Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



The average total wages in all industries in Odessa, TX can be understood as being medium-high when compared to other Metro Areas throughout the US in the 2nd quarter of 2006. The industry wages are 13.8 percent lower than the with an state average 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

Odessa Five-Year Industry Employment Change

Total Five-Year Employment Decline in the Odessa Metro Area

From of the area's 4-digit NAICS industries, the Business support services industry experienced most substantial job loss, losing 137 jobs in that time period. The declines in the Business support services industry make up 9.5 percent of the jobs lost during the period in Odessa, TX.

Top 5 Industries
1. Business support services (137 jobs lost)
2. Drinking places, alcoholic beverages (114 jobs lost)
3. Specialized freight trucking (113 jobs lost)
4. General rental centers (107 jobs lost)
5. Community care facilities for the elderly (90 jobs lost)

Of the 99 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 34 described an expansion of jobs throughout the time period, while 65 industry sectors accounting for employment declines during that time period.

In the Odessa, TX metro area, the total number of jobs throughout all industries has increased by 5,958 jobs between mid-2001 and mid-2006.

Total Five-Year Employment Growth in the Odessa Metro Area

Out of the 4-digit NAICS industries, the Support activities for mining industry has added the most employment with 1,199 employees finding new jobs in the industry. The employment growth in the Support activities for mining industry makes up 16.2 percent of the total number of new jobs in Odessa.

Top 5 Industries
1. Support activities for mining (1,199 new jobs)
2. Machinery and supply merchant wholesalers (796 new jobs)
3. Home health care services (571 new jobs)
4. Utility system construction (525 new jobs)
5. Full-service restaurants (471 new jobs)

Employment for all industries has increased by 14.5 percent from the reported values in 2001. These values are greater than percent in the State of Texas, experiencing a gain of 4.8 percent since the 2nd Quarter of 2001. The gains were greater than than the gain felt at the national level of 2.6 percent.

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

The General rental centers industry has lost the largest percent of jobs, losing 66.5 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of Texas, where the it saw a loss of 18.8 percent. The losses in the General rental centers industry in Odessa outpaced the United States industry losses overall. During this period, the United States lost 14.8 percent in terms of employees in the General rental centers industry.

Top 5 Industries
1. General rental centers (66.5 percent decline)
2. Other schools and instruction (57.1 percent decline)
3. Private households (50.9 percent decline)
4. Insurance carriers (46.5 percent decline)
5. Community care facilities for the elderly (42 percent decline)

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

The Management and technical consulting services industry has experienced the largest percentage growth, expanding by 553.3 percent from 2001 to 2006. This industry in Odessa has expanded faster than the industry has grown in the State of Texas, where the industry felt a gain of 31.6 percent. The Management and technical consulting services industry in Odessa outpaced the United States, which experienced a gained 22.1 percent in this industry.

Top 5 Industries
1. Management and technical consulting services (553.3 percent gain)
2. Unclassified (417.4 percent gain)
3. Activities related to credit intermediation (249.2 percent gain)
4. Nonscheduled air transportation (86.7 percent gain)
5. Office administrative services (79.5 percent gain)

 

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