Tuesday, February 27, 2007

Putnam County Industry Wages Lag Behind Tennessee, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Wages in all industries in Putnam County, Tennessee can be described as medium-low when compared to other 2nd quarter of 2006 County wages throughout the state. The average pay is 23.1 percent lower than the with an state average of $36,146. The overall industry wage was less than the US average pay 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.

Friday, February 23, 2007

Putnam County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Putnam County

Out of the 4-digit NAICS industries, the Other general merchandise stores industry has accounted the most employment growth with a total of 436 jobs added during the time period. These new jobs in the Other general merchandise stores industry makes up 12.9 percent of the growth in Putnam County.

Top 5 Industries
1. Other general merchandise stores (436 new jobs)
2. Limited-service eating places (357 new jobs)
3. Employment services (277 new jobs)
4. Building material and supplies dealers (268 new jobs)
5. Full-service restaurants (238 new jobs)

From the 85 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 29 described an expansion of jobs throughout the time period, while 56 industries reported a drop in employment.

Total Five-Year Employment Decline in Putnam County

Of the area's industries (4-digit NAICS), the Specialized freight trucking industry experienced most substantial job loss, losing 464 jobs. The declines in the Specialized freight trucking industry make up 25.6 percent of the total job loss in Putnam County, Tennessee.

Top 5 Industries
1. Specialized freight trucking (464 jobs lost)
2. Furniture stores (338 jobs lost)
3. Department stores (275 jobs lost)
4. Drycleaning and laundry services (171 jobs lost)
5. Petroleum merchant wholesalers (114 jobs lost)

In Putnam County, Tennessee, the total number of workers for all sectors has increased by 1,094 total jobs from 2001 to 2006.

Putnam County Five-Year Percentage Decline in Employment

The Specialized freight trucking industry has lost the largest amount of employment in terms of percentage, losing 87.6 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has seen in the Tennessee, where the it saw a gain of 0.9 percent. The losses in the Specialized freight trucking industry in Putnam County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 6.8 in percent of jobs in the Specialized freight trucking industry.

Top 5 Industries
1. Specialized freight trucking (87.6 percent decline)
2. Furniture stores (75.4 percent decline)
3. Drycleaning and laundry services (69.9 percent decline)
4. Unclassified (60 percent decline)
5. Metalworking machinery manufacturing (59.3 percent decline)

Total industry employment has increased by 4.5 percent from 2001 (2nd Quarter). These figures are greater than percent in Tennessee, which experienced a gain of 3.3 percent from the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain experienced overall in the US of 2.6 percent.

Putnam County Five-Year Percentage Growth in Employment

The Other general merchandise stores industry has witnessed the largest percentage of employment expansion, increasing by 389.6 percent from 2001 to 2006. This industry in Putnam County has grow faster than the overall industry growth seen in the State of Tennessee, where the industry felt a gain of 171.6 percent. The Other general merchandise stores industry in Putnam County outpaced the United States, which experienced a gained 31.2 percent of the industry employment.

Top 5 Industries
1. Other general merchandise stores (389.6 percent gain)
2. Death care services (225.0 percent gain)
3. Building material and supplies dealers (147.2 percent gain)
4. Office supplies, stationery, and gift stores (133.3 percent gain)
5. Other motor vehicle dealers (133.0 percent gain)





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.

 

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