Friday, March 09, 2007

In Montgomery County, jobs in the scientific research and development services pay the highest wages


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Employment in the scientific research and development services industry paid the average highest wages in Montgomery County for 2006. The average industry job in Montgomery County earned an annual wage of $74,812 in 2nd quarter of 2006. The wage rate is less than the industry pay the State of Virginia of $84,398 and less than then the wage for jobs in this industry at the United States Level of $81,871.

High-wage employment in Montgomery County, Virginia are present in software publishers ($65,617), offices of physicians ($65,148), electronic instrument manufacturing ($60,412) and computer systems design and related services ($54,384) industries. Note: Click Graph Above for Detail Comparison

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.

Tuesday, February 27, 2007

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


(Click Image to Enlarge Graph)



The average total wages in all industries in Montgomery County, Virginia can be described as medium-high when analyzed with other Counties in the state. The overall wages are 28.6 percent lower than the state, which was reported to be $42,126. The overall industry wage was less than the US average pay 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

Montgomery County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Montgomery County

The Full-service restaurants industry has accounted the most employment growth with a total of 361 employees finding new jobs in the industry. The employment growth in the Full-service restaurants industry makes up 15.5 percent of the total number of new jobs in Montgomery County.

Top 5 Industries
1. Full-service restaurants (361 new jobs)
2. Employment services (185 new jobs)
3. Building material and supplies dealers (139 new jobs)
4. Residential building construction (131 new jobs)
5. Offices of other health practitioners (120 new jobs)

Out of the 71 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 24 described an expansion of jobs throughout the time period, while 46 industries reported a drop in employment.

In Montgomery County, Virginia, the total number of jobs throughout all industries has increased by 1,662 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Decline in Montgomery County

From of the area's 4-digit NAICS industries, the Limited-service eating places industry has lost the most employment with a total loss of 338 jobs in that time period. The declines in the Limited-service eating places industry make up 25.7 percent of the jobs lost during the period in Montgomery County, Virginia.

Top 5 Industries
1. Limited-service eating places (338 jobs lost)
2. Motor vehicle parts manufacturing (225 jobs lost)
3. Computer systems design and related services (131 jobs lost)
4. Gasoline stations (111 jobs lost)
5. Electronics and appliance stores (78 jobs lost)

The total number of jobs has increased by 6.5 percent since the 2nd Quarter figures of 2001. This change is greater than growth in Virginia, experiencing a gain of 5.2 percent since the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain reported at the US level of 2.6 percent.

Montgomery County Five-Year Percentage Decline in Employment

The Machine shops and threaded product mfg. industry has lost the largest percent of jobs, losing 59.7 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 industry reported a loss of 10.9 percent. The losses in the Machine shops and threaded product mfg. industry in Montgomery County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 0.4 in percent of jobs in the Machine shops and threaded product mfg. industry.

Top 5 Industries
1. Machine shops and threaded product mfg. (59.7 percent decline)
2. Travel arrangement and reservation services (49.2 percent decline)
3. Electronics and appliance stores (46.8 percent decline)
4. Private households (33.7 percent decline)
5. Computer systems design and related services (26 percent decline)

Montgomery County Five-Year Percentage Growth in Employment

The Home health care services industry has gone through the largest job growth by percent, increasing by 234.4 percent from 2001 to 2006. This industry in Montgomery County has expanded faster than the growth seen in the industry for Virginia, where the industry took a gain of 39 percent. The Home health care services industry in Montgomery County outpaced the United States, which experienced a gained 36.8 percent.

Top 5 Industries
1. Home health care services (234.4 percent gain)
2. Motor vehicle and parts merchant wholesalers (191.8 percent gain)
3. Commercial machinery repair and maintenance (173.2 percent gain)
4. Elementary and secondary schools (137.8 percent gain)
5. General freight trucking (136.0 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.

Monday, January 22, 2007

Montgomery County One-Year Industry Employment Change

Of the 80 industries with industry data reported by the BLS in each quarter, 33 described an expansion of jobs throughout the time period, while 44 industries reported employment loss in the period.

Total One-Year Employment Growth in Montgomery County

From the industries (4-digit NAICS) in the area, the Employment services industry has accounted the most employment growth with a total of 91 employees finding new jobs in the industry. The employment growth in the Employment services industry makes up 13.4 percent of the total number of new jobs in Montgomery County.

Top 5 Industries
1. Employment services (91 new jobs)
2. Electronic markets and agents and brokers (85 new jobs)
3. Scientific research and development services (70 new jobs)
4. Clothing stores (54 new jobs)
5. Architectural and engineering services (35 new jobs)

In Montgomery County, Virginia, the total number of jobs throughout all industries has decreased by 269 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Decline in Montgomery County

From of the area's 4-digit NAICS industries, the Automobile dealers industry experienced most substantial job loss, losing 109 jobs during the time period. The jobs lost in the Automobile dealers industry make up 17.4 percent of the total job loss in Montgomery County, Virginia.

