Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



Wages in all industries in Waco, TX can be understood as being medium-low when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 23.9 percent lower than the state, which was reported to be $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

Waco Five-Year Industry Employment Change

Total Five-Year Employment Decline in the Waco Metro Area

Of the area's industries (4-digit NAICS), the Business support services industry experienced most substantial job loss, losing 1,118 jobs during the time period. The jobs lost in the Business support services industry make up 19.5 percent of the employment lost during the period in Waco, TX.

Top 5 Industries
1. Business support services (1,118 jobs lost)
2. Nonresidential building construction (301 jobs lost)
3. Management of companies and enterprises (270 jobs lost)
4. Department stores (248 jobs lost)
5. Civic and social organizations (231 jobs lost)

In the Waco, TX metro area, the total number of workers for all sectors has increased by 3,182 jobs from mid-2001 to mid-2006.

Of the 128 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 65 described an expansion of jobs throughout the time period, while 63 industries reported a drop in employment.

Total Five-Year Employment Growth in the Waco Metro Area

The Full-service restaurants industry has grown the most with 598 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 10.3 percent of the total number of new jobs in Waco.

Top 5 Industries
1. Full-service restaurants (598 new jobs)
2. Home health care services (514 new jobs)
3. Other general merchandise stores (298 new jobs)
4. Office administrative services (272 new jobs)
5. Services to buildings and dwellings (246 new jobs)

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

The Other ambulatory health care services industry has lost the biggest percent of jobs, losing 63.8 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has gone through in the Texas, where the it saw a gain of 28.7 percent. The losses in the Other ambulatory health care services industry in Waco outpaced the United States industry losses overall. During this period, the United States gained 21.3 percent in terms of employment in the Other ambulatory health care services industry.

Top 5 Industries
1. Other ambulatory health care services (63.8 percent decline)
2. Amusement parks and arcades (61 percent decline)
3. Support activities for road transportation (60.7 percent decline)
4. Metalworking machinery manufacturing (59.2 percent decline)
5. Other personal services (58.8 percent decline)

Employment for all industries has increased by 4 percent from the reported values in 2001. These values are less than growth in Texas, experiencing a gain of 4.8 percent since the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain experienced overall in the US of 2.6 percent.

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

The Unclassified industry has experienced the largest percentage growth, expanding by 1094.6 percent from 2001 to 2006. This industry in Waco has increased employment faster than the overall industry growth seen in the State of Texas, where this industry saw a gain of 222.1 percent. The Unclassified industry in Waco outpaced the United States, which experienced a gained 1.7 percent in this industry.

Top 5 Industries
1. Unclassified (1094.6 percent gain)
2. Office administrative services (360.6 percent gain)
3. Computer systems design and related services (169.6 percent gain)
4. Specialized freight trucking (121.9 percent gain)
5. Electronic markets and agents and brokers (90.3 percent gain)

 

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