Employment Report for Winchester, VA, Virginia -- Annual 2005 Industry Summary
In Winchester, VA, Manufacturing, Retail Trade, and the Health care and social assistance industries are the largest employment industries. The Manufacturing produces the largest number of jobs in the area accounting for 20.5 percent of the total MSA employment. This totals 9,621 people employed. The Retail Trade and Health care and social assistance sectors provide 16.9 and 14.3 percent of all employment.
Manufacturing has a largest number of employees per establishment in Winchester, VA Metropolitan Area (MSA), averaging 66 jobs per establishment, which is greater than the US industry average of 39 and greater than the State of Virginia establishments size average of 48 for the Manufacturing industry.
A high-wage industry in Winchester, VA is the finance and insurance industry with an average annual wage of $44,285. Throughout the MSA since the year 2001, the industry annual average pay has grown by 19.4 percent or $7,184. The State of Virginia holds a similar economic condition in the finance and insurance industry, falling near the top of industries in term of the average annual pay of 2004.
Educational services has grown in employment, since the year 2001, more than any other industry in Winchester, VA, with an employment growth of 76.6 percent. This is greater than the rate of industry employment change in the United States of 13.8 percent. The State of Virginia went through a industry job change of 21 percent, in the recent period of 2001-2005.
In Winchester, VA, Manufacturing, Educational services and Retail Trade have the highest US LQ in 2005. The Manufacturing sector in the county has a location quotient of 1.6. The percent of employment in the Manufacturing sector is 1.6 times the percent of the national average, This signifies that Winchester, VA may be an exporter of products or services of Manufacturing.
Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in the Winchester, VA MSA. The sector faced a loss of 1,549 employees during the period, or 13.9 percent of jobs in the industry. The losses in this industry made up 99.7 percent of the total loss in employment during the period.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
Manufacturing has a largest number of employees per establishment in Winchester, VA Metropolitan Area (MSA), averaging 66 jobs per establishment, which is greater than the US industry average of 39 and greater than the State of Virginia establishments size average of 48 for the Manufacturing industry.
A high-wage industry in Winchester, VA is the finance and insurance industry with an average annual wage of $44,285. Throughout the MSA since the year 2001, the industry annual average pay has grown by 19.4 percent or $7,184. The State of Virginia holds a similar economic condition in the finance and insurance industry, falling near the top of industries in term of the average annual pay of 2004.
Educational services has grown in employment, since the year 2001, more than any other industry in Winchester, VA, with an employment growth of 76.6 percent. This is greater than the rate of industry employment change in the United States of 13.8 percent. The State of Virginia went through a industry job change of 21 percent, in the recent period of 2001-2005.
In Winchester, VA, Manufacturing, Educational services and Retail Trade have the highest US LQ in 2005. The Manufacturing sector in the county has a location quotient of 1.6. The percent of employment in the Manufacturing sector is 1.6 times the percent of the national average, This signifies that Winchester, VA may be an exporter of products or services of Manufacturing.
Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in the Winchester, VA MSA. The sector faced a loss of 1,549 employees during the period, or 13.9 percent of jobs in the industry. The losses in this industry made up 99.7 percent of the total loss in employment during the period.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
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