Saturday, February 24, 2007

Henrico County Five-Year Industry Employment Change

Out of the 147 4-digit NAICS industries, 59 reported job growth in the duration of the last five years and 86 industries reported a drop in employment.

Total Five-Year Employment Growth in Henrico County

The Full-service restaurants industry has grown the most with 1,339 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 7.6 percent of the total growth in Henrico County.

Top 5 Industries
1. Full-service restaurants (1,339 new jobs)
2. Investigation and security services (990 new jobs)
3. Limited-service eating places (951 new jobs)
4. Offices of physicians (776 new jobs)
5. Depository credit intermediation (705 new jobs)

Total Five-Year Employment Decline in Henrico County

Given the industries in the area, the Nondepository credit intermediation industry experienced most substantial job loss, losing 5,495 jobs during the time period. The jobs lost in the Nondepository credit intermediation industry make up 36.3 percent of the total employment decline in Henrico County, Virginia.

Top 5 Industries
1. Nondepository credit intermediation (5,495 jobs lost)
2. Management of companies and enterprises (1,076 jobs lost)
3. Printing and related support activities (969 jobs lost)
4. Automobile dealers (672 jobs lost)
5. Scheduled air transportation (664 jobs lost)

In Henrico County, Virginia, the total number of workers for all sectors has increased by 1,664 jobs from mid-2001 to mid-2006.

Total employment has increased by 1.1 percent since the 2nd Quarter figures of 2001. This change is less than percent in Virginia, which experienced a gain of 5.2 percent from the 2nd Quarter of 2001. The gains the area experienced were less than than the gain seen for the United States of 2.6 percent.

Henrico County Five-Year Percentage Decline in Employment

The Office administrative services industry has seen the largest percentage drop in employment, losing 77.4 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has gone through in the Virginia, where the industry reported a gain of 9.7 percent. The losses in the Office administrative services industry in Henrico County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 37.6 percent in terms of employment in the Office administrative services industry.

Top 5 Industries
1. Office administrative services (77.4 percent decline)
2. Electronic shopping and mail-order houses (69.6 percent decline)
3. Highway, street, and bridge construction (62.3 percent decline)
4. Educational support services (56.9 percent decline)
5. Scheduled air transportation (54.9 percent decline)

Henrico County Five-Year Percentage Growth in Employment

The Wireless telecommunications carriers industry has gone through the largest job growth by percent, increasing by 293.8 percent from 2001 to 2006. This industry in Henrico County has added employment faster than the growth seen in the industry for Virginia, where this industry saw a loss of 11 percent. The Wireless telecommunications carriers industry in Henrico County outpaced the nation in terms of industry employment growth . During this period, the nation lost 0.9 percent of the industry employment.

Top 5 Industries
1. Wireless telecommunications carriers (293.8 percent gain)
2. Residential mental health facilities (271.3 percent gain)
3. Beer, wine, and liquor stores (250.0 percent gain)
4. Activities related to credit intermediation (237.7 percent gain)
5. Individual and family services (123.3 percent gain)





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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