Laredo, TX

Laredo Metro Area industry wages have increased by 15.1% percent since 2001

2007-03-19T01:13:00.001-07:00

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From 2001 to 2006, average industry wages increased in the Laredo Metro Area by a total of 15.1%. This is less than the growth in average industry wages for Texas and less than the growth in industry wages for the nation as a whole.

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.

Laredo Metro Area Industry Wages Lag Behind Texas, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:16:00.001-08:00

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Total wages in all industries in Laredo, TX when analyzed can be described as very low when analyzed with other Metro Areas in the United States. The overall wages are 40.3 percent lower than the with an state average of $41,186. 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.

Laredo Five-Year Industry Employment Change

2007-02-11T13:46:00.001-08:00

Total Five-Year Employment Growth in the Laredo Metro Area

From the industries (4-digit NAICS) in the area, the Home health care services industry has grown the most with 2,608 employees finding new jobs in the industry. The employment growth in the Home health care services industry makes up 20.4 percent of the total number of new jobs in Laredo.

Top 5 Industries
1. Home health care services (2,608 new jobs)
2. General freight trucking (1,125 new jobs)
3. Depository credit intermediation (966 new jobs)
4. Full-service restaurants (819 new jobs)
5. Limited-service eating places (783 new jobs)

In the Laredo, TX metro area, the entire sum of jobs in all of the industries has increased by 10,687 jobs from mid-2001 to mid-2006.

Given the 116 industries with industry data reported by the BLS in each quarter, 44 described an expansion of jobs throughout the time period, while 72 industries reported a drop in employment.

Total Five-Year Employment Decline in the Laredo Metro Area

The Freight transportation arrangement industry faced the greatest employment loss with a total loss of 383 jobs during the period. The employment lost in the Freight transportation arrangement industry make up 15.6 percent of the jobs lost during the period in Laredo, TX.

Top 5 Industries
1. Freight transportation arrangement (383 jobs lost)
2. Employment services (349 jobs lost)
3. Other general merchandise stores (179 jobs lost)
4. Used merchandise stores (174 jobs lost)
5. Child day care services (141 jobs lost)

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

The Furniture and furnishing merchant wholesalers industry has lost the largest percent of jobs, losing 90.9 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has felt in the State of Texas, where the industry sector experienced a gain of 5.1 percent. The losses in the Furniture and furnishing merchant wholesalers industry in Laredo outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 2.9 percent in terms of employees in the Furniture and furnishing merchant wholesalers industry.

Top 5 Industries
1. Furniture and furnishing merchant wholesalers (90.9 percent decline)
2. Used merchandise stores (69.1 percent decline)
3. Travel arrangement and reservation services (59.4 percent decline)
4. Beer, wine, and liquor stores (56.8 percent decline)
5. Lawn and garden equipment and supplies stores (48.1 percent decline)

Total employment has increased by 19.7 percent since the 2nd Quarter of 2001. This is greater than growth in Texas, which went through a gain of 4.8 percent since 2001 ( 2nd Quarter). The gains were greater than than the gain reported at the US level of 2.6 percent.

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

The Electronic equipment repair and maintenance industry has gone through the largest job growth by percent, increasing by 565.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Laredo has added employment faster than the industry has grown in the State of Texas, where the industry took a gain of 4.9 percent. The Electronic equipment repair and maintenance industry in Laredo outpaced the US in terms of percent growth of industry employment. During this period, the US lost 2.5 percent of the industry employment.

Top 5 Industries
1. Electronic equipment repair and maintenance (565.1 percent gain)
2. Commercial machinery repair and maintenance (501.8 percent gain)
3. Unclassified (421.9 percent gain)
4. Other ambulatory health care services (325.0 percent gain)
5. Other financial investment activities (311.8 percent gain)

Laredo One-Year Industry Employment Change

2007-01-24T16:32:00.000-08:00

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

The Beer, wine, and liquor stores industry has seen the largest percentage drop in employment, losing 75.9 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has felt in the State of Texas, where the industry sector experienced a loss of 3.8 percent. The losses in the Beer, wine, and liquor stores industry in Laredo outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 0.7 in percent of jobs in the Beer, wine, and liquor stores industry.

