In Virginia Beach city, jobs in the securities and commodity contracts brokerage pay the highest wages

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Individuals that are employed in the securities and commodity contracts brokerage industry paid the average highest wages in Virginia Beach city for 2006. The average worker in the industry in Virginia Beach city received a wage of $106,167 in 2006. The annual wage is greater than the industry pay the State of Virginia of $103,642 and less than then the pay for jobs in this industry in the United States of $138,150.

High-wage employment in Virginia Beach city, Virginia are present in computer systems design and related services ($73,039), scientific research and development services ($65,263), electronic markets and agents and brokers ($62,749) and wired telecommunications carriers ($61,602) industries. Note: Clicking the Above Graphic Displays the Detailed 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.

Virginia Beach city Wages have increased by 26.8% Since 2001

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From 2001 to 2006, average industry wages increased in Virginia Beach city, Virginia by a total of 26.8%. This is greater than the growth in wages for the State of Virginia and greater than the growth in average wages for the US.

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.

Virginia Beach city Industry Wages Lag Behind Virginia, and Wages Lag Behind the United States

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The overall industry wages in Virginia Beach city, Virginia when analyzed can be described as medium-high when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 24.8 percent lower than the state, which accounted an average of $42,126. The average pay 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.

Virginia Beach city Five-Year Industry Employment Change

Total Five-Year Employment Growth in Virginia Beach city

Of the industries (4-digit NAICS) in the area, the Full-service restaurants industry has grown the most with 2,033 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 11.7 percent of the total number of new jobs in Virginia Beach city.

Top 5 Industries
1. Full-service restaurants (2,033 new jobs)
2. Offices of physicians (1,725 new jobs)
3. Insurance carriers (1,033 new jobs)
4. Nondepository credit intermediation (880 new jobs)
5. Services to buildings and dwellings (628 new jobs)

In Virginia Beach city, Virginia, the total number of workers for all sectors has increased by 11,665 total jobs from 2001 to 2006.

From the 141 4-digit NAICS industries, 52 accounted an for increase in employment during the period and 89 industry sectors reported declines during the time period.

Total Five-Year Employment Decline in Virginia Beach city

Of the area's industries (4-digit NAICS), the Computer systems design and related services industry experienced most substantial job loss, losing 1,015 jobs during the time period. The jobs lost in the Computer systems design and related services industry make up 13.4 percent of the total employment decline in Virginia Beach city, Virginia.

Top 5 Industries
1. Computer systems design and related services (1,015 jobs lost)
2. Travel arrangement and reservation services (829 jobs lost)
3. Employment services (725 jobs lost)
4. Accounting and bookkeeping services (567 jobs lost)
5. Business support services (552 jobs lost)

Virginia Beach city Five-Year Percentage Growth in Employment

The Freight transportation arrangement industry has experienced the largest percentage growth, expanding by 446.8 percent from 2001 to 2006. This industry in Virginia Beach city has grow faster than the industry job growth experienced in Virginia, where this industry saw a loss of 10.7 percent. The Freight transportation arrangement industry in Virginia Beach city outpaced the nation in terms of industry employment growth . During this period, the nation gained 0.6 percent.

Top 5 Industries
1. Freight transportation arrangement (446.8 percent gain)
2. Individual and family services (169.5 percent gain)
3. Independent artists, writers, and performers (142.6 percent gain)
4. Remediation and other waste services (128.4 percent gain)
5. Nondepository credit intermediation (110.1 percent gain)

Virginia Beach city Five-Year Percentage Decline in Employment

The Travel arrangement and reservation services industry has seen the largest percentage drop in employment, losing 58.7 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has seen in the Virginia, where the it saw a loss of 43.2 percent. The losses in the Travel arrangement and reservation services industry in Virginia Beach city outpaced the United States industry losses overall. During this period, the United States lost 22.6 in percent of workers in the Travel arrangement and reservation services industry.

Top 5 Industries
1. Travel arrangement and reservation services (58.7 percent decline)
2. RV parks and recreational camps (56.5 percent decline)
3. Performing arts companies (52.4 percent decline)
4. Data processing and related services (49.4 percent decline)
5. Outpatient care centers (42.8 percent decline)

Total industry employment has increased by 8.3 percent from 2001 (2nd Quarter). These figures are greater than percent in the State of Virginia, experiencing a gain of 5.2 percent since 2001 ( 2nd Quarter). The gains were greater than than the gain experienced overall in the US of 2.6 percent.





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.

Virginia Beach city One-Year Industry Employment Change

Total One-Year Employment Growth in Virginia Beach city

Of the industries (4-digit NAICS) in the area, the Offices of physicians industry has added the most employment with 1,461 total jobs brought in during the period. The growth in the Offices of physicians industry makes up 22.9 percent of the total number of new jobs in Virginia Beach city.

