Wednesday, January 24, 2007

Kingsport-Bristol-Bristol One-Year Industry Employment Change

The Kingsport-Bristol-Bristol Metro Area: One-Year Percentage Growth in Employment

The Wireless telecommunications carriers industry has experienced the largest percentage growth, expanding by 353.5 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Kingsport-Bristol-Bristol has added employment faster than the industry has grown in the State of Tennessee, where this industry saw a gain of 23.1 percent. The Wireless telecommunications carriers industry in Kingsport-Bristol-Bristol outpaced the US in terms of percent growth of industry employment. During this period, the US gained 4.5 percent.

Top 5 Industries
1. Wireless telecommunications carriers (353.5 percent gain)
2. Other residential care facilities (155.4 percent gain)
3. Electronic equipment repair and maintenance (126.0 percent gain)
4. Wired telecommunications carriers (74.0 percent gain)
5. Direct selling establishments (41.4 percent gain)

The Kingsport-Bristol-Bristol Metro Area: One-Year Percentage Decline in Employment

The Advertising and related services industry has lost the biggest percent of jobs, losing 55.2 percent of the jobs from 2005 to 2006. These have declined faster than the industry has experienced in the State of Tennessee, where the it saw a gain of 3.7 percent. The losses in the Advertising and related services industry in Kingsport-Bristol-Bristol outpaced the United States industry losses overall. During this period, the United States gained 2.9 percent in terms of employment in the Advertising and related services industry.

Top 5 Industries
1. Advertising and related services (55.2 percent decline)
2. Electric goods merchant wholesalers (51.7 percent decline)
3. Freight transportation arrangement (45.9 percent decline)
4. Coal mining (42.3 percent decline)
5. Insurance carriers (41 percent decline)

Total industry employment has increased by 2 percent since the 2nd Quarter of 2005. This is greater than percent in Tennessee, experiencing a gain of 1.9 percent from the 2nd Quarter of 2005. The gains in the area were greater than than the gain felt at the national level of 2 percent.

Total One-Year Employment Growth in the Kingsport-Bristol-Bristol Metro Area

The Full-service restaurants industry has accounted the most employment growth with a total of 429 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 14.5 percent of the total number of new jobs in Kingsport-Bristol-Bristol.

Top 5 Industries
1. Full-service restaurants (429 new jobs)
2. Wireless telecommunications carriers (375 new jobs)
3. Nonresidential building construction (261 new jobs)
4. Wired telecommunications carriers (215 new jobs)
5. Business support services (130 new jobs)

Total One-Year Employment Decline in the Kingsport-Bristol-Bristol Metro Area

Given the industries in the area, the Printing and related support activities industry experienced most substantial job loss, losing 196 jobs during the period. The employment lost in the Printing and related support activities industry make up 12.1 percent of the employment lost during the period in Kingsport-Bristol-Bristol, TN-VA.

Top 5 Industries
1. Printing and related support activities (196 jobs lost)
2. Electric goods merchant wholesalers (191 jobs lost)
3. Drycleaning and laundry services (172 jobs lost)
4. Insurance carriers (161 jobs lost)
5. Motor vehicle parts manufacturing (139 jobs lost)

In the Kingsport-Bristol-Bristol, TN-VA metro area, the total number of jobs throughout all industries has increased by 2,061 jobs from mid-2005 to mid-2006.

Of the 94 4-digit NAICS industries, 41 accounted an for increase in employment during the period and 53 industry sectors reported declines during the time period.





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.

Thursday, January 11, 2007

Income and Poverty in Kingsport-Bristol-Bristol, TN-VA

The poverty rate in the Kingsport-Bristol-Bristol, TN-VA Metro has increased by 4.0 percent since the amount published in 2000, moving from 11.6 percent to 15.6 percent.

While household income level experienced a decline from 2000 to 2005 in the Kingsport-Bristol-Bristol, TN-VA metro area, the Race/Ethnicity group that went through the most dramatic decline in household income was the Race/Ethnicity category. This category went through a of . percent since 2000. The Race/Ethnicity group has been least impacted by the median income decline in Kingsport-Bristol-Bristol, encountering a . percent in median household income from 2000 to 2005.

When put side-by-side with other Metros throughout the United States, the Kingsport-Bristol-Bristol metro area can be recognized as having a medium-low poverty rate amid the residents with a poverty rate of 11.6 percent of the individuals existing in families with incomes under the poverty level in 1999. The Hispanic race/ethnicity population cohort, has the uppermost poverty rate with 18.1 percent of the 2000 residents living in poverty. People aged Under 5 years have the largest percent of population in poverty in Kingsport-Bristol-Bristol, having 17.5 percent of this demographic group living with incomes under poverty.

The Asian householders in the area have reported their median household incomes at $36,029. This household income level is 16 percent less than the reported median for all households in the area. The American Indian and Alaska Native headed households in Kingsport-Bristol-Bristol reported a median household income of $40,804, which was 4.9 percent less than the median for all households. Black or African American headed households had median income levels that were 11.7 percent less than the total 2000 reported median, with a their median reported to be $37,897. Hispanic headed households in Kingsport-Bristol-Bristol, TN-VA , as reported in 2000, had a median household income of $36,433, this median is 15.1 percent less than the median reported for all households in the area. In Kingsport-Bristol-Bristol, TN-VA White headed households reported a median household income (2005 Dollars) of $46,312 according to the 2000 Dencennial Census, which was 7.9 percent greater than the median in 2000.

The areas median household income has sharply declined from the inflation-adjusted 2000 income levels. The income level has decreased to $33,664, representing a 21.5 percent decline. The Kingsport-Bristol-Bristol, TN-VA MSA, when analyzing percentage of decline, ranks 21 of 22 metro area in percent of decline for the household income level in the State of Tennessee. Kingsport-Bristol-Bristol ranks 207 of 233 metro area when comparing total percent of decline in median income in the US.

When compared to other Metro Areas throughout the United States, the Kingsport-Bristol-Bristol metro area had a medium-low median income for households of $42,903 (Adjusted to 2005 Dollars). This is 0.8 percent higher than the median in State of Tennessee of $42,541 and the income level is 14.5 percent lower 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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