Tuesday, February 27, 2007

Jackson Metro Area Industry Wages Lag Behind Tennessee, and Wages Lag Behind the United States Industry Wages


(Click Image to Enlarge Graph)



Total wages in all industries in Jackson, TN can be described as medium-high when analyzed with other Metro Areas in the United States. The overall wages are 9.2 percent lower than the state, which accounted an average of $36,146. 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.

Sunday, February 11, 2007

Jackson Five-Year Industry Employment Change

Total Five-Year Employment Decline in the Jackson Metro Area

Of the area's industries (4-digit NAICS), the Management of companies and enterprises industry experienced most substantial job loss, losing 585 jobs during the time period. The jobs lost in the Management of companies and enterprises industry make up 23.4 percent of the jobs lost during the period in Jackson, TN.

Top 5 Industries
1. Management of companies and enterprises (585 jobs lost)
2. Department stores (385 jobs lost)
3. Grocery stores (272 jobs lost)
4. Special food services (259 jobs lost)
5. Investigation and security services (185 jobs lost)

Of the 47 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 23 reported job growth in the duration of the last five years and 23 industry sectors accounting for employment declines during that time period.

In the Jackson, TN metro area, the entire sum of jobs in all of the industries has decreased by 116 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Growth in the Jackson Metro Area

Out of the 4-digit NAICS industries, the Limited-service eating places industry has accounted the most employment growth with a total of 568 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 29.8 percent of the total employment growth in Jackson.

Top 5 Industries
1. Limited-service eating places (568 new jobs)
2. Other general merchandise stores (481 new jobs)
3. Health and personal care stores (140 new jobs)
4. Building foundation and exterior contractors (123 new jobs)
5. Elementary and secondary schools (97 new jobs)

The total number of jobs has decreased by 0.2 percent since the 2nd Quarter of 2001. This is greater than percent in Tennessee, which went through a gain of 3.3 percent from 2001 (2nd Quarter). The losses in the area were greater than than the gain felt at the national level of 2.6 percent.

The Jackson Metro Area: Five-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 211.1 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Jackson has grow faster than the industry has grown in the State of Tennessee, where the industry felt a loss of 30.2 percent. The Unclassified industry in Jackson outpaced the nation in terms of industry employment growth . During this period, the nation gained 1.7 percent of the employment in this industry.

Top 5 Industries
1. Unclassified (211.1 percent gain)
2. Other general merchandise stores (122.1 percent gain)
3. Paper and paper product merchant wholesalers (106.3 percent gain)
4. Health and personal care stores (83.7 percent gain)
5. Activities related to real estate (69.4 percent gain)

The Jackson Metro Area: Five-Year Percentage Decline in Employment

The Machinery and equipment rental and leasing industry has lost the largest amount of employment in terms of percentage, losing 76.6 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Tennessee, where the it saw a gain of 13.4 percent. The losses in the Machinery and equipment rental and leasing industry in Jackson outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 13.6 in percent of jobs in the Machinery and equipment rental and leasing industry.

Top 5 Industries
1. Machinery and equipment rental and leasing (76.6 percent decline)
2. Special food services (67 percent decline)
3. Management of companies and enterprises (61 percent decline)
4. Accounting and bookkeeping services (54.3 percent decline)
5. Book, periodical, and music stores (52.8 percent decline)

 

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