Top 5 Industries
1. Automobile dealers (109 jobs lost)
2. Motor vehicle parts manufacturing (65 jobs lost)
3. Computer systems design and related services (47 jobs lost)
4. Other general merchandise stores (43 jobs lost)
5. Nonresidential building construction (30 jobs lost)

Employment for all industries has decreased by 1 percent since the 2nd Quarter figures of 2005. This change is greater than percent in the State of Virginia, experiencing a gain of 1.9 percent since the 2nd Quarter of 2005. The losses felt were greater than than the gain reported at the US level of 2.0 percent.

Montgomery County One-Year Percentage Growth in Employment

The General freight trucking industry has gone through the largest job growth by percent, increasing by 69.8 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Montgomery County has increased employment faster than the industry job growth experienced in Virginia, where the industry felt a gain of 0.5 percent. The General freight trucking industry in Montgomery County outpaced the United States, which experienced a gained 2.3 percent of the employment in this industry.

Top 5 Industries
1. General freight trucking (69.8 percent gain)
2. Electronic markets and agents and brokers (61.1 percent gain)
3. Investigation and security services (47.8 percent gain)
4. Employment services (37.1 percent gain)
5. Social advocacy organizations (28.9 percent gain)

Montgomery County One-Year Percentage Decline in Employment

The Nonresidential building construction industry has lost the largest percent of jobs, losing 26.1 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has felt in the State of Virginia, where the industry felt a gain of 9.9 percent. The losses in the Nonresidential building construction industry in Montgomery County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 6.1 in percent of workers in the Nonresidential building construction industry.

Top 5 Industries
1. Nonresidential building construction (26.1 percent decline)
2. Commercial machinery repair and maintenance (25.3 percent decline)
3. Offices of real estate agents and brokers (24.7 percent decline)
4. Death care services (16 percent decline)
5. Automobile dealers (13.7 percent decline)





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.

Thursday, January 11, 2007

Income and Poverty in Montgomery County, Virginia

As the median household income witnessed a decline from 2000 to 2005 in Montgomery County, Virginia, the Race/Ethnicity group that went through the most dramatic decline in household income was the American Indian and Alaska Native category. This category saw a decline of 1993594.6 percent since 2000. The Hispanic population group was least impacted by the household income decline in Montgomery County, experiencing a 105.1 percent increase in median household income from 2000 to 2005.

Compared to other counties (and parishes) throughout the nation, Montgomery County was reported to have a medium-low household income of $37,826 (2005 Dollars). This median is 44.4 percent lower than the median in Virginia of $54,612 and the median is 29.9 percent lower than the median household income in the United States of $49,133.

The American Indian and Alaska Native households in Montgomery County reported a median household income of $33,442, this was 11.6 percent less than the median level for total households in the area. The Asian headed households reported median household incomes of $19,069. This household income level is 49.6 percent less than the all households reported median in the area. Hispanic in Montgomery County, Virginia , according to the 2000 census, had a median household income of $29,789, this median household income is 21.2 percent less than reported value of the areas total household median income for all households. In Montgomery County, Virginia White householders had a median household income (in 2005 Dollars) of $39,638 as reported in 2000 by the census, which was 4.8 percent greater than the median in the year 2000. Black or African American headed households had median income levels that were 24 percent less than the total 2000 reported median, with a their median reported to be $28,735.

The poverty rate in Montgomery County, Virginia has declined by 1.3 percent since the amounts published in 2000, moving from 23.2 percent to 21.9 percent.

Evaluated with other counties (or parishes) across the nation, Montgomery County, Virginia can be understood to have a relatively high poverty rate amongst the population, with a poverty rate of 23.2 percent of the individuals existing in families with incomes under the poverty level in 1999. The Asian race/ethnicity population category, holds the highest rate of poverty with 48.4 percent of the 2000 residents living in poverty. People aged 18 to 64 years have the largest percent of population in poverty in Montgomery County, reporting 27.3 percent of this age cohort living in poverty.

The household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $37,051, posting a 2 percent decline. Montgomery County, Virginia, when comparing total percent of decline, ranks 9 of 11 counties in percent of decline for income levels in the State of Virginia. Montgomery County ranks 601 of 668 counties (or parishes) when analyzing the decline in median income level for the United States.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Wednesday, December 20, 2006

Higher Education in Montgomery County, Virginia

In Montgomery County, Virginia according to the Decennial Census of 2000, 34.2 percent of the White Alone, 29.6 percent of Black or African American, 85.6 percent of the Asian alone and 37.8 percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.

From the year 2000, Montgomery has increased in the population percent with a Bachelors Degree or Higher. This population percent has grown by 12.6 percent to a total of 48.4 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the State of Virginia percent of 33.2 and greater than the national percent of 27.2.

From 2000 to 2005, the percent of the male population that can be considered highly educated has increased by 10.6 percent. By 2005, 49.6 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has increased by a total of 14.4 percent. By the year 2005, a total of 47.2 percent of the female population had achieved this level of education.

The 2000 Decennial Census reported that in Montgomery County, Virginia, the most common level of education achieved in the area for the male population is the Bachelors Degree or Higher category, with 39.2 percent receiving this level of education. The women in Montgomery have achieved a lower level of higher education (Bachelors or Higher) than men -- 39.2 percent (Men) versus 32.8 percent (Women). A high proportion of the female population in the area has reached the Bachelors Degree or Higher category, with 32.8 percent of the areas female population attaining this level of education.

