Memphis, TN-MS-AR

Memphis Metro Area industry wages have increased by 17.2% percent since 2001

2007-03-19T01:20:00.001-07:00

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Since 2001, industry wages increased in the Memphis Metro Area by a total of 17.2%. This is less than the growth in wages for the State of Tennessee and greater than the growth in industry wages across 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.

Memphis Metro Area Industry Wages Exceed Tennessee, but Wages Lag Behind the United States Industry Wages

2007-02-27T22:24:00.001-08:00

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The overall industry wages in Memphis, TN-MS-AR can be understood as being relatively high when compared to other Metro Areas throughout the US in the 2nd quarter of 2006. The industry wages are 5.6 percent higher than the state, which accounted an average of $36,146. The average pay was less than the overall average in the United States 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.

Memphis Five-Year Industry Employment Change

2007-02-11T13:54:00.001-08:00

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

The Religious organizations industry has seen the largest percentage job growth, expanding by 202.2 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Memphis has grow faster than the overall industry growth seen in the State of Tennessee, where it saw a gain of 46.5 percent. The Religious organizations industry in Memphis outpaced the nation in terms of industry employment growth . During this period, the nation gained 12.8 percent.

Top 5 Industries
1. Religious organizations (202.2 percent gain)
2. Other ground passenger transportation (113.0 percent gain)
3. Other investment pools and funds (29.3 percent gain)
4. Animal aquaculture (12.7 percent gain)
5. Apparel and piece goods merchant wholesalers (7.1 percent gain)

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

The ISPs and web search portals industry has lost the largest amount of employment in terms of percentage, losing 89.3 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Tennessee, where the industry reported a loss of 47.8 percent. The losses in the ISPs and web search portals industry in Memphis outpaced the United States industry losses overall. During this period, the United States lost 32.7 percent in terms of employment in the ISPs and web search portals industry.

Top 5 Industries
1. ISPs and web search portals (89.3 percent decline)
2. Sound recording industries (88.9 percent decline)
3. Communications equipment manufacturing (88 percent decline)
4. Data processing and related services (82.6 percent decline)
5. Unclassified (77.9 percent decline)

Employment for all industries has increased by 2.8 percent since the 2nd Quarter of 2001. This is less than growth in the State of Tennessee, which experienced a gain of 3.3 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain seen for the United States of 2.6 percent.

In the Memphis, TN-MS-AR metro area, the total number of workers for all sectors has increased by 14,480 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Decline in the Memphis Metro Area

Of the area's industries (4-digit NAICS), the Pulp, paper, and paperboard mills industry has lost the most employment with a total loss of 541 jobs in that time period. The declines in the Pulp, paper, and paperboard mills industry make up 23.4 percent of the employment lost during the period in Memphis, TN-MS-AR.

Top 5 Industries
1. Pulp, paper, and paperboard mills (541 jobs lost)
2. Data processing and related services (437 jobs lost)
3. Unclassified (370 jobs lost)
4. ISPs and web search portals (352 jobs lost)
5. Sound recording industries (335 jobs lost)

Total Five-Year Employment Growth in the Memphis Metro Area

Of the industries (4-digit NAICS) in the area, the Other ground passenger transportation industry has added the most employment with 273 new jobs created in the period. The job growth in the Other ground passenger transportation industry makes up 33.2 percent of the growth in Memphis.

Top 5 Industries
1. Other ground passenger transportation (273 new jobs)
2. Gasoline stations (254 new jobs)
3. Religious organizations (125 new jobs)
4. Apparel and piece goods merchant wholesalers (110 new jobs)
5. Other investment pools and funds (53 new jobs)

Out of the 13 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 7 showed an escalation in the number employed, while 6 industries reported employment loss in the period.

Memphis One-Year Industry Employment Change

2007-01-11T16:58:00.000-08:00

Given the 149 4-digit NAICS industries, 63 described an expansion of jobs throughout the time period, while 85 industries reported employment loss in the period.

Total One-Year Employment Decline in the Memphis Metro Area

The Management and technical consulting services industry witnessed the largest drop in employment, losing a total of 552 jobs. The declines in the Management and technical consulting services industry make up 12.8 percent of the employment lost during the period in Memphis, TN-MS-AR.

