Texarkana, TX-AR

Texarkana Metro Area industry wages have increased by 23.0% percent since 2001

2007-03-19T01:53:00.001-07:00

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Since 2001, industry wages increased in the Texarkana Metro Area by a total of 23.0%. This is greater than the growth in wages for the State of Texas 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.

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

2007-02-27T23:02:00.001-08:00

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The average total wages in all industries in Texarkana, TX-AR can be described as medium-low when analyzed with other Metro Areas in the United States. The overall wages are 26.1 percent lower than the with an state average of $41,186. The average industry wage 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.

Texarkana Five-Year Industry Employment Change

2007-02-11T20:07:00.001-08:00

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

The Private households industry has seen the largest percentage drop in employment, losing 54.6 percent of the jobs from 2001 to 2006. These have declined faster than the industry has seen in the Texas, where the it saw a loss of 2.5 percent. The losses in the Private households industry in Texarkana outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 19.8 in percent of jobs in the Private households industry.

Top 5 Industries
1. Private households (54.6 percent decline)
2. Gasoline stations (52.1 percent decline)
3. Insurance carriers (49.3 percent decline)
4. Civic and social organizations (25.5 percent decline)
5. Furniture stores (24.5 percent decline)

Total industry employment has increased by 1.8 percent since the 2nd Quarter figures of 2001. This change is less than growth in Texas, which went through a gain of 4.8 percent since 2001 ( 2nd Quarter). The gains felt were less than than the gain experienced overall in the US of 2.6 percent.

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

The Unclassified industry has seen the largest percentage job growth, expanding by 1800.0 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Texarkana has added employment faster than the industry job growth experienced in Texas, where the industry felt a gain of 222.1 percent. The Unclassified industry in Texarkana outpaced the nation in terms of industry employment growth . During this period, the nation gained 1.7 percent of the industry employment.

Top 5 Industries
1. Unclassified (1800.0 percent gain)
2. Specialized freight trucking (145.8 percent gain)
3. Motor vehicle and parts merchant wholesalers (93.8 percent gain)
4. Insurance agencies, brokerages, and related (76.7 percent gain)
5. Other professional and technical services (39.6 percent gain)

Total Five-Year Employment Decline in the Texarkana Metro Area

Of the area's industries (4-digit NAICS), the Gasoline stations industry has lost the most employment with a total loss of 638 jobs during the time period. The jobs lost in the Gasoline stations industry make up 38.5 percent of the total job loss in Texarkana, TX-AR.

Top 5 Industries
1. Gasoline stations (638 jobs lost)
2. General freight trucking (184 jobs lost)
3. Grocery stores (177 jobs lost)
4. Traveler accommodation (95 jobs lost)
5. Private households (88 jobs lost)

Total Five-Year Employment Growth in the Texarkana Metro Area

Out of the 4-digit NAICS industries, the Depository credit intermediation industry has brought the most jobs with a total of 323 jobs added during the time period. These new jobs in the Depository credit intermediation industry makes up 17.7 percent of the total number of new jobs in Texarkana.

Top 5 Industries
1. Depository credit intermediation (323 new jobs)
2. Insurance agencies, brokerages, and related (223 new jobs)
3. Department stores (196 new jobs)
4. Motor vehicle and parts merchant wholesalers (180 new jobs)
5. Employment services (176 new jobs)

Of the 43 industries with industry data reported by the BLS in each quarter, 21 described an expansion of jobs throughout the time period, while 22 industry sectors reported declines during the time period.

In the Texarkana, TX-AR metro area, the total number of workers for all sectors has increased by 748 jobs between mid-2001 and mid-2006.

Texarkana One-Year Industry Employment Change

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Of the 69 industries with industry data reported by the BLS in each quarter, 31 described an expansion of jobs throughout the time period, while 38 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Decline in the Texarkana Metro Area

Given the industries in the area, the Other fabricated metal product manufacturing industry experienced most substantial job loss, losing 58 jobs in that time period. The declines in the Other fabricated metal product manufacturing industry make up 14.9 percent of the total job loss in Texarkana, TX-AR.

Top 5 Industries
1. Other fabricated metal product manufacturing (58 jobs lost)
2. Gasoline stations (39 jobs lost)
3. Health and personal care stores (31 jobs lost)
4. Home health care services (25 jobs lost)
5. Furniture stores (23 jobs lost)

In the Texarkana, TX-AR metro area, the total number of jobs throughout all industries has increased by 1,422 jobs between mid-2005 and mid-2006.

Total One-Year Employment Growth in the Texarkana Metro Area

Of the industries (4-digit NAICS) in the area, the Insurance agencies, brokerages, and related industry has accounted the most employment growth with a total of 198 new jobs created in the period. The job growth in the Insurance agencies, brokerages, and related industry makes up 18.0 percent of the total number of new jobs in Texarkana.

