eCanned Labor Force Update for Somerset County, New Jersey

Written by Matt

Wednesday, 30 January 2008

From of the area's 3-digit NAICS industries, the Electronic markets and agents and brokers industry experienced most substantial job loss, losing 3604 jobs during the time period. The jobs lost in Electronic markets and agents and brokers makes up 5.3% percent of the employment lost during the period in Somerset County, New Jersey. Top Declining Industries: 1. Electronic markets and agents and brokers (3604 jobs lost) 2. Nursing and residential care facilities (3552 jobs lost) 3. Merchant wholesalers, nondurable goods (2028 jobs lost) 4. Telecommunications (1550 jobs lost) 5. ISPs, search portals, and data processing (1275 jobs lost) In Somerset County, New Jersey, the aggregate employment for all industry sectors has increased by 1.5%, or 2,582 jobs, between 2002 and 2006. Out of the 160 industry sectors (3-digit NAICS) with employment figures reported by the BLS in each year, 28 did not change, 73 accounted an for increase in employment during the period, and 59 industry sectors accounting for employment declines during that time period.From the industries (3-digit NAICS) in the area, the Educational services industry has brought the most jobs with a total of 6,486 total jobs brought in during the period. The growth in Educational services makes up 4.4% percent of the total number of new jobs in Somerset County, New Jersey. Top Growing Industries: 1. Educational services (6,486 new jobs) 2. Executive, legislative and general government (4,218 new jobs) 3. Professional and technical services (3,315 new jobs) 4. Hospitals (1,854 new jobs) 5. Securities, commodity contracts, investments (1,542 new jobs)

 

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