Tuesday, February 27, 2007

Bedford city Industry Wages Lag Behind Virginia, and Wages Lag Behind the United States


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The overall industry wages in Bedford city, Virginia can be understood as being medium-low when analyzed with other 2nd quarter of 2006 County wages throughout the state. The average pay is 29.7 percent lower than the with an state average of $42,126. The average pay was less than the industry average in the US of $40,259.

About: These facts are part of 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.

Saturday, February 24, 2007

Bedford city Five-Year Industry Employment Change

Total Five-Year Employment Growth in Bedford city

The Full-service restaurants industry has added the most employment with 95 jobs added during the time period. These new jobs in the Full-service restaurants industry makes up 68.6 percent of the growth in Bedford city.

Top 5 Industries
1. Full-service restaurants (95 new jobs)
2. Offices of physicians (20 new jobs)
3. Accounting and bookkeeping services (9 new jobs)
4. Auto parts, accessories, and tire stores (7 new jobs)
5. Offices of dentists (4 new jobs)

Total Five-Year Employment Decline in Bedford city

From of the area's 4-digit NAICS industries, the Private households industry witnessed the largest drop in employment, losing a total of 11 jobs during the time period. The jobs lost in the Private households industry make up 30.6 percent of the jobs lost during the period in Bedford city, Virginia.

Top 5 Industries
1. Private households (11 jobs lost)
2. Gasoline stations (11 jobs lost)
3. Personal care services (5 jobs lost)
4. Automotive repair and maintenance (5 jobs lost)
5. Florists (2 jobs lost)

From the 15 industries with industry data reported by the BLS in each quarter, 8 reported job growth in the duration of the last five years and 7 industries reported employment loss in the period.

In Bedford city, Virginia, the total number of workers for all sectors has decreased by 660 total jobs from 2001 to 2006.

Bedford city Five-Year Percentage Growth in Employment

The Full-service restaurants industry has witnessed the largest percentage of employment expansion, increasing by 142.7 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Bedford city has grow faster than the industry job growth experienced in Virginia, where the industry took a gain of 20.5 percent. The Full-service restaurants industry in Bedford city outpaced the US in terms of percent growth of industry employment. During this period, the US gained 13.2 percent.

Top 5 Industries
1. Full-service restaurants (142.7 percent gain)
2. Accounting and bookkeeping services (65.0 percent gain)
3. Offices of physicians (35.1 percent gain)
4. Auto parts, accessories, and tire stores (22.5 percent gain)
5. Offices of dentists (8.9 percent gain)

Bedford city Five-Year Percentage Decline in Employment

The Private households industry has seen the largest percentage drop in employment, losing 41 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has gone through in the Virginia, where the it saw a loss of 5.6 percent. The losses in the Private households industry in Bedford city outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 19.8 percent in terms of employees in the Private households industry.

Top 5 Industries
1. Private households (41 percent decline)
2. Automotive repair and maintenance (22.6 percent decline)
3. Personal care services (19.7 percent decline)
4. Florists (14.3 percent decline)
5. Computer systems design and related services (11.5 percent decline)

Total industry employment has decreased by 16.4 percent since the 2nd Quarter of 2001. This is greater than percent in Virginia, which saw a gain of 5.2 percent from 2001 (2nd Quarter). The losses the area experienced were greater than than the gain felt at the national level of 2.6 percent.





About: This report is part 2 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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