Monday, October 30, 2006

Employment Report for Collin County, Texas -- Annual 2005 Industry Summary

In Collin County, Retail Trade, Accommodation and food services, and the Finance and insurance sectors, in terms of total employment, are the largest. Retail Trade produces the largest number of jobs in the area accounting for 17.6 percent of all the jobs in the county. This makes up 37,569 employees. The Accommodation and food services and Finance and insurance industries make up 10.9 and 9.9 percent of industry employment.

Manufacturing since the year 2001 lost the most jobs in Collin County. The industry was hit with a loss of 744 jobs, or 3.5 percent of the employment in the industry. This made up a total of 60.3 percent of the total loss in employment during the period.

In Collin County, Information, Real estate and rental and leasing and Finance and insurance have the highest US LQ in 2005. The Information industry has an LQ of 3.08. The level of employment in the Information sector is 3.08 times more than the average percent in the United States, revealing signs that Collin may be an exporter of products or services of Information.

Finance and insurance is the industry that has seen the largest increase in jobs from the year 2001 to the present in Collin County, changing a total of 118.7 percent. This is greater than the change of total jobs in the industry for the United States of 4.8 percent. The State of Texas faced a industry job change of 9.5 percent, during the time since 2001.

Information is the industry with the largest establishments in Collin County. In the County, the industry averages 50 jobs per establishment, which is greater than the US industry average of 22 and greater than the State of Texas average establishment size of 24 for the Information industry.







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

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