Charlotte-Gastonia-Concord, NC-SC

Charlotte-Gastonia-Concord Metro Area industry wages have increased by 16.7% percent since 2001

2007-03-19T00:39:00.001-07:00

(Click Image to Enlarge Graph)

Since 2001, industry wages increased in the Charlotte-Gastonia-Concord Metro Area by a total of 16.7%. This is greater than the growth in industry wages for North Carolina and greater than the growth in average industry wages for the United States.

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.

Charlotte-Gastonia-Concord Metro Area Industry Wages Exceed North Carolina, but Wages Lag Behind the United States Industry Wages

2007-02-27T21:41:00.001-08:00

(Click Image to Enlarge Graph)

The average total wages in all industries in Charlotte-Gastonia-Concord, NC-SC can be described as relatively high when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 15.5 percent higher than the state, which accounted an average of $35,650. 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.

Charlotte-Gastonia-Concord Five-Year Industry Employment Change

2007-02-11T13:11:00.001-08:00

In the Charlotte-Gastonia-Concord, NC-SC metro area, the aggregate employment for all industry sectors has increased by 28,608 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Decline in the Charlotte-Gastonia-Concord Metro Area

From of the area's 4-digit NAICS industries, the Electric goods merchant wholesalers industry faced the greatest employment loss with a total loss of 793 jobs during the period. The employment lost in the Electric goods merchant wholesalers industry make up 39.5 percent of the jobs lost during the period in Charlotte-Gastonia-Concord, NC-SC.

Top 5 Industries
1. Electric goods merchant wholesalers (793 jobs lost)
2. General freight trucking (422 jobs lost)
3. Petroleum merchant wholesalers (267 jobs lost)
4. Metalworking machinery manufacturing (162 jobs lost)
5. Direct selling establishments (139 jobs lost)

Total Five-Year Employment Growth in the Charlotte-Gastonia-Concord Metro Area

From the industries (4-digit NAICS) in the area, the Depository credit intermediation industry has brought the most jobs with a total of 14,472 employees finding new jobs in the industry. The employment growth in the Depository credit intermediation industry makes up 29.4 percent of the total employment growth in Charlotte-Gastonia-Concord.

Top 5 Industries
1. Depository credit intermediation (14,472 new jobs)
2. Limited-service eating places (7,491 new jobs)
3. Full-service restaurants (4,046 new jobs)
4. Unclassified (2,661 new jobs)
5. Offices of physicians (2,392 new jobs)

Out of the 37 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 8 showed an escalation in the number employed, while 29 industries reported a drop in employment.

Employment for all industries has increased by 4.3 percent from 2001 (2nd Quarter). These figures are greater than percent in the State of North Carolina, experiencing a gain of 1.9 percent from the 2nd Quarter of 2001. The gains felt were greater than than the gain felt at the national level of 2.6 percent.

The Charlotte-Gastonia-Concord Metro Area: Five-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 3094.2 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Charlotte-Gastonia-Concord has increased employment faster than the industry job growth experienced in North Carolina, where this industry saw a gain of . percent. The Unclassified industry in Charlotte-Gastonia-Concord outpaced the national average, which felt a gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (3094.2 percent gain)
2. Depository credit intermediation (150.0 percent gain)
3. Community care facilities for the elderly (68.3 percent gain)
4. Other schools and instruction (53.5 percent gain)
5. Home furnishings stores (46.2 percent gain)

The Charlotte-Gastonia-Concord Metro Area: Five-Year Percentage Decline in Employment

The Petroleum merchant wholesalers industry has lost the biggest percent of jobs, losing 35.6 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of North Carolina, where the industry felt a loss of 14.7 percent. The losses in the Petroleum merchant wholesalers industry in Charlotte-Gastonia-Concord outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 9.9 in percent of workers in the Petroleum merchant wholesalers industry.

Top 5 Industries
1. Petroleum merchant wholesalers (35.6 percent decline)
2. Electric goods merchant wholesalers (26.5 percent decline)
3. Direct selling establishments (19.4 percent decline)
4. Metalworking machinery manufacturing (12.4 percent decline)
5. Commercial machinery repair and maintenance (5.8 percent decline)

Charlotte-Gastonia-Concord One-Year Industry Employment Change

2007-01-24T08:57:00.000-08:00

The Charlotte-Gastonia-Concord Metro Area: One-Year Percentage Decline in Employment

The Data processing and related services industry has seen the largest percentage drop in employment, losing 46.4 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has gone through in the North Carolina, where the industry reported a loss of 28 percent. The losses in the Data processing and related services industry in Charlotte-Gastonia-Concord outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 0.3 in percent of workers in the Data processing and related services industry.