Top 5 Industries
1. Beer, wine, and liquor stores (75.9 percent decline)
2. Furniture and furnishing merchant wholesalers (61.9 percent decline)
3. Management of companies and enterprises (41.2 percent decline)
4. Paper and paper product merchant wholesalers (34.1 percent decline)
5. Cut and sew apparel manufacturing (33.7 percent decline)

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

The Unclassified industry has seen the largest percentage job growth, expanding by 206.4 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Laredo has increased employment faster than the industry job growth experienced in Texas, where it saw a gain of 28.8 percent. The Unclassified industry in Laredo outpaced the US in terms of percent growth of industry employment. During this period, the US gained 12.1 percent.

Top 5 Industries
1. Unclassified (206.4 percent gain)
2. Other motor vehicle dealers (84.0 percent gain)
3. Other personal services (82.4 percent gain)
4. Other miscellaneous store retailers (70.6 percent gain)
5. Metal and mineral merchant wholesalers (69.0 percent gain)

Total industry employment has increased by 4.7 percent from 2005 (2nd Quarter). These figures are greater than percent in the State of Texas, which saw a gain of 4 percent from the 2nd Quarter of 2005. The gains were greater than than the gain reported at the US level of 2 percent.

Total One-Year Employment Decline in the Laredo Metro Area

Given the industries in the area, the Electronics and appliance stores industry witnessed the largest drop in employment, losing a total of 104 jobs during the period. The employment lost in the Electronics and appliance stores industry make up 9.8 percent of the total employment decline in Laredo, TX.

Top 5 Industries
1. Electronics and appliance stores (104 jobs lost)
2. Other miscellaneous manufacturing (78 jobs lost)
3. Freight transportation arrangement (73 jobs lost)
4. Nonresidential building construction (60 jobs lost)
5. Nursing care facilities (52 jobs lost)

Out of the 131 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 49 showed an escalation in the number employed, while 81 industries reported a drop in employment.

In the Laredo, TX metro area, the total number of jobs throughout all industries has increased by 2,941 total jobs from 2005 to 2006.

Total One-Year Employment Growth in the Laredo Metro Area

From the industries (4-digit NAICS) in the area, the Full-service restaurants industry has grown the most with 458 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 12.5 percent of the growth in Laredo.

Top 5 Industries
1. Full-service restaurants (458 new jobs)
2. Home health care services (284 new jobs)
3. Depository credit intermediation (228 new jobs)
4. Support activities for mining (207 new jobs)
5. Building equipment contractors (190 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 Laredo, TX

2007-01-11T16:35:00.000-08:00

When analyzed against other Metropolitan Statistical Areas in the US, the Laredo metro area had a very low median income for households of $32,877 (2005 Dollars). This median is 42.1 percent lower than the median income in State of Texas of $46,715 and this is 49.4 percent lower than the median for the rest of the nation, which is a reported $49,133.

As the median income level saw a decline since 2000 in the Laredo, TX metro area, the Race/Ethnicity group that went through the most dramatic decline in median household income was the Hispanic Race/Ethnicity category. This group experienced a decline of 6.8 percent from 2000 to 2005. The Asian Race/Ethnicity category has been least effected by the income level decline in Laredo, encountering a 78.4 percent increase in household income, since the reported levels in 2000.

Hispanic in Laredo, TX , according to the 2000 census, had a median household income of $31,554, this median household income is 4 percent less than the reported median household income for all households in the area. In Laredo, TX White headed households reported a median household income (2005 Dollars) of $32,823 as reported by the Decennial Census of 2000, which was 0.2 percent less than the median income in 2000. It was reported in 2000 that the Asian headed households had median household incomes of $58,825. This income level is 78.9 percent greater than the reported median household income, in the area, for all households. The American Indian and Alaska Native householders in Laredo reported an income level of $30,713, this level was 6.6 percent less than the areas median level for all households. Black or African American headed households had median income levels that were 14.7 percent greater than the overall median reported in 2000, with a reported median of $37,721.

