Monday, January 22, 2007

Addison County One-Year Industry Employment Change

Total employment has increased by 4.7 percent from 2005 (2nd Quarter). These figures are greater than growth in the State of Vermont, which experienced a gain of 0.5 percent from 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.

Addison County One-Year Percentage Growth in Employment

The Educational support services industry has seen the largest percentage job growth, expanding by 240.9 percent from 2005 to 2006. This industry in Addison County has expanded faster than the growth seen in the industry for Vermont, where the industry felt a loss of 5.5 percent. The Educational support services industry in Addison County outpaced the nation in terms of industry employment growth . During this period, the nation gained 11.1 percent.

Top 5 Industries
1. Educational support services (240.9 percent gain)
2. Other motor vehicle dealers (77.8 percent gain)
3. Used merchandise stores (47.6 percent gain)
4. Beer, wine, and liquor stores (39.1 percent gain)
5. Other wood product manufacturing (35.6 percent gain)

Addison County One-Year Percentage Decline in Employment

The Florists industry has lost the largest percent of jobs, losing 37.7 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has gone through in the Vermont, where the industry sector experienced a loss of 7.1 percent. The losses in the Florists industry in Addison County outpaced the US in terms of percent of decline of industry employment. The US lost 4.2 percent in terms of employment in the Florists industry.

Top 5 Industries
1. Florists (37.7 percent decline)
2. Consumer goods rental (35.6 percent decline)
3. Death care services (23.2 percent decline)
4. Lessors of real estate (22.6 percent decline)
5. Book, periodical, and music stores (20.8 percent decline)

Out of the 82 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 31 reported job growth in the duration of the year and 45 industries reported a drop in employment.

In Addison County, Vermont, the total number of jobs throughout all industries has increased by 572 total jobs from 2005 to 2006.

Total One-Year Employment Decline in Addison County

From of the area's 4-digit NAICS industries, the Grocery stores industry faced the greatest employment loss with a total loss of 25 jobs. The declines in the Grocery stores industry make up 12.6 percent of the jobs lost during the period in Addison County, Vermont.

Top 5 Industries
1. Grocery stores (25 jobs lost)
2. Gasoline stations (19 jobs lost)
3. Consumer goods rental (16 jobs lost)
4. Residential building construction (15 jobs lost)
5. Private households (14 jobs lost)

Total One-Year Employment Growth in Addison County

The Limited-service eating places industry has grown the most with 53 total jobs brought in during the period. The growth in the Limited-service eating places industry makes up 14.6 percent of the growth in Addison County.

Top 5 Industries
1. Limited-service eating places (53 new jobs)
2. Educational support services (35 new jobs)
3. Building material and supplies dealers (32 new jobs)
4. Nonresidential building construction (25 new jobs)
5. Other wood product manufacturing (19 new jobs)





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 Addison County, Vermont

When compared to other counties (and parishes) throughout the United States, Addison County reported a relatively high median income for all households of $50,476 (2005 Dollars). This median is 5.3 percent higher than the median in Vermont of $47,802 and the median household income is 2.7 percent higher than the median household income in the United States of $49,133.

The American Indian and Alaska Native headed households in Addison County reported an income level of $33,847, this level was 32.9 percent less than the median for all households. Black or African American householders reported a median household income that was 54.2 percent less than the total 2000 reported median, with a their median reported to be $23,108. Hispanic households in Addison County, Vermont recorded a median income of $43,387, this median is 14 percent less than the median reported for all households in the area. In Addison County, Vermont White headed households reported a median household income (2005 Dollars) of $50,595 according to the Decennial Census of 2000, which was 0.2 percent greater than the median in the year 2000. The Asian headed households reported median household incomes of $89,055. This income level is 76.4 percent greater than the all households reported median in the area.

When put side-by-side with other counties (or parishes) throughout the United States, Addison County, Vermont can be considered to have a rate of poverty among the people, accounting a rate of 8.6 percent of people living in a family with an income below the poverty level in 1999. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 46.6 percent of the people in 2000 living in poverty. The population that is aged 12 to 17 years are experiencing most percent people in poverty in Addison County, with 11.4 percent of this age group in the area living in poverty.







Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

 

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