Lubbock, TX

Lubbock Metro Area industry wages have increased by 22.4% percent since 2001

2007-03-19T01:18:00.001-07:00

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Industry wages, from 2001 to 2006, have increased in the Lubbock Metro Area by a total of 22.4%. This is greater than the growth in industry wages for the State of Texas 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.

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

2007-02-27T22:21:00.001-08:00

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The overall industry wages in Lubbock, TX when analyzed can be described as relatively low when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 29.1 percent lower than the reported averages in the state of $41,186. 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.

Lubbock Five-Year Industry Employment Change

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Of the 92 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 45 accounted an for increase in employment during the period and 46 industries reported employment loss in the period.

In the Lubbock, TX metro area, the entire sum of jobs in all of the industries has increased by 1,347 total jobs from 2001 to 2006.

Total Five-Year Employment Decline in the Lubbock Metro Area

Given the industries in the area, the Business support services industry faced the greatest employment loss with a total loss of 677 jobs in that time period. The declines in the Business support services industry make up 19.2 percent of the total job loss in Lubbock, TX.

Top 5 Industries
1. Business support services (677 jobs lost)
2. Architectural and engineering services (273 jobs lost)
3. Electronic markets and agents and brokers (269 jobs lost)
4. Machinery and supply merchant wholesalers (226 jobs lost)
5. Specialty food stores (178 jobs lost)

Total Five-Year Employment Growth in the Lubbock Metro Area

From the industries (4-digit NAICS) in the area, the Office administrative services industry has accounted the most employment growth with a total of 393 new jobs created in the period. The job growth in the Office administrative services industry makes up 13.4 percent of the growth in Lubbock.

Top 5 Industries
1. Office administrative services (393 new jobs)
2. Couriers (197 new jobs)
3. Clothing stores (194 new jobs)
4. Highway, street, and bridge construction (187 new jobs)
5. Residential building construction (165 new jobs)

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

The Coating, engraving, and heat treating metals industry has seen the largest percentage drop in employment, losing 59.4 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 reported a gain of 3.7 percent. The losses in the Coating, engraving, and heat treating metals industry in Lubbock outpaced the US in terms of percent of decline of industry employment. The US lost 11.5 percent in terms of employment in the Coating, engraving, and heat treating metals industry.

Top 5 Industries
1. Coating, engraving, and heat treating metals (59.4 percent decline)
2. Medical equipment and supplies manufacturing (56.6 percent decline)
3. Specialty food stores (56 percent decline)
4. Business, computer and management training (55.9 percent decline)
5. Electronic equipment repair and maintenance (54.1 percent decline)

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

The Office administrative services industry has experienced the largest percentage growth, expanding by 453.8 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Lubbock has grow faster than the overall industry growth seen in the State of Texas, where the industry felt a gain of 63.6 percent. The Office administrative services industry in Lubbock outpaced the nation in terms of industry employment growth . During this period, the nation gained 37.6 percent.

Top 5 Industries
1. Office administrative services (453.8 percent gain)
2. Grantmaking and giving services (201.8 percent gain)
3. Couriers (112.8 percent gain)
4. Software publishers (112.0 percent gain)
5. Household and institutional furniture mfg. (98.4 percent gain)

The total number of jobs has increased by 1.4 percent since the 2nd Quarter figures of 2001. This change is less than percent in Texas, which experienced a gain of 4.8 percent from the 2nd Quarter of 2001. The gains in the area were less than than the gain experienced overall in the US of 2.6 percent.

Lubbock One-Year Industry Employment Change

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Out of the 115 industries with industry data reported by the BLS in each quarter, 46 accounted an for increase in employment during the period and 69 industry sectors reported declines during the time period.

In the Lubbock, TX metro area, the total number of jobs throughout all industries has increased by 2,398 jobs from mid-2005 to mid-2006.

Total One-Year Employment Decline in the Lubbock Metro Area

Given the industries in the area, the Business support services industry faced the greatest employment loss with a total loss of 281 jobs in that time period. The declines in the Business support services industry make up 20.7 percent of the employment lost during the period in Lubbock, TX.

Top 5 Industries
1. Business support services (281 jobs lost)
2. Wired telecommunications carriers (205 jobs lost)
3. Furniture stores (85 jobs lost)
4. Drycleaning and laundry services (57 jobs lost)
5. Offices of dentists (54 jobs lost)

Total One-Year Employment Growth in the Lubbock Metro Area

Out of the 4-digit NAICS industries, the Newspaper, book, and directory publishers industry has grown the most with 416 total jobs brought in during the period. The growth in the Newspaper, book, and directory publishers industry makes up 13.5 percent of the total growth in Lubbock.

Top 5 Industries
1. Newspaper, book, and directory publishers (416 new jobs)
2. Employment services (366 new jobs)
3. Clothing stores (233 new jobs)
4. Home health care services (221 new jobs)
5. Office administrative services (203 new jobs)

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

The General rental centers industry has seen the largest percentage drop in employment, losing 52.9 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 Texas, where the industry felt a loss of 23.4 percent. The losses in the General rental centers industry in Lubbock outpaced the United States industry losses overall. During this period, the United States lost 8.8 percent in terms of employment in the General rental centers industry.

