Monday, January 22, 2007

Patrick County One-Year Industry Employment Change

Employment for all industries has increased by 6 percent from 2005 (2nd Quarter). These figures are greater than growth in the State of Virginia, which went through a gain of 1.9 percent from 2005 (2nd Quarter). The gains the area experienced were greater than than the gain reported at the US level of 2.0 percent.

Patrick County One-Year Percentage Decline in Employment

The Services to buildings and dwellings industry has lost the largest amount of employment in terms of percentage, losing 16.3 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has gone through in the Virginia, where the industry felt a gain of 0.8 percent. The losses in the Services to buildings and dwellings industry in Patrick County outpaced the US in terms of percent of decline of industry employment. The US gained 3.1 percent in terms of employment in the Services to buildings and dwellings industry.

Top 5 Industries
1. Services to buildings and dwellings (16.3 percent decline)
2. Private households (14.3 percent decline)
3. Depository credit intermediation (5.8 percent decline)
4. General freight trucking (5.1 percent decline)
5. Gasoline stations (2.8 percent decline)

Patrick County One-Year Percentage Growth in Employment

The Death care services industry has witnessed the largest percentage of employment expansion, increasing by 45.9 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Patrick County has increased employment faster than the growth seen in the industry for Virginia, where the industry took a loss of 1.2 percent. The Death care services industry in Patrick County outpaced the nation in terms of industry employment growth . During this period, the nation lost 0.8 percent of the industry employment.

Top 5 Industries
1. Death care services (45.9 percent gain)
2. Building foundation and exterior contractors (44.1 percent gain)
3. Other specialty trade contractors (39.0 percent gain)
4. Legal services (30.0 percent gain)
5. Offices of dentists (16.1 percent gain)

Total One-Year Employment Growth in Patrick County

From the industries (4-digit NAICS) in the area, the Other wood product manufacturing industry has brought the most jobs with a total of 43 jobs added during the time period. These new jobs in the Other wood product manufacturing industry makes up 47.6 percent of the total employment growth in Patrick County.

Top 5 Industries
1. Other wood product manufacturing (43 new jobs)
2. Other specialty trade contractors (10 new jobs)
3. Full-service restaurants (8 new jobs)
4. Death care services (6 new jobs)
5. Building foundation and exterior contractors (5 new jobs)

Of the 23 industries with industry data reported by the BLS in each quarter, 7 accounted an for increase in employment during the period and 14 industry sectors reported declines during the time period.

In Patrick County, Virginia, the entire sum of jobs in all industries overall has increased by 244 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Decline in Patrick County

Of the area's industries (4-digit NAICS), the General freight trucking industry faced the greatest employment loss with a total loss of 5 jobs during the time period. The jobs lost in the General freight trucking industry make up 29.2 percent of the employment lost during the period in Patrick County, Virginia.

Top 5 Industries
1. General freight trucking (5 jobs lost)
2. Gasoline stations (3 jobs lost)
3. Depository credit intermediation (3 jobs lost)
4. Services to buildings and dwellings (2 jobs lost)
5. General freight trucking (520 jobs lost)





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.

Thursday, January 11, 2007

Income and Poverty in Patrick County, Virginia

Compared to other counties (and parishes) throughout the nation, Patrick County had a relatively low median income for all households of $33,585 (2005 Dollars). The income level is 62.6 percent lower than the household income median in State of Virginia of $54,612 and the median is 46.3 percent lower than the median household income level in the US of $49,133.

When compared to other counties (or parishes) across the United States, Patrick County, Virginia can be considered to have a medium-high rate of poverty among its population, accounting a rate of 13.4 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 19.2 percent of the population in 2000 living in poverty. Individuals aged 75 years and over are experiencing most percent people in poverty in Patrick County, reporting 23.9 percent of this age group in the area living in poverty.

The Asian householders in the area have reported their median household incomes at $54,322. This household income level is 61.7 percent greater than the reported median household income for all households in the area. In Patrick County, Virginia White headed households reported a median household income (2005 Dollars) of $34,207 as reported by the Decennial Census of 2000, which was 1.9 percent greater than the median in 2000. Black or African American headed households had median income levels that were 13.9 percent less than the all population median published in the 2000 Census, with a median of $28,932. Hispanic headed households in Patrick County, Virginia , according to the 2000 census, had a median household income of $29,594, which is 11.9 percent less than the reported median household income for all households in the area. The American Indian and Alaska Native households in Patrick County reported a median household income of $23,237, this level was 30.8 percent less than the median level for total households in the area.







Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

 

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