Nashville-Davidson--Murfreesboro, TN

Nashville-Davidson--Murfreesboro Metro Area industry wages have increased by 22.4% percent since 2001

2007-03-19T01:26:00.000-07:00

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From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in the Nashville-Davidson--Murfreesboro Metro Area by a total of 22.4%. This is greater than the growth in average industry wages for Tennessee and greater than the growth in average industry wages for the United States.

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.

Nashville-Davidson--Murfreesboro Metro Area Industry Wages Exceed Tennessee, but Wages Lag Behind the United States Industry Wages

2007-02-27T22:30:00.000-08:00

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Total wages in all industries in Nashville-Davidson--Murfreesboro, TN can be described as relatively high when analyzed with other Metro Areas in the United States. The overall wages are 4.2 percent higher than the state, which accounted an average of $36,146. The industry pay 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.

Nashville-Davidson--Murfreesboro Five-Year Industry Employment Change

2007-02-11T14:00:00.000-08:00

Total Five-Year Employment Growth in the Nashville-Davidson--Murfreesboro Metro Area

Out of the 4-digit NAICS industries, the Alcoholic beverage merchant wholesalers industry has brought the most jobs with a total of 87 total jobs brought in during the period. The growth in the Alcoholic beverage merchant wholesalers industry makes up 52.4 percent of the total growth in Nashville-Davidson--Murfreesboro.

Top 1 Industries
1. Alcoholic beverage merchant wholesalers (87 new jobs)

Total Five-Year Employment Decline in the Nashville-Davidson--Murfreesboro Metro Area

The Unclassified industry experienced most substantial job loss, losing 71 jobs. The declines in the Unclassified industry make up 99.5 percent of the jobs lost during the period in Nashville-Davidson--Murfreesboro, TN.

Top 3 Industries
1. Unclassified (71 jobs lost)
2. Employment services (568 jobs lost)
3. Nursing care facilities (345 jobs lost)

In the Nashville-Davidson--Murfreesboro, TN metro area, the entire sum of jobs in all of the industries has increased by 50,454 total jobs from 2001 to 2006.

Total industry employment has increased by 8.5 percent since the 2nd Quarter of 2001. This is greater than growth in Tennessee, which saw a gain of 3.3 percent since 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.

The Nashville-Davidson--Murfreesboro Metro Area: Five-Year Percentage Growth in Employment

The Rooming and boarding houses industry has seen the largest percentage job growth, expanding by 113.6 percent from 2001 to 2006. This industry in Nashville-Davidson--Murfreesboro has grow faster than the industry job growth experienced in Tennessee, where it saw a loss of 38.4 percent. The Rooming and boarding houses industry in Nashville-Davidson--Murfreesboro outpaced the US in terms of percent growth of industry employment. During this period, the US lost 14.3 percent in this industry.

Top 3 Industries
1. Rooming and boarding houses (113.6 percent gain)
2. Alcoholic beverage merchant wholesalers (10.8 percent gain)
3. Gasoline stations (1.5 percent gain)

The Nashville-Davidson--Murfreesboro Metro Area: Five-Year Percentage Decline in Employment

The Unclassified industry has seen the largest percentage drop in employment, losing 18.7 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined slower than the industry has experienced in the State of Tennessee, where the industry reported a loss of 30.2 percent. The losses in the Unclassified industry in Nashville-Davidson--Murfreesboro outpaced the United States industry losses overall. During this period, the United States gained 1.7 in percent of jobs in the Unclassified industry.

Top 1 Industries
1. Unclassified (18.7 percent decline)

Nashville-Davidson--Murfreesboro One-Year Industry Employment Change

2007-01-24T16:57:00.000-08:00

Total One-Year Employment Growth in the Nashville-Davidson--Murfreesboro Metro Area

From the industries (4-digit NAICS) in the area, the Full-service restaurants industry has brought the most jobs with a total of 1,833 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 9.0 percent of the total employment growth in Nashville-Davidson--Murfreesboro.

Top 5 Industries
1. Full-service restaurants (1,833 new jobs)
2. Warehousing and storage (1,202 new jobs)
3. Clothing stores (1,163 new jobs)
4. Accounting and bookkeeping services (994 new jobs)
5. Building equipment contractors (929 new jobs)

Total One-Year Employment Decline in the Nashville-Davidson--Murfreesboro Metro Area

Of the area's industries (4-digit NAICS), the Employment services industry faced the greatest employment loss with a total loss of 937 jobs during the period. The employment lost in the Employment services industry make up 14.0 percent of the jobs lost during the period in Nashville-Davidson--Murfreesboro, TN.

