Odessa, TX

Odessa Metro Area industry wages have increased by 22.6% percent since 2001

2007-03-19T01:28:00.000-07:00

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Since 2001, industry wages increased in the Odessa Metro Area by a total of 22.6%. This is greater than the growth in wages for the State of Texas and greater than the growth in average industry wages for the United States.

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.

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

2007-02-27T22:32:00.000-08:00

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The average total wages in all industries in Odessa, TX can be understood as being medium-high when compared to other Metro Areas throughout the US in the 2nd quarter of 2006. The industry wages are 13.8 percent lower than the with an state average of $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.

Odessa Five-Year Industry Employment Change

2007-02-11T14:02:00.000-08:00

Total Five-Year Employment Decline in the Odessa Metro Area

From of the area's 4-digit NAICS industries, the Business support services industry experienced most substantial job loss, losing 137 jobs in that time period. The declines in the Business support services industry make up 9.5 percent of the jobs lost during the period in Odessa, TX.

Top 5 Industries
1. Business support services (137 jobs lost)
2. Drinking places, alcoholic beverages (114 jobs lost)
3. Specialized freight trucking (113 jobs lost)
4. General rental centers (107 jobs lost)
5. Community care facilities for the elderly (90 jobs lost)

Of the 99 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 34 described an expansion of jobs throughout the time period, while 65 industry sectors accounting for employment declines during that time period.

In the Odessa, TX metro area, the total number of jobs throughout all industries has increased by 5,958 jobs between mid-2001 and mid-2006.

Total Five-Year Employment Growth in the Odessa Metro Area

Out of the 4-digit NAICS industries, the Support activities for mining industry has added the most employment with 1,199 employees finding new jobs in the industry. The employment growth in the Support activities for mining industry makes up 16.2 percent of the total number of new jobs in Odessa.

Top 5 Industries
1. Support activities for mining (1,199 new jobs)
2. Machinery and supply merchant wholesalers (796 new jobs)
3. Home health care services (571 new jobs)
4. Utility system construction (525 new jobs)
5. Full-service restaurants (471 new jobs)

Employment for all industries has increased by 14.5 percent from the reported values in 2001. These values are greater than percent in the State of Texas, experiencing a gain of 4.8 percent since the 2nd Quarter of 2001. The gains were greater than than the gain felt at the national level of 2.6 percent.

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

The General rental centers industry has lost the largest percent of jobs, losing 66.5 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of Texas, where the it saw a loss of 18.8 percent. The losses in the General rental centers industry in Odessa outpaced the United States industry losses overall. During this period, the United States lost 14.8 percent in terms of employees in the General rental centers industry.

Top 5 Industries
1. General rental centers (66.5 percent decline)
2. Other schools and instruction (57.1 percent decline)
3. Private households (50.9 percent decline)
4. Insurance carriers (46.5 percent decline)
5. Community care facilities for the elderly (42 percent decline)

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

The Management and technical consulting services industry has experienced the largest percentage growth, expanding by 553.3 percent from 2001 to 2006. This industry in Odessa has expanded faster than the industry has grown in the State of Texas, where the industry felt a gain of 31.6 percent. The Management and technical consulting services industry in Odessa outpaced the United States, which experienced a gained 22.1 percent in this industry.

Top 5 Industries
1. Management and technical consulting services (553.3 percent gain)
2. Unclassified (417.4 percent gain)
3. Activities related to credit intermediation (249.2 percent gain)
4. Nonscheduled air transportation (86.7 percent gain)
5. Office administrative services (79.5 percent gain)

Odessa One-Year Industry Employment Change

2007-01-24T17:02:00.000-08:00

The Odessa Metro Area: One-Year Percentage Decline in Employment

The Other schools and instruction industry has seen the largest percentage drop in employment, losing 46.8 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has gone through in the Texas, where the industry felt a gain of 4.1 percent. The losses in the Other schools and instruction industry in Odessa outpaced the US in terms of percent of decline of industry employment. The US gained 5.7 percent in terms of employment in the Other schools and instruction industry.

Top 5 Industries
1. Other schools and instruction (46.8 percent decline)
2. Freight transportation arrangement (35.1 percent decline)
3. Insurance carriers (34.6 percent decline)
4. Special food services (27.6 percent decline)
5. General rental centers (27.1 percent decline)

The Odessa Metro Area: One-Year Percentage Growth in Employment

The Medical and diagnostic laboratories industry has witnessed the largest percentage of employment expansion, increasing by 210.7 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Odessa has grow faster than the industry job growth experienced in Texas, where the industry felt a gain of 5.2 percent. The Medical and diagnostic laboratories industry in Odessa outpaced the national average, which felt a gained 2.9 percent of the employment in this industry.

Top 5 Industries
1. Medical and diagnostic laboratories (210.7 percent gain)
2. Unclassified (93.5 percent gain)
3. Management and technical consulting services (89.0 percent gain)
4. Motor vehicle body and trailer manufacturing (74.0 percent gain)
5. Remediation and other waste services (56.3 percent gain)

Total industry employment has increased by 8.9 percent from the reported values in 2005. These values are greater than growth in Texas, which went through a gain of 4 percent from the 2nd Quarter of 2005. The gains the area experienced were greater than than the gain reported at the US level of 2 percent.

