Wednesday, March 21, 2007

In Madison County, jobs in the management and technical consulting services pay the highest wages


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Jobs in the management and technical consulting services industry wages were the highest in Madison County for the 2nd quarter of 2006. The average worker in the industry in Madison County earned an annual wage of $80,508 in 2nd quarter of 2006. The pay is greater than the industry wage rate in Tennessee of $54,916 and greater than then the pay for jobs in this industry in the United States of $67,321.

Other top-pay jobs in Madison County, Tennessee can be found in offices of physicians ($78,171), paint, coating, and adhesive manufacturing ($60,068), electronic markets and agents and brokers ($56,145) and office administrative services ($55,115) 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

Madison County Wages have increased by 16.3% Since 2001


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Industry wages, from 2001 to 2006, have increased in Madison County, Tennessee by a total of 16.3%. This is less than the growth in industry wages for the State of Tennessee and greater than the growth in average wages for 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

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


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Total wages in all industries in Madison County, Tennessee can be described as relatively high when analyzed with other Counties in the state. The overall wages are 8.2 percent lower than the reported averages in the state 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.

Friday, February 23, 2007

Madison County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Madison County

Out of the 4-digit NAICS industries, the Individual and family services industry has accounted the most employment growth with a total of 572 employees finding new jobs in the industry. The employment growth in the Individual and family services industry makes up 10.8 percent of the total number of new jobs in Madison County.

Top 5 Industries
1. Individual and family services (572 new jobs)
2. Other general merchandise stores (491 new jobs)
3. Limited-service eating places (465 new jobs)
4. General freight trucking (359 new jobs)
5. Full-service restaurants (344 new jobs)

Given the 109 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 43 described an expansion of jobs throughout the time period, while 65 industries reported employment loss in the period.

Total Five-Year Employment Decline in Madison County

Of the area's industries (4-digit NAICS), the Management of companies and enterprises industry has lost the most employment with a total loss of 585 jobs during the time period. The jobs lost in the Management of companies and enterprises industry make up 15.9 percent of the total job loss in Madison County, Tennessee.

Top 5 Industries
1. Management of companies and enterprises (585 jobs lost)
2. Department stores (385 jobs lost)
3. Grocery stores (279 jobs lost)
4. Special food services (259 jobs lost)
5. Nonresidential building construction (226 jobs lost)

In Madison County, Tennessee, the aggregate employment for all industry sectors has increased by 178 jobs from mid-2001 to mid-2006.

Total industry employment has increased by 0.4 percent since the 2nd Quarter figures of 2001. This change is less than percent in Tennessee, experiencing a gain of 3.3 percent since the 2nd Quarter of 2001. The gains the area experienced were less than than the gain seen for the United States of 2.6 percent.

Madison County Five-Year Percentage Growth in Employment

The Activities related to credit intermediation industry has witnessed the largest percentage of employment expansion, increasing by 495.5 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Madison County has increased employment faster than the growth seen in the industry for Tennessee, where the industry took a gain of 42.9 percent. The Activities related to credit intermediation industry in Madison County outpaced the United States, which experienced a gained 49.5 percent.

Top 5 Industries
1. Activities related to credit intermediation (495.5 percent gain)
2. Individual and family services (246.2 percent gain)
3. Commercial equip. merchant wholesalers (196.3 percent gain)
4. Utility system construction (193.0 percent gain)
5. Unclassified (172.2 percent gain)

Madison County 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 has seen in the Tennessee, where the industry reported a gain of 13.4 percent. The losses in the Machinery and equipment rental and leasing industry in Madison County outpaced the US in terms of percent of decline of industry employment. The US 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. Coating, engraving, and heat treating metals (67.3 percent decline)
3. Special food services (67 percent decline)
4. Management of companies and enterprises (61 percent decline)
5. Business support services (60.2 percent decline)





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.

Monday, January 22, 2007

Madison County One-Year Industry Employment Change

Madison County One-Year Percentage Decline in Employment

The Office supplies, stationery, and gift stores industry has lost the largest amount of employment in terms of percentage, losing 66.6 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has felt in the State of Tennessee, where the industry reported a loss of 10.8 percent. The losses in the Office supplies, stationery, and gift stores industry in Madison County outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 4 percent in terms of employees in the Office supplies, stationery, and gift stores industry.

Top 5 Industries
1. Office supplies, stationery, and gift stores (66.6 percent decline)
2. Special food services (61.3 percent decline)
3. Warehousing and storage (45.9 percent decline)
4. Social advocacy organizations (32.7 percent decline)
5. Private households (29 percent decline)

Total employment has increased by 0.7 percent from 2005 (2nd Quarter). These figures are less than percent in the State of Tennessee, experiencing a gain of 1.9 percent since 2005 ( 2nd Quarter). The gains were less than than the gain felt at the national level of 2.0 percent.

Madison County One-Year Percentage Growth in Employment

The Management of companies and enterprises industry has gone through the largest job growth by percent, increasing by 397.8 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Madison County has expanded faster than the growth seen in the industry for Tennessee, where it saw a gain of 3.4 percent. The Management of companies and enterprises industry in Madison County outpaced the United States, which experienced a gained 2.7 percent of the employment in this industry.

