Jackson, TN

Jackson Metro Area industry wages have increased by 16.9% percent since 2001

2007-03-19T01:06:00.001-07:00

(Click Image to Enlarge Graph)

From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in the Jackson Metro Area by a total of 16.9%. This is less than the growth in average industry wages for Tennessee 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.

Jackson Metro Area Industry Wages Lag Behind Tennessee, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:09:00.001-08:00

(Click Image to Enlarge Graph)

Total wages in all industries in Jackson, TN can be described as medium-high when analyzed with other Metro Areas in the United States. The overall wages are 9.2 percent lower than the state, which accounted an average of $36,146. The average industry wage was less than the industry average in the US 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.

Jackson Five-Year Industry Employment Change

2007-02-11T13:39:00.001-08:00

Total Five-Year Employment Decline in the Jackson Metro Area

Of the area's industries (4-digit NAICS), the Management of companies and enterprises industry experienced most substantial job loss, losing 585 jobs during the time period. The jobs lost in the Management of companies and enterprises industry make up 23.4 percent of the jobs lost during the period in Jackson, TN.

Top 5 Industries
1. Management of companies and enterprises (585 jobs lost)
2. Department stores (385 jobs lost)
3. Grocery stores (272 jobs lost)
4. Special food services (259 jobs lost)
5. Investigation and security services (185 jobs lost)

Of the 47 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 23 reported job growth in the duration of the last five years and 23 industry sectors accounting for employment declines during that time period.

In the Jackson, TN metro area, the entire sum of jobs in all of the industries has decreased by 116 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Growth in the Jackson Metro Area

Out of the 4-digit NAICS industries, the Limited-service eating places industry has accounted the most employment growth with a total of 568 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 29.8 percent of the total employment growth in Jackson.

Top 5 Industries
1. Limited-service eating places (568 new jobs)
2. Other general merchandise stores (481 new jobs)
3. Health and personal care stores (140 new jobs)
4. Building foundation and exterior contractors (123 new jobs)
5. Elementary and secondary schools (97 new jobs)

The total number of jobs has decreased by 0.2 percent since the 2nd Quarter of 2001. This is greater than percent in Tennessee, which went through a gain of 3.3 percent from 2001 (2nd Quarter). The losses in the area were greater than than the gain felt at the national level of 2.6 percent.

The Jackson Metro Area: Five-Year Percentage Growth in Employment

The Unclassified industry has experienced the largest percentage growth, expanding by 211.1 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Jackson has grow faster than the industry has grown in the State of Tennessee, where the industry felt a loss of 30.2 percent. The Unclassified industry in Jackson outpaced the nation in terms of industry employment growth . During this period, the nation gained 1.7 percent of the employment in this industry.

Top 5 Industries
1. Unclassified (211.1 percent gain)
2. Other general merchandise stores (122.1 percent gain)
3. Paper and paper product merchant wholesalers (106.3 percent gain)
4. Health and personal care stores (83.7 percent gain)
5. Activities related to real estate (69.4 percent gain)

The Jackson Metro Area: Five-Year Percentage Decline in Employment

The Machinery and equipment rental and leasing industry has lost the largest amount of employment in terms of percentage, losing 76.6 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Tennessee, where the it saw a gain of 13.4 percent. The losses in the Machinery and equipment rental and leasing industry in Jackson outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 13.6 in percent of jobs in the Machinery and equipment rental and leasing industry.

Top 5 Industries
1. Machinery and equipment rental and leasing (76.6 percent decline)
2. Special food services (67 percent decline)
3. Management of companies and enterprises (61 percent decline)
4. Accounting and bookkeeping services (54.3 percent decline)
5. Book, periodical, and music stores (52.8 percent decline)

Jackson One-Year Industry Employment Change

2007-01-24T16:13:00.000-08:00

Total employment has increased by 0.9 percent from the reported values in 2005. These values are less than percent in the State of Tennessee, experiencing a gain of 1.9 percent since 2005 ( 2nd Quarter). The gains felt were less than than the gain felt at the national level of 2 percent.