Top 5 Industries
1. General rental centers (52.9 percent decline)
2. Coating, engraving, and heat treating metals (40.4 percent decline)
3. Other textile product mills (35.8 percent decline)
4. Remediation and other waste services (27.6 percent decline)
5. Support activities for air transportation (24.3 percent decline)

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

The Newspaper, book, and directory publishers industry has seen the largest percentage job growth, expanding by 114.1 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Lubbock has added employment faster than the overall industry growth seen in the State of Texas, where it saw a gain of 1.4 percent. The Newspaper, book, and directory publishers industry in Lubbock outpaced the nation in terms of industry employment growth . During this period, the nation lost 1.5 percent of the industry employment.

Top 5 Industries
1. Newspaper, book, and directory publishers (114.1 percent gain)
2. Office administrative services (73.5 percent gain)
3. Support activities for mining (70.7 percent gain)
4. Machine shops and threaded product mfg. (61.0 percent gain)
5. Gambling industries (51.8 percent gain)

Total employment has increased by 2.5 percent since the 2nd Quarter figures of 2005. This change is less than growth in Texas, which saw a gain of 4 percent from 2005 (2nd Quarter). The gains were greater than than the gain felt at the national level of 2 percent.

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 Lubbock, TX

2007-01-11T16:50:00.000-08:00

While household income level experienced a decline in the last five year in the Lubbock, TX metro area, the Race/Ethnicity group that went through the most dramatic decline in household income was the Hispanic category. This group felt a decline of 27 percent since 2000. The Asian population category was least influenced by the median household income decline in Lubbock, undergoing a 57.8 percent increase in household income level, since the year 2005.

The poverty rate in the Lubbock, TX Metro has increased by 1.9 percent from the rates reported in the Decennial Census, moving from 17.8 percent to 19.7 percent.

Black or African American householders reported household income levels that were 36.9 percent less than the all population median published in the 2000 Census, with a median of $23,774. The Asian headed households reported median household incomes of $30,572. This median is 18.8 percent less than the all households reported median in the area. Hispanic headed households in Lubbock, TX , according to the 2000 census, had a median household income of $31,691, which is 15.9 percent less than the areas median income level for all households. In Lubbock, TX White householders had a median household income (in 2005 Dollars) of $41,118 as reported by the Decennial Census of 2000, which was 9.1 percent greater than the median income in 2000. The American Indian and Alaska Native headed households in Lubbock had a median income of $34,896, this level was 7.4 percent less than the areas median level for all households.

Contrasted against to other Metropolitan Areas throughout the US, the Lubbock metro area can be considered to have a relatively high rate of poverty among the people, accounting a rate of 17.8 percent of people living in a family with an income below the poverty level in 1999. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 35 percent of the population in 2000 living in poverty. Individuals aged Under 5 years have the largest percent of population in poverty in Lubbock, with 25.8 percent of this age cohort living in poverty.

The median household income in the area has declined from the inflation-adjusted values in 2000. The income level has decreased to $34,823, posting a 7.6 percent decline. The Lubbock, TX MSA, in terms of percentage of decline, ranks 18 of 22 metro area in percent of decline for the household income level in the State of Texas. Lubbock ranks 125 of 233 metro area when analyzing the decline in household income across the nation.

Compared to other MSAs throughout the nation, the Lubbock metro area reported a relatively low household income of $37,672 (2005 Dollars). The income level is 24 percent lower than the household income median in State of Texas of $46,715 and the income level is 30.4 percent lower than the median household income level in the US of $49,133.

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

Higher Education in the Lubbock, TX Metro Area

2006-12-19T20:42:00.000-08:00

Lubbock, TX Metro Area can be considered to have a moderately-educated population of the working age, with 25.8 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Lubbock MSA has a higher percent of individuals with higher educations than the State of Texas's proportion of 25.2 percent and a lower percent than United States proportion of 27.2 percent.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has decreased by 0.4 percent. As reported in 2005, 25.6 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has increased by a total of 2.8 percent. By 2005, a total of 26 percent of the female population had achieved this level of education.

In 2005, the American Community Survey reported that in the Lubbock, TX Metro Area, a high proportion of the male population in the area have reached the High School Diploma category, with 29.8 percent receiving this level of education. The women in the Lubbock metro area have attainment on average a lower level of higher education (Bachelors or Higher) than men -- 25.6 percent (Men) versus 26 percent (Women). The most common level of education for women in the area is Some College or Associates Degree category, with 28 percent of the women population in the area achieving this level of education.

In the Lubbock, TX Metro Area according the 2005 American Community Survey, 28 percent of the White Alone, 11.4 percent of Black or African American, . percent of the Asian alone and 6 percent of the Hispanic or Latino (+25) population has achieved at least a Bachelors Degree.

From the year 2000, the Lubbock 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 1.4 percent to a total of 25.8 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the 2005 State of Texas percent of 25.2 and less than the average US percent of 27.2.

