Waco, TX

Waco Metro Area industry wages have increased by 18.7% percent since 2001

2007-03-19T02:15:00.001-07:00

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Industry wages, from 2001 to 2006, have increased in the Waco Metro Area by a total of 18.7%. This is greater than the growth in industry wages for Texas and greater 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.

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

2007-02-27T23:11:00.001-08:00

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Wages in all industries in Waco, TX can be understood as being medium-low when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 23.9 percent lower than the state, which was reported to be $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.

Waco Five-Year Industry Employment Change

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

Total Five-Year Employment Decline in the Waco Metro Area

Of the area's industries (4-digit NAICS), the Business support services industry experienced most substantial job loss, losing 1,118 jobs during the time period. The jobs lost in the Business support services industry make up 19.5 percent of the employment lost during the period in Waco, TX.

Top 5 Industries
1. Business support services (1,118 jobs lost)
2. Nonresidential building construction (301 jobs lost)
3. Management of companies and enterprises (270 jobs lost)
4. Department stores (248 jobs lost)
5. Civic and social organizations (231 jobs lost)

In the Waco, TX metro area, the total number of workers for all sectors has increased by 3,182 jobs from mid-2001 to mid-2006.

Of the 128 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 65 described an expansion of jobs throughout the time period, while 63 industries reported a drop in employment.

Total Five-Year Employment Growth in the Waco Metro Area

The Full-service restaurants industry has grown the most with 598 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 10.3 percent of the total number of new jobs in Waco.

Top 5 Industries
1. Full-service restaurants (598 new jobs)
2. Home health care services (514 new jobs)
3. Other general merchandise stores (298 new jobs)
4. Office administrative services (272 new jobs)
5. Services to buildings and dwellings (246 new jobs)

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

The Other ambulatory health care services industry has lost the biggest percent of jobs, losing 63.8 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has gone through in the Texas, where the it saw a gain of 28.7 percent. The losses in the Other ambulatory health care services industry in Waco outpaced the United States industry losses overall. During this period, the United States gained 21.3 percent in terms of employment in the Other ambulatory health care services industry.

Top 5 Industries
1. Other ambulatory health care services (63.8 percent decline)
2. Amusement parks and arcades (61 percent decline)
3. Support activities for road transportation (60.7 percent decline)
4. Metalworking machinery manufacturing (59.2 percent decline)
5. Other personal services (58.8 percent decline)

Employment for all industries has increased by 4 percent from the reported values in 2001. These values are less than growth in Texas, experiencing a gain of 4.8 percent since the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain experienced overall in the US of 2.6 percent.

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

The Unclassified industry has experienced the largest percentage growth, expanding by 1094.6 percent from 2001 to 2006. This industry in Waco has increased employment faster than the overall industry growth seen in the State of Texas, where this industry saw a gain of 222.1 percent. The Unclassified industry in Waco outpaced the United States, which experienced a gained 1.7 percent in this industry.

Top 5 Industries
1. Unclassified (1094.6 percent gain)
2. Office administrative services (360.6 percent gain)
3. Computer systems design and related services (169.6 percent gain)
4. Specialized freight trucking (121.9 percent gain)
5. Electronic markets and agents and brokers (90.3 percent gain)

Waco One-Year Industry Employment Change

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In the Waco, TX metro area, the entire sum of jobs in all of the industries has increased by 639 total jobs from 2005 to 2006.

Of the 142 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 60 reported job growth in the duration of the year and 82 industry sectors reported declines during the time period.

Total One-Year Employment Growth in the Waco Metro Area

Out of the 4-digit NAICS industries, the Employment services industry has brought the most jobs with a total of 250 jobs added during the time period. These new jobs in the Employment services industry makes up 8.2 percent of the total growth in Waco.

Top 5 Industries
1. Employment services (250 new jobs)
2. Services to buildings and dwellings (249 new jobs)
3. Machinery and supply merchant wholesalers (151 new jobs)
4. Building material and supplies dealers (144 new jobs)
5. Building equipment contractors (143 new jobs)

Total One-Year Employment Decline in the Waco Metro Area

The Business support services industry faced the greatest employment loss with a total loss of 264 jobs. The declines in the Business support services industry make up 13.1 percent of the total job loss in Waco, TX.

Top 5 Industries
1. Business support services (264 jobs lost)
2. Building foundation and exterior contractors (212 jobs lost)
3. Full-service restaurants (156 jobs lost)
4. Department stores (102 jobs lost)
5. Lawn and garden equipment and supplies stores (98 jobs lost)

Employment for all industries has increased by 0.8 percent from 2005 (2nd Quarter). These figures are less than percent in Texas, experiencing a gain of 4 percent from 2005 (2nd Quarter). The gains the area experienced were less than than the gain seen for the United States of 2 percent.

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

The Remediation and other waste services industry has seen the largest percentage job growth, expanding by 125.9 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Waco has increased employment faster than the industry has grown in the State of Texas, where the industry felt a gain of 13.2 percent. The Remediation and other waste services industry in Waco outpaced the nation in terms of industry employment growth . During this period, the nation gained 4.1 percent of the industry employment.

Top 5 Industries
1. Remediation and other waste services (125.9 percent gain)
2. Performing arts companies (71.2 percent gain)
3. Unclassified (63.1 percent gain)
4. Electronic markets and agents and brokers (45.0 percent gain)
5. Wireless telecommunications carriers (29.9 percent gain)

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

The Support activities for road transportation industry has lost the largest percent of jobs, losing 61.9 percent from 2005 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Texas, where the industry reported a gain of 5.7 percent. The losses in the Support activities for road transportation industry in Waco outpaced the US in terms of percent of decline of industry employment. The US gained 1.2 percent in terms of employment in the Support activities for road transportation industry.

