Wednesday, March 21, 2007

In Fayette County, jobs in the management of companies and enterprises pay the highest wages


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Individuals that are employed in the management of companies and enterprises industry reported the top wages in Fayette County for the 2nd quarter of 2006. The average worker in the industry in Fayette County received an annual wage of $172,603 in 2006. The average wage is greater than the industry wage rate in Tennessee of $75,848 and greater than then the pay for jobs in this industry across the nation of $82,655.

High-wage employment in Fayette County, Tennessee may be found in computer systems design and related services ($108,073), commercial equip. merchant wholesalers ($85,364), residential building construction ($59,161) and electronic markets and agents and brokers ($55,774) industries. Note: Clicking the Above Graphic Displays the Detailed Comparison

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, March 09, 2007

Fayette County Wages have increased by 27.5% Since 2001


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From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in Fayette County, Tennessee by a total of 27.5%. This is greater than the growth in average industry wages for Tennessee and greater than the growth in industry wages across the US.

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.

Tuesday, February 27, 2007

Fayette County Industry Wages Exceed Tennessee, but Wages Lag Behind the United States


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The overall industry wages in Fayette County, Tennessee can be understood as being relatively high when analyzed with other 2nd quarter of 2006 County wages throughout the state. The average pay is 1.4 percent higher than the state, which accounted an average of $36,146. The industry pay was less than the overall average in the United States 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

Fayette County Five-Year Industry Employment Change

Fayette County Five-Year Percentage Growth in Employment

The Building equipment contractors industry has experienced the largest percentage growth, expanding by 321.8 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Fayette County has added employment faster than the growth seen in the industry for Tennessee, where this industry saw a gain of 2.5 percent. The Building equipment contractors industry in Fayette County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 5.3 percent.

Top 5 Industries
1. Building equipment contractors (321.8 percent gain)
2. Other specialty trade contractors (180.6 percent gain)
3. Nonresidential building construction (128.8 percent gain)
4. Offices of real estate agents and brokers (81.0 percent gain)
5. Lessors of real estate (72.2 percent gain)

Fayette County Five-Year Percentage Decline in Employment

The Unclassified industry has lost the biggest percent of jobs, losing 83.3 percent from 2001 (Q2) to 2006 (Q2). 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 30.2 percent. The losses in the Unclassified industry in Fayette County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 1.7 percent in terms of employees in the Unclassified industry.

Top 5 Industries
1. Unclassified (83.3 percent decline)
2. Printing and related support activities (47.1 percent decline)
3. Building foundation and exterior contractors (32.2 percent decline)
4. Building finishing contractors (21.6 percent decline)
5. Private households (19.6 percent decline)

Total industry employment has increased by 28.4 percent since the 2nd Quarter of 2001. This is greater than growth in the State of Tennessee, experiencing a gain of 3.3 percent from the 2nd Quarter of 2001. The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

In Fayette County, Tennessee, the total number of jobs throughout all industries has increased by 1,089 total jobs from 2001 to 2006.

Total Five-Year Employment Growth in Fayette County

Of the industries (4-digit NAICS) in the area, the Building equipment contractors industry has accounted the most employment growth with a total of 108 jobs added during the time period. These new jobs in the Building equipment contractors industry makes up 33.4 percent of the total number of new jobs in Fayette County.

Top 5 Industries
1. Building equipment contractors (108 new jobs)
2. Other specialty trade contractors (81 new jobs)
3. Other general merchandise stores (40 new jobs)
4. Nonresidential building construction (25 new jobs)
5. Legal services (16 new jobs)

Total Five-Year Employment Decline in Fayette County

Of the area's industries (4-digit NAICS), the Architectural and structural metals mfg. industry faced the greatest employment loss with a total loss of 47 jobs during the time period. The jobs lost in the Architectural and structural metals mfg. industry make up 42.3 percent of the total job loss in Fayette County, Tennessee.

Top 5 Industries
1. Architectural and structural metals mfg. (47 jobs lost)
2. Building foundation and exterior contractors (41 jobs lost)
3. Building finishing contractors (7 jobs lost)
4. Printing and related support activities (5 jobs lost)
5. Unclassified (5 jobs lost)

Given the 20 4-digit NAICS industries, 7 accounted an for increase in employment during the period and 13 industries reported employment loss in the period.





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.

Thursday, January 11, 2007

Fayette County One-Year Industry Employment Change

Fayette County One-Year Percentage Decline in Employment

The Commercial equip. merchant wholesalers industry has lost the biggest percent of jobs, losing 51.6 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the Tennessee, where the industry felt a gain of 2.4 percent. The losses in the Commercial equip. merchant wholesalers industry in Fayette County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 1.4 in percent of workers in the Commercial equip. merchant wholesalers industry.

Top 5 Industries
1. Commercial equip. merchant wholesalers (51.6 percent decline)
2. Personal care services (42.9 percent decline)
3. Unclassified (40 percent decline)
4. Private households (35.9 percent decline)
5. Lessors of real estate (18.4 percent decline)

Total industry employment has increased by 6.5 percent since the 2nd Quarter of 2005. This is greater than growth in Tennessee, which went through a gain of 1.9 percent from 2005 (2nd Quarter). The gains were greater than than the gain reported at the US level of 2.0 percent.

Fayette County One-Year Percentage Growth in Employment

The Architectural and engineering services industry has gone through the largest job growth by percent, increasing by 57.9 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Fayette County has grow faster than the industry job growth experienced in Tennessee, where it saw a gain of 5.5 percent. The Architectural and engineering services industry in Fayette County outpaced the national average, which felt a gained 5.5 percent of the employment in this industry.

