Tuesday, February 27, 2007

Richmond County Industry Wages Lag Behind Virginia, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



The overall industry wages in Richmond County, Virginia when analyzed can be described as medium-low when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 33.4 percent lower than the state, which was reported to be $42,126. The industry 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

Richmond County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Richmond County

The Other specialty trade contractors industry has added the most employment with 26 employees finding new jobs in the industry. The employment growth in the Other specialty trade contractors industry makes up 34.6 percent of the total growth in Richmond County.

Top 5 Industries
1. Other specialty trade contractors (26 new jobs)
2. Gasoline stations (17 new jobs)
3. Full-service restaurants (11 new jobs)
4. Automotive repair and maintenance (9 new jobs)
5. Auto parts, accessories, and tire stores (7 new jobs)

From the 12 4-digit NAICS industries, 6 reported job growth in the duration of the last five years and 6 industries reported a drop in employment.

Total Five-Year Employment Decline in Richmond County

Given the industries in the area, the Limited-service eating places industry experienced most substantial job loss, losing 17 jobs in that time period. The declines in the Limited-service eating places industry make up 44.4 percent of the jobs lost during the period in Richmond County, Virginia.

Top 5 Industries
1. Limited-service eating places (17 jobs lost)
2. Services to buildings and dwellings (10 jobs lost)
3. Grocery and Related Product Wholesalers (8 jobs lost)
4. Legal services (2 jobs lost)
5. Grocery and Related Product Wholesalers (12 jobs lost)

In Richmond County, Virginia, the total number of jobs throughout all industries has increased by 58 total jobs from 2001 to 2006.

Total employment has increased by 3 percent since the 2nd Quarter of 2001. This is less than percent in Virginia, which experienced a gain of 5.2 percent since the 2nd Quarter of 2001. The gains were greater than than the gain felt at the national level of 2.6 percent.

Richmond County Five-Year Percentage Growth in Employment

The Other specialty trade contractors industry has seen the largest percentage job growth, expanding by 188.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Richmond County has grow faster than the industry has grown in the State of Virginia, where it saw a gain of 37.9 percent. The Other specialty trade contractors industry in Richmond County outpaced the United States, which experienced a gained 22.3 percent.

Top 5 Industries
1. Other specialty trade contractors (188.1 percent gain)
2. Automotive repair and maintenance (103.7 percent gain)
3. Full-service restaurants (82.5 percent gain)
4. Gasoline stations (74.3 percent gain)
5. Accounting and bookkeeping services (62.5 percent gain)

Richmond County Five-Year Percentage Decline in Employment

The Services to buildings and dwellings industry has seen the largest percentage drop in employment, losing 53.6 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has gone through in the Virginia, where the industry reported a gain of 11.5 percent. The losses in the Services to buildings and dwellings industry in Richmond County outpaced the United States industry losses overall. During this period, the United States gained 11 percent in terms of employment in the Services to buildings and dwellings industry.

Top 5 Industries
1. Services to buildings and dwellings (53.6 percent decline)
2. Grocery and Related Product Wholesalers (28.4 percent decline)
3. Legal services (16.3 percent decline)
4. Limited-service eating places (15.6 percent decline)
5. Florists (2.9 percent decline)





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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