Austin-Round Rock, TX

Austin-Round Rock Metro Area industry wages have increased by 5.3% percent since 2001

2007-03-19T00:29:00.000-07:00

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Since 2001, industry wages increased in the Austin-Round Rock Metro Area by a total of 5.3%. This is less than the growth in industry wages for the State of Texas and less than the growth in average wages for the US.

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.

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

2007-02-27T21:31:00.000-08:00

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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.

Austin-Round Rock Five-Year Industry Employment Change

2007-02-11T13:00:00.000-08:00

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.

Austin-Round Rock One-Year Industry Employment Change

2007-01-24T08:18:00.000-08:00

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

The Other hospitals industry has seen the largest percentage drop in employment, losing 33.7 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has gone through in the Texas, where the it saw a gain of 4.5 percent. The losses in the Other hospitals industry in Austin-Round Rock outpaced the US in terms of percent of decline of industry employment. The US gained 4.5 percent in terms of employees in the Other hospitals industry.

Top 5 Industries
1. Other hospitals (33.7 percent decline)
2. Sugar and confectionery product manufacturing (26.6 percent decline)
3. Independent artists, writers, and performers (23 percent decline)
4. Forging and stamping (20.8 percent decline)
5. Office administrative services (17 percent decline)

The total number of jobs has increased by 4.1 percent from 2005 (2nd Quarter). These figures are greater than percent in the State of Texas, which experienced a gain of 4 percent from the 2nd Quarter of 2005. The gains the area experienced were greater than than the gain seen for the United States of 2 percent.

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

The Warehousing and storage industry has witnessed the largest percentage of employment expansion, increasing by 161.2 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Austin-Round Rock has expanded faster than the growth seen in the industry for Texas, where it saw a gain of 8 percent. The Warehousing and storage industry in Austin-Round Rock outpaced the nation in terms of industry employment growth . During this period, the nation gained 7.8 percent in this industry.

Top 5 Industries
1. Warehousing and storage (161.2 percent gain)
2. Rubber product manufacturing (59.2 percent gain)
3. Other support activities for transportation (52.2 percent gain)
4. Petroleum and coal products manufacturing (37.7 percent gain)
5. Plywood and engineered wood product mfg. (31.6 percent gain)

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

Given the industries in the area, the Commercial equip. merchant wholesalers industry faced the greatest employment loss with a total loss of 840 jobs during the period. The employment lost in the Commercial equip. merchant wholesalers industry make up 27.4 percent of the total employment decline in Austin-Round Rock, TX.

Top 5 Industries
1. Commercial equip. merchant wholesalers (840 jobs lost)
2. Office administrative services (532 jobs lost)
3. Other hospitals (392 jobs lost)
4. Wired telecommunications carriers (287 jobs lost)
5. Clothing stores (244 jobs lost)

Given the 114 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 33 accounted an for increase in employment during the period and 81 industries reported employment loss in the period.

In the Austin-Round Rock, TX metro area, the total number of jobs throughout all industries has increased by 21,890 total jobs from 2005 to 2006.

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

The Limited-service eating places industry has accounted the most employment growth with a total of 1,349 new jobs created in the period. The job growth in the Limited-service eating places industry makes up 10.5 percent of the total number of new jobs in Austin-Round Rock.

Top 5 Industries
1. Limited-service eating places (1,349 new jobs)
2. Building equipment contractors (1,322 new jobs)
3. Management and technical consulting services (882 new jobs)
4. General medical and surgical hospitals (763 new jobs)
5. Warehousing and storage (746 new jobs)

About: This report is part 1 of 6 in 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.

Income and Poverty in Austin-Round Rock, TX

2007-01-11T13:55:00.000-08:00

As the median household income witnessed a decline in the last five year in the Austin-Round Rock, TX metro area, the Race/Ethnicity category that saw the sharpest decline in the household income level was the Hispanic Race/Ethnicity category. This category went through a decline of 39.7 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Austin-Round Rock, seeing a 117.4 percent increase in household income, since the reported levels in 2000.

The median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $50,484, which amounts to a 11.9 percent decline. The Austin-Round Rock, TX MSA, in terms of percent of decline, ranks 7 of 22 metro area in percent of decline for median household income in the State of &statename. Austin-Round Rock ranks 60 of 233 metro area when comparing total percent of decline in median household income in the United States.