Top 5 Industries
1. Offices of physicians (1,461 new jobs)
2. Management and technical consulting services (378 new jobs)
3. Services to buildings and dwellings (365 new jobs)
4. Grocery stores (344 new jobs)
5. Employment services (338 new jobs)

Given the 148 4-digit NAICS industries, 67 showed an escalation in the number employed, while 80 industries reported a drop in employment.

In Virginia Beach city, Virginia, the entire sum of jobs in all industries overall has increased by 3,712 jobs from mid-2005 to mid-2006.

Total One-Year Employment Decline in Virginia Beach city

From of the area's 4-digit NAICS industries, the Computer systems design and related services industry faced the greatest employment loss with a total loss of 443 jobs in that time period. The declines in the Computer systems design and related services industry make up 12.7 percent of the total employment decline in Virginia Beach city, Virginia.

Top 5 Industries
1. Computer systems design and related services (443 jobs lost)
2. Building equipment contractors (334 jobs lost)
3. Limited-service eating places (151 jobs lost)
4. Architectural and engineering services (151 jobs lost)
5. Other ambulatory health care services (136 jobs lost)

Virginia Beach city One-Year Percentage Growth in Employment

The Machine shops and threaded product mfg. industry has gone through the largest job growth by percent, increasing by 126.1 percent from 2005 to 2006. This industry in Virginia Beach city has grow faster than the overall industry growth seen in the State of Virginia, where the industry took a gain of 4.2 percent. The Machine shops and threaded product mfg. industry in Virginia Beach city outpaced the United States, which experienced a gained 3.4 percent of the industry employment.

Top 5 Industries
1. Machine shops and threaded product mfg. (126.1 percent gain)
2. Paper and paper product merchant wholesalers (65.0 percent gain)
3. Offices of physicians (51.5 percent gain)
4. Management and technical consulting services (40.0 percent gain)
5. Vegetable and melon farming (40.0 percent gain)

Employment for all industries has increased by 2.5 percent since the 2nd Quarter figures of 2005. This change is greater than growth in the State of Virginia, experiencing a gain of 1.9 percent since the 2nd Quarter of 2005. The gains the area experienced were greater than than the gain seen for the United States of 2.0 percent.

Virginia Beach city One-Year Percentage Decline in Employment

The Druggists' goods merchant wholesalers industry has lost the largest percent of jobs, losing 43.1 percent of the jobs from 2005 to 2006. These have declined faster than the industry has seen in the Virginia, where the it saw a loss of 1.7 percent. The losses in the Druggists' goods merchant wholesalers industry in Virginia Beach city outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 1.4 in percent of workers in the Druggists' goods merchant wholesalers industry.

Top 5 Industries
1. Druggists' goods merchant wholesalers (43.1 percent decline)
2. Other food manufacturing (33.2 percent decline)
3. Data processing and related services (31.1 percent decline)
4. RV parks and recreational camps (31.1 percent decline)
5. Direct selling establishments (28.8 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.

Income and Poverty in Virginia Beach city, Virginia

Compared to counties across the United States, Virginia Beach city was reported to have a relatively high median income for all households of $56,985 (Adjusted to 2005 Dollars). This is 4.2 percent higher than the median in Virginia of $54,612 and the median is 13.8 percent higher than the median in the US, which is $49,133.

In Virginia Beach city, Virginia White householders had a median household income (in 2005 Dollars) of $59,875 as reported in 2000 by the census, which was 5.1 percent greater than the median household income in 2000. Hispanic households in Virginia Beach city, Virginia recorded a median income of $49,507, which is 13.1 percent less than the median reported for all households in the area. The Asian headed households reported median household incomes of $61,455. This income level is 7.8 percent greater than the reported median for all households in the area. The American Indian and Alaska Native headed households in Virginia Beach city reported a median household income of $43,510, which was 23.6 percent less than the median level for total households in the area. Black or African American headed households had a median household income that was 19.6 percent less than the overall reported level in 2000, with a reported median of $45,830.

While the median household income saw a growth from 2000 to 2005 in Virginia Beach city, Virginia, the Race/Ethnicity group that went through the most dramatic growth in median income was the Black or African American category. This group felt an increase of 6.3 percent since 2000. The American Indian and Alaska Native population category was least influenced by the median household income growth in Virginia Beach city, experiencing a 13.2 percent decline in household income, since the reported levels in 2000.

The household income has increased from the values (adjusted for inflation) in 2000. The median has increased to $58,545, posting a 2.7 percent growth. Virginia Beach city, Virginia, in terms of percent of growth, ranks 8 of 16 counties in percent of growth for household income in Virginia. Virginia Beach city ranks 54 of 119 counties (or parishes) when comparing total percent of growth in median income in the US.