Montgomery County, Virginia has a very highly-educated population of the working age, with 35.8 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2000 Decennial Census. Montgomery is reported having a higher percent of the population with at least a Bachelors than the State of Virginia's proportion of 29.4 percent and a higher percent than the national average of 24.4 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Wednesday, November 29, 2006

Demographic Profile for Montgomery County, Virginia

In terms of total land area, Montgomery spans a total of 388 total square miles. The area has a medium-high population density of 217 persons per square mile, in 2005. Similar counties, in terms of density, in the US include: -- more densely populated -- Rock, WI (219 per sq. mile ), Pitt, NC (219 per sq. mile ), Chemung, NY (219 per sq. mile ), -- less densely populated -- Lee, NC (217 per sq. mile ), Clark, NV (216 per sq. mile ), Shelby, AL (216 per sq. mile ).

Montgomery County, Virginia has a population that is comprised of 88.2 percent White, 3.8 percent African American, 4.7 percent Asian, and 1.9 percent Hispanic. The population mix can be considered to have a modest amount of racial and ethnic diversity, with 10.4 percent of minorities in the 2005 population base. This is less than the State of Virginia percent of 30. Since 2000, Montgomery has increased the percent of minority makeup when 9.5 percent of the population was made up of minorities.

In the year 2005, the population division of U.S. Census Bureau estimates the median age in Montgomery County, Virginia to be 25.8 years of age. The median in Montgomery is less than the median age for the State of Virginia of 37.2. Since the year 2000, the area has seen a decline in the median age, at that time the median was 25.9 years old. With a total of 15.9 percent of the population in the year 2005 being made up of individuals less than 18 years old, Montgomery can be described as having a relatively low percent of people under 18. The 18 to 64 years old population group has a relatively high representation within the estimated 2005 area population, making up 75 percent of the population falling in this age category. The retirement (65 and over) group makes up 9.1 percent of the population in the area. When compared to other counties throughout the United States, this represents a relatively low percent of the population base.

Montgomery County, Virginia had a population of 84,303 for the year 2005. The total population has increased, since its 2000 population of 83,620. This growth represents an increase of 0.8 percent. Montgomery ranks 57 of 134 counties when analyzing total population change in Virginia and the county ranks 1,273 of 3,141 counties in terms of population growth in the United States.

Since 2000, a very high number of individual migrated to the Montgomery from another country. The international migration into Montgomery totals 1.6 percent of all immigration into Virginia. This percent of international migration is very high when comparing levels of immigration per population in 2005.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Monday, November 13, 2006

Housing Report for Montgomery County, Virginia

In the State of Virginia, Montgomery County ranks 53 of 134 by percentage growth in residential real estate. The county is positioned 641 of 3,141, in terms of residential real estate percentage change change in the United States.

In Montgomery County, there were a total of 35,119 housing structures in 2005. The area has seen growth in housing units, adding a total of 2,055 housing units since the year 2001, or 6.2 percent.

Montgomery County has a medium proportion of residential real estate that is high priced. In 2005, the American Community Survey reported that 2.5 percent residential property is valued over $500k.

There seems to be a fair amount of affordable housing in Montgomery County, Virginia. In 2005, 36.5 percent of housing was valued under $125k.

Montgomery County had a median home value in the year 2005 of $147,000, published by the American Community Survey. This value is less than the overall State of Virginia 2005 median home value of $212,300 and less than median home value of $167,500 for the United States in the same year.

The residential home values in Montgomery County, Virginia have seen large increases from the housing values in 2000. The residential values have increased by $32,400, or 28.3 percent, from their 2000 value of $114,600.

Data Source: U.S. Census Bureau

Tuesday, October 31, 2006

Employment Report for Montgomery County, Virginia -- Annual 2005 Industry Summary

In Montgomery County, Manufacturing, Accommodation and food services and Retail Trade are the three industries with the highest location quotients. The Manufacturing industry has an LQ of 1.5. This means the percent of total employment in the Manufacturing sector is 1.5 times greater than the US average, showing signs that Montgomery may be an exporter of products or services of Manufacturing.

In Montgomery County, Manufacturing, Retail Trade, and the Accommodation and food services industries have the largest percent of jobs of all industries. The Manufacturing provides the most jobs and contributes 19.2 percent of all jobs throughout the county, totaling 5,211 jobs. The Retail Trade and Accommodation and food services sectors account for 18.3 and 13.8 percent of total employment, respectively.

Manufacturing has the largest employers in Montgomery County, with the industry averaging 78 workers per each place of employment, being greater than the industry's average in the United States of 39 and greater than the Virginia average establishment size of 48 for the Manufacturing industry.

Educational services has seen the highest growth in employment from the years 2001-2005 in Montgomery County, increasing in size by 118.7 percent. This is greater than the change in industry employment in the United States of 13.8 percent. The State of Virginia felt a shift in employment in the industry of 21 percent, during the period.









Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).

 

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