Employment Report for Memphis, TN, Tennessee -- Annual 2005 Industry Summary
Real estate and rental and leasing is the industry with the largest change in employment since the year 2001 in Memphis, TN, increasing in size by 14.6 percent. This is greater than the change of total jobs in the industry for the United States of 4.3 percent. The State of Tennessee encountered a change in industry employment of 4.2 percent, since the year 2001.
Transportation and Warehousing is the industry with the largest establishments in Memphis, TN MSA. In the region, the industry averages 63 jobs per establishment, which is greater than the industry's average at the national level of 19 and greater than the State of Tennessee average establishment size of 34 for the Transportation and Warehousing industry.
In Memphis, TN, Retail Trade, Health care and social assistance, and the Transportation and Warehousing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the major employer in the Metropolitan Area making up 13.4 percent of all the jobs in the Metropolitain Area. This makes up 69,240 people employed. The Health care and social assistance and Transportation and Warehousing sectors account for 12.3 and 11.9 percent of the total jobs, respectively.
In Memphis, TN, Transportation and Warehousing, Administrative and waste services and Accommodation and food services have the highest US LQ in 2005. The Transportation and Warehousing industry has a US LQ in the region of 3.21. In other words, the percent of total jobs in the Transportation and Warehousing sector is 3.21 times the percent of the national average, This signifies that Memphis, TN may be an exporter of products or services of Transportation and Warehousing.
The Manufacturing sector has decreased the most in local industry presence in the Memphis, TN MSA, since the year 2001, moving from making up 11.4 percent of total employment for the year 2001 to 0 percent in the year 2005.
A high-wage industry in Memphis, TN is the finance and insurance industry with wages that annually pay $89,347. From the year 2001, the industry annual average wages have grown by 30.4 percent or $20,846. The State of Tennessee shows a similar employment climate in the finance and insurance sector, placing near the top of sectors by 2004 industry pay.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
Transportation and Warehousing is the industry with the largest establishments in Memphis, TN MSA. In the region, the industry averages 63 jobs per establishment, which is greater than the industry's average at the national level of 19 and greater than the State of Tennessee average establishment size of 34 for the Transportation and Warehousing industry.
In Memphis, TN, Retail Trade, Health care and social assistance, and the Transportation and Warehousing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the major employer in the Metropolitan Area making up 13.4 percent of all the jobs in the Metropolitain Area. This makes up 69,240 people employed. The Health care and social assistance and Transportation and Warehousing sectors account for 12.3 and 11.9 percent of the total jobs, respectively.
In Memphis, TN, Transportation and Warehousing, Administrative and waste services and Accommodation and food services have the highest US LQ in 2005. The Transportation and Warehousing industry has a US LQ in the region of 3.21. In other words, the percent of total jobs in the Transportation and Warehousing sector is 3.21 times the percent of the national average, This signifies that Memphis, TN may be an exporter of products or services of Transportation and Warehousing.
The Manufacturing sector has decreased the most in local industry presence in the Memphis, TN MSA, since the year 2001, moving from making up 11.4 percent of total employment for the year 2001 to 0 percent in the year 2005.
A high-wage industry in Memphis, TN is the finance and insurance industry with wages that annually pay $89,347. From the year 2001, the industry annual average wages have grown by 30.4 percent or $20,846. The State of Tennessee shows a similar employment climate in the finance and insurance sector, placing near the top of sectors by 2004 industry pay.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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