Top 5 Industries
1. Employment services (937 jobs lost)
2. Book, periodical, and music stores (788 jobs lost)
3. Nondepository credit intermediation (438 jobs lost)
4. Office supplies, stationery, and gift stores (314 jobs lost)
5. Electronic markets and agents and brokers (302 jobs lost)

In the Nashville-Davidson--Murfreesboro, TN metro area, the entire sum of jobs in all of the industries has increased by 17,816 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Out of the 188 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 66 reported job growth in the duration of the year and 122 industry sectors reported declines during the time period.

The Nashville-Davidson--Murfreesboro Metro Area: One-Year Percentage Decline in Employment

The Junior colleges industry has lost the biggest percent of jobs, losing 45.8 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined at the same pace than the industry has seen in the Tennessee, where the industry reported a loss of 45.8 percent. The losses in the Junior colleges industry in Nashville-Davidson--Murfreesboro outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 1.6 percent in terms of employment in the Junior colleges industry.

Top 5 Industries
1. Junior colleges (45.8 percent decline)
2. RV parks and recreational camps (43.4 percent decline)
3. Book, periodical, and music stores (33.5 percent decline)
4. Petroleum merchant wholesalers (29.2 percent decline)
5. Used merchandise stores (21.2 percent decline)

The Nashville-Davidson--Murfreesboro Metro Area: One-Year Percentage Growth in Employment

The Monetary authorities - central bank industry has gone through the largest job growth by percent, increasing by 40.1 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Nashville-Davidson--Murfreesboro has grow faster than the industry has grown in the State of Tennessee, where the industry took a gain of 22 percent. The Monetary authorities - central bank industry in Nashville-Davidson--Murfreesboro outpaced the United States, which experienced a gained 2.3 percent of the employment in this industry.

Top 5 Industries
1. Monetary authorities - central bank (40.1 percent gain)
2. Warehousing and storage (38.3 percent gain)
3. Semiconductor and electronic component mfg. (36.0 percent gain)
4. Independent artists, writers, and performers (32.3 percent gain)
5. Plywood and engineered wood product mfg. (28.9 percent gain)

Total employment has increased by 2.9 percent from 2005 (2nd Quarter). These figures are greater than growth in the State of Tennessee, which went through a gain of 1.9 percent since 2005 ( 2nd Quarter). The gains were greater than than the gain seen for the United States of 2 percent.

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.

Income and Poverty in Nashville-Davidson--Murfreesboro, TN

2007-01-11T17:16:00.000-08:00

As the median household income witnessed a decline during the period of 2000 to 2005 in the Nashville-Davidson--Murfreesboro, TN metro area, the Race/Ethnicity category that felt the biggest decline in median income was the Hispanic Race/Ethnicity category. This group experienced a decline of 39.6 percent since the year 2000. The Asian Race/Ethnicity category has been least effected by the income level decline in Nashville-Davidson--Murfreesboro, encountering a 43.5 percent increase in median income, since the values reporting the 2000 Decennial Census.

When put side-by-side with other Metros throughout the United States, the Nashville-Davidson--Murfreesboro metro area may be understood as having a medium-low poverty rate amongst the population, with a poverty rate of 10.1 percent of people living in a family with an income below the poverty level in 1999. The Hispanic race/ethnicity population category, holds the highest rate of poverty with 23.7 percent of the people in 2000 living in poverty. The population that is aged 5 years have the largest percent of population in poverty in Nashville-Davidson--Murfreesboro, reporting 16.2 percent of this demographic group living with incomes under poverty.

The median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $45,543, which amounts to a 12 percent decline. The Nashville-Davidson--Murfreesboro, TN MSA, when comparing total percent of decline, ranks 1 of 3 metro area in percent of decline for income levels in the State of Tennessee. Nashville-Davidson--Murfreesboro ranks 57 of 233 metro area in terms of the decline in median household income in the United States.

The rate of poverty in the Nashville-Davidson--Murfreesboro, TN Metro has increased by 1.7 percent since the 2000 rates, moving from 10.1 percent to 11.8 percent.

