Friday, February 23, 2007

Collin County Five-Year Industry Employment Change

Collin County Five-Year Percentage Growth in Employment

The Activities related to credit intermediation industry has witnessed the largest percentage of employment expansion, increasing by 2928.9 percent from 2001 to 2006. This industry in Collin County has grow faster than the industry has grown in the State of Texas, where the industry took a gain of 65 percent. The Activities related to credit intermediation industry in Collin County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 49.5 percent in this industry.

Top 5 Industries
1. Activities related to credit intermediation (2928.9 percent gain)
2. Other electrical equipment and component mfg. (824.1 percent gain)
3. Wireless telecommunications carriers (452.7 percent gain)
4. Motor vehicle and parts merchant wholesalers (426.8 percent gain)
5. Nondepository credit intermediation (418.8 percent gain)

Employment for all industries has increased by 46 percent from 2001 (2nd Quarter). These figures are greater than growth in the State of Texas, which went through a gain of 4.8 percent since the 2nd Quarter of 2001. The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

Collin County Five-Year Percentage Decline in Employment

The Drinking places, alcoholic beverages industry has seen the largest percentage drop in employment, losing 80.8 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 sector experienced a loss of 6.7 percent. The losses in the Drinking places, alcoholic beverages industry in Collin County outpaced the United States industry losses overall. During this period, the United States lost 9.7 percent in terms of employees in the Drinking places, alcoholic beverages industry.

Top 5 Industries
1. Drinking places, alcoholic beverages (80.8 percent decline)
2. Furniture and furnishing merchant wholesalers (60.2 percent decline)
3. Other general purpose machinery manufacturing (58.1 percent decline)
4. Other animal production (56.9 percent decline)
5. Bakeries and tortilla manufacturing (47.5 percent decline)

Total Five-Year Employment Decline in Collin County

From of the area's 4-digit NAICS industries, the Communications equipment manufacturing industry faced the greatest employment loss with a total loss of 569 jobs during the period. The employment lost in the Communications equipment manufacturing industry make up 14.9 percent of the jobs lost during the period in Collin County, Texas.

Top 5 Industries
1. Communications equipment manufacturing (569 jobs lost)
2. Electric goods merchant wholesalers (391 jobs lost)
3. Newspaper, book, and directory publishers (346 jobs lost)
4. Other general purpose machinery manufacturing (309 jobs lost)
5. Office supplies, stationery, and gift stores (293 jobs lost)

Of the 155 industries with industry data reported by the BLS in each quarter, 36 described an expansion of jobs throughout the time period, while 119 industries reported employment loss in the period.

Total Five-Year Employment Growth in Collin County

The Nondepository credit intermediation industry has grown the most with 10,658 new jobs created in the period. The job growth in the Nondepository credit intermediation industry makes up 14.1 percent of the total employment growth in Collin County.

Top 5 Industries
1. Nondepository credit intermediation (10,658 new jobs)
2. Department stores (4,200 new jobs)
3. Other amusement and recreation industries (3,732 new jobs)
4. Limited-service eating places (3,586 new jobs)
5. Full-service restaurants (3,518 new jobs)

In Collin County, Texas, the entire sum of jobs in all industries overall has increased by 72,316 jobs between mid-2001 and mid-2006.





About: This report is part 2 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.

 

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