Saturday, February 24, 2007

Newton County Five-Year Industry Employment Change

Newton County Five-Year Percentage Decline in Employment

The Building finishing contractors industry has lost the largest percent of jobs, losing 58 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has seen in the Texas, where the industry reported a gain of 2 percent. The losses in the Building finishing contractors industry in Newton County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 17.4 in percent of workers in the Building finishing contractors industry.

Top 5 Industries
1. Building finishing contractors (58 percent decline)
2. Electronic markets and agents and brokers (56.1 percent decline)
3. Other personal services (51.4 percent decline)
4. Child day care services (48.9 percent decline)
5. Chemical merchant wholesalers (42.3 percent decline)

Newton County Five-Year Percentage Growth in Employment

The Unclassified industry has witnessed the largest percentage of employment expansion, increasing by 200.0 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Newton County has expanded slower than the industry job growth experienced in Texas, where the industry felt a gain of 222.1 percent. The Unclassified industry in Newton County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (200.0 percent gain)
2. Full-service restaurants (116.1 percent gain)
3. Gasoline stations (42.9 percent gain)
4. Logging (39.4 percent gain)
5. Utility system construction (23.3 percent gain)

Employment for all industries has decreased by 15 percent from the reported values in 2001. These values are greater than growth in Texas, which saw a gain of 4.8 percent since 2001 ( 2nd Quarter). The losses were greater than than the gain experienced overall in the US of 2.6 percent.

In Newton County, Texas, the aggregate employment for all industry sectors has decreased by 195 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Decline in Newton County

Given the industries in the area, the Employment services industry experienced most substantial job loss, losing 257 jobs during the time period. The jobs lost in the Employment services industry make up 25.3 percent of the total job loss in Newton County, Texas.

Top 5 Industries
1. Employment services (257 jobs lost)
2. Grocery stores (122 jobs lost)
3. Offices of physicians (95 jobs lost)
4. Child day care services (89 jobs lost)
5. General freight trucking (87 jobs lost)

Of the 6 industries with industry data reported by the BLS in each quarter, . reported job growth in the duration of the last five years and 6 industry sectors reported declines during the time period.







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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