Top 5 Industries
1. Management of companies and enterprises (397.8 percent gain)
2. Utility system construction (78.3 percent gain)
3. Unclassified (69.0 percent gain)
4. Activities related to credit intermediation (61.7 percent gain)
5. Other financial investment activities (59.4 percent gain)

Total One-Year Employment Decline in Madison County

Given the industries in the area, the Office supplies, stationery, and gift stores industry faced the greatest employment loss with a total loss of 283 jobs in that time period. The declines in the Office supplies, stationery, and gift stores industry make up 19.7 percent of the employment lost during the period in Madison County, Tennessee.

Top 5 Industries
1. Office supplies, stationery, and gift stores (283 jobs lost)
2. Special food services (202 jobs lost)
3. Grocery stores (184 jobs lost)
4. Offices of physicians (91 jobs lost)
5. Warehousing and storage (85 jobs lost)

In Madison County, Tennessee, the aggregate employment for all industry sectors has increased by 294 jobs between mid-2005 and mid-2006.

Of the 113 4-digit NAICS industries, 51 described an expansion of jobs throughout the time period, while 59 industries reported employment loss in the period.

Total One-Year Employment Growth in Madison County

Of the industries (4-digit NAICS) in the area, the Management of companies and enterprises industry has accounted the most employment growth with a total of 300 total jobs brought in during the period. The growth in the Management of companies and enterprises industry makes up 17.9 percent of the growth in Madison County.

Top 5 Industries
1. Management of companies and enterprises (300 new jobs)
2. Employment services (173 new jobs)
3. Building equipment contractors (129 new jobs)
4. Individual and family services (79 new jobs)
5. Utility system construction (67 new jobs)





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.

Thursday, January 11, 2007

Income and Poverty in Madison County, Tennessee

When compared to other counties (or parishes) across the United States, Madison County, Tennessee can be considered to have a medium-high poverty rate amid the residents with a poverty rate of 14.0 percent of the individuals existing in families with incomes under the poverty level in 1999. The American Indian and Alaska Native race/ethnicity population category, holds the highest rate of poverty with 34.8 percent of the population in 2000 living in poverty. Individuals aged Under 5 years have the most percent of people living in poverty in Madison County, accounting 21.8 percent of this age cohort living in poverty.

As the median income level saw a decline in the last five year in Madison County, Tennessee, the Race/Ethnicity category that saw the sharpest decline in median household income was the White category. This category saw a decline of 8 percent since 2000. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income decline in Madison County, undergoing a 82.9 percent increase in median household income from 2000 to 2005.

The household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $39,619, which represents a 8.4 percent decline. Madison County, Tennessee, when analyzing percentage of decline, ranks 10 of 17 counties in percent of decline for median household income in the State of Tennessee. Madison County ranks 308 of 668 counties (or parishes) in terms of the decline in median household income in the United States.

The poverty rate in Madison County, Tennessee has increased by 1.9 percent from the rates reported in the Decennial Census, moving from 14 percent to 15.9 percent.

Black or African American headed households had a median household income that was 35.3 percent less than the all population median published in the 2000 Census, with a median of $28,007. The Asian householders in the area have reported their median household incomes at $72,618. This median income level is 67.8 percent greater than the reported median household income for all households in the area. The American Indian and Alaska Native headed households in Madison County had a median income of $33,638, this median was 22.3 percent less than the median for all households. In Madison County, Tennessee White headed households reported household income (in 2005 Dollars) of $50,847 as reported in 2000 by the census, which was 17.5 percent greater than the median in 2000. Hispanic households in Madison County, Tennessee recorded a median income of $48,375, this median is 11.8 percent greater than the reported median household income for all households in the area.

Compared to counties across the United States, Madison County reported a medium-high median household income of $43,269 (2005 Dollars). This median is 1.7 percent higher than the median income in State of Tennessee of $42,541 and the median is 13.6 percent lower than the median household income level in the US of $49,133.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Wednesday, December 20, 2006

Higher Education in Madison County, Tennessee

In 2000, the Census reported that in Madison County, Tennessee, a high proportion of the male population in the area have reached the High School Diploma category, with 31.6 percent receiving this level of education. The women in Madison have attainment on average a lower level of higher education (Bachelors or Higher) than the men in the area: 23.4 percent (Men) versus 20 percent (Women). The most common level of education for women in the area is High School Diploma category, with 30.2 percent of the women population in the area achieving this level of education.

Since the year 2000, Madison has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 0.4 percent to a total of 22 percent in 2005, as reported by the American Community Survey. The proportion of the 2005 population having received at least a BA is greater than the State of Tennessee percent of 21.8 and less than the average US percent of 27.2.

In Madison County, Tennessee as reported in the Census of the year 2000, 25.6 percent of the White Alone, 11.4 percent of Black or African American, 54 percent of the Asian alone and 15 percent of the Hispanic or Latino population, over the age 25, has achieved at least a Bachelors Degree.