In the Odessa, TX metro area, the aggregate employment for all industry sectors has increased by 3,826 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Decline in the Odessa Metro Area

The Gasoline stations industry experienced most substantial job loss, losing 105 jobs during the period. The employment lost in the Gasoline stations industry make up 21.4 percent of the jobs lost during the period in Odessa, TX.

Top 5 Industries
1. Gasoline stations (105 jobs lost)
2. Special food services (50 jobs lost)
3. Management of companies and enterprises (34 jobs lost)
4. Lessors of real estate (21 jobs lost)
5. General rental centers (20 jobs lost)

Total One-Year Employment Growth in the Odessa Metro Area

Of the industries (4-digit NAICS) in the area, the Support activities for mining industry has brought the most jobs with a total of 1,112 employees finding new jobs in the industry. The employment growth in the Support activities for mining industry makes up 25.0 percent of the total number of new jobs in Odessa.

Top 5 Industries
1. Support activities for mining (1,112 new jobs)
2. Commercial machinery repair and maintenance (279 new jobs)
3. Utility system construction (245 new jobs)
4. Machinery and supply merchant wholesalers (201 new jobs)
5. Management and technical consulting services (187 new jobs)

Of the 121 industries with industry data reported by the BLS in each quarter, 41 described an expansion of jobs throughout the time period, while 80 industry sectors accounting for employment declines during that time period.

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 Odessa, TX

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The rate of poverty in the Odessa, TX Metro has increased by 3.7 percent from the rates reported in the Decennial Census, moving from 15.9 percent to 19.6 percent.

Compared to other MSAs throughout the nation, the Odessa metro area accounted a relatively low median income for households of $40,684 (Adjusted to 2005 Dollars). This figure is 14.8 percent lower than the median in Texas of $46,715 and the median is 20.8 percent lower than the median for the rest of the nation, which is a reported $49,133.

As the median income level saw a decline since 2000 in the Odessa, TX metro area, the Race/Ethnicity group that experienced the largest decline in household income was the Hispanic Race/Ethnicity category. This group experienced a decline of 32.1 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 Odessa, undergoing a 3.3 percent decline in median household income from 2000 to 2005.

When put side-by-side with other Metros throughout the United States, the Odessa metro area can be understood to have a relatively high poverty rate amid the residents with a poverty rate of 15.9 percent of people living in a family with an income below the poverty level in 1999. The American Indian and Alaska Native race/ethnicity population cohort, has the uppermost poverty rate with 31.4 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the most percent of people living in poverty in Odessa, with 24.4 percent of the population in this age category living in poverty.

The median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $35,978, which represents a 11.6 percent decline. The Odessa, TX MSA, when comparing total percent of decline, ranks 8 of 22 metro area in percent of decline for household income in Texas. Odessa ranks 64 of 233 metro area when comparing the decline in median household income in the United States.

Black or African American householders reported household income levels that were 41.2 percent less than the total 2000 reported median, with a their median reported to be $23,925. In Odessa, TX White headed households reported a median household income (2005 Dollars) of $44,358 as reported by the Decennial Census of 2000, which was 9 percent greater than the median income in 2000. Hispanic Householders in Odessa, TX , as reported in 2000, had a median household income of $31,411, this income level is 22.8 percent less than reported value of the areas total household median income for all households. According to the 2000 Census, the Asian headed households in the area have median household incomes of $61,253. This median income level is 50.6 percent greater than the reported median household income, in the area, for all households. The American Indian and Alaska Native headed households in Odessa reported an income level of $33,701, this level was 17.2 percent less than the median level for total households in the area.

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

Higher Education in the Odessa, TX Metro Area

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In the Odessa, TX Metro Area according the 2005 American Community Survey, 11.6 percent of the White Alone, . percent of Black or African American, . percent of the Asian alone and 5.8 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Reported by the 2005 American Community Survey in the Odessa, TX Metro Area, the largest educational attainment category for men is the High School Diploma category, with 31.8 percent obtaining this level of education. The women in the Odessa metro area on average have achieved a greater level of higher education (Bachelors or Higher) than men; 10.2 percent (Men) versus 12.4 percent (Women). A high proportion of the female population in the area has reached the Some College or Associates Degree category, with 30 percent of women in the area reaching this education level.

Odessa, TX Metro Area can be considered to have a less-educated 2005 population, with 11.4 percent of the population over 25 years old having received at least a Bachelors Degree, according to the American Community Survey of 2005. The Odessa MSA counted a lower percent of individuals with higher educations than the State of Texas's proportion of 25.2 percent and a lower percent than the national average of 27.2 percent.