Top 5 Industries
1. Data processing and related services (46.4 percent decline)
2. Glass and glass product manufacturing (37.7 percent decline)
3. Textile furnishings mills (32.4 percent decline)
4. Facilities support services (32.1 percent decline)
5. Resin, rubber, and artificial fibers mfg. (31.2 percent decline)

Employment for all industries has increased by 3.8 percent from 2005 (2nd Quarter). These figures are greater than growth in North Carolina, which saw a gain of 2.7 percent from the 2nd Quarter of 2005. The gains in the area were greater than than the gain felt at the national level of 2 percent.

The Charlotte-Gastonia-Concord Metro Area: One-Year Percentage Growth in Employment

The Postal service industry has witnessed the largest percentage of employment expansion, increasing by 507.7 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Charlotte-Gastonia-Concord has added employment faster than the industry has grown in the State of North Carolina, where this industry saw a gain of 54.7 percent. The Postal service industry in Charlotte-Gastonia-Concord outpaced the national average, which felt a gained 10.5 percent.

Top 5 Industries
1. Postal service (507.7 percent gain)
2. Other ground passenger transportation (140.7 percent gain)
3. Office furniture and fixtures manufacturing (65.2 percent gain)
4. Support activities for air transportation (62.3 percent gain)
5. Cutlery and handtool manufacturing (44.9 percent gain)

Total One-Year Employment Growth in the Charlotte-Gastonia-Concord Metro Area

Out of the 4-digit NAICS industries, the Depository credit intermediation industry has accounted the most employment growth with a total of 1,926 new jobs created in the period. The job growth in the Depository credit intermediation industry makes up 8.5 percent of the total growth in Charlotte-Gastonia-Concord.

Top 5 Industries
1. Depository credit intermediation (1,926 new jobs)
2. Building equipment contractors (1,825 new jobs)
3. Full-service restaurants (1,671 new jobs)
4. Limited-service eating places (1,504 new jobs)
5. Services to buildings and dwellings (1,447 new jobs)

In the Charlotte-Gastonia-Concord, NC-SC metro area, the total number of workers for all sectors has increased by 25,424 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Out of the 137 4-digit NAICS industries, 49 reported job growth in the duration of the year and 88 industry sectors reported declines during the time period.

Total One-Year Employment Decline in the Charlotte-Gastonia-Concord Metro Area

Given the industries in the area, the Data processing and related services industry experienced most substantial job loss, losing 5,325 jobs during the time period. The jobs lost in the Data processing and related services industry make up 46.2 percent of the employment lost during the period in Charlotte-Gastonia-Concord, NC-SC.

Top 5 Industries
1. Data processing and related services (5,325 jobs lost)
2. Scheduled air transportation (788 jobs lost)
3. Rubber product manufacturing (573 jobs lost)
4. Freight transportation arrangement (547 jobs lost)
5. Textile furnishings mills (503 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.

Income and Poverty in Charlotte-Gastonia-Concord, NC-SC

2007-01-11T14:29:00.000-08:00

The poverty rate in the Charlotte-Gastonia-Concord, NC-SC Metro has increased by 2.6 percent since the 2000 rates, moving from 9.3 percent to 11.9 percent.

Compared to other MSAs throughout the nation, the Charlotte-Gastonia-Concord metro area had a relatively high median income for households of $53,959 (Adjusted to 2005 Dollars). This figure is 15 percent higher than the median in State of North Carolina of $45,845 and the median is 8.9 percent higher than the median for the rest of the nation, which is a reported $49,133.

Black or African American headed households had median income levels that were 28.3 percent less than the total 2000 reported median, with a their median reported to be $38,664. It was reported in 2000 that the Asian headed households had median household incomes of $63,109. This income level is 17 percent greater than the all households reported median in the area. Hispanic headed households in Charlotte-Gastonia-Concord, NC-SC , according to the 2000 census, had a median household income of $43,619, this median household income is 19.2 percent less than the median reported for all households in the area. The American Indian and Alaska Native households in Charlotte-Gastonia-Concord reported a median household income of $44,241, which was 18 percent less than the areas median level for all households. In Charlotte-Gastonia-Concord, NC-SC White headed households reported household income (in 2005 Dollars) of $58,913 as reported by the Decennial Census of 2000, which was 9.2 percent greater than the median in 2000.