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

Demographic Profile for Lubbock, TX

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When measuring the total land area, the Lubbock metro area spans a total of 1799 square miles. The MSA has a medium-low density of 144 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- Florence (146 per sq. mile ), Santa Barbara-Santa Maria-Goleta (146 per sq. mile ), Columbus (147 per sq. mile ), -- less densely populated -- Riverside-San Bernardino-Ontario (143 per sq. mile ), Lafayette (143 per sq. mile ), Kingsport-Bristol-Bristol (142 per sq. mile ).

The Lubbock metro area had a population of 258,970 in 2005. The estimated population has increased, since the population in 2000 of 249,919. This growth denotes an increase of 3.6 percent. Lubbock ranks 14 of 25 MSAs when calculating total change in population for Texas and the metro area ranks 182 of 361 metro areas when calculating the total change in MSA population across the US.

In the year 2005, the U.S. Census Bureau estimates the median age in the Lubbock metro area to be 30.9 years old. The median in Lubbock is less than the median age in the State of Texas of 33.2. Since 2000, the area has experienced an increase in the median, when the median age was 30.5 years of age. With a total of 14.1 percent of the 2005 population being comprised of individuals under the age of 18, Lubbock can be described as having a medium-high proportion of youths. The working age population group (18-64) has a medium-low representation within the population, making up 61.6 percent of the population makes up this age category. The retirement (65 and over) age group comprises 13.4 percent of the population in the area. When compared to other metro areas throughout the United States, this represents a medium-low proportion of the population.

The Lubbock metropolitan statistical area (MSA) has a population that is made up of 60.3 percent White, 7.2 percent African American, 1.3 percent Asian, and 30.1 percent Hispanic. The area population base can be described as having a high amount of racial and ethnic diversity, with 38.6 percent minorities. This is less than the State of Texas percent of 49.5. Since 2000, Lubbock has increased the level of diversity when 37.0 percent of the population were minorities.

Since the year 2000, a medium-high amount of people migrated into the Lubbock metro area, with 1,602 people migrating in from outside the country. The immigration into Lubbock accounts for 0.2 percent of the total migration into the State of Texas. This percent of international migration is medium-high when comparing levels of immigration per population in 2005.

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

Housing Report for Lubbock

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

In the State of Texas, Lubbock ranks 7 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 72 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Lubbock is made up of a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey reports that 0.9 percent of the houses were valued over a half a million dollars.

In Lubbock, the U.S. Census Bureau, Population Division accounted for a total of 114,970 homes in the year 2005. This MSA has gone through a medium-high growth level in the number housing units, adding a sum of 9,838 residential units since 2001, or 9.4 percent.

It can be understood that there is a large amount of housing that is affordable in Lubbock, Texas. In 2005, 75.8 percent of owner-occupied dwellings were valued under $125k.

The residential real estate values in Lubbock, Texas have experienced moderate increases since the Census values accounted for in the year 2000. The values have increased by $15,500, or 22.4 percent, since 2000 when their medians were valued at $69,100.

Lubbock recorded a median home value in 2005 of $84,600, accounted by the American Community Survey. This value is less than the Texas 2005 home median value of $106,000 and less than median home value of $167,500 for the United States in the same year.

Data Source: U.S. Census Bureau

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

2006-11-05T01:00:00.000-08:00

Health care and social assistance has the largest businesses in Lubbock MSA, with the industry averaging 23 employees per business. This is greater than the industry's average at the national level of 21 and greater than the Texas typical size of 21 for the Health care and social assistance industry.

Educational services saw the biggest increase in jobs since the year 2001 in Lubbock, with an industry growth of 13.7 percent. This is less than the industry job change at the national level of 13.8 percent. The State of Texas had changed in sector employment of 14.9 percent, in the duration of 2001 to 2005.

The Lubbock Metropolitan Area is ranked at 165 of 363 throughout the US in terms the size of total employment in 2005. This ranking has slipped behind during the time of 2001 and 2005. The Metropolitan Area, in the year 2001, was ranked 162 of 363 Counties.

In Lubbock, Health care and social assistance, Retail Trade, and the Wholesale trade sectors are the largest industries, in terms of total number of jobs in 2005. The Health care and social assistance is the largest employment industry and makes up 17.1 percent of total employment in the Metro Area, making up 16,411 employees. The Retail Trade and Wholesale trade industries total 16 and 6 percent of all employment.

A high-wage industry in Lubbock is the wholesale trade sector with an annual pay of $41,330. Locally, since the year 2001, the annual average wages in the industry have grown by 19.4 percent or $6,706. The State of Texas has a different employment climate in the wholesale trade industry, ranking in the middle of sectors by 2004 industry pay.

The Accommodation and food services industry decreased the most in percent of total employment in the Lubbock MSA, since the year 2001, moving from making up 13.4 percent of total employment in 2001 to 0 percent of total employment in the year 2005.

In Lubbock, Health care and social assistance, Retail Trade and Wholesale trade industries have the highest United States location quotient (LQ). The Health care and social assistance sector in the county has a location quotient of 1.32. In other words, the percent of total jobs in the Health care and social assistance industry is 1.32 times greater than the national average, signifying that Lubbock produces more than its local requirement of products and/or services of Health care and social assistance.

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