Friday, February 23, 2007

Monroe County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Monroe County

Of the industries (4-digit NAICS) in the area, the Ship and boat building industry has grown the most with 413 employees finding new jobs in the industry. The employment growth in the Ship and boat building industry makes up 26.9 percent of the total growth in Monroe County.

Top 5 Industries
1. Ship and boat building (413 new jobs)
2. Cut and sew apparel manufacturing (198 new jobs)
3. Depository credit intermediation (181 new jobs)
4. Limited-service eating places (138 new jobs)
5. Other specialty trade contractors (93 new jobs)

In Monroe County, Tennessee, the entire sum of jobs in all industries overall has increased by 2,160 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

From the 42 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 14 reported job growth in the duration of the last five years and 28 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Decline in Monroe County

Of the area's industries (4-digit NAICS), the General freight trucking industry experienced most substantial job loss, losing 295 jobs. The declines in the General freight trucking industry make up 65.2 percent of the employment lost during the period in Monroe County, Tennessee.

Top 5 Industries
1. General freight trucking (295 jobs lost)
2. Management of companies and enterprises (79 jobs lost)
3. Highway, street, and bridge construction (17 jobs lost)
4. Automotive repair and maintenance (13 jobs lost)
5. Other miscellaneous store retailers (11 jobs lost)

Total employment has increased by 20.4 percent since the 2nd Quarter figures of 2001. This change is greater than growth in the State of Tennessee, experiencing a gain of 3.3 percent since 2001 ( 2nd Quarter). The gains felt were greater than than the gain seen for the United States of 2.6 percent.

Monroe County Five-Year Percentage Growth in Employment

The Private households industry has witnessed the largest percentage of employment expansion, increasing by 241.7 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Monroe County has added employment faster than the growth seen in the industry for Tennessee, where the industry felt a loss of 5.8 percent. The Private households industry in Monroe County outpaced the national average, which felt a gained 19.8 percent of the industry employment.

Top 5 Industries
1. Private households (241.7 percent gain)
2. Other specialty trade contractors (171.2 percent gain)
3. Offices of real estate agents and brokers (167.6 percent gain)
4. Consumer goods rental (145.0 percent gain)
5. Architectural and engineering services (72.2 percent gain)

Monroe County Five-Year Percentage Decline in Employment

The General freight trucking industry has lost the largest amount of employment in terms of percentage, losing 89.2 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of Tennessee, where the industry sector experienced a loss of 2.3 percent. The losses in the General freight trucking industry in Monroe County outpaced the United States industry losses overall. During this period, the United States gained 0.2 in percent of jobs in the General freight trucking industry.

Top 5 Industries
1. General freight trucking (89.2 percent decline)
2. Management of companies and enterprises (64.5 percent decline)
3. Lawn and garden equipment and supplies stores (35 percent decline)
4. Highway, street, and bridge construction (34 percent decline)
5. Unclassified (33.3 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.

 

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