The rate of poverty in the Laredo, TX Metro has increased by 0.2 percent since the amount published in 2000, moving from 31.2 percent to 31.4 percent.

The median household income in the area has declined from the values (adjusted for inflation) in 2000. The median has decreased to $31,763, which represents a 3.4 percent decline. The Laredo, TX MSA, in terms of percentage of decline, ranks 20 of 22 metro area in percent of decline for income levels in the State of Texas. Laredo ranks 204 of 233 metro area when analyzing the decline in household income across the nation.

When put side-by-side with other Metros throughout the United States, the Laredo metro area may be understood as having a very high poverty rate amid the residents with a poverty rate of 31.2 percent with a family income under the 1999 poverty level. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 42.6 percent of the 2000 population living in poverty. People that are of the age Under 5 years are experiencing most percent people in poverty in Laredo, having 40.9 percent of this age cohort living in poverty.

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

Higher Education in the Laredo, TX Metro Area

2006-12-19T20:26:00.000-08:00

Laredo, TX Metro Area has a moderately-educated population of the working age, with 17.8 percent of the population over 25 years old having received at least a Bachelors Degree, according to the American Community Survey of 2005. The Laredo MSA is reported having a lower percent of the population with at least a Bachelors than the State of Texas's proportion of 25.2 percent and a lower percent than the average across the nation of 27.2 percent.

Since 2000, the Laredo metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 3.8 percent to a total of 17.8 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is less than the State of Texas percent of 25.2 and less than the national percent of 27.2.

Between 2000 and 2005, the percent of the male population that can be understood as highly educated has increased by 4.2 percent. In the year 2005, 19.2 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 4.0 percent. By 2005, a total of 16.8 percent of the female population having received at least a Bachelors Degree.

In 2005, the American Community Survey reported that in the Laredo, TX Metro Area, many men in the area have reached the Less than High School category, with 39.4 percent reaching this education level. The female population in the Laredo metro area on average have achieved a lower level of higher education (Bachelors or Higher) than the men in the area: 19.2 percent (Men) versus 16.8 percent (Women). A high proportion of the female population in the area has reached the Less than High School category, with 43.4 percent of women in the area reaching this education level.

In the Laredo, TX Metro Area as reported in the American Community Survey of the year 2005, 18.2 percent of the White Alone, . percent of Black or African American, . percent of the Asian alone and 16.2 percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.

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

Demographic Profile for Laredo, TX

2006-12-03T03:47:00.000-08:00

Estimated since the year 2000, a very high number of individuals have migrated into the Laredo metro area, with 9,258 people migrating in from outside the country. The immigration into Laredo makes up 1.4 percent of the total international migration into the State of Texas. This percent of immigration can be considered very high when analyzed against immigration per population in 2005.

By measuring total land area, the Laredo metro area covers a total land area of 3357 square miles. The land areas has a medium-low density of 67 persons per square mile. Similar metro areas in the US, in terms of density, include: -- more densely populated -- Sioux City (69 per sq. mile ), Medford (70 per sq. mile ), Topeka (71 per sq. mile ), -- less densely populated -- Madera (67 per sq. mile ), Fargo (66 per sq. mile ), Mount Vernon-Anacortes (65 per sq. mile ).

The Laredo metro area had a population that was estimated at 224,695 in 2005. The estimated population has increased very sharply, from the population in the year 2000 of 194,679. This growth represents an increase of 15.4 percent. Laredo ranks 8 of 25 MSAs when calculating total change in population for Texas and the metro area ranks 81 of 361 metro areas in terms of population growth in the United States.

