Tuesday, February 27, 2007

Kane County Industry Wages Lag Behind Utah, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Wages in all industries in Kane County, Utah when analyzed can be understood as being relatively low when compared to other 2nd quarter of 2006 County wages throughout the state. The average pay is 38.3 percent lower than the with an state average of $33,232. The overall industry wage was less than the overall average in the United States 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.

Saturday, February 10, 2007

Kane County Five-Year Industry Employment Change

Kane County Five-Year Percentage Growth in Employment

The Depository credit intermediation industry has experienced the largest percentage growth, expanding by 151.9 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Kane County has expanded faster than the industry job growth experienced in Utah, where it saw a gain of 21.2 percent. The Depository credit intermediation industry in Kane County outpaced the nation in terms of industry employment growth . During this period, the nation gained 6 percent.

Top 5 Industries
1. Depository credit intermediation (151.9 percent gain)
2. Building equipment contractors (85.2 percent gain)
3. General freight trucking (82.4 percent gain)
4. Offices of other health practitioners (50.0 percent gain)
5. Building finishing contractors (13.3 percent gain)

Total employment has increased by 8.7 percent since the 2nd Quarter of 2001. This is less than percent in the State of Utah, experiencing a gain of 11.4 percent from 2001 (2nd Quarter). The gains in the area were greater than than the gain experienced overall in the US of 2.6 percent.

Kane County Five-Year Percentage Decline in Employment

The Offices of real estate agents and brokers industry has lost the biggest percent of jobs, losing 25 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has felt in the State of Utah, where the industry felt a gain of 66.3 percent. The losses in the Offices of real estate agents and brokers industry in Kane County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 28.5 percent in terms of employees in the Offices of real estate agents and brokers industry.

Top 5 Industries
1. Offices of real estate agents and brokers (25 percent decline)
2. Grocery and Related Product Wholesalers (15.5 percent decline)
3. RV parks and recreational camps (14.4 percent decline)
4. Traveler accommodation (7.5 percent decline)
5. Other amusement and recreation industries (1.2 percent decline)

Of the 12 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 6 reported job growth in the duration of the last five years and 6 industry sectors reported declines during the time period.

In Kane County, Utah, the entire sum of jobs in all industries overall has increased by 200 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in Kane County

The Traveler accommodation industry faced the greatest employment loss with a total loss of 22 jobs. The declines in the Traveler accommodation industry make up 55.8 percent of the total employment decline in Kane County, Utah.

Top 5 Industries
1. Traveler accommodation (22 jobs lost)
2. RV parks and recreational camps (6 jobs lost)
3. Offices of real estate agents and brokers (4 jobs lost)
4. Other amusement and recreation industries (4 jobs lost)
5. Grocery and Related Product Wholesalers (3 jobs lost)

Total Five-Year Employment Growth in Kane County

Out of the 4-digit NAICS industries, the Depository credit intermediation industry has accounted the most employment growth with a total of 41 jobs added during the time period. These new jobs in the Depository credit intermediation industry makes up 56.2 percent of the total growth in Kane County.

Top 5 Industries
1. Depository credit intermediation (41 new jobs)
2. Limited-service eating places (16 new jobs)
3. Building equipment contractors (8 new jobs)
4. General freight trucking (5 new jobs)
5. Offices of other health practitioners (3 new jobs)

 

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