Tuesday, February 27, 2007

Charlottesville Metro Area Industry Wages Lag Behind Virginia, and Wages Lag Behind the United States Industry Wages


(Click Image to Enlarge Graph)



Total wages in all industries in Charlottesville, VA can be described as medium-high when analyzed with other Metro Areas in the United States. The overall wages are 19.8 percent lower than the state, which accounted an average of $42,126. The average industry wage was less than the national industry average 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.

Sunday, February 11, 2007

Charlottesville Five-Year Industry Employment Change

The Charlottesville Metro Area: Five-Year Percentage Decline in Employment

The Jewelry, luggage, and leather goods stores industry has lost the largest amount of employment in terms of percentage, losing 4.1 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of Virginia, where the industry felt a loss of 2 percent. The losses in the Jewelry, luggage, and leather goods stores industry in Charlottesville moved at the same pa the US in terms of percent of decline of industry employment. The US lost 4.1 in percent of jobs in the Jewelry, luggage, and leather goods stores industry.

Top 3 Industries
1. Jewelry, luggage, and leather goods stores (4.1 percent decline)
2. Personal care services (2.2 percent decline)
3. Civic and social organizations (1.3 percent decline)

Employment for all industries has increased by 7.3 percent from the reported values in 2001. These values are greater than growth in the State of Virginia, which experienced a gain of 5.2 percent since the 2nd Quarter of 2001. The gains felt were greater than than the gain experienced overall in the US of 2.6 percent.

The Charlottesville Metro Area: Five-Year Percentage Growth in Employment

The General rental centers industry has experienced the largest percentage growth, expanding by 83.9 percent from 2001 to 2006. This industry in Charlottesville has grow faster than the industry job growth experienced in Virginia, where the industry felt a loss of 10.5 percent. The General rental centers industry in Charlottesville outpaced the nation in terms of industry employment growth . During this period, the nation lost 14.8 percent of the industry employment.

Top 5 Industries
1. General rental centers (83.9 percent gain)
2. Building foundation and exterior contractors (32.1 percent gain)
3. Other specialty trade contractors (28.9 percent gain)
4. Residential building construction (27.8 percent gain)
5. Office supplies, stationery, and gift stores (23.4 percent gain)

Given the 12 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 4 reported job growth in the duration of the last five years and 8 industry sectors accounting for employment declines during that time period.

In the Charlottesville, VA metro area, the entire sum of jobs in all of the industries has increased by 4,561 jobs between mid-2001 and mid-2006.

Total Five-Year Employment Decline in the Charlottesville Metro Area

From of the area's 4-digit NAICS industries, the Personal care services industry witnessed the largest drop in employment, losing a total of 9 jobs in that time period. The declines in the Personal care services industry make up 36.1 percent of the total job loss in Charlottesville, VA.

Top 5 Industries
1. Personal care services (9 jobs lost)
2. Gasoline stations (6 jobs lost)
3. Jewelry, luggage, and leather goods stores (5 jobs lost)
4. Civic and social organizations (5 jobs lost)
5. Direct selling establishments (139 jobs lost)

Total Five-Year Employment Growth in the Charlottesville Metro Area

From the industries (4-digit NAICS) in the area, the Full-service restaurants industry has grown the most with 545 jobs added during the time period. These new jobs in the Full-service restaurants industry makes up 36.0 percent of the growth in Charlottesville.

Top 4 Industries
1. Full-service restaurants (545 new jobs)
2. Residential building construction (356 new jobs)
3. Other specialty trade contractors (165 new jobs)
4. Building foundation and exterior contractors (161 new jobs)

 

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