Top 5 Industries
1. Management and technical consulting services (552 jobs lost)
2. Automobile dealers (233 jobs lost)
3. Other residential care facilities (228 jobs lost)
4. Pulp, paper, and paperboard mills (210 jobs lost)
5. Travel arrangement and reservation services (196 jobs lost)

Total One-Year Employment Growth in the Memphis Metro Area

Of the industries (4-digit NAICS) in the area, the Full-service restaurants industry has accounted the most employment growth with a total of 1,650 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 11.1 percent of the growth in Memphis.

Top 5 Industries
1. Full-service restaurants (1,650 new jobs)
2. Limited-service eating places (1,354 new jobs)
3. HVAC and commercial refrigeration equipment (1,306 new jobs)
4. Employment services (1,230 new jobs)
5. Investigation and security services (509 new jobs)

In the Memphis, TN-MS-AR metro area, the entire sum of jobs in all of the industries has increased by 13,234 jobs between mid-2005 and mid-2006.

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

The Other residential care facilities industry has lost the largest percent of jobs, losing 57.8 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has gone through in the Tennessee, where the industry reported a loss of 9.7 percent. The losses in the Other residential care facilities industry in Memphis outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 0.8 in percent of jobs in the Other residential care facilities industry.

Top 5 Industries
1. Other residential care facilities (57.8 percent decline)
2. Unclassified (51.1 percent decline)
3. Travel arrangement and reservation services (39.7 percent decline)
4. Land subdivision (22.7 percent decline)
5. Religious organizations (21.5 percent decline)

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

The Sea, coastal, and Great Lakes transportation industry has witnessed the largest percentage of employment expansion, increasing by 308.3 percent from 2005 to 2006. This industry in Memphis has expanded faster than the growth seen in the industry for Tennessee, where it saw a gain of 284.6 percent. The Sea, coastal, and Great Lakes transportation industry in Memphis outpaced the nation in terms of industry employment growth . During this period, the nation gained 3.6 percent of the industry employment.

Top 5 Industries
1. Sea, coastal, and Great Lakes transportation (308.3 percent gain)
2. Other heavy construction (126.8 percent gain)
3. Promoters of performing arts and sports (80.4 percent gain)
4. Wireless telecommunications carriers (76.8 percent gain)
5. HVAC and commercial refrigeration equipment (62.2 percent gain)

Total industry employment has increased by 2.6 percent from 2005 (2nd Quarter). These figures are greater than growth in Tennessee, which experienced a gain of 1.9 percent from 2005 (2nd Quarter). The gains the area experienced 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.

Higher Education in the Memphis, TN-MS-AR Metro Area

2006-12-19T20:51:00.000-08:00

Memphis, TN-MS-AR Metro Area can be considered to have a moderately-educated working age population, with 23.8 percent of the population (+25) having received a BA or higher, as reported in American Community Survey of 2005. The Memphis MSA was reported to have a higher percent of population with high education level than the State of Tennessee's proportion of 21.8 percent and a lower percent than the average across the nation of 27.2 percent.

From 2000, the Memphis 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 1.2 percent to a total of 23.8 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 State of Tennessee percent of 21.8 and less than the national percent of 27.2.

Reported by the 2005 American Community Survey in the Memphis, TN-MS-AR Metro Area, a high proportion of the male population in the area have reached the High School Diploma category, with 33.2 percent achieving this level. The female population in the Memphis metro area on average have achieved a lower level of higher education (Bachelors or Higher) than men; 24 percent (Men) versus 23.4 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.

From 2000 to 2005, the percent of male population that is highly educated has stayed the same by 0.0 percent. As reported in 2005, 24 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 2.0 percent. By the year 2005, a total of 23.4 percent of the total female population achieved this high level of education.

In the Memphis, TN-MS-AR Metro Area as reported in the American Community Survey of the year 2005, 30.4 percent of the White Alone, 14.2 percent of Black or African American, 43.2 percent of the Asian alone and 13.2 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

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

Demographic Profile for Memphis, TN-MS-AR

2006-12-03T04:16:00.000-08:00

When measuring the total land area, the Memphis metro area spans a total of 4572 square miles. The MSA has a medium-high density of 276 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- Monroe (279 per sq. mile ), Denver-Aurora (282 per sq. mile ), St Louis (283 per sq. mile ), -- less densely populated -- Syracuse (273 per sq. mile ), Grand Rapids-Wyoming (273 per sq. mile ), Kalamazoo-Portage (272 per sq. mile ).

