Employment Report for Madison County, Virginia -- Annual 2005 Industry Summary
The Manufacturing has seen the largest decrease in industry presence in Madison County since the year 2001. The industry went from accounting for 19.2 percent of total employment in 2001 to 7.8 percent of total employment in the year 2005.
Agriculture, forestry, fishing and hunting is the industry that has grown the most in terms of employment from 2001-2005 in Madison County, rising by 54.1 percent. This is greater than the industry employment change in the United States of -0.6 percent. The State of Virginia underwent a employment change in the industry of -8.6 percent, in the recent period of 2001-2005.
Retail Trade is the industry with the largest establishments in Madison County. In the County, the industry averages 23 employees per business. This is greater than the industry's average at the national level of 15 and greater than the Virginia establishments size average of 16 for the Retail Trade industry.
In Madison County, Agriculture, forestry, fishing and hunting, Retail Trade and Construction are the three industries with the highest location quotients. The Agriculture, forestry, fishing and hunting sector in the county has a location quotient of 6.89. In other words, the percent of total jobs in the Agriculture, forestry, fishing and hunting industry is 6.89 times the percent of the national average, This signifies that Madison specializes in Agriculture, forestry, fishing and hunting.
In Madison County, Retail Trade, Construction, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the largest employment industry and makes up 33 percent of the total county employment. This totals 948 employees. The Construction and Manufacturing sectors account for 9.8 and 7.8 percent of the total jobs, respectively.
Manufacturing saw the largest loss of employment between the years 2001-2005 in Madison County. The industry lost a total of 333 total jobs during the period, accounting for 59.8 percent of employment in the sector. These losses made up 99.1 percent of all county employment losses since 2001.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
The Manufacturing has seen the largest decrease in industry presence in Madison County since the year 2001. The industry went from accounting for 19.2 percent of total employment in 2001 to 7.8 percent of total employment in the year 2005.
Agriculture, forestry, fishing and hunting is the industry that has grown the most in terms of employment from 2001-2005 in Madison County, rising by 54.1 percent. This is greater than the industry employment change in the United States of -0.6 percent. The State of Virginia underwent a employment change in the industry of -8.6 percent, in the recent period of 2001-2005.
Retail Trade is the industry with the largest establishments in Madison County. In the County, the industry averages 23 employees per business. This is greater than the industry's average at the national level of 15 and greater than the Virginia establishments size average of 16 for the Retail Trade industry.
In Madison County, Agriculture, forestry, fishing and hunting, Retail Trade and Construction are the three industries with the highest location quotients. The Agriculture, forestry, fishing and hunting sector in the county has a location quotient of 6.89. In other words, the percent of total jobs in the Agriculture, forestry, fishing and hunting industry is 6.89 times the percent of the national average, This signifies that Madison specializes in Agriculture, forestry, fishing and hunting.
In Madison County, Retail Trade, Construction, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the largest employment industry and makes up 33 percent of the total county employment. This totals 948 employees. The Construction and Manufacturing sectors account for 9.8 and 7.8 percent of the total jobs, respectively.
Manufacturing saw the largest loss of employment between the years 2001-2005 in Madison County. The industry lost a total of 333 total jobs during the period, accounting for 59.8 percent of employment in the sector. These losses made up 99.1 percent of all county employment losses since 2001.
Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).