It was reported in 2000 that the Asian headed households had median household incomes of $59,091. This income level is 3.2 percent greater than the all households reported median in the area. Hispanic headed households in Austin-Round Rock, TX , as reported in 2000, had a median household income of $44,877, this median is 21.6 percent less than the median reported for all households in the area. In Austin-Round Rock, TX White headed households reported a median household income (2005 Dollars) of $61,058 according to the Decennial Census of 2000, which was 6.6 percent greater than the median in 2000. The American Indian and Alaska Native households in Austin-Round Rock reported a median household income of $52,258, this was 8.8 percent less than the areas median level for all households. Black or African American householders reported household income levels that were 27.6 percent less than the total 2000 reported median, with a their median reported to be $41,478.

The poverty rate in the Austin-Round Rock, TX Metro has increased by 2.1 percent from the rates reported in the Decennial Census, moving from 11.1 percent to 13.2 percent.

When put side-by-side with other Metros throughout the United States, the Austin-Round Rock metro area can be considered to have a medium-low poverty rate amid the residents with a poverty rate of 11.1 percent of people living in a family with an income below the poverty level in 1999. The Hispanic race/ethnicity demographic group, represents the largest rate of poverty with 18.1 percent of the people in 2000 living in poverty. The population that is aged 5 years have the largest percent of population in poverty in Austin-Round Rock, accounting 13.7 percent of this age group in the area living in poverty.

Compared to other MSAs throughout the nation, the Austin-Round Rock metro area reported a relatively high median income for households of $57,272 (2005 Dollars). The income level is 18.4 percent higher than the median income in State of &statename of $46,715 and the median household income is 14.2 percent higher than the median in the US, which is $49,133.

Higher Education in the Austin-Round Rock, TX Metro Area

2006-12-19T17:52:00.000-08:00

From 2000 to 2005, the percent of the male population that can be considered highly educated has increased by 1.4 percent. As reported in 2005, 40.4 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has increased by a total of 2.8 percent. By the year 2005, a total of 37.6 percent of the female population had achieved this level of education.

Austin-Round Rock, TX Metro Area can be considered to have a very highly-educated 2005 population, with 39 percent of the population (+25) having received a BA or higher, as reported in American Community Survey of 2005. The Austin-Round Rock MSA was reported to have a higher percent of the population with at least a Bachelors than the State of Texas's proportion of 25.2 percent and a higher percent than the national average of 27.2 percent.

Since 2000, the Austin-Round Rock metro area has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 2.4 percent to a total of 39 percent in 2005, as reported by the American Community Survey. The proportion of the 2005 population having received at least a BA is greater than the 2005 State of Texas percent of 25.2 and greater than the national percent of 27.2.

In 2005, the American Community Survey reported that in the Austin-Round Rock, TX Metro Area, many men in the area have reached the Bachelors Degree or Higher category, with 40.4 percent receiving this level of education. The women in the Austin-Round Rock metro area on average have achieved a lower level of higher education (Bachelors or Higher) than men; 40.4 percent (Men) versus 37.6 percent (Women). Many of the women in the area achieving a Bachelors Degree or Higher category, with 37.6 percent of women in the area reaching this education level.

In the Austin-Round Rock, TX Metro Area according to the American Community Survey of 2005, 42.6 percent of the White Alone, 23.8 percent of Black or African American, 65.2 percent of the Asian alone and 17.8 percent of the Hispanic or Latino population, over the age 25, has achieved at least a Bachelors Degree.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Austin-Round Rock, TX

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Since 2000, a very high number of individuals migrated into the Austin-Round Rock metro area, with 47,204 people migrating in from outside the country. The immigration into Austin-Round Rock totals 7.1 percent of immigration into the State of Texas. This percent of immigration can be considered very high when compared to international migration per 2005 population.

The Austin-Round Rock metropolitan statistical area (MSA) has a population that is made up of 57.9 percent White, 7.3 percent African American, 4.2 percent Asian, and 29 percent Hispanic. This area can be considered to have a very high level of diversity, with 40.5 percent of the population made up of minorities. This is less than the State of Texas percent of 49.5. Since 2000, Austin-Round Rock has increased in diversity when 37.8 percent of the population were minorities.