Since 2000, the Odessa metro area has decreased in the percent of the total population (+25) with a BA or Higher. The portion of this population has declined by 7.0 percent to a total of 11.4 percent in 2005. According to the American Community Survey, the proportion of the population in 2005 with a BA or Higher is less than the 2005 State of Texas percent of 25.2 and less than the average US percent of 27.2.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has decreased by 10.8 percent. As reported in 2005, 10.2 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 decreased by a total of 4.0 percent. By 2005, a total of 12.4 percent of the female population having received at least a Bachelors Degree.

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

Demographic Profile for Odessa, TX

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The Odessa metro area had a population of 125,339 in 2005. The estimated population has increased, from the population in the year 2000 of 120,726. This growth shows an increase of 3.8 percent. Odessa ranks 19 of 25 MSAs when calculating total change in population for Texas and the metro area ranks 246 of 361 metro areas by growth in MSA population in the United States.

From 2000, a medium-high amount of people migrated into the Odessa metro area, with 1,154 people migrating in from outside the country. The immigration into Odessa accounts for 0.2 percent of the total international migration into the State of Texas. This amount of international migration is medium-high when analyzed against the base population in the year 2005 and compared to other metro areas across the US.

The Census Bureau estimates in 2005 the median age in the Odessa metro area to be 31.8 years old. The median in Odessa is less than the median age in the State of Texas of 33.2. Since 2000, the area has experienced a decline in the median age, at that time the median was 33.0 years of age. With a total of 29.1 percent of the 2005 population being comprised of individuals under the age of 18, Odessa can be described as having a medium-high proportion of youths. The working age population group (18-64) has a medium-low representation within the population, making up 61.6 percent of the population makes up this age category. The retirement (65 and over) age group comprises 13.4 percent of the population. When compared to other metro areas in the United States, this represents a medium-low proportion of the area population base.

The Odessa metropolitan statistical area (MSA) has a population that is comprised of 46.1 percent White, 4.4 percent African American, 0.6 percent Asian, and 47.9 percent Hispanic. The area can be described as having a very high level of diversity, with 52.9 percent minorities. This is greater than the State of Texas percent of 49.5. Since 2000, Odessa has increased the percent of minority makeup when 47.7 percent of the people were minorities.

In terms of total land area, the Odessa metro area covers a total land area of 901 square miles. The MSA has a medium-low average population density of 139 persons per square mile. Other metro areas with similar densities in the US include: -- more densely populated -- Rocky Mount (139 per sq. mile ), Ames (140 per sq. mile ), Jackson (140 per sq. mile ), -- less densely populated -- Hot Springs (138 per sq. mile ), Fond du Lac (137 per sq. mile ), Midland (135 per sq. mile ).

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

Housing Report for Odessa

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The residential home values in Odessa, Texas have seen declines from the housing values in 2000. The residential values have descreaed by $-6,000, or -10.2 percent, from their 2000 median values of $59,100.

Looking across the State of Texas, Odessa ranks 25 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 345 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Odessa recorded a median home value in 2005 of $53,100, according to the American Community Survey. This is less than the State of Texas 2005 median owner-occupied dwelling value of $106,000 and less than home value of $167,500 for the United States in the same year.

There is a large amount affordable residential real estate in Odessa, Texas. In 2005, 91.1 percent of owner-occupied dwellings were valued under $125k.

In Odessa, the U.S. Census Bureau, Population Division accounted for a total of 50,721 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding all together 659 housing units since the year 2001, or 1.3 percent.

Odessa is made up of a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 0.1 percent of the houses were valued over a half a million dollars.

Data Source: U.S. Census Bureau

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

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Manufacturing saw the largest loss of employment between the years 2001-2005 in the Odessa Metro Area. The industry lost a total of 991 employees during the period, or 21.5 percent of the employment in the industry. This made up a total of 67 percent of the total jobs loss in the Metro Area.

A top paying industry in Odessa is the utilities sector with an annual pay of $62,783. Locally, since the year 2001, the industry annual average wages have grown by 18 percent or $9,593. The State of Texas has a similar pattern in the utilities industry, ranking near the top of sectors according to average 2004 industry pay.

Educational services is the industry with the largest change in employment since the year 2001 in Odessa, increasing in size by 91.8 percent. This is greater than the change in industry employment in the United States of 13.8 percent. The State of Texas encountered a change in industry employment of 14.9 percent, during the period.

In Odessa, Mining, Wholesale trade and Construction industries have the highest United States location quotient (LQ). The Mining industry has a US LQ in the region of 16.78. The level of employment in the Mining industry is 16.78 times greater than the national average, signifying that Odessa produces more than its local requirement of products and/or services of Mining.

Utilities has a largest number of employees per establishment in Odessa MSA, with the industry averaging 45 employees per business. This is greater than the industry's average in the United States of 34 and greater than the State of Texas establishments size average of 26 for the Utilities industry.

In Odessa, Retail Trade, Accommodation and food services, and the Health care and social assistance sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the major employer in the Metropolitan Area making up 15.1 percent of total employment in the Metro Area, making up 6,633 jobs. The Accommodation and food services and Health care and social assistance sectors account for 11.6 and 11.3 percent of industry employment.

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