Obion County One-Year Percentage Decline in EmploymentThe
Nondepository credit intermediation industry has lost the biggest percent of jobs, losing 53.4 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Tennessee, where the industry felt a loss of 2.6 percent. The losses in the
Nondepository credit intermediation industry in Obion County outpaced the US in terms of percent of decline of industry employment. The US gained 2 in percent of jobs in the
Nondepository credit intermediation industry.
Top 5 Industries 1. Nondepository credit intermediation (53.4 percent decline)
2. Machine shops and threaded product mfg. (33.5 percent decline)
3. Legal services (18.3 percent decline)
4. Consumer goods rental (17.4 percent decline)
5. Building equipment contractors (16.3 percent decline)
Obion County One-Year Percentage Growth in EmploymentThe
Management and technical consulting services industry has seen the largest percentage job growth, expanding by 145.5 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Obion County has added employment faster than the industry has grown in the State of Tennessee, where it saw a gain of 0.4 percent. The
Management and technical consulting services industry in Obion County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 9.5 percent of the employment in this industry.
Top 5 Industries 1. Management and technical consulting services (145.5 percent gain)
2. Traveler accommodation (27.2 percent gain)
3. Machinery and supply merchant wholesalers (20.5 percent gain)
4. Automotive repair and maintenance (16.8 percent gain)
5. Drycleaning and laundry services (16.7 percent gain)
Total industry employment has decreased by 0.9 percent since the 2nd Quarter of 2005. This is greater than percent in Tennessee, which saw a gain of 1.9 percent from 2005 (2nd Quarter). The losses the area experienced were greater than than the gain felt at the national level of 2.0 percent.
Total One-Year Employment Growth in Obion CountyOf the industries (4-digit NAICS) in the area, the
Traveler accommodation industry has added the most employment with 19 new jobs created in the period. The job growth in the
Traveler accommodation industry makes up 21.0 percent of the total employment growth in Obion County.
Top 5 Industries 1. Traveler accommodation (19 new jobs)
2. Metalworking machinery manufacturing (11 new jobs)
3. Other miscellaneous store retailers (10 new jobs)
4. Automotive repair and maintenance (9 new jobs)
5. Machinery and supply merchant wholesalers (8 new jobs)
Out of the 46 4-digit NAICS industries, 25 reported job growth in the duration of the year and 18 industries reported a drop in employment.
Total One-Year Employment Decline in Obion CountyOf the area's industries (4-digit NAICS), the
Building equipment contractors industry witnessed the largest drop in employment, losing a total of 71 jobs during the time period. The jobs lost in the
Building equipment contractors industry make up 21.8 percent of the jobs lost during the period in Obion County, Tennessee.
Top 5 Industries 1. Building equipment contractors (71 jobs lost)
2. Employment services (44 jobs lost)
3. Full-service restaurants (39 jobs lost)
4. Nondepository credit intermediation (29 jobs lost)
5. Machine shops and threaded product mfg. (24 jobs lost)
In Obion County, Tennessee, the aggregate employment for all industry sectors has decreased by 105 jobs between mid-2005 and mid-2006.
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.