The Jackson Metro Area: One-Year Percentage Decline in Employment

The Special food services industry has lost the biggest percent of jobs, losing 61.3 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has felt in the State of Tennessee, where the industry reported a loss of 4.3 percent. The losses in the Special food services industry in Jackson outpaced the United States industry losses overall. During this period, the United States gained 1.6 percent in terms of employees in the Special food services industry.

Top 5 Industries
1. Special food services (61.3 percent decline)
2. Social advocacy organizations (32.7 percent decline)
3. Private households (29 percent decline)
4. Book, periodical, and music stores (24.5 percent decline)
5. Other support services (18.9 percent decline)

The Jackson Metro Area: One-Year Percentage Growth in Employment

The Management of companies and enterprises industry has experienced the largest percentage growth, expanding by 397.8 percent from 2005 to 2006. This industry in Jackson has added employment faster than the growth seen in the industry for Tennessee, where the industry felt a gain of 3.4 percent. The Management of companies and enterprises industry in Jackson outpaced the United States, which experienced a gained 2.7 percent.

Top 5 Industries
1. Management of companies and enterprises (397.8 percent gain)
2. Utility system construction (69.0 percent gain)
3. Activities related to credit intermediation (61.7 percent gain)
4. Unclassified (60.0 percent gain)
5. Other financial investment activities (59.4 percent gain)

Total One-Year Employment Decline in the Jackson Metro Area

The Special food services industry experienced most substantial job loss, losing 202 jobs during the period. The employment lost in the Special food services industry make up 24.9 percent of the employment lost during the period in Jackson, TN.

Top 5 Industries
1. Special food services (202 jobs lost)
2. Grocery stores (187 jobs lost)
3. Other general merchandise stores (84 jobs lost)
4. Offices of physicians (81 jobs lost)
5. Automotive repair and maintenance (40 jobs lost)

Given the 58 4-digit NAICS industries, 25 described an expansion of jobs throughout the time period, while 32 industries reported a drop in employment.

In the Jackson, TN metro area, the aggregate employment for all industry sectors has increased by 428 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in the Jackson Metro Area

The Management of companies and enterprises industry has added the most employment with 300 employees finding new jobs in the industry. The employment growth in the Management of companies and enterprises industry makes up 31.4 percent of the growth in Jackson.

Top 5 Industries
1. Management of companies and enterprises (300 new jobs)
2. Building equipment contractors (126 new jobs)
3. Utility system construction (72 new jobs)
4. Foundries (43 new jobs)
5. Gasoline stations (38 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.

Income and Poverty in Jackson, TN

2007-01-11T16:12:00.000-08:00

The areas median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $38,345, which amounts to a 10.6 percent decline. The Jackson, TN MSA, in terms of percentage of decline, ranks 2 of 3 metro area in percent of decline for the household income level in the State of &statename. Jackson ranks 76 of 233 metro area when comparing the decline in household income across the nation.

The rate of poverty in the Jackson, TN Metro has increased by 2.9 percent from the levels reported in the Decennial Census of 2000, moving from 14 percent to 16.9 percent.

When analyzed against other Metropolitan Statistical Areas in the US, the Jackson metro area reported a medium-low median income for households of $42,879 (2005 Dollars). The income level is 0.8 percent higher than the household income median in State of &statename of $42,541 and the median household income is 14.6 percent lower than the median household income in the United States of $49,133.

As the median household income witnessed a decline from 2000 to 2005 in the Jackson, TN metro area, the Race/Ethnicity group that experienced the largest decline in median household income was the Asian Race/Ethnicity category. This group experienced a increase of 62.7 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Jackson, seeing a 118.2 percent increase in median income, since the values reporting the 2000 Decennial Census.

