Friday, February 23, 2007

Tipton County Five-Year Industry Employment Change

Employment for all industries has increased by 7 percent from the reported values in 2001. These values are greater than growth in the State of Tennessee, which went through a gain of 3.3 percent from the 2nd Quarter of 2001. The gains were greater than than the gain seen for the United States of 2.6 percent.

Tipton County Five-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 540.0 percent from 2001 to 2006. This industry in Tipton County has increased employment faster than the overall industry growth seen in the State of Tennessee, where the industry took a loss of 30.2 percent. The Unclassified industry in Tipton County outpaced the national average, which felt a gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (540.0 percent gain)
2. Services to buildings and dwellings (339.8 percent gain)
3. Beer, wine, and liquor stores (333.3 percent gain)
4. Health and personal care stores (259.2 percent gain)
5. Building equipment contractors (149.7 percent gain)

Tipton County Five-Year Percentage Decline in Employment

The Nonresidential building construction industry has lost the biggest percent of jobs, losing 63.4 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Tennessee, where the it saw a loss of 2.1 percent. The losses in the Nonresidential building construction industry in Tipton County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 1.6 percent in terms of employment in the Nonresidential building construction industry.

Top 5 Industries
1. Nonresidential building construction (63.4 percent decline)
2. Machinery and supply merchant wholesalers (62.2 percent decline)
3. Warehousing and storage (50.7 percent decline)
4. Accounting and bookkeeping services (36.5 percent decline)
5. Specialized freight trucking (25 percent decline)

Total Five-Year Employment Decline in Tipton County

From of the area's 4-digit NAICS industries, the Depository credit intermediation industry witnessed the largest drop in employment, losing a total of 36 jobs. The declines in the Depository credit intermediation industry make up 17.8 percent of the total job loss in Tipton County, Tennessee.

Top 5 Industries
1. Depository credit intermediation (36 jobs lost)
2. Machinery and supply merchant wholesalers (26 jobs lost)
3. Other specialty trade contractors (21 jobs lost)
4. Grocery stores (19 jobs lost)
5. Nonresidential building construction (17 jobs lost)

Out of the 44 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 16 accounted an for increase in employment during the period and 27 industries reported a drop in employment.

In Tipton County, Tennessee, the aggregate employment for all industry sectors has increased by 596 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Growth in Tipton County

The Limited-service eating places industry has brought the most jobs with a total of 245 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 23.9 percent of the growth in Tipton County.

Top 5 Industries
1. Limited-service eating places (245 new jobs)
2. Building equipment contractors (193 new jobs)
3. Services to buildings and dwellings (117 new jobs)
4. Building foundation and exterior contractors (102 new jobs)
5. Health and personal care stores (66 new jobs)





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