Lake County One-Year Industry Employment Change

Out of the 5 industries with industry data reported by the BLS in each quarter, 3 reported job growth in the duration of the year and 2 industries reported a drop in employment.

Total One-Year Employment Decline in Lake County

Given the industries in the area, the Full-service restaurants industry has lost the most employment with a total loss of 4 jobs during the period. The employment lost in the Full-service restaurants industry make up 57.1 percent of the total job loss in Lake County, Tennessee.

Top 2 Industries
1. Full-service restaurants (4 jobs lost)
2. Health and personal care stores (2 jobs lost)

Total One-Year Employment Growth in Lake County

Of the industries (4-digit NAICS) in the area, the Oilseed and grain farming industry has brought the most jobs with a total of 5 jobs added during the time period. These new jobs in the Oilseed and grain farming industry makes up 51.9 percent of the total employment growth in Lake County.

Top 3 Industries
1. Oilseed and grain farming (5 new jobs)
2. Lessors of real estate (4 new jobs)
3. General freight trucking (20 new jobs)

In Lake County, Tennessee, the aggregate employment for all industry sectors has increased by 23 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Lake County One-Year Percentage Growth in Employment

The Oilseed and grain farming industry has gone through the largest job growth by percent, increasing by 31.8 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Lake County has added employment faster than the overall industry growth seen in the State of Tennessee, where the industry took a loss of 19.2 percent. The Oilseed and grain farming industry in Lake County outpaced the United States, which experienced a lost 2.1 percent.

Top 2 Industries
1. Oilseed and grain farming (31.8 percent gain)
2. Lessors of real estate (30.8 percent gain)

Total employment has increased by 3.5 percent since the 2nd Quarter figures of 2005. This change 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 2.0 percent.

Lake County One-Year Percentage Decline in Employment

The Other general merchandise stores industry has lost the largest amount of employment in terms of percentage, losing 8.8 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 has experienced in the State of Tennessee, where the industry sector experienced a loss of 1.7 percent. The losses in the Other general merchandise stores industry in Lake County outpaced the United States industry losses overall. During this period, the United States gained 3.3 in percent of workers in the Other general merchandise stores industry.

Top 3 Industries
1. Other general merchandise stores (8.8 percent decline)
2. Health and personal care stores (6 percent decline)
3. Full-service restaurants (3.1 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.

Income and Poverty in Lake County, Tennessee

Compared to counties across the United States, Lake County reported a very low median household income of $25,734 (2005 Dollars). This median is 65.3 percent lower than the median in State of Tennessee of $42,541 and the median household income is 90.9 percent lower than the median household income level in the US of $49,133.

Evaluated with other counties (or parishes) across the nation, Lake County, Tennessee can be considered to have a relatively high rate of poverty among the people, accounting a rate of 23.6 percent of the individuals existing in families with incomes under the poverty level in 1999. The American Indian and Alaska Native race/ethnicity population category, holds the highest rate of poverty with 60 percent of the people in 2000 living in poverty. The population that is aged Under 5 years have the most percent of people living in poverty in Lake County, having 43.7 percent of the population in this age category living in poverty.

In Lake County, Tennessee White householders had a median household income (in 2005 Dollars) of $27,737 according to the 2000 Dencennial Census, which was 7.8 percent greater than the median household income in 2000. Black or African American householders reported a median household income that was 33.5 percent less than the all population median published in the 2000 Census, with a median of $17,119. Hispanic Householders in Lake County, Tennessee reported a median household income of $48,263, which is 87.5 percent greater than the areas median income level for all households. The households that were headed by an American Indian and Alaska Native individual in Lake County reported a median household income of $2,924, this median was 88.6 percent less than the median level for total households in the area.







Datasource: U.S. Bureau of the Census. 2000 Decennial Census.