When analyzed against other Metropolitan Statistical Areas in the US, the Nashville-Davidson--Murfreesboro metro area had a relatively high median household income of $51,741 (2005 Dollars). This median is 17.8 percent higher than the median in State of Tennessee of $42,541 and the median household income is 5 percent higher than the median household income in the United States of $49,133.

In Nashville-Davidson--Murfreesboro, TN White householders had a median household income (in 2005 Dollars) of $55,257 according to the 2000 Dencennial Census, which was 6.8 percent greater than the median in 2000. The Asian householders in the area have reported their median household incomes at $53,208. This household income level is 2.8 percent greater than the reported median household income for all households in the area. The American Indian and Alaska Native headed households in Nashville-Davidson--Murfreesboro had a median household income level of $46,688, this was 9.8 percent less than the median for all households. Black or African American householders reported a median household income that was 31.9 percent less than the overall reported level in 2000, with a reported median of $35,218. Hispanic households in Nashville-Davidson--Murfreesboro, TN , as reported in 2000, had a median household income of $40,192, this median is 22.3 percent less than the reported median household income for all households in the area.

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

Higher Education in the Nashville-Davidson--Murfreesboro, TN Metro Area

2006-12-19T21:14:00.000-08:00

From 2000 to 2005, the percent of male population that is highly educated has increased by 1.6 percent. As reported in 2005, 30.6 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 1.0 percent. By 2005, a total of 26.2 percent of the female population had achieved this level of education.

In the Nashville-Davidson--Murfreesboro, TN Metro Area as reported in the American Community Survey of the year 2005, 30 percent of the White Alone, 18 percent of Black or African American, 43 percent of the Asian alone and 15 percent of the Hispanic or Latino (+25) population has achieved at least a Bachelors Degree.

Nashville-Davidson--Murfreesboro, TN Metro Area has a highly-educated 2005 population, with 28.4 percent of the population (+25) having received a BA or higher, as reported in American Community Survey of 2005. The Nashville-Davidson--Murfreesboro MSA is reported having a higher percent of highly educated individuals than the State of Tennessee's proportion of 21.8 percent and a higher percent than the national average of 27.2 percent.

According to the 2005 American Community Survey in the Nashville-Davidson--Murfreesboro, TN Metro Area, many men in the area have reached the Bachelors Degree or Higher category, with 30.6 percent achieving this level. The female population in the Nashville-Davidson--Murfreesboro metro area on average have achieved a lower level of higher education (Bachelors or Higher) than men; 30.6 percent (Men) versus 26.2 percent (Women). Many of the women in the area achieving a High School Diploma category, with 32 percent of the female population achieving this education level.

Since the year 2000, the Nashville-Davidson--Murfreesboro metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 1.6 percent to a total of 28.4 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the State of Tennessee percent of 21.8 and greater than the US percent of 27.2.

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

Demographic Profile for Nashville-Davidson--Murfreesboro, TN

2006-12-03T04:38:00.000-08:00

The Nashville-Davidson--Murfreesboro metro area had a population that was estimated at 1,422,544 for the year 2005. The total population has increased sharply, since its 2000 population of 1,317,256. This growth denotes an increase of 8 percent. Nashville-Davidson--Murfreesboro ranks 1 of 10 MSAs by growth in total population in Tennessee and the metro area ranks 28 of 361 metro areas when analyzing total MSA population change across the nation.

When calculating the total land area, the Nashville-Davidson--Murfreesboro metro area extends a total area of 5687 square miles. The land areas has a medium-high average area density of 250 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Vero Beach (256 per sq. mile ), San Antonio (257 per sq. mile ), Mansfield (258 per sq. mile ), -- less densely populated -- Spokane (250 per sq. mile ), Hagerstown-Martinsburg (249 per sq. mile ), Kansas City (248 per sq. mile ).

The Nashville-Davidson--Murfreesboro metropolitan statistical area (MSA) has a population base that is comprised of 77 percent White, 15.1 percent African American, 1.9 percent Asian, and 4.6 percent Hispanic. This area can be considered to have a high amount of racial and ethnic diversity, with 21.6 percent of the population being minorities. This is greater than the State of Tennessee percent of 20.9. Since 2000, Nashville-Davidson--Murfreesboro has increased the percent of minority population when 19.6 percent of the population was made up of minorities.