Top 5 Industries
1. Architectural and engineering services (57.9 percent gain)
2. Building finishing contractors (53.8 percent gain)
3. Gasoline stations (35.7 percent gain)
4. Services to buildings and dwellings (31.0 percent gain)
5. Legal services (29.7 percent gain)

Total One-Year Employment Growth in Fayette County

From the industries (4-digit NAICS) in the area, the Building equipment contractors industry has accounted the most employment growth with a total of 23 total jobs brought in during the period. The growth in the Building equipment contractors industry makes up 17.7 percent of the total employment growth in Fayette County.

Top 5 Industries
1. Building equipment contractors (23 new jobs)
2. Limited-service eating places (19 new jobs)
3. Building foundation and exterior contractors (18 new jobs)
4. Gasoline stations (17 new jobs)
5. Services to buildings and dwellings (12 new jobs)

Total One-Year Employment Decline in Fayette County

Of the area's industries (4-digit NAICS), the Architectural and structural metals mfg. industry faced the greatest employment loss with a total loss of 60 jobs during the period. The employment lost in the Architectural and structural metals mfg. industry make up 50.0 percent of the jobs lost during the period in Fayette County, Tennessee.

Top 5 Industries
1. Architectural and structural metals mfg. (60 jobs lost)
2. Cement and concrete product manufacturing (12 jobs lost)
3. Depository credit intermediation (11 jobs lost)
4. Private households (8 jobs lost)
5. Personal care services (7 jobs lost)

In Fayette County, Tennessee, the total number of workers for all sectors has increased by 299 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

From the 30 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 14 showed an escalation in the number employed, while 15 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.

Wednesday, November 29, 2006

Demographic Profile for Fayette County, Tennessee

The U.S. Census Bureau, in the year 2005, estimated a median age in Fayette County, Tennessee to be 35.8 years of age. The median in Fayette is less than the median age in the State of Tennessee of 37.3. From 2000, the area has seen a decline in the median age, at that time the median was 38.2 years of age. With a total of 23 percent of the population in 2005 being comprised of children and youth younger than 18, Fayette can be understood as being made up of a medium-low proportion of youths. The working age population group (18-64) has a medium-high presence of the population, with 65 percent of the population within the age group. People 65 and older make up 12 percent of the population. When compared to other counties in the United States, this represents a medium-low proportion of the area population base.

From 2000, a low amount of people migrated to Fayette from outside the country. The immigration into Fayette accounts for 0.1 percent of the total migration into the State of Tennessee. This level of international migration can be considered low when analyzed against immigration per population in 2005.

Fayette County, Tennessee has a population that is made of 67.9 percent White, 28 percent African American, 1.2 percent Asian, and 1.9 percent Hispanic. The area can be described as having a high level of diversity in terms of race and ethnicity, with 31.1 percent minorities. This is greater than the State of Tennessee percent of 20.9. Since 2000, Fayette has decreased the level of diversity when 37.1 percent of the population were minorities.

Fayette County, Tennessee had an estimated population of 34,458 in 2005. The total population has increased very sharply, since the population in 2000 of 29,122. This growth shows an increase of 18.3 percent. Fayette ranks 12 of 95 counties when analyzing total population change in Tennessee and the county ranks 479 of 3,141 counties in terms of population growth in the United States.

When measuring the total land area, Fayette spans a total area of 704 square miles. The county has a low average population density of 49 persons per square mile, in 2005. Other US counties with similar densities include: -- more densely populated -- Pontotoc, OK (49 per sq. mile ), Allegany, NY (49 per sq. mile ), Buchanan, VA (49 per sq. mile ), -- less densely populated -- Covington, MS (49 per sq. mile ), Washington, UT (49 per sq. mile ), Dickenson, VA (49 per sq. mile ).

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Monday, November 13, 2006

Housing Report for Fayette County, Tennessee

In Fayette County, the U.S. Census Bureau, Population Division accounted for a total of 12,750 housing units in the year 2005. This represents a growth in housing units, adding a total of 1,277 homes since 2001, or 11.1 percent.

Fayette County recorded median owner-occupied home value in the year 2000 of $100,100, according to the Decennial Census. This home value is greater than the Tennessee 2000 home median value of $93,000 and less than median home value of $119,600 across the nation during that year.

Throughout the State of Tennessee, Fayette County is positioned 7 of 95 in terms of growth of new housing structures between 2001 and 2005. The county stands 240 of 3,141, comparing the percentage change in residential in other US counties.

It can be understood that there is a large amount of real estate that is affordable in Fayette County, Tennessee. In 2000, 59.3 percent of residential real estate was valued under $125,000.





Data Source: U.S. Census Bureau

Monday, October 30, 2006

Employment Report for Fayette County, Tennessee -- Annual 2005 Industry Summary

Wholesale trade is an attractive industry due to its high level of job growth since the year 2001 in Fayette County, growing by 83.5 percent. This is greater than the United States industry change in employment of 0.4 percent. The State of Tennessee experienced a sector employment shift of 2.6 percent, since the year 2001.

Manufacturing is the industry with the largest establishments in Fayette County, averaging 38 jobs per place of business. This is less than the industry's average in the United States of 39 and less than the Tennessee establishments size average of 56 for the Manufacturing industry.

In Fayette County, Manufacturing, Management of companies and enterprises and Construction have the highest US LQ in 2005. The Manufacturing industry has a US LQ in the county of 3.06. In other words, the percent of total jobs in the Manufacturing sector is 3.06 times the percent of the national average, This signifies that Fayette County produces more than its local requirement of products and/or services of Manufacturing.

In Fayette County, Manufacturing, Construction, and the Retail Trade industries are the largest employment industries. The Manufacturing produces the largest number of jobs in the area accounting for 39.2 percent of all jobs throughout the county, totaling 1,793 employees. The Construction and Retail Trade industries make up 10.8 and 10.8 percent of all employment.









Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).

 

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