In Jackson, TN White headed households reported household income (in 2005 Dollars) of $49,069 as reported in 2000 by the census, which was 14.4 percent greater than the median income in 2000. Black or African American householders reported a median household income that was 34.2 percent less than the overall median reported in 2000, with a reported median of $28,201. According to the 2000 Census, the Asian headed households in the area have median household incomes of $72,618. This income level is 69.4 percent greater than the reported median household income for all households in the area. Hispanic headed households in Jackson, TN , according to the 2000 census, had a median household income of $49,275, which is 14.9 percent greater than reported value of the areas total household median income for all households. The households that were headed by an American Indian and Alaska Native individual in Jackson had a median income of $33,638, this level was 21.6 percent less than the median for all households.

Contrasted against to other Metropolitan Areas throughout the US, the Jackson metro area can be understood to have a medium-high rate of poverty among its population, accounting a rate of 14.0 percent of the individuals existing in families with incomes under the poverty level in 1999. The American Indian and Alaska Native race/ethnicity demographic category, owns the foremost rate of poverty with 36.2 percent of the 2000 residents living in poverty. People aged Under 5 years have the most percent of people living in poverty in Jackson, accounting 21.7 percent of this demographic group living with incomes under poverty.

Higher Education in the Jackson, TN Metro Area

2006-12-19T20:03:00.000-08:00

According to the 2005 American Community Survey in the Jackson, TN Metro Area, the most common level of education achieved in the area for the male population is the High School Diploma category, with 34.2 percent receiving this level of education. The women in the Jackson metro area on average have achieved a greater level of higher education (Bachelors or Higher) than men -- 19 percent (Men) versus 21.4 percent (Women). The largest educational attainment category for women is High School Diploma category, with 32.8 percent of the areas female population attaining this level of education.

Since 2000, the Jackson metro area has increased in the percent of the population that is over the age of 25 with a BA or Higher. This population cohort has grown by 0.4 percent to a total of 20.4 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is less than the 2005 State of Tennessee percent of 21.8 and less than the US percent of 27.2.

From 2000 to 2005, the percent of male population that is highly educated has decreased by 3.0 percent. By the year 2005, 19 percent of area's male population (+25) achieved a BA or Higher. During the same period, the percent of women (+25) that have earned a BA or higher has increased by a total of 2.8 percent. By the year 2005, a total of 21.4 percent of the female population having received at least a Bachelors Degree.

In the Jackson, TN Metro Area as reported in the 2005 American Community Survey, 23.2 percent of the White Alone, 11.4 percent of Black or African American, . percent of the Asian alone and . percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Jackson, TN Metro Area is made up of a moderately-educated working age population, with 20.4 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Jackson MSA is reported having a lower percent of population with high education level than the State of Tennessee's proportion of 21.8 percent and a lower percent than the US proportion of 27.2 percent.

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

Demographic Profile for Jackson, TN

2006-12-03T03:18:00.000-08:00

From 2000, a medium-high amount of people migrated into the Jackson metro area, with 831 people migrating in from outside the country. The immigration into Jackson makes up 1.7 percent of the total migration into the State of Tennessee. This percent of immigration can be considered medium-high when compared to international migration per 2005 population.

The Jackson metropolitan statistical area (MSA) has a population that is made of 65.7 percent White, 30.5 percent African American, 0.7 percent Asian, and 2.2 percent Hispanic. The area population base can be described as having a high level of racial and ethnic diversity, with 33.4 percent minorities. This is greater than the State of Tennessee percent of 20.9. Since 2000, Jackson has increased the level of diversity when 31.4 percent of the people were minorities.

The Jackson metro area had a total estimated population of 110,857 in 2005. The estimated population has increased, since its 2000 population of 107,563. This growth shows an increase of 3.1 percent. Jackson ranks 9 of 10 MSAs when analyzing total population change in Tennessee and the metro area ranks 267 of 361 metro areas when analyzing total MSA population change across the nation.

