Friday, February 23, 2007

Rutherford County Five-Year Industry Employment Change

Total Five-Year Employment Decline in Rutherford County

The Book, periodical, and music stores industry faced the greatest employment loss with a total loss of 373 jobs in that time period. The declines in the Book, periodical, and music stores industry make up 24.0 percent of the employment lost during the period in Rutherford County, Tennessee.

Top 5 Industries
1. Book, periodical, and music stores (373 jobs lost)
2. Electronic equipment repair and maintenance (173 jobs lost)
3. Misc. nondurable goods merchant wholesalers (123 jobs lost)
4. Outpatient care centers (106 jobs lost)
5. Other miscellaneous manufacturing (97 jobs lost)

In Rutherford County, Tennessee, the total number of jobs throughout all industries has increased by 18,636 jobs from mid-2001 to mid-2006.

Given the 107 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 31 described an expansion of jobs throughout the time period, while 76 industries reported a drop in employment.

Total Five-Year Employment Growth in Rutherford County

Of the industries (4-digit NAICS) in the area, the Employment services industry has accounted the most employment growth with a total of 1,906 employees finding new jobs in the industry. The employment growth in the Employment services industry makes up 13.2 percent of the total employment growth in Rutherford County.

Top 5 Industries
1. Employment services (1,906 new jobs)
2. Full-service restaurants (1,074 new jobs)
3. General freight trucking (1,017 new jobs)
4. Motor vehicle parts manufacturing (895 new jobs)
5. Limited-service eating places (828 new jobs)

Rutherford County Five-Year Percentage Growth in Employment

The Machine shops and threaded product mfg. industry has experienced the largest percentage growth, expanding by 1001.2 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Rutherford County has grow faster than the industry has grown in the State of Tennessee, where it saw a gain of 6.4 percent. The Machine shops and threaded product mfg. industry in Rutherford County outpaced the national average, which felt a gained 0.4 percent.

Top 5 Industries
1. Machine shops and threaded product mfg. (1001.2 percent gain)
2. Technical and trade schools (256.0 percent gain)
3. Clothing stores (169.0 percent gain)
4. Direct selling establishments (150.8 percent gain)
5. Misc. durable goods merchant wholesalers (138.0 percent gain)

Total industry employment has increased by 27.9 percent since the 2nd Quarter of 2001. This is greater than growth in Tennessee, which went through a gain of 3.3 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

Rutherford County Five-Year Percentage Decline in Employment

The Securities and commodity contracts brokerage industry has seen the largest percentage drop in employment, losing 83.1 percent of the jobs from 2001 to 2006. These have declined faster than the industry has seen in the Tennessee, where the industry felt a loss of 10.3 percent. The losses in the Securities and commodity contracts brokerage industry in Rutherford County outpaced the United States industry losses overall. During this period, the United States lost 13.1 in percent of jobs in the Securities and commodity contracts brokerage industry.

Top 5 Industries
1. Securities and commodity contracts brokerage (83.1 percent decline)
2. Medical equipment and supplies manufacturing (72.4 percent decline)
3. Electronic equipment repair and maintenance (68.6 percent decline)
4. Death care services (49 percent decline)
5. Outpatient care centers (47.1 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.

 

About - © 2007 Ecanned.com  - Contact