Tuesday, February 27, 2007

Austin-Round Rock Metro Area Industry Wages Exceed Texas, and Wages Exceed the United States Industry Wages


(Click Image to Enlarge Graph)



The overall industry wages in Austin-Round Rock, TX can be described as relatively high when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 7.3 percent higher than the state, which was reported to be $41,186. The average industry wage was greater than the US average pay of $40,259.

About: These facts are part of 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.

Sunday, February 11, 2007

Austin-Round Rock Five-Year Industry Employment Change

The Austin-Round Rock Metro Area: Five-Year Percentage Decline in Employment

The Nonresidential building construction industry has lost the largest amount of employment in terms of percentage, losing 35.5 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the Texas, where the industry felt a loss of 12.9 percent. The losses in the Nonresidential building construction industry in Austin-Round Rock outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 1.6 in percent of jobs in the Nonresidential building construction industry.

Top 5 Industries
1. Nonresidential building construction (35.5 percent decline)
2. Scheduled air transportation (27.9 percent decline)
3. Death care services (16.8 percent decline)
4. Gasoline stations (12.6 percent decline)
5. Building equipment contractors (9.4 percent decline)

The total number of jobs has increased by 5.6 percent since the 2nd Quarter of 2001. This is greater than percent in the State of Texas, which went through a gain of 4.8 percent since 2001 ( 2nd Quarter). The gains were greater than than the gain reported at the US level of 2.6 percent.

The Austin-Round Rock Metro Area: Five-Year Percentage Growth in Employment

The Unclassified industry has gone through the largest job growth by percent, increasing by 126.2 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Austin-Round Rock has increased employment slower than the industry has grown in the State of Texas, where this industry saw a gain of 222.1 percent. The Unclassified industry in Austin-Round Rock outpaced the national average, which felt a gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (126.2 percent gain)
2. Activities related to credit intermediation (123.6 percent gain)
3. Highway, street, and bridge construction (109.4 percent gain)
4. Insurance and employee benefit funds (53.5 percent gain)
5. Management and technical consulting services (41.0 percent gain)

In the Austin-Round Rock, TX metro area, the entire sum of jobs in all of the industries has increased by 29,618 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Decline in the Austin-Round Rock Metro Area

Given the industries in the area, the Nonresidential building construction industry has lost the most employment with a total loss of 2,052 jobs during the time period. The jobs lost in the Nonresidential building construction industry make up 41.4 percent of the total job loss in Austin-Round Rock, TX.

Top 5 Industries
1. Nonresidential building construction (2,052 jobs lost)
2. Building equipment contractors (1,242 jobs lost)
3. Gasoline stations (548 jobs lost)
4. Electronic markets and agents and brokers (308 jobs lost)
5. Other specialty trade contractors (280 jobs lost)

Total Five-Year Employment Growth in the Austin-Round Rock Metro Area

Out of the 4-digit NAICS industries, the Employment services industry has grown the most with 4,344 total jobs brought in during the period. The growth in the Employment services industry makes up 19.9 percent of the total employment growth in Austin-Round Rock.

Top 5 Industries
1. Employment services (4,344 new jobs)
2. Limited-service eating places (3,983 new jobs)
3. Highway, street, and bridge construction (2,398 new jobs)
4. Management and technical consulting services (1,831 new jobs)
5. Offices of physicians (1,640 new jobs)

From the 34 4-digit NAICS industries, 10 described an expansion of jobs throughout the time period, while 24 industry sectors reported declines during the time period.

 

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