Top 5 Industries
1. Insurance agencies, brokerages, and related (198 new jobs)
2. Depository credit intermediation (152 new jobs)
3. Other specialty trade contractors (92 new jobs)
4. Services to buildings and dwellings (76 new jobs)
5. Building equipment contractors (66 new jobs)

Total industry employment has increased by 3.5 percent from 2005 (2nd Quarter). These figures are less than percent in Texas, which experienced a gain of 4 percent since 2005 ( 2nd Quarter). The gains were greater than than the gain seen for the United States of 2 percent.

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

The Unclassified industry has gone through the largest job growth by percent, increasing by 151.5 percent from 2005 to 2006. This industry in Texarkana has expanded faster than the overall industry growth seen in the State of Texas, where the industry took a gain of 28.8 percent. The Unclassified industry in Texarkana outpaced the United States, which experienced a gained 12.1 percent in this industry.

Top 5 Industries
1. Unclassified (151.5 percent gain)
2. Insurance agencies, brokerages, and related (62.6 percent gain)
3. Other personal services (40.4 percent gain)
4. Other specialty trade contractors (39.1 percent gain)
5. Activities related to credit intermediation (27.3 percent gain)

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

The Timber tract operations industry has lost the largest percent of jobs, losing 25 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 felt in the State of Texas, where the industry felt a gain of 8.8 percent. The losses in the Timber tract operations industry in Texarkana outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 0.3 percent in terms of employees in the Timber tract operations industry.

Top 5 Industries
1. Timber tract operations (25 percent decline)
2. Other miscellaneous manufacturing (24.1 percent decline)
3. Furniture stores (19.1 percent decline)
4. Insurance carriers (18.8 percent decline)
5. Vocational rehabilitation services (16.5 percent decline)

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 Texarkana, TX-AR

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Hispanic in Texarkana, TX-AR recorded a median income of $31,941, this income level is 15.3 percent less than the areas median income level for all households. The Asian headed households reported median household incomes of $65,813. This median is 74.5 percent greater than the reported median for all households in the area. The American Indian and Alaska Native householders in Texarkana had a median income of $34,240, which was 9.2 percent less than the areas median level for all households. In Texarkana, TX-AR White headed households reported household income (in 2005 Dollars) of $43,388 as reported in 2000 by the census, which was 15 percent greater than the median in the year 2000. Black or African American headed households had a median household income that was 46.8 percent less than the overall median reported in 2000, with a reported median of $20,073.

As the median household income witnessed a decline in the last five year in the Texarkana, TX-AR metro area, the Race/Ethnicity category that saw the sharpest decline in median household income was the Hispanic Race/Ethnicity category. This category went through a decline of 39.6 percent since 2000. The Asian Race/Ethnicity group has been least impacted by the median income decline in Texarkana, experiencing a 219.3 percent increase in household income level, since the year 2005.

The poverty rate in the Texarkana, TX-AR Metro has increased by 0.6 percent from the levels reported in the Decennial Census of 2000, moving from 18.2 percent to 18.8 percent.

When compared to other Metro Areas throughout the United States, the Texarkana metro area reported a relatively low median income for households of $37,718 (2005 Dollars). This median is 23.9 percent lower than the household income median in State of Texas of $46,715 and the income level is 30.3 percent lower than the median household income level in the US of $49,133.

The areas median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $31,934, which represents a 15.3 percent decline. The Texarkana, TX-AR MSA, when comparing total percent of decline, ranks 6 of 10 metro area in percent of decline for median household income in the State of Texas. Texarkana ranks 26 of 233 metro area when analyzing the decline in median household income in the United States.

Evaluated with other MSAs across the nation, the Texarkana metro area can be understood to have a relatively high poverty rate amid the residents with a poverty rate of 18.2 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 40.4 percent of the 2000 residents living in poverty. People aged Under 5 years have the most percent of people living in poverty in Texarkana, having 32.9 percent of this age group in the area living in poverty.

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

Higher Education in the Texarkana, TX-Texarkana, AR Metro Area

2006-12-19T22:53:00.000-08:00

From 2000 to 2005, the percent of the male population that can be considered highly educated has decreased by 0.4 percent. By 2005, 15.6 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 stayed the same by a total of 0.0 percent. By the year 2005, a total of 14.4 percent of the female population had achieved this level of education.

According to the 2005 American Community Survey in the Texarkana, TX-Texarkana, AR Metro Area, many men in the area have reached the High School Diploma category, with 37.8 percent receiving this level of education. The women in the Texarkana metro area have achieved a lower level of higher education (Bachelors or Higher) than men -- 15.6 percent (Men) versus 14.4 percent (Women). The most common level of education for women in the area is High School Diploma category, with 35.4 percent of the women population in the area achieving this level of education.

Texarkana, TX-Texarkana, AR Metro Area is made up of a less-educated 2005 population, with 15 percent of the population over 25 years old having received at least a Bachelors Degree, according to the American Community Survey of 2005. The Texarkana MSA has a lower 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 year 2000, the Texarkana metro area has not changed in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has not changed by 0.0 percent to a total of 15 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is less than the 2005 State of Texas percent of 25.2 and less than the average US percent of 27.2.

