Monday, January 22, 2007

Marshall County One-Year Industry Employment Change

Marshall County One-Year Percentage Decline in Employment

The Residential building construction industry has lost the largest amount of employment in terms of percentage, losing 43.5 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the West Virginia, where the industry felt a loss of 1.5 percent. The losses in the Residential building construction industry in Marshall County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 5.5 percent in terms of employees in the Residential building construction industry.

Top 5 Industries
1. Residential building construction (43.5 percent decline)
2. Other specialty trade contractors (43.2 percent decline)
3. Lessors of real estate (39.8 percent decline)
4. Services to buildings and dwellings (17.6 percent decline)
5. Automotive repair and maintenance (16.8 percent decline)

Marshall County One-Year Percentage Growth in Employment

The Building finishing contractors industry has witnessed the largest percentage of employment expansion, increasing by 124.8 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Marshall County has added employment faster than the growth seen in the industry for West Virginia, where the industry felt a loss of 3.5 percent. The Building finishing contractors industry in Marshall County outpaced the US in terms of percent growth of industry employment. During this period, the US gained 5.4 percent in this industry.

Top 5 Industries
1. Building finishing contractors (124.8 percent gain)
2. Architectural and engineering services (106.3 percent gain)
3. Civic and social organizations (50.0 percent gain)
4. Private households (43.8 percent gain)
5. Electronic markets and agents and brokers (21.1 percent gain)

Total industry employment has decreased by 1.4 percent since the 2nd Quarter figures of 2005. This change is greater than percent in West Virginia, which went through a gain of 1.6 percent from the 2nd Quarter of 2005. The losses felt were greater than than the gain reported at the US level of 2.0 percent.

Total One-Year Employment Growth in Marshall County

Of the industries (4-digit NAICS) in the area, the Building finishing contractors industry has brought the most jobs with a total of 47 total jobs brought in during the period. The growth in the Building finishing contractors industry makes up 26.1 percent of the total number of new jobs in Marshall County.

Top 5 Industries
1. Building finishing contractors (47 new jobs)
2. Limited-service eating places (20 new jobs)
3. Offices of physicians (18 new jobs)
4. Building equipment contractors (15 new jobs)
5. Building foundation and exterior contractors (14 new jobs)

In Marshall County, West Virginia, the aggregate employment for all industry sectors has decreased by 126 jobs from mid-2005 to mid-2006.

Given the 34 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 17 described an expansion of jobs throughout the time period, while 16 industries reported a drop in employment.

Total One-Year Employment Decline in Marshall County

Given the industries in the area, the Basic chemical manufacturing industry experienced most substantial job loss, losing 75 jobs during the time period. The jobs lost in the Basic chemical manufacturing industry make up 29.4 percent of the total job loss in Marshall County, West Virginia.

Top 5 Industries
1. Basic chemical manufacturing (75 jobs lost)
2. Other specialty trade contractors (43 jobs lost)
3. Residential building construction (40 jobs lost)
4. Gasoline stations (20 jobs lost)
5. Full-service restaurants (19 jobs lost)





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.

 

About - © 2007 Ecanned.com  - Contact