Contrasted against to other counties (or parishes) throughout the US, Virginia Beach city, Virginia can be recognized as having a poverty rate amid the residents with a poverty rate of 6.5 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 12 percent of the 2000 residents living in poverty. People aged 5 years are witness to the most percent living in poverty in Virginia Beach city, reporting 11.4 percent of this demographic group living with incomes under poverty.

The poverty rate in Virginia Beach city, Virginia has increased by 0.9 percent from the rates reported in the Decennial Census, moving from 6.5 percent to 7.4 percent.

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

Higher Education in Virginia Beach city, Virginia

From the year 2000, Virginia Beach city has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 2.8 percent to a total of 31 percent in 2005, as reported by the American Community Survey. The proportion of the 2005 population having received at least a BA is less than the 2005 State of Virginia percent of 33.2 and greater than the national percent of 27.2.

In Virginia Beach city, Virginia according to the Decennial Census of 2000, 30.4 percent of the White Alone, 18.2 percent of Black or African American, 33.4 percent of the Asian alone and 19.2 percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has increased by 3.6 percent. By the year 2005, 32.6 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 2.4 percent. By 2005, a total of 29.4 percent of the female population having received at least a Bachelors Degree.

Reported by the 2000 Census in Virginia Beach city, Virginia, the most common level of education achieved in the area for the male population is the Some College or Associates Degree category, with 36.4 percent achieving this level. The female population in Virginia Beach city have achieved a lower level of higher education (Bachelors or Higher) than men; 29.2 percent (Men) versus 27 percent (Women). The largest educational attainment category for women in this areas is Some College or Associates Degree category, with 36.4 percent of women in the area reaching this education level.

Virginia Beach city, Virginia can be considered to have a highly-educated 2000 population, with 28.2 percent of the population (+25) having received a BA or higher, as reported the 2000 Decennial Census. Virginia Beach city is reported having a lower percent of population with this high education level than the State of Virginia's proportion of 29.4 percent and a higher percent than United States proportion of 24.4 percent.

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

Housing Report for Virginia Beach city, Virginia

In Virginia Beach city, the real estate market was made up of 171,423 homes in 2005. The county has experienced a growth in housing units, adding all together 7,510 homes since 2001, or 4.6 percent.

The residential real estate values in Virginia Beach city, Virginia have increased sharply since their reported values in 2000. The values have increased by $108,200, or 87.8 percent, since 2000 when they were valued at $123,200.

The State of Virginia, Virginia Beach city stands 71 of 134 by percentage growth in residential real estate. The county is positioned 934 of 3,141, in terms of residential real estate percentage change change in the United States.

Virginia Beach city had an owner-occupied dwelling median in 2005 of $231,400, reported by the American Community Survey. This value is greater than the Virginia 2005 median home value of $212,300 and greater than median owner-occupied dwelling value of $167,500 across the United States during the same year.

There seems to be a limited amount of real estate that is affordable in Virginia Beach city, Virginia. In 2005, 11.7 percent of the homes were valued under $125,000.

Virginia Beach city has a relatively high percentage of high-priced residential real estate. In 2005, the American Community Survey reports that 11.1 percent owner-occupied dwelling are valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for -- Annual 2005 Industry Summary

In County, Real estate and rental and leasing, Professional and technical services and Accommodation and food services have the highest US LQ in 2005. The Real estate and rental and leasing sector has a United State LQ of 1.92. In other words, the percent of total jobs in the Real estate and rental and leasing industry is 1.92 times greater than the US average, showing signs that may be an exporter of products or services of Real estate and rental and leasing.

Educational services has had the highest level of job growth from 2001-2005 in County, with a job growth of 26.2 percent. This is greater than the industry employment change in the United States of 13.8 percent. The State of had changed in sector employment of 21 percent, in the period of time since 2001.

In County, Retail Trade, Accommodation and food services, and the Health care and social assistance sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade provides the most jobs and contributes 17.1 percent of the total county employment. This totals 25,400 employees. The Accommodation and food services and Health care and social assistance sectors provide 14.3 and 9.9 percent of industry employment.

Administrative and waste services saw the largest loss of employment between the years 2001-2005 in County. The industry was hit with a loss of 2,381 employees during the period, or 15.4 percent of industry's employment. The industry declines made up 52.9 percent of the total loss in employment during the period.

Management of companies and enterprises has the largest employers in County, averaging 32 workers per each place of employment, being less than the US industry average of 40 and less than the establishments size average of 50 for the Management of companies and enterprises industry.







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