As the median household income witnessed a decline during the period of 2000 to 2005 in the Charlotte-Gastonia-Concord, NC-SC metro area, the Race/Ethnicity category that saw the sharpest decline in the household income level was the Hispanic Race/Ethnicity category. This category went through a decline of 38.4 percent in the last five years. The Asian population category was least influenced by the median household income decline in Charlotte-Gastonia-Concord, experiencing a 35.4 percent increase in household income level, since the year 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Charlotte-Gastonia-Concord metro area can be recognized as having a rate of poverty among the people, accounting a rate of 9.3 percent of people living in a family with an income below the poverty level in 1999. The Hispanic race/ethnicity population cohort, has the uppermost poverty rate with 24.1 percent of the people in 2000 living in poverty. The population that is aged 5 years have the largest percent of population in poverty in Charlotte-Gastonia-Concord, having 14.1 percent of this age group in the area living in poverty.

The household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $47,104, representing a 12.7 percent decline. The Charlotte-Gastonia-Concord, NC-SC MSA, in terms of percentage of decline, ranks 6 of 10 metro area in percent of decline for household income in North Carolina. Charlotte-Gastonia-Concord ranks 45 of 233 metro area when comparing total percent of decline in median income in the US.

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

Higher Education in the Charlotte-Gastonia-Concord, NC-SC Metro Area

2006-12-19T18:27:00.000-08:00

In the Charlotte-Gastonia-Concord, NC-SC Metro Area according to the American Community Survey of 2005, 33.8 percent of the White Alone, 19.2 percent of Black or African American, 41.8 percent of the Asian alone and 13.8 percent of the Hispanic or Latino (+25) population has achieved at least a Bachelors Degree.

Charlotte-Gastonia-Concord, NC-SC Metro Area has a highly-educated working age population, with 30.4 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Charlotte-Gastonia-Concord MSA was reported to have a higher percent of highly educated individuals than the State of North Carolina's proportion of 25.2 percent and a higher percent than the US proportion of 27.2 percent.

From 2000, the Charlotte-Gastonia-Concord metro area has increased in the percent of the total population (+25) with a BA or Higher. The portion of this population has grown by 4.0 percent to a total of 30.4 percent in 2005. According to the American Community Survey, the proportion of the population in 2005 with a BA or Higher is greater than the 2005 State of North Carolina percent of 25.2 and greater than the US percent of 27.2.

Between 2000 and 2005, the percent of the male population that can be understood as highly educated has increased by 3.8 percent. As reported in 2005, 31.8 percent of total male population (over 25), in this area, held at least a Bachelors Degree. At the same time, the percent of women (over 25) holding a BA or higher has increased by a total of 4.0 percent. By 2005, a total of 29 percent of the total female population achieved this high level of education.

In 2005, the American Community Survey reported that in the Charlotte-Gastonia-Concord, NC-SC Metro Area, the most common level of education achieved in the area for the male population is the Bachelors Degree or Higher category, with 31.8 percent obtaining this level of education. The women in the Charlotte-Gastonia-Concord metro area have attainment on average a lower level of higher education (Bachelors or Higher) than the men in the area: 31.8 percent (Men) versus 29 percent (Women). A high proportion of the female population in the area has reached the Some College or Associates Degree category, with 30.6 percent of women in the area reaching this education level.

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

Demographic Profile for Charlotte-Gastonia-Concord, NC-SC

2006-12-02T21:32:00.000-08:00

The Charlotte-Gastonia-Concord metropolitan statistical area (MSA) has a population base that is comprised of 65.7 percent White, 23.1 percent African American, 2.5 percent Asian, and 7.5 percent Hispanic. The area can be described as having a high amount of racial and ethnic diversity, with 33.1 percent minorities. This is greater than the State of North Carolina percent of 29.6. Since 2000, Charlotte-Gastonia-Concord has increased in diversity when 29.4 percent of the people were minorities.

By measuring total land area, the Charlotte-Gastonia-Concord metro area spans a total of 3098 square miles. This area has a medium-high average area density of 491 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Dayton (494 per sq. mile ), Vallejo-Fairfield (496 per sq. mile ), Sarasota-Bradenton-Venice (513 per sq. mile ), -- less densely populated -- Atlantic City (483 per sq. mile ), Ann Arbor (482 per sq. mile ), Stockton (475 per sq. mile ).

