Tuesday, February 27, 2007

Lubbock Metro Area Industry Wages Lag Behind Texas, and Wages Lag Behind the United States Industry Wages


(Click Image to Enlarge Graph)



The overall industry wages in Lubbock, TX when analyzed can be described as relatively low when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 29.1 percent lower than the reported averages in the state of $41,186. The average pay was less 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

Lubbock Five-Year Industry Employment Change

Of the 92 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 45 accounted an for increase in employment during the period and 46 industries reported employment loss in the period.

In the Lubbock, TX metro area, the entire sum of jobs in all of the industries has increased by 1,347 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in the Lubbock Metro Area

Given the industries in the area, the Business support services industry faced the greatest employment loss with a total loss of 677 jobs in that time period. The declines in the Business support services industry make up 19.2 percent of the total job loss in Lubbock, TX.

Top 5 Industries
1. Business support services (677 jobs lost)
2. Architectural and engineering services (273 jobs lost)
3. Electronic markets and agents and brokers (269 jobs lost)
4. Machinery and supply merchant wholesalers (226 jobs lost)
5. Specialty food stores (178 jobs lost)

Total Five-Year Employment Growth in the Lubbock Metro Area

From the industries (4-digit NAICS) in the area, the Office administrative services industry has accounted the most employment growth with a total of 393 new jobs created in the period. The job growth in the Office administrative services industry makes up 13.4 percent of the growth in Lubbock.

Top 5 Industries
1. Office administrative services (393 new jobs)
2. Couriers (197 new jobs)
3. Clothing stores (194 new jobs)
4. Highway, street, and bridge construction (187 new jobs)
5. Residential building construction (165 new jobs)

The Lubbock Metro Area: Five-Year Percentage Decline in Employment

The Coating, engraving, and heat treating metals industry has seen the largest percentage drop in employment, losing 59.4 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has felt in the State of Texas, where the industry reported a gain of 3.7 percent. The losses in the Coating, engraving, and heat treating metals industry in Lubbock outpaced the US in terms of percent of decline of industry employment. The US lost 11.5 percent in terms of employment in the Coating, engraving, and heat treating metals industry.

Top 5 Industries
1. Coating, engraving, and heat treating metals (59.4 percent decline)
2. Medical equipment and supplies manufacturing (56.6 percent decline)
3. Specialty food stores (56 percent decline)
4. Business, computer and management training (55.9 percent decline)
5. Electronic equipment repair and maintenance (54.1 percent decline)

The Lubbock Metro Area: Five-Year Percentage Growth in Employment

The Office administrative services industry has experienced the largest percentage growth, expanding by 453.8 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Lubbock has grow faster than the overall industry growth seen in the State of Texas, where the industry felt a gain of 63.6 percent. The Office administrative services industry in Lubbock outpaced the nation in terms of industry employment growth . During this period, the nation gained 37.6 percent.

Top 5 Industries
1. Office administrative services (453.8 percent gain)
2. Grantmaking and giving services (201.8 percent gain)
3. Couriers (112.8 percent gain)
4. Software publishers (112.0 percent gain)
5. Household and institutional furniture mfg. (98.4 percent gain)

The total number of jobs has increased by 1.4 percent since the 2nd Quarter figures of 2001. This change is less than percent in Texas, which experienced a gain of 4.8 percent from the 2nd Quarter of 2001. The gains in the area were less than than the gain experienced overall in the US of 2.6 percent.

 

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