Employment for all industries has decreased by 2.7 percent since the 2nd Quarter figures of 2001. This change is greater than percent in Virginia, which experienced a gain of 5.2 percent since the 2nd Quarter of 2001. The losses felt were greater than than the gain experienced overall in the US of 2.6 percent.
Norfolk city Five-Year Percentage Growth in EmploymentThe
Activities related to credit intermediation industry has experienced the largest percentage growth, expanding by 266.1 percent from 2001 to 2006. This industry in Norfolk city has expanded faster than the overall industry growth seen in the State of Virginia, where it saw a gain of 102.9 percent. The
Activities related to credit intermediation industry in Norfolk city outpaced the nation in terms of industry employment growth . During this period, the nation gained 49.5 percent in this industry.
Top 5 Industries 1. Activities related to credit intermediation (266.1 percent gain)
2. Technical and trade schools (197.9 percent gain)
3. Local messengers and local delivery (186.0 percent gain)
4. Facilities support services (184.4 percent gain)
5. Other support services (164.0 percent gain)
Norfolk city Five-Year Percentage Decline in EmploymentThe
Other heavy construction industry has lost the largest percent of jobs, losing 83.7 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Virginia, where the industry reported a gain of 20.8 percent. The losses in the
Other heavy construction industry in Norfolk city outpaced the US in terms of percent of decline of industry employment. The US lost 9.4 in percent of workers in the
Other heavy construction industry.
Top 5 Industries 1. Other heavy construction (83.7 percent decline)
2. Electronic equipment repair and maintenance (70.7 percent decline)
3. Travel arrangement and reservation services (70.7 percent decline)
4. Scheduled air transportation (69.6 percent decline)
5. Other miscellaneous manufacturing (63.9 percent decline)
Total Five-Year Employment Growth in Norfolk cityFrom the industries (4-digit NAICS) in the area, the
Architectural and engineering services industry has accounted the most employment growth with a total of 938 jobs added during the time period. These new jobs in the
Architectural and engineering services industry makes up 12.7 percent of the total growth in Norfolk city.
Top 5 Industries 1. Architectural and engineering services (938 new jobs)
2. Individual and family services (518 new jobs)
3. Facilities support services (507 new jobs)
4. Clothing stores (406 new jobs)
5. Building equipment contractors (328 new jobs)
Total Five-Year Employment Decline in Norfolk cityGiven the industries in the area, the
Management of companies and enterprises industry has lost the most employment with a total loss of 1,386 jobs in that time period. The declines in the
Management of companies and enterprises industry make up 12.4 percent of the total job loss in Norfolk city, Virginia.
Top 5 Industries 1. Management of companies and enterprises (1,386 jobs lost)
2. Scheduled air transportation (981 jobs lost)
3. Depository credit intermediation (842 jobs lost)
4. Insurance carriers (499 jobs lost)
5. Support activities for water transportation (479 jobs lost)
In Norfolk city, Virginia, the aggregate employment for all industry sectors has decreased by 3,058 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.
Out of the 133 4-digit NAICS industries, 71 accounted an for increase in employment during the period and 62 industries reported employment loss in the period.
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.