In 2005, the Census Bureau estimated the median age in the Jackson metro area to be 36.0 years old. The median age in Jackson is less than the median age for the State of Tennessee of 37.3. Since the year 2000, the area has witnessed an increase in the median age, when it was 34.6 years old. With 306 percent of the 2005 population being comprised of individuals under the age of 18, Jackson can be understood as having a medium-high percent of people under 18. The 18 to 64 years old population group has a relatively high presence of the population, with 65.8 percent of the population within the age category. People 65 years old and older make up 10.4 percent of the total population in the area. Compared to other metro areas in the US, this represents a medium-low percent of the population base.

When calculating the total land area, the Jackson metro area covers a total land area of 846 total square miles. The area has a medium-low average area density of 131 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- Montgomery (131 per sq. mile ), Joplin (131 per sq. mile ), Springfield (132 per sq. mile ), -- less densely populated -- Bowling Green (131 per sq. mile ), Chico (131 per sq. mile ), Pascagoula (130 per sq. mile ).

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

Housing Report for Jackson

2006-11-11T21:46:00.000-08:00

Jackson had a median home value in the year 2005 of $102,100, published by the American Community Survey. This home value is less than the Tennessee 2005 home median value of $114,000 and less than home value of $167,500 for the United States in the same year.

In Jackson, there were a total of 48,152 homes in 2005. The metro area has experienced a medium-high growth level in the number housing units, adding in all 2,851 residential structures since 2001, a change of 6.3 percent.

The residential housing values in Jackson, Tennessee have experienced moderate increases since their reported values in 2000. The values have increased by $17,600, or 20.8 percent, from their 2000 median values of $84,500.

Jackson may be described as having a small, but present percentage of homes that are high in price. For 2005, the American Community Survey reported that 0.5 percent of owner-occupied dwellings were valued over a half a million dollars.

It can be understood that there is a large amount affordable residential real estate in Jackson, Tennessee. In 2005, 64.6 percent of owner-occupied dwellings were valued under $125k.

In the State of Tennessee, Jackson ranks 4 of the 10 metro areas by percentage growth in residential real estate. The metro area is positioned 151 of 361, comparing the percentage change in residential real estate in other US MSAs.

Data Source: U.S. Census Bureau

Employment Report for Jackson, Tennessee -- Annual 2005 Industry Summary

2006-11-05T00:14:00.000-08:00

In Jackson, Manufacturing, Retail Trade and Administrative and waste services industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing sector in the county has a location quotient of 1.78. In other words, the percent of total jobs in the Manufacturing industry is 1.78 times greater than the US average, showing signs that Jackson may specialize, or be an exporter of Manufacturing.

An industry with high wages in Jackson is the manufacturing industry with an average annual wage of $43,646. In the Metropolitan Area since the year 2001, the industry annual average wages have grown by 18.8 percent or $6,907. The State of Tennessee has a different employment climate in the manufacturing sector, standing in the middle of industries in terms of 2004 annual average wages.

Manufacturing has a largest number of employees per establishment in Jackson Metro Area. The industry averages 69 workers per each place of employment, being greater than the industry's national average of 39 and greater than the Tennessee establishments size average of 56 for the Manufacturing industry.

The Construction industry has decreased the most in industries presence in the Jackson Metro since the year 2001. The industry went from accounting for 7.5 percent of total jobs in the year 2001 to 0 percent of employment in 2005.

Real estate and rental and leasing has seen the highest growth in employment from the years 2001-2005 in Jackson, with an employment growth of 9.4 percent. This is greater than the rate of employment change across the nation of 4.3 percent. The State of Tennessee felt a shift in employment in the industry of 4.2 percent, in the recent period of 2001-2005.

In Jackson, Manufacturing, Retail Trade, and the Administrative and waste services sectors are the largest industries, in terms of total number of jobs in 2005. The Manufacturing produces the largest number of jobs in the area accounting for 22.8 percent of all the jobs in the Metropolitain Area. This makes up 10,610 jobs. The Retail Trade and Administrative and waste services industries make up 16.9 and 6.2 percent of total employment, respectively.

The Jackson is the Metropolitain Area that is ranked 272 of 363 throughout the US in terms of total 2005 employment. The regions employment ranking has slipped behind since the year 2001, when it was ranked 264 of 363 Counties.

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