Since the year 2000, a high amount of people migrated into the Nashville-Davidson--Murfreesboro metro area, with 20,263 people migrating in from another country. The international migration into Nashville-Davidson--Murfreesboro accounts for 40.5 percent of immigration into the State of Tennessee. This percent of immigration can be considered high when analyzed against immigration per population in 2005.

The U.S. Census Bureau, in the year 2005, estimated the median age in the Nashville-Davidson--Murfreesboro metro area to be 36.2 years old. The median in Nashville-Davidson--Murfreesboro is less than the median age in Tennessee of 37.3. Since 2000, the area has experienced an increase in the median age, when it was 34.5 years of age. With a total of 23.8 percent of the 2005 population being made up of children and youth younger than 18, Nashville-Davidson--Murfreesboro can be described as having a medium-high proportion of youths. The 18 to 64 years old population group has a relatively high representation within the population, making up 65.8 percent of the population makes up this age category. The retirement (65 and over) age group comprises 10.4 percent of the total population in the area. Compared to other metro areas in the US, this represents a medium-low proportion of the population.

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

Housing Report for Nashville-Davidson--Murfreesboro

2006-11-11T21:52:00.000-08:00

In Nashville-Davidson--Murfreesboro, the census reported 609,914 homes in 2005. The metro area has experienced a medium-high growth level in the number housing units, adding a total of 52,566 housing units since the year 2001, or 9.4 percent.

The residential housing values in Nashville-Davidson--Murfreesboro, Tennessee have experienced moderate increases from the real estate values reported in 2000. The valuations have increased by $24,900, or 20.1 percent, from 2000 when they had reported median values of $123,600.

Nashville-Davidson--Murfreesboro can be understood as having a medium percentage of homes that are high in price. For 2005, the American Community Survey counted that 4 percent of the houses were valued over a half a million dollars.

It can be understood that there is a fair amount of real estate that is affordable in Nashville-Davidson--Murfreesboro, Tennessee. In 2005, 37.4 percent of residential real estate was valued under $125,000.

When comparing areas across the State of Tennessee, Nashville-Davidson--Murfreesboro ranks 1 of the 10 metro areas by percent in growth of new residential structures. The metropolitan area places 69 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Nashville-Davidson--Murfreesboro had an owner-occupied dwelling median in 2005 of $148,500, accounted by the American Community Survey. This value is greater than the Tennessee 2005 home median value of $114,000 and less than median owner-occupied dwelling value of $167,500 across the United States during the same year.

Data Source: U.S. Census Bureau

Employment Report for Nashville, Tennessee -- Annual 2005 Industry Summary

2006-11-05T01:33:00.000-08:00

A well-paying sector in Nashville is the manufacturing industry with an average annual wage of $44,216. Locally, since the year 2001, the annual average pay of the industry has grown by 11.3 percent or $4,472. The State of Tennessee has a similar economic condition in the manufacturing industry, falling near the top of industries in term of the average annual pay of 2004.

Retail Trade has had the highest level of job growth from 2001-2005 in Nashville, with an employment growth of 7 percent. This is greater than the United States change in the sector jobs of 0.5 percent. The State of Tennessee faced a industry job change of 1.7 percent, from 2001 to 2005.

In Nashville, Educational services, Transportation and Warehousing and Wholesale trade industries have the highest United States location quotient (LQ). The Educational services sector in the county has a location quotient of 1.76. In other words, the percent of total jobs in the Educational services industry is 1.76 times greater than the US average, showing signs that Nashville produces more than its local requirement of products and/or services of Educational services.

In Nashville, Retail Trade, Manufacturing, and the Health care and social assistance industries have the largest percent of jobs of all industries. The Retail Trade provides the most jobs and contributes 13.5 percent of total employment in the Metro Area, making up 84,173 employees. The Manufacturing and Health care and social assistance industries make up 13.4 and 12.4 percent of total employment, respectively.

Educational services has a largest number of employees per establishment in Nashville MSA, with the industry averaging 67 jobs per establishment, which is greater than the industry's national average of 27 and greater than the State of Tennessee average establishment size of 40 for the Educational services industry.

Manufacturing since the year 2001 lost the most jobs in the Nashville Metro Area. The industry lost a total of 4,650 jobs during the period, or 5.2 percent of industry's employment. The industry declines made up 100 percent of all employment losses in the Metro Area.

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