Madison County, Tennessee is made up of a highly-educated population of the working age, with 21.6 percent of the population (+25) having received a BA or higher, as reported the 2000 Decennial Census. Madison is reported having a higher percent of individuals with higher educations than the State of Tennessee's proportion of 19.6 percent and a lower percent than the national average of 24.4 percent.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has decreased by 2.2 percent. In the year 2005, 20.8 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 3.0 percent. By the year 2005, a total of 23 percent of the total female population achieved this high level of education.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Wednesday, November 29, 2006

Demographic Profile for Madison County, Tennessee

Madison County, Tennessee had a population that was estimated at 94,916 in the year 2005. The population has increased, since the 2000 total population of 92,016. This growth denotes an increase of 3.2 percent. Madison ranks 24 of 95 counties by growth in total population in Tennessee and the county ranks 679 of 3,141 counties when analyzing total county population change across the nation.

Estimated since the year 2000, a medium-high amount of people migrated to Madison internationally. The international migration into Madison totals 1.6 percent of immigration into the State of Tennessee. This percent of immigration can be considered medium-high when compared to international migration per 2005 population.

In 2005, the Census Bureau estimated the median age in Madison County, Tennessee to be 35.8 years old. The median age in Madison is less than the median age for the State of Tennessee of 37.3. Since the year 2000, the area has seen an increase in the median, when the median age was 34.8 years of age. With a total of 24.7 percent of the 2005 population being comprised of individuals under the age of 18, Madison can be described as being made up of a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-high representation within the estimated 2005 area population, making up 63.3 percent of the population within the age category. People 65 years old and older make up 12.1 percent of the total population in the area. Compared to other counties in the US, this represents a medium-low percent of the population base.

In terms of total land area, Madison extends a total area of 557 square miles. This area has a medium-low average population density of 170 persons per square mile. Similar counties in the US, in terms of density, include: -- more densely populated -- Glynn, GA (170 per sq. mile ), Rankin, MS (170 per sq. mile ), Grant, IN (170 per sq. mile ), -- less densely populated -- Nash, NC (169 per sq. mile ), Pasquotank, NC (169 per sq. mile ), Livingston, LA (169 per sq. mile ).

Madison County, Tennessee has a population that is comprised of 61.9 percent White, 34 percent African American, 0.8 percent Asian, and 2.3 percent Hispanic. The area population base can be described as having a high amount of racial and ethnic diversity, with 37.1 percent of the population being minorities. This is greater than the State of Tennessee percent of 20.9. Since 2000, Madison has increased the level of diversity when 34.7 percent of the total population were minorities.

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

Monday, November 13, 2006

Housing Report for Madison County, Tennessee

Throughout the State of Tennessee, Madison County stands 17 of 95 by percent in growth of new residential structures. The county places 570 of 3,141, when comparing thee change in housing structures in counties throughout the nation.

Madison County is made up of a small, but present proportion of high-valued homes. In 2005, the American Community Survey reports that 0.6 percent of the homes were valued over $500,000.

The residential housing values in Madison County, Tennessee have seen large increases from the housing values in 2000. The residential values have increased by $22,600, or 26.6 percent, since their values in that year of $85,100.

Madison County recorded a median home value in 2005 of $107,700, accounted by the American Community Survey. This median is less than the overall State of Tennessee 2005 median home value of $114,000 and less than home value of $167,500 for the rest of the nation in that year.

In Madison County, there were a total of 41,583 homes in 2005. The county has experienced a growth in housing units, adding a sum of 2,609 residential structures since 2001, a change of 6.7 percent.

It can be understood that there is a large amount affordable residential real estate in Madison County, Tennessee. In 2005, 61.8 percent of owner-occupied dwellings were valued under $125k.

Data Source: U.S. Census Bureau

Monday, October 30, 2006

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

Manufacturing has the largest businesses in Madison County, with the industry averaging 80 jobs per place of business. This is greater than the industry's average in the United States of 39 and greater than the State of Tennessee average establishment size of 56 for the Manufacturing industry.

In Madison County, Manufacturing, Educational services and Retail Trade industries have the highest United States location quotient (LQ). The Manufacturing sector has a United State LQ of 1.79. The level of employment in the Manufacturing sector is 1.79 times more than the average percent in the United States, revealing signs that Madison County may specialize, or be an exporter of Manufacturing.

Arts, entertainment, and recreation in the period of 2001 to 2005 had the largest increase in employment in Madison County, changing a total of 36.5 percent. This is greater than the rate of employment change across the nation of 4.7 percent. The State of Tennessee felt a shift in employment in the industry of 13.9 percent, in the period of time since 2001.

In Madison County, Manufacturing, Retail Trade, and the Health care and social assistance sectors, in terms of total employment, are the largest. Manufacturing produces the largest number of jobs in the area accounting for 22.9 percent of all jobs throughout the county, totaling 10,048 jobs. The Retail Trade and Health care and social assistance industries total 17 and 12.7 percent of all employment.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in Madison County. The sector faced a loss of 1,846 total jobs during the period, accounting for 15.5 percent of the employment in the industry. This made up a total of 38.3 percent of all employment losses in the county.







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

 

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