The U.S. Census Bureau, in the year 2005, estimated the median age in the Austin-Round Rock metro area to be 32.5 years of age. The median age in Austin-Round Rock is less than the median age in the State of Texas of 33.2. Since the year 2000, the area has seen an increase in the median, when the median age was 30.9 years of age. With 2.5 percent of the population in the year 2005 being made up of individuals less than 18 years old, Austin-Round Rock can be described as having a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-low representation within the estimated 2005 area population, making up 61.6 percent of the population within the age group. People 65 and older make up 13.4 percent of the population in the area. When compared to other metro areas throughout the United States, this represents a medium-low percent of the population base.

The Austin-Round Rock metro area had a population that was estimated at 1,452,529 in 2005. The estimated population has increased sharply, since its 2000 population of 1,264,508. This growth denotes an increase of 14.9 percent. Austin-Round Rock ranks 3 of 25 MSAs in terms of population growth in Texas and the metro area ranks 15 of 361 metro areas by growth in MSA population in the United States.

By measuring total land area, the Austin-Round Rock metro area spans a total of 4224 square miles. The MSA has a medium-high average population density of 344 persons per square mile. Similar metro areas in the US, in terms of density, include: -- more densely populated -- Muskegon-Norton Shores (345 per sq. mile ), Lebanon (347 per sq. mile ), Youngstown-Warren-Boardman (348 per sq. mile ), -- less densely populated -- Modesto (338 per sq. mile ), Port St Lucie-Fort Pierce (338 per sq. mile ), Greensboro-High Point (337 per sq. mile ).

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Austin-Round Rock

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When comparing areas across the State of Texas, Austin-Round Rock ranks 2 of the 25 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 25 of 361, comparing the percentage change in residential real estate in other US MSAs.

The residential home values in Austin-Round Rock, Texas have seen large increases from the housing values in 2000. The residential values have increased by $32,900, or 25.7 percent, from 2000 when they had reported median values of $128,100.

Austin-Round Rock recorded median owner-occupied home value in the year 2005 of $161,000, accounted by the American Community Survey. This value is greater than the State of Texas 2005 median owner-occupied dwelling value of $106,000 and less than median home value of $167,500 for the United States in the same year.

Austin-Round Rock may be described as having a relatively high proportion of residential real estate that is high priced. During the year 2005, the American Community Survey counted that 5.1 percent of the houses were valued over a half a million dollars.

In Austin-Round Rock, the real estate market was made up of 590,900 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding a total of 66,277 residential structures since 2001, a change of 12.6 percent.

According to the data, there is a fair amount of housing that is affordable in Austin-Round Rock, Texas. In 2005, 29.8 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

Employment Report for Austin, Texas -- Annual 2005 Industry Summary

2006-11-04T21:45:00.000-08:00

A well-paying sector in Austin is the wholesale trade industry with an average annual wage of $75,914. Locally, since the year 2001, the annual average wages in the industry have declined by 17.1 percent or $15,636. The State of Texas has a different economic condition in the wholesale trade industry, falling in the middle of industries in term of the average annual pay of 2004.

In Austin, Information, Wholesale trade and Accommodation and food services industries, in terms of United States location quotient, are the most dominant in the region. The Information sector has a United State LQ of 1.44. The percent of employment in the Information industry is 1.44 times greater than the US average, showing signs that Austin produces more than its local requirement of products and/or services of Information.

Manufacturing has the largest employers in Austin MSA, with the industry averaging 43 employees per business. This is greater than the industry's average at the national level of 39 and greater than the State of Texas average of 38 for the Manufacturing industry.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in the Austin Metro Area. The sector dealt with a loss of 19,133 jobs during the period, or 25.1 percent of industry's employment. The industry declines made up 78.7 percent of all Metro Area employment losses since 2001.

Utilities has had the highest level of job growth from 2001-2005 in Austin, with an employment growth of 18.5 percent. This is greater than the United States change in the sector jobs of -8.2 percent. The State of Texas faced a industry job change of -9.6 percent, from 2001 to 2005.

In Austin, Retail Trade, Accommodation and food services, and the Health care and social assistance industries have the largest percent of jobs of all industries. The Retail Trade provides the most jobs and contributes 13.7 percent of all the jobs in the Metropolitain Area. This makes up 74,471 employees. The Accommodation and food services and Health care and social assistance industries make up 11.5 and 10.8 percent of total employment, respectively.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).