Friday, February 23, 2007

Knox County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Knox County

Out of the 4-digit NAICS industries, the Full-service restaurants industry has accounted the most employment growth with a total of 2,227 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 8.9 percent of the total growth in Knox County.

Top 5 Industries
1. Full-service restaurants (2,227 new jobs)
2. Limited-service eating places (1,600 new jobs)
3. Activities related to credit intermediation (1,449 new jobs)
4. General medical and surgical hospitals (1,232 new jobs)
5. Offices of physicians (1,046 new jobs)

Total Five-Year Employment Decline in Knox County

The Gasoline stations industry witnessed the largest drop in employment, losing a total of 897 jobs in that time period. The declines in the Gasoline stations industry make up 11.2 percent of the jobs lost during the period in Knox County, Tennessee.

Top 5 Industries
1. Gasoline stations (897 jobs lost)
2. Traveler accommodation (599 jobs lost)
3. Lessors of nonfinancial intangible assets (497 jobs lost)
4. Building finishing contractors (415 jobs lost)
5. Department stores (366 jobs lost)

In Knox County, Tennessee, the total number of workers for all sectors has increased by 17,110 jobs from mid-2001 to mid-2006.

Given the 163 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 68 described an expansion of jobs throughout the time period, while 95 industry sectors reported declines during the time period.

Knox County Five-Year Percentage Growth in Employment

The Activities related to credit intermediation industry has seen the largest percentage job growth, expanding by 821.9 percent from 2001 to 2006. This industry in Knox County has added employment faster than the industry has grown in the State of Tennessee, where this industry saw a gain of 42.9 percent. The Activities related to credit intermediation industry in Knox County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 49.5 percent of the industry employment.

Top 5 Industries
1. Activities related to credit intermediation (821.9 percent gain)
2. Support activities for road transportation (200.4 percent gain)
3. Colleges and universities (181.4 percent gain)
4. Motion picture and video industries (158.9 percent gain)
5. Remediation and other waste services (122.7 percent gain)

Knox County Five-Year Percentage Decline in Employment

The Lessors of nonfinancial intangible assets industry has seen the largest percentage drop in employment, losing 91.4 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has gone through in the Tennessee, where the industry sector experienced a loss of 37.8 percent. The losses in the Lessors of nonfinancial intangible assets industry in Knox County outpaced the US in terms of percent of decline of industry employment. The US lost 6.5 percent in terms of employees in the Lessors of nonfinancial intangible assets industry.

Top 5 Industries
1. Lessors of nonfinancial intangible assets (91.4 percent decline)
2. Sound recording industries (81.4 percent decline)
3. Rubber product manufacturing (66 percent decline)
4. Waste treatment and disposal (65.7 percent decline)
5. Household and institutional furniture mfg. (63 percent decline)

Total industry employment has increased by 9.9 percent from 2001 (2nd Quarter). These figures are greater than growth in Tennessee, which went through a gain of 3.3 percent since the 2nd Quarter of 2001. The gains felt were greater than than the gain seen for the United States of 2.6 percent.





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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