Monday, January 22, 2007

Suffolk city One-Year Industry Employment Change

Suffolk city One-Year Percentage Decline in Employment

The Management of companies and enterprises industry has lost the largest amount of employment in terms of percentage, losing 62.8 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has felt in the State of Virginia, where the industry sector experienced a gain of 1.4 percent. The losses in the Management of companies and enterprises industry in Suffolk city outpaced the United States industry losses overall. During this period, the United States gained 2.7 percent in terms of employment in the Management of companies and enterprises industry.

Top 5 Industries
1. Management of companies and enterprises (62.8 percent decline)
2. Other personal services (40 percent decline)
3. Direct selling establishments (32.8 percent decline)
4. Other motor vehicle dealers (24.5 percent decline)
5. Consumer goods rental (24.2 percent decline)

Employment for all industries has increased by 4.6 percent since the 2nd Quarter figures of 2005. This change is greater than growth in Virginia, which experienced a gain of 1.9 percent since the 2nd Quarter of 2005. The gains were greater than than the gain felt at the national level of 2.0 percent.

Suffolk city One-Year Percentage Growth in Employment

The Computer systems design and related services industry has seen the largest percentage job growth, expanding by 110.8 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Suffolk city has expanded faster than the growth seen in the industry for Virginia, where the industry took a gain of 9.6 percent. The Computer systems design and related services industry in Suffolk city outpaced the US in terms of percent growth of industry employment. During this period, the US gained 6.8 percent.

Top 5 Industries
1. Computer systems design and related services (110.8 percent gain)
2. Full-service restaurants (68.7 percent gain)
3. Insurance carriers (56.4 percent gain)
4. Lumber and const. supply merchant wholesalers (43.9 percent gain)
5. Oilseed and grain farming (37.1 percent gain)

Total One-Year Employment Growth in Suffolk city

Out of the 4-digit NAICS industries, the Full-service restaurants industry has brought the most jobs with a total of 299 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 27.5 percent of the total growth in Suffolk city.

Top 5 Industries
1. Full-service restaurants (299 new jobs)
2. Computer systems design and related services (261 new jobs)
3. Building equipment contractors (65 new jobs)
4. Offices of physicians (50 new jobs)
5. Automotive repair and maintenance (46 new jobs)

In Suffolk city, Virginia, the aggregate employment for all industry sectors has increased by 821 total jobs from 2005 to 2006.

From the 69 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 23 showed an escalation in the number employed, while 44 industries reported a drop in employment.

Total One-Year Employment Decline in Suffolk city

Given the industries in the area, the Management of companies and enterprises industry experienced most substantial job loss, losing 148 jobs in that time period. The declines in the Management of companies and enterprises industry make up 46.0 percent of the jobs lost during the period in Suffolk city, Virginia.

Top 5 Industries
1. Management of companies and enterprises (148 jobs lost)
2. Direct selling establishments (22 jobs lost)
3. Child day care services (20 jobs lost)
4. Lawn and garden equipment and supplies stores (18 jobs lost)
5. Consumer goods rental (14 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.

 

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