Portsmouth city One-Year Industry Employment Change

Total One-Year Employment Growth in Portsmouth city

From the industries (4-digit NAICS) in the area, the Ship and boat building industry has accounted the most employment growth with a total of 179 employees finding new jobs in the industry. The employment growth in the Ship and boat building industry makes up 14.0 percent of the total growth in Portsmouth city.

Top 5 Industries
1. Ship and boat building (179 new jobs)
2. Vocational rehabilitation services (125 new jobs)
3. Architectural and engineering services (89 new jobs)
4. Limited-service eating places (64 new jobs)
5. Home health care services (63 new jobs)

Out of the 91 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 40 reported job growth in the duration of the year and 51 industry sectors reported declines during the time period.

Total One-Year Employment Decline in Portsmouth city

Given the industries in the area, the Employment services industry faced the greatest employment loss with a total loss of 193 jobs during the period. The employment lost in the Employment services industry make up 21.7 percent of the total job loss in Portsmouth city, Virginia.

Top 5 Industries
1. Employment services (193 jobs lost)
2. Services to buildings and dwellings (154 jobs lost)
3. Investigation and security services (80 jobs lost)
4. Building foundation and exterior contractors (34 jobs lost)
5. Legal services (34 jobs lost)

In Portsmouth city, Virginia, the aggregate employment for all industry sectors has increased by 351 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Employment for all industries has increased by 1.3 percent since the 2nd Quarter figures of 2005. This change is less than growth in the State of Virginia, which experienced a gain of 1.9 percent since the 2nd Quarter of 2005. The gains were less than than the gain felt at the national level of 2.0 percent.

Portsmouth city One-Year Percentage Growth in Employment

The Vocational rehabilitation services industry has experienced the largest percentage growth, expanding by 137.7 percent from 2005 to 2006. This industry in Portsmouth city has grow faster than the growth seen in the industry for Virginia, where it saw a gain of 5.1 percent. The Vocational rehabilitation services industry in Portsmouth city outpaced the United States, which experienced a gained 0.6 percent of the employment in this industry.

Top 5 Industries
1. Vocational rehabilitation services (137.7 percent gain)
2. Nondepository credit intermediation (111.0 percent gain)
3. Support activities for road transportation (60.0 percent gain)
4. Architectural and engineering services (48.9 percent gain)
5. Household and institutional furniture mfg. (44.4 percent gain)

Portsmouth city One-Year Percentage Decline in Employment

The Insurance carriers industry has lost the largest amount of employment in terms of percentage, losing 65.6 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the Virginia, where the industry felt a gain of 1.3 percent. The losses in the Insurance carriers industry in Portsmouth city outpaced the United States industry losses overall. During this period, the United States gained 0.1 in percent of workers in the Insurance carriers industry.

Top 5 Industries
1. Insurance carriers (65.6 percent decline)
2. Investigation and security services (35 percent decline)
3. Management and technical consulting services (25.2 percent decline)
4. General rental centers (25 percent decline)
5. Professional and similar organizations (23.1 percent decline)





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 Portsmouth city, Virginia

The American Indian and Alaska Native headed households in Portsmouth city reported a median household income of $32,663, this level was 17.3 percent less than the median income level in this area. Black or African American headed households had a median household income that was 20.1 percent less than the total 2000 reported median, with a their median reported to be $31,556. The Asian headed households reported median household incomes of $45,175. This median income level is 14.4 percent greater than the reported median for all households in the area. Hispanic households in Portsmouth city, Virginia recorded a median income of $39,016, this income level is 1.2 percent less than the median reported for all households in the area. In Portsmouth city, Virginia White headed households reported household income (in 2005 Dollars) of $47,222 as reported by the Decennial Census of 2000, which was 19.6 percent greater than the median in the year 2000.

As the median household income witnessed a growth since 2000 in Portsmouth city, Virginia, the Race/Ethnicity group that went through the most dramatic growth in median income was the American Indian and Alaska Native Race/Ethnicity category. This category went through an increase of 29.1 percent since 2000. The Black or African American population group was least impacted by the household income growth in Portsmouth city, encountering a 1.1 percent increase in household income level, since the year 2005.

The household income has increased a small amount from the 2000 values (inflation adjusted). The median income has increased to $40,172, which represents a 1.8 percent growth. Portsmouth city, Virginia, when analyzing percentage of growth, ranks 12 of 16 counties in percent of growth for income levels in the State of Virginia. Portsmouth city ranks 75 of 119 counties (or parishes) when comparing total percent of growth in median income level for the United States.

When put side-by-side with other counties (or parishes) throughout the United States, Portsmouth city, Virginia can be recognized as having a medium-high rate of poverty among the people, accounting a rate of 16.2 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 24.2 percent of the 2000 residents living in poverty. People aged 5 years have the most percent of people living in poverty in Portsmouth city, with 31 percent of the population in this age category living in poverty.

When analyzed against other counties (and parishes) in the US, Portsmouth city had a medium-low household income of $39,478 (Adjusted to 2005 Dollars). This is 38.3 percent lower than the household income median in State of Virginia of $54,612 and the income level is 24.5 percent lower than the median for the rest of the nation, which is a reported $49,133.

The poverty rate in Portsmouth city, Virginia has increased by 0.6 percent from the rates reported in the Decennial Census, moving from 16.2 percent to 16.8 percent.

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