Saturday, February 24, 2007

Addison County Five-Year Industry Employment Change

Employment for all industries has increased by 4 percent from 2001 (2nd Quarter). These figures are greater than growth in the State of Vermont, experiencing a gain of 0.3 percent since the 2nd Quarter of 2001. The gains were greater than than the gain seen for the United States of 2.6 percent.

Addison County Five-Year Percentage Decline in Employment

The Private households industry has lost the largest amount of employment in terms of percentage, losing 66.1 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 has experienced in the State of Vermont, where the it saw a loss of 54.2 percent. The losses in the Private households industry in Addison County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 19.8 in percent of jobs in the Private households industry.

Top 5 Industries
1. Private households (66.1 percent decline)
2. Nonmetallic mineral mining and quarrying (61.9 percent decline)
3. Electronics and appliance stores (57.8 percent decline)
4. Other financial investment activities (57.1 percent decline)
5. Logging (51.4 percent decline)

Addison County Five-Year Percentage Growth in Employment

The Activities related to real estate industry has gone through the largest job growth by percent, increasing by 166.7 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Addison County has increased employment faster than the growth seen in the industry for Vermont, where the industry took a gain of 12.4 percent. The Activities related to real estate industry in Addison County outpaced the United States, which experienced a gained 19 percent in this industry.

Top 5 Industries
1. Activities related to real estate (166.7 percent gain)
2. Other motor vehicle dealers (137.0 percent gain)
3. Clothing stores (116.0 percent gain)
4. Other amusement and recreation industries (107.1 percent gain)
5. Used merchandise stores (93.8 percent gain)

Out of the 74 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 31 accounted an for increase in employment during the period and 42 industries reported a drop in employment.

In Addison County, Vermont, the total number of workers for all sectors has increased by 482 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Growth in Addison County

Out of the 4-digit NAICS industries, the Grocery stores industry has accounted the most employment growth with a total of 153 jobs added during the time period. These new jobs in the Grocery stores industry makes up 19.4 percent of the total growth in Addison County.

Top 5 Industries
1. Grocery stores (153 new jobs)
2. Cattle ranching and farming (57 new jobs)
3. Lawn and garden equipment and supplies stores (53 new jobs)
4. Building equipment contractors (48 new jobs)
5. Child day care services (39 new jobs)

Total Five-Year Employment Decline in Addison County

Given the industries in the area, the Private households industry experienced most substantial job loss, losing 132 jobs in that time period. The declines in the Private households industry make up 23.9 percent of the total job loss in Addison County, Vermont.

Top 5 Industries
1. Private households (132 jobs lost)
2. Nonresidential building construction (82 jobs lost)
3. Nonmetallic mineral mining and quarrying (37 jobs lost)
4. Office supplies, stationery, and gift stores (26 jobs lost)
5. Misc. nondurable goods merchant wholesalers (22 jobs lost)





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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