Friday, February 23, 2007

Franklin County Five-Year Industry Employment Change

Franklin County Five-Year Percentage Growth in Employment

The Unclassified industry has seen the largest percentage job growth, expanding by 860.0 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Franklin County has grow faster than the industry job growth experienced in Tennessee, where the industry took a loss of 30.2 percent. The Unclassified industry in Franklin County outpaced the national average, which felt a gained 1.7 percent.

Top 5 Industries
1. Unclassified (860.0 percent gain)
2. Electronic markets and agents and brokers (517.6 percent gain)
3. Building foundation and exterior contractors (74.3 percent gain)
4. Beer, wine, and liquor stores (40.0 percent gain)
5. Health and personal care stores (32.4 percent gain)

Total employment has decreased by 8.3 percent from the reported values in 2001. These values are greater than growth in the State of Tennessee, which went through a gain of 3.3 percent since 2001 ( 2nd Quarter). The losses in the area were greater than than the gain seen for the United States of 2.6 percent.

Franklin County Five-Year Percentage Decline in Employment

The Machinery and supply merchant wholesalers industry has seen the largest percentage drop in employment, losing 67.5 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has felt in the State of Tennessee, where the industry sector experienced a loss of 2.9 percent. The losses in the Machinery and supply merchant wholesalers industry in Franklin County outpaced the United States industry losses overall. During this period, the United States lost 4 percent in terms of employees in the Machinery and supply merchant wholesalers industry.

Top 5 Industries
1. Machinery and supply merchant wholesalers (67.5 percent decline)
2. Building equipment contractors (55.9 percent decline)
3. Private households (46 percent decline)
4. Specialized freight trucking (39.8 percent decline)
5. Building finishing contractors (38.1 percent decline)

In Franklin County, Tennessee, the entire sum of jobs in all industries overall has decreased by 701 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Growth in Franklin County

Of the industries (4-digit NAICS) in the area, the Limited-service eating places industry has brought the most jobs with a total of 80 new jobs created in the period. The job growth in the Limited-service eating places industry makes up 27.4 percent of the total number of new jobs in Franklin County.

Top 5 Industries
1. Limited-service eating places (80 new jobs)
2. Building foundation and exterior contractors (34 new jobs)
3. Electronic markets and agents and brokers (29 new jobs)
4. Depository credit intermediation (23 new jobs)
5. Health and personal care stores (22 new jobs)

Out of the 35 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 17 accounted an for increase in employment during the period and 18 industries reported employment loss in the period.

Total Five-Year Employment Decline in Franklin County

Given the industries in the area, the Machinery and supply merchant wholesalers industry experienced most substantial job loss, losing 46 jobs in that time period. The declines in the Machinery and supply merchant wholesalers industry make up 21.2 percent of the jobs lost during the period in Franklin County, Tennessee.

Top 5 Industries
1. Machinery and supply merchant wholesalers (46 jobs lost)
2. Building equipment contractors (24 jobs lost)
3. Private households (21 jobs lost)
4. Greenhouse and nursery production (20 jobs lost)
5. Grocery stores (18 jobs lost)





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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