The Memphis metro area had a population of 1,260,905 in 2005. The estimated population has increased, since the population in 2000 of 1,208,331. This growth denotes an increase of 4.4 percent. Memphis ranks 2 of 10 MSAs when calculating total change in population for Tennessee and the metro area ranks 52 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 Memphis metro area to be 34.7 years of age. The median age in Memphis is less than the median age in the State of Tennessee of 37.3. Since 2000, the area has experienced an increase in the median, when the median age was 33.2 years old. With 26.9 percent of the 2005 population being comprised of individuals under the age of 18, Memphis can be described as having a medium-high proportion of youths. The 18 to 64 years old population group has a relatively high presence of the population, with 65.8 percent of the population makes up this age category. The retirement (65 and over) age group comprises 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.

The Memphis metropolitan statistical area (MSA) has a population that is made up of 49.3 percent White, 44.9 percent African American, 1.6 percent Asian, and 3.1 percent Hispanic. This area can be considered to have a very high amount of racial and ethnic diversity, with 49.6 percent minorities. This is greater than the State of Tennessee percent of 20.9. Since 2000, Memphis has increased the level of diversity when 47.1 percent of the people were minorities.

Since the year 2000, a medium-high number of individuals migrated into the Memphis metro area, with 10,753 people migrating in from outside the country. The immigration into Memphis accounts for 21.5 percent of the total migration into the State of Tennessee. This percent of international migration is medium-high when compared to international migration per 2005 population.

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

Housing Report for Memphis

2006-11-11T21:50:00.000-08:00

Memphis recorded a median home value in 2005 of $117,500, accounted by the American Community Survey. This median is greater than the overall Tennessee 2005 home median value of $114,000 and less than home value of $167,500 for the rest of the nation in that year.

Looking across the State of Tennessee, Memphis stands 3 of the 10 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 135 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Memphis is made up of a medium percentage of homes that are high in price. For 2005, the American Community Survey reported that 2.3 percent of the areas residential property was valued over $500k.

There seems to be a large amount affordable residential real estate in Memphis, Tennessee. In 2005, 53.1 percent of housing was valued under $125k.

In Memphis, the U.S. Census Bureau, Population Division accounted for a total of 527,488 housing structures in 2005. The metro area has seen a medium-high growth level in the number housing units, adding a total of 33,564 residential structures since 2001, a change of 6.8 percent.

The owner-occupied dwellings in Memphis, Tennessee have seen large increases from the real estate values reported in 2000. The valuations have increased by $24,700, or 26.6 percent, since 2000 when their medians were reported to be $92,800.

Data Source: U.S. Census Bureau

Employment Report for Memphis, TN, Tennessee -- Annual 2005 Industry Summary

2006-11-05T01:10:00.000-08:00

Real estate and rental and leasing is the industry with the largest change in employment since the year 2001 in Memphis, TN, increasing in size by 14.6 percent. This is greater than the change of total jobs in the industry for the United States of 4.3 percent. The State of Tennessee encountered a change in industry employment of 4.2 percent, since the year 2001.

Transportation and Warehousing is the industry with the largest establishments in Memphis, TN MSA. In the region, the industry averages 63 jobs per establishment, which is greater than the industry's average at the national level of 19 and greater than the State of Tennessee average establishment size of 34 for the Transportation and Warehousing industry.

In Memphis, TN, Retail Trade, Health care and social assistance, and the Transportation and Warehousing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the major employer in the Metropolitan Area making up 13.4 percent of all the jobs in the Metropolitain Area. This makes up 69,240 people employed. The Health care and social assistance and Transportation and Warehousing sectors account for 12.3 and 11.9 percent of the total jobs, respectively.

In Memphis, TN, Transportation and Warehousing, Administrative and waste services and Accommodation and food services have the highest US LQ in 2005. The Transportation and Warehousing industry has a US LQ in the region of 3.21. In other words, the percent of total jobs in the Transportation and Warehousing sector is 3.21 times the percent of the national average, This signifies that Memphis, TN may be an exporter of products or services of Transportation and Warehousing.

The Manufacturing sector has decreased the most in local industry presence in the Memphis, TN MSA, since the year 2001, moving from making up 11.4 percent of total employment for the year 2001 to 0 percent in the year 2005.

A high-wage industry in Memphis, TN is the finance and insurance industry with wages that annually pay $89,347. From the year 2001, the industry annual average wages have grown by 30.4 percent or $20,846. The State of Tennessee shows a similar employment climate in the finance and insurance sector, placing near the top of sectors by 2004 industry pay.

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