.3 percent decline)
5. Lessors of real estate (36.2 percent decline)

Total employment has increased by 5 percent since the 2nd Quarter of 2001. This is less than growth in the State of South Dakota, experiencing a gain of 5.3 percent since 2001 ( 2nd Quarter). The gains were greater than than the gain seen for the United States of 2.6 percent.

Total Five-Year Employment Growth in Minnehaha County

Of the industries (4-digit NAICS) in the area, the Depository credit intermediation industry has added the most employment with 838 new jobs created in the period. The job growth in the Depository credit intermediation industry makes up 10.0 percent of the growth in Minnehaha County.

Top 5 Industries
1. Depository credit intermediation (838 new jobs)
2. Full-service restaurants (617 new jobs)
3. Limited-service eating places (576 new jobs)
4. Architectural and engineering services (536 new jobs)
5. Building equipment contractors (363 new jobs)

In Minnehaha County, South Dakota, the total number of jobs throughout all industries has increased by 4,874 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in Minnehaha County

The Nondepository credit intermediation industry experienced most substantial job loss, losing 1,006 jobs. The declines in the Nondepository credit intermediation industry make up 18.7 percent of the jobs lost during the period in Minnehaha County, South Dakota.

Top 5 Industries
1. Nondepository credit intermediation (1,006 jobs lost)
2. Other personal services (555 jobs lost)
3. Grocery stores (486 jobs lost)
4. Management of companies and enterprises (356 jobs lost)
5. Architectural and structural metals mfg. (277 jobs lost)

From the 134 4-digit NAICS industries, 57 accounted an for increase in employment during the period and 77 industry sectors accounting for employment declines during that time period.





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.

 

About - © 2007 Ecanned.com  - Contact