Lynchburg One-Year Industry Employment Change

Total One-Year Employment Decline in the Lynchburg Metro Area

The Couriers industry has lost the most employment with a total loss of 167 jobs. The declines in the Couriers industry make up 14.9 percent of the total job loss in Lynchburg, VA.

Top 5 Industries
1. Couriers (167 jobs lost)
2. Building foundation and exterior contractors (130 jobs lost)
3. Highway, street, and bridge construction (128 jobs lost)
4. Services to buildings and dwellings (106 jobs lost)
5. Investigation and security services (98 jobs lost)

Total One-Year Employment Growth in the Lynchburg Metro Area

Of the industries (4-digit NAICS) in the area, the Employment services industry has brought the most jobs with a total of 934 jobs added during the time period. These new jobs in the Employment services industry makes up 37.2 percent of the total employment growth in Lynchburg.

Top 5 Industries
1. Employment services (934 new jobs)
2. Commercial equip. merchant wholesalers (167 new jobs)
3. Insurance carriers (135 new jobs)
4. Office administrative services (115 new jobs)
5. Other general purpose machinery manufacturing (111 new jobs)

Of the 98 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 39 showed an escalation in the number employed, while 59 industry sectors reported declines during the time period.

In the Lynchburg, VA metro area, the aggregate employment for all industry sectors has increased by 2,657 jobs between mid-2005 and mid-2006.

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

The Office administrative services industry has seen the largest percentage job growth, expanding by 323.4 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Lynchburg has increased employment faster than the industry has grown in the State of Virginia, where this industry saw a gain of 10.3 percent. The Office administrative services industry in Lynchburg outpaced the US in terms of percent growth of industry employment. During this period, the US gained 5.7 percent.

Top 5 Industries
1. Office administrative services (323.4 percent gain)
2. Commercial equip. merchant wholesalers (102.9 percent gain)
3. Employment services (48.0 percent gain)
4. Technical and trade schools (41.8 percent gain)
5. Furniture and furnishing merchant wholesalers (29.8 percent gain)

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

The Electronic equipment repair and maintenance industry has seen the largest percentage drop in employment, losing 57.4 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Virginia, where the it saw a gain of 0.1 percent. The losses in the Electronic equipment repair and maintenance industry in Lynchburg outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 0.4 percent in terms of employment in the Electronic equipment repair and maintenance industry.

Top 5 Industries
1. Electronic equipment repair and maintenance (57.4 percent decline)
2. Couriers (46.6 percent decline)
3. Other personal services (44.5 percent decline)
4. Highway, street, and bridge construction (28.1 percent decline)
5. Management and technical consulting services (22.9 percent decline)

Total industry employment has increased by 3.1 percent from 2005 (2nd Quarter). These figures are greater than percent in Virginia, which experienced a gain of 1.9 percent from the 2nd Quarter of 2005. The gains were greater than than the gain experienced overall in the US of 2 percent.





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 Lynchburg, VA

The areas median household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $40,598, posting a 6.2 percent decline. The Lynchburg, VA MSA, in terms of percentage of decline, ranks 4 of 5 metro area in percent of decline for income levels in the State of Virginia. Lynchburg ranks 157 of 233 metro area in terms of the decline in median income level for the United States.

Compared to other MSAs throughout the nation, the Lynchburg metro area accounted a medium-low median household income of $43,302 (2005 Dollars). This median is 26.1 percent lower than the median income in State of Virginia of $54,612 and this is 13.5 percent lower than the median household income level in the US of $49,133.

In Lynchburg, VA White headed households reported a median household income (2005 Dollars) of $46,953 according to the 2000 Dencennial Census, which was 8.4 percent greater than the median in 2000. Hispanic households in Lynchburg, VA reported a median household income of $35,563, this median household income is 17.9 percent less than the reported median household income for all households in the area. The Asian householders in the area have reported their median household incomes at $51,919. This median income level is 19.9 percent greater than the all households reported median in the area. Black or African American headed households had a median household income that was 31.5 percent less than the overall reported level in 2000, with a reported median of $29,670. The households that were headed by an American Indian and Alaska Native individual in Lynchburg reported an income level of $45,755, this was 5.7 percent greater than the median for all households.

As the median household income witnessed a decline in the last five year in the Lynchburg, VA metro area, the Race/Ethnicity group that experienced the largest decline in median income was the Hispanic Race/Ethnicity category. This group experienced a decline of 18.2 percent since 2000. The Hispanic population category was least influenced by the median household income decline in Lynchburg, encountering a 18.2 percent decline in household income level, since the year 2005.

Evaluated with other MSAs across the nation, the Lynchburg metro area can be understood to have a medium-low poverty rate amid the residents with a poverty rate of 11.4 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 25.7 percent of the people in 2000 living in poverty. The population that is aged Under 5 years are witness to the most percent living in poverty in Lynchburg, having 18.1 percent of the population in this age category living in poverty.

The poverty rate in the Lynchburg, VA Metro has increased by 0.6 percent from the rates reported in the Decennial Census, moving from 11.4 percent to 12 percent.

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