In the year 2005, the U.S. Census Bureau estimates the median age in the Laredo metro area to be 26.5 years of age. The median age in Laredo is less than the median age in Texas of 33.2. Since 2000, the area has experienced no change in the median age, at that time the median was 26.5 years of age. With a total of 16.2 percent of the 2005 population being made up of children and youth younger than 18, Laredo can be described as having a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-low presence of the population, with 61.6 percent of the population falling in this age category. The retirement (65 and over) group makes up 13.4 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.

The Laredo metropolitan statistical area (MSA) has a population that is made up of 4.3 percent White, 0.2 percent African American, 0.4 percent Asian, and 94.9 percent Hispanic. This area can be considered to have a very high level of diversity in terms of race and ethnicity, with 95.5 percent of minorities in the 2005 population base. This is greater than the State of Texas percent of 49.5. Since 2000, Laredo has increased the percent of minority makeup when 94.9 percent of the population were minorities.

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

Housing Report for Laredo

2006-11-11T22:06:00.000-08:00

In Laredo, the U.S. Census Bureau, Population Division accounted for a total of 64,901 housing structures in 2005. The metro area has seen a medium-high growth level in the number housing units, adding in all 7,168 residential structures since 2001, a change of 12.4 percent.

The residential real estate values in Laredo, Texas have experienced moderate increases from the real estate values reported in 2000. The valuations have increased by $12,600, or 16.9 percent, since 2000 when their medians were valued at $74,600.

In the State of Texas, Laredo is positioned 3 of the 25 metro areas by percentage growth in residential real estate. The metro area is positioned 28 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Laredo had an owner-occupied dwelling median in 2005 of $87,200, accounted by the American Community Survey. This median is less than the State of Texas 2005 median home value of $106,000 and less than median home value of $167,500 for the rest of the nation in that year.

Laredo has a small, but present proportion of residential real estate that is high priced. During the year 2005, the American Community Survey accounted that 0.5 percent of owner-occupied dwellings were valued over a half a million dollars.

There seems to be a large amount of affordable housing in Laredo, Texas. In 2005, 75.4 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

Employment Report for Laredo, Texas -- Annual 2005 Industry Summary

2006-11-05T00:41:00.000-08:00

Administrative and waste services since the year 2001 was faced with the largest loss in employment in the Laredo Metro Area. The industry lost a total of 378 jobs, or 12.8 percent of employment in the sector. These losses made up 61.9 percent of all Metro Area employment losses since 2001.

In Laredo, Transportation and Warehousing, Retail Trade, and the Health care and social assistance industries have the largest percent of jobs of all industries. The Transportation and Warehousing provides the most jobs and contributes 19 percent of all jobs throughout the region, totaling 11,832 employees. The Retail Trade and Health care and social assistance industries total 18.4 and 17.4 percent of total employment, respectively.

A top paying industry in Laredo is the mining sector with an annual pay of $51,862. From the year 2001, the industry annual average wages have grown by 13.4 percent or $6,130. The State of Texas reflects the same economic condition in the mining sector, standing at the top of sectors by 2004 industry pay.

Arts, entertainment, and recreation has seen the highest growth in employment from the years 2001-2005 in Laredo, with an industry growth of 98.6 percent. This is greater than the rate of industry employment change in the United States of 4.7 percent. The State of Texas saw a change in employment in the sector of 8.3 percent, during the period.

In Laredo, Transportation and Warehousing, Mining and Health care and social assistance industries, in terms of United States location quotient, are the most dominant in the region. The Transportation and Warehousing industry has a US LQ in the region of 5.13. In other words, the percent of total jobs in the Transportation and Warehousing industry is 5.13 times greater than the US average, showing signs that Laredo produces more than its local requirement of products and/or services of Transportation and Warehousing.

Health care and social assistance has a largest number of employees per establishment in Laredo Metro Area. The industry averages 28 employees per business. This is greater than the industry's average at the national level of 21 and greater than the Texas average establishment size of 21 for the Health care and social assistance industry.

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