Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



Total wages in all industries in Victoria, TX can be described as medium-high when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 12 percent lower than the with an state average of $41,186. The industry pay was less than the overall average in the United States 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

Victoria Five-Year Industry Employment Change

Total Five-Year Employment Growth in the Victoria Metro Area

Of the industries (4-digit NAICS) in the area, the Department stores industry has accounted the most employment growth with a total of 136 employees finding new jobs in the industry. The employment growth in the Department stores industry makes up 27.2 percent of the growth in Victoria.

Top 5 Industries
1. Department stores (136 new jobs)
2. Nondepository credit intermediation (98 new jobs)
3. Machinery and equipment rental and leasing (61 new jobs)
4. Lawn and garden equipment and supplies stores (43 new jobs)
5. Gasoline stations (41 new jobs)

Total Five-Year Employment Decline in the Victoria Metro Area

Given the industries in the area, the Limited-service eating places industry experienced most substantial job loss, losing 133 jobs. The declines in the Limited-service eating places industry make up 29.2 percent of the employment lost during the period in Victoria, TX.

Top 5 Industries
1. Limited-service eating places (133 jobs lost)
2. Private households (122 jobs lost)
3. Advertising and related services (82 jobs lost)
4. Telecommunications resellers (82 jobs lost)
5. Machinery and supply merchant wholesalers (25 jobs lost)

From the 21 industries with industry data reported by the BLS in each quarter, 8 showed an escalation in the number employed, while 13 industry sectors reported declines during the time period.

In the Victoria, TX metro area, the aggregate employment for all industry sectors has decreased by 205 jobs between mid-2001 and mid-2006.

Employment for all industries has decreased by 0.5 percent from the reported values in 2001. These values are greater than growth in Texas, which experienced a gain of 4.8 percent since the 2nd Quarter of 2001. The losses were greater than than the gain experienced overall in the US of 2.6 percent.

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

The Activities related to credit intermediation industry has experienced the largest percentage growth, expanding by 111.1 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Victoria has increased employment faster than the overall industry growth seen in the State of Texas, where this industry saw a gain of 65 percent. The Activities related to credit intermediation industry in Victoria outpaced the US in terms of percent growth of industry employment. During this period, the US gained 49.5 percent of the industry employment.

Top 5 Industries
1. Activities related to credit intermediation (111.1 percent gain)
2. Nondepository credit intermediation (94.8 percent gain)
3. Lawn and garden equipment and supplies stores (56.1 percent gain)
4. Other ambulatory health care services (55.7 percent gain)
5. Machinery and equipment rental and leasing (40.3 percent gain)

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

The Advertising and related services industry has seen the largest percentage drop in employment, losing 73.4 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of Texas, where the industry felt a loss of 2.6 percent. The losses in the Advertising and related services industry in Victoria outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 6.4 in percent of jobs in the Advertising and related services industry.

Top 5 Industries
1. Advertising and related services (73.4 percent decline)
2. Telecommunications resellers (66 percent decline)
3. Private households (31.4 percent decline)
4. Support activities for water transportation (14.1 percent decline)
5. Motor vehicle and parts merchant wholesalers (9.8 percent decline)

 

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