Waco One-Year Industry Employment Change

In the Waco, TX metro area, the entire sum of jobs in all of the industries has increased by 639 total jobs from 2005 to 2006.

Of the 142 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 60 reported job growth in the duration of the year and 82 industry sectors reported declines during the time period.

Total One-Year Employment Growth in the Waco Metro Area

Out of the 4-digit NAICS industries, the Employment services industry has brought the most jobs with a total of 250 jobs added during the time period. These new jobs in the Employment services industry makes up 8.2 percent of the total growth in Waco.

Top 5 Industries
1. Employment services (250 new jobs)
2. Services to buildings and dwellings (249 new jobs)
3. Machinery and supply merchant wholesalers (151 new jobs)
4. Building material and supplies dealers (144 new jobs)
5. Building equipment contractors (143 new jobs)

Total One-Year Employment Decline in the Waco Metro Area

The Business support services industry faced the greatest employment loss with a total loss of 264 jobs. The declines in the Business support services industry make up 13.1 percent of the total job loss in Waco, TX.

Top 5 Industries
1. Business support services (264 jobs lost)
2. Building foundation and exterior contractors (212 jobs lost)
3. Full-service restaurants (156 jobs lost)
4. Department stores (102 jobs lost)
5. Lawn and garden equipment and supplies stores (98 jobs lost)

Employment for all industries has increased by 0.8 percent from 2005 (2nd Quarter). These figures are less than percent in Texas, experiencing a gain of 4 percent from 2005 (2nd Quarter). The gains the area experienced were less than than the gain seen for the United States of 2 percent.

The Waco Metro Area: One-Year Percentage Growth in Employment

The Remediation and other waste services industry has seen the largest percentage job growth, expanding by 125.9 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Waco has increased employment faster than the industry has grown in the State of Texas, where the industry felt a gain of 13.2 percent. The Remediation and other waste services industry in Waco outpaced the nation in terms of industry employment growth . During this period, the nation gained 4.1 percent of the industry employment.

Top 5 Industries
1. Remediation and other waste services (125.9 percent gain)
2. Performing arts companies (71.2 percent gain)
3. Unclassified (63.1 percent gain)
4. Electronic markets and agents and brokers (45.0 percent gain)
5. Wireless telecommunications carriers (29.9 percent gain)

The Waco Metro Area: One-Year Percentage Decline in Employment

The Support activities for road transportation industry has lost the largest percent of jobs, losing 61.9 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Texas, where the industry reported a gain of 5.7 percent. The losses in the Support activities for road transportation industry in Waco outpaced the US in terms of percent of decline of industry employment. The US gained 1.2 percent in terms of employment in the Support activities for road transportation industry.

Top 5 Industries
1. Support activities for road transportation (61.9 percent decline)
2. Lawn and garden equipment and supplies stores (38.2 percent decline)
3. Household goods repair and maintenance (36.8 percent decline)
4. Farm product raw material merch. whls. (25.7 percent decline)
5. Freight transportation arrangement (25 percent decline)





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 Waco, TX

The median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $36,135, which amounts to a 8 percent decline. The Waco, TX MSA, when comparing total percent of decline, ranks 17 of 22 metro area in percent of decline for household income in Texas. Waco ranks 119 of 233 metro area in terms of the decline in median household income in the United States.

In Waco, TX White headed households reported household income (in 2005 Dollars) of $43,552 according to the 2000 Dencennial Census, which was 10.9 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 37.3 percent less than the all population median published in the 2000 Census, with a median of $24,618. The Asian householders in the area have reported their median household incomes at $28,599. This median income level is 27.2 percent less than the reported median household income for all households in the area. Hispanic Householders in Waco, TX , according to the 2000 census, had a median household income of $33,850, this median household income is 13.8 percent less than the areas median income level for all households. The American Indian and Alaska Native households in Waco reported a median household income of $35,800, this level was 8.8 percent less than the median for all households.

The poverty rate in the Waco, TX Metro has increased by 1.2 percent from the levels reported in the Decennial Census of 2000, moving from 17.6 percent to 18.8 percent.

Compared to other MSAs throughout the nation, the Waco metro area reported a relatively low median income for all households of $39,265 (Adjusted to 2005 Dollars). This figure is 19 percent lower than the median in State of Texas of $46,715 and the median is 25.1 percent lower than the median household income in the United States of $49,133.

While household income level experienced a decline from 2000 to 2005 in the Waco, TX metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic Race/Ethnicity category. This category went through a decline of 35.1 percent since the year 2000. The Asian population category was least influenced by the median household income decline in Waco, encountering a 10.5 percent decline in median income, since the values reporting the 2000 Decennial Census.

Contrasted against to other Metropolitan Areas throughout the US, the Waco metro area can be understood to have a relatively high rate of poverty among the people, accounting a rate of 17.6 percent of people living in a family with an income below the poverty level in 1999. The Asian race/ethnicity population cohort, has the uppermost poverty rate with 32.3 percent of the 2000 population living in poverty. People that are of the age Under 5 years are witness to the most percent living in poverty in Waco, having 25.8 percent of this demographic group living with incomes under poverty.

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