From 2000, a very high number of individuals have migrated into the Charlotte-Gastonia-Concord metro area, with 33,849 people migrating in from another country. The international migration into Charlotte-Gastonia-Concord totals 21.4 percent of the total migration into the State of North Carolina. This amount of international migration is very high when analyzed against immigration per population in 2005.

The Charlotte-Gastonia-Concord metro area had a population of 1,521,278 in 2005. The total population has increased sharply, from the population in the year 2000 of 1,339,901. This growth represents an increase of 13.5 percent. Charlotte-Gastonia-Concord ranks 1 of 14 MSAs when analyzing total population change in North Carolina and the metro area ranks 16 of 361 metro areas when calculating the total change in MSA population across the US.

The Census Bureau estimates in 2005 the median age in the Charlotte-Gastonia-Concord metro area to be 34.9 years of age. The median in Charlotte-Gastonia-Concord is less than the median in North Carolina of 36.2. From 2000, the area has seen an increase in the median age, when it was 34.3 years of age. With a total of 7.2 percent of the 2005 population being made up of children and youth younger than 18, Charlotte-Gastonia-Concord can be understood as having a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-high representation within the estimated 2005 area population, making up 62.6 percent of the population within the age group. People 65 and older make up 13 percent of the population. When compared to other metro areas in the United States, this represents a medium-low proportion of the area population base.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Charlotte-Gastonia-Concord

2006-11-11T20:03:00.000-08:00

In Charlotte-Gastonia-Concord, the U.S. Census Bureau, Population Division accounted for a total of 654,749 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding a sum of 79,345 residential structures since 2001, a change of 13.8 percent.

Looking across the State of North Carolina, Charlotte-Gastonia-Concord ranks 3 of the 14 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 22 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

The residential real estate values in Charlotte-Gastonia-Concord, North Carolina have experienced moderate increases since their reported values in 2000. The values have increased by $27,600, or 22.4 percent, since 2000 when their medians were reported to be $123,300.

Charlotte-Gastonia-Concord recorded a median home value in 2005 of $150,900, according to the American Community Survey. This home value is greater than the overall North Carolina 2005 home value of $127,600 and less than median home value of $167,500 for the rest of the nation in that year.

According to the data, there is a fair amount of real estate that is affordable in Charlotte-Gastonia-Concord, North Carolina. In 2005, 35.9 percent of the homes were valued under $125,000.

Charlotte-Gastonia-Concord may be described as having a relatively high percentage of high-priced residential real estate. For the year 2005, the American Community Survey counted that 5.6 percent of the houses were valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for Charlotte, North Carolina -- Annual 2005 Industry Summary

2006-11-04T22:27:00.000-08:00

Utilities has the largest businesses in Charlotte Metropolitan Area (MSA), averaging 89 workers per each place of employment, being greater than the industry's national average of 34 and greater than the North Carolina establishments size average of 37 for the Utilities industry.

In Charlotte, Finance and insurance, Information and Wholesale trade have the highest US LQ in 2005. The Finance and insurance sector has a United State LQ of 1.56. The percent of employment in the Finance and insurance sector is 1.56 times more than the average percent in the United States, revealing signs that Charlotte may be an exporter of products or services of Finance and insurance.

An industry with high wages in Charlotte is the finance and insurance industry with wages that annually pay $76,382. Locally, since the year 2001, the industry annual average pay has grown by 16.2 percent or $10,631. The State of North Carolina has a similar pattern in the finance and insurance sector, placing near the top of industries in term of the average annual pay of 2004.

Finance and insurance is the industry that has seen the largest increase in jobs from the year 2001 to the present in Charlotte, growing by 45.9 percent. This is greater than the United States change in the sector jobs of 4.8 percent. The State of North Carolina experienced a change in employment in the sector of 13.9 percent, during the period.

The Health care and social assistance has seen the largest decrease in industry presence in the Charlotte Metropolitan Area since 2001, going from making up 7 percent of employment in 2001 to 0 percent in the year 2005.

The Charlotte-Gastonia-Concord is the Metropolitain Area that is ranked 32 of 363 throughout the US by total number of jobs in 2005. This position has slipped behind between the years 2001 and 2005. In 2001, the Metropolitan Area was ranked 31 of 363 Counties.

In Charlotte, Retail Trade, Manufacturing, and the Accommodation and food services industries have the largest percent of jobs of all industries. The Retail Trade is the largest employment industry and makes up 12.7 percent of all the jobs in the Metropolitain Area. This makes up 86,022 jobs. The Manufacturing and Accommodation and food services sectors provide 12.3 and 9.2 percent of industry employment.

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