In the Texarkana, TX-Texarkana, AR Metro Area according the 2005 American Community Survey, 15.2 percent of the White Alone, 13.2 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.

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

Demographic Profile for Texarkana, TX-AR

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The Texarkana metro area had an estimated population of 133,805 in 2005. The estimated population has increased, since the population in 2000 of 129,754. This growth signifies an increase of 3.1 percent. Texarkana ranks 20 of 25 MSAs when calculating total change in population for Texas and the metro area ranks 254 of 361 metro areas by growth in MSA population in the United States.

From 2000, a medium-low amount of people have migrated into the Texarkana metro area, with 426 people migrating in internationally. The migration from outside the US into Texarkana totals 0.1 percent of immigration into the State of Texas. This percent of international migration is medium-low when analyzed against immigration per population in 2005.

By measuring total land area, the Texarkana metro area encompasses a total area of 1512 total square miles. The area has a medium-low average population density of 89 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- College Station-Bryan (90 per sq. mile ), Charlottesville (90 per sq. mile ), Danville (92 per sq. mile ), -- less densely populated -- Bellingham (87 per sq. mile ), Winchester (86 per sq. mile ), Albuquerque (86 per sq. mile ).

The Texarkana metropolitan statistical area (MSA) has a population that is made up of 69.7 percent White, 23.8 percent African American, 0.5 percent Asian, and 4.2 percent Hispanic. The population mix can be considered to have a high level of racial and ethnic diversity, with 28.5 percent of minorities in the 2005 population base. This is less than the State of Texas percent of 49.5. Since 2000, Texarkana has increased the percent of minority population when 27.3 percent of the population were minorities.

In the year 2005, the U.S. Census Bureau estimates the median age in the Texarkana metro area to be 37.2 years old. The median in Texarkana is greater than the median in Texas of 33.2. Since 2000, the area has experienced an increase in the median age, when it was 35.8 years old. With 27.3 percent of the population in 2005 being comprised of children and youth younger than 18, Texarkana can be understood as having a medium-high proportion of youths. The 18 to 64 years old population group has a medium-low presence of the population, with 61.6 percent of the population within the age group. People 65 and older make up 13.4 percent of the population. When compared to other metro areas in the United States, this represents a medium-low percent of the population.

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

Housing Report for Texarkana

2006-11-11T22:16:00.000-08:00

In Texarkana, there were a total of 56,885 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a total of 1,829 residential units since 2001, or 3.3 percent.

Texarkana recorded a median home value in 2005 of $70,800, published by the American Community Survey. This value is less than the overall Texas 2005 home median value of $106,000 and less than home value of $167,500 for the United States in the same year.

Texarkana may be described as having a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey counted that 0.7 percent of owner-occupied dwellings were valued over a half a million dollars.

The residential home values in Texarkana, Texas have seen small increases from the real estate values reported in 2000. The valuations have increased by $5,200, or 7.9 percent, from 2000 when they had reported median values of $65,600.

In the State of Texas, Texarkana is positioned 17 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 264 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

There is a large amount of real estate that is affordable in Texarkana, Texas. In 2005, 82.1 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

Employment Report for Texarkana, TX, Texas -- Annual 2005 Industry Summary

2006-11-05T03:19:00.000-08:00

The Texarkana Metropolitan Area is ranked at 296 of 363 throughout the US by total number of jobs in 2005. This position has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 286 of 363 Counties.

A top paying industry in Texarkana, TX is the mining industry with an average annual wage of $60,460. Locally, since the year 2001, the industry annual average pay has declined by 33.6 percent or $30,575. The State of Texas holds the same economic condition in the mining industry, ranking at the top of industries in terms of 2004 annual average wages.

In Texarkana, TX, Retail Trade, Manufacturing, and the Accommodation and food services sectors, in terms of total employment, are the largest. Retail Trade provides the most jobs and contributes 17.4 percent of all the jobs in the Metropolitain Area. This makes up 7,117 individuals. The Manufacturing and Accommodation and food services industries make up 13.6 and 11.3 percent of all employment.

Manufacturing has the largest employers in Texarkana, TX MSA, with the industry averaging 48 workers per each place of employment, being greater than the US industry average of 39 and greater than the Texas average establishment size of 38 for the Manufacturing industry.

The Health care and social assistance sector has decreased the most in local industry presence in the Texarkana, TX Metropolitan Area since 2001, going from making up 20 percent of employment in 2001 to 0 percent of employment in 2005.

Arts, entertainment, and recreation saw the biggest increase in jobs since the year 2001 in Texarkana, TX, with a job growth of 21.2 percent. This is greater than the rate of industry employment change in the United States of 4.7 percent. The State of Texas felt a shift in employment in the industry of 8.3 percent, in the course of time since 2001.

In Texarkana, TX, Retail Trade, Accommodation and food services and Manufacturing industries, in terms of United States location quotient, are the most dominant in the region. The Retail Trade sector has a United State LQ of 1.26. The percent of employment in the Retail Trade sector is 1.26 times greater than the US average, showing signs that Texarkana, TX may specialize, or be an exporter of Retail Trade.

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