Top 5 Industries
1. Support activities for road transportation (61.9 percent decline)
2. Lawn and garden equipment and supplies stores (38.2 percent decline)
3. Household goods repair and maintenance (36.8 percent decline)
4. Farm product raw material merch. whls. (25.7 percent decline)
5. Freight transportation arrangement (25 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 Waco, TX

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The median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $36,135, which amounts to a 8 percent decline. The Waco, TX MSA, when comparing total percent of decline, ranks 17 of 22 metro area in percent of decline for household income in Texas. Waco ranks 119 of 233 metro area in terms of the decline in median household income in the United States.

In Waco, TX White headed households reported household income (in 2005 Dollars) of $43,552 according to the 2000 Dencennial Census, which was 10.9 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 37.3 percent less than the all population median published in the 2000 Census, with a median of $24,618. The Asian householders in the area have reported their median household incomes at $28,599. This median income level is 27.2 percent less than the reported median household income for all households in the area. Hispanic Householders in Waco, TX , according to the 2000 census, had a median household income of $33,850, this median household income is 13.8 percent less than the areas median income level for all households. The American Indian and Alaska Native households in Waco reported a median household income of $35,800, this level was 8.8 percent less than the median for all households.

The poverty rate in the Waco, TX Metro has increased by 1.2 percent from the levels reported in the Decennial Census of 2000, moving from 17.6 percent to 18.8 percent.

Compared to other MSAs throughout the nation, the Waco metro area reported a relatively low median income for all households of $39,265 (Adjusted to 2005 Dollars). This figure is 19 percent lower than the median in State of Texas of $46,715 and the median is 25.1 percent lower than the median household income in the United States of $49,133.

While household income level experienced a decline from 2000 to 2005 in the Waco, TX metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic Race/Ethnicity category. This category went through a decline of 35.1 percent since the year 2000. The Asian population category was least influenced by the median household income decline in Waco, encountering a 10.5 percent decline in median income, since the values reporting the 2000 Decennial Census.

Contrasted against to other Metropolitan Areas throughout the US, the Waco metro area can be understood to have a relatively high rate of poverty among the people, accounting a rate of 17.6 percent of people living in a family with an income below the poverty level in 1999. The Asian race/ethnicity population cohort, has the uppermost poverty rate with 32.3 percent of the 2000 population living in poverty. People that are of the age Under 5 years are witness to the most percent living in poverty in Waco, having 25.8 percent of this demographic group living with incomes under poverty.

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

Higher Education in the Waco, TX Metro Area

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Since 2000, the Waco metro area has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 2.2 percent to a total of 21.4 percent in 2005, as reported by the American Community Survey. The proportion of the 2005 population having received at least a BA is less than the State of Texas percent of 25.2 and less than the average US percent of 27.2.

Waco, TX Metro Area can be considered to have a moderately-educated working age population, with 21.4 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2005 American Community Survey. The Waco MSA is reported having a lower percent of population with high education level than the State of Texas's proportion of 25.2 percent and a lower percent than United States proportion of 27.2 percent.

According to the 2005 American Community Survey in the Waco, TX Metro Area, many men in the area have reached the Some College or Associates Degree category, with 30.8 percent receiving this level of education. The women in the Waco metro area have on average achieved a greater level of higher education (Bachelors or Higher) than men; 21.4 percent (Men) versus 21.4 percent (Women). Many of the women in the area achieving a High School Diploma category, with 30 percent of the areas female population attaining this level of education.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has increased by 0.4 percent. By 2005, 21.4 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 3.8 percent. By 2005, a total of 21.4 percent of the female population had achieved this level of education.

In the Waco, TX Metro Area according the 2005 American Community Survey, 23.2 percent of the White Alone, 13.2 percent of Black or African American, . percent of the Asian alone and 2.4 percent of the Hispanic or Latino (+25) population has achieved at least a Bachelors Degree.

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

Demographic Profile for Waco, TX

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When calculating the total land area, the Waco metro area spans a total area of 1042 square miles. This area has a medium-high population density of 216 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Las Vegas-Paradise (216 per sq. mile ), Hickory-Lenoir-Morganton (217 per sq. mile ), Weirton-Steubenville (218 per sq. mile ), -- less densely populated -- Johnstown (215 per sq. mile ), Panama City-Lynn Haven (212 per sq. mile ), Ithaca (210 per sq. mile ).

The Waco metro area had a total estimated population of 224,668 in 2005. The total population has increased, since the population in 2000 of 214,040. This growth denotes an increase of 5 percent. Waco ranks 12 of 25 MSAs when analyzing total population change in Texas and the metro area ranks 169 of 361 metro areas when calculating the total change in MSA population across the US.

Since the year 2000, a high amount of people have migrated into the Waco metro area, with 3,278 people migrating in internationally. The international migration into Waco makes up 0.5 percent of the total international migration into the State of Texas. This level of international migration can be considered high when analyzed against the base population in the year 2005 and compared to other metro areas across the US.

The Census Bureau estimates in 2005 the median age in the Waco metro area to be 32.4 years old. The median age in Waco is less than the median age in Texas of 33.2. Since 2000, the area has experienced an increase in this median, when at that time it was 31.9 years of age. With 16.2 percent of the population in 2005 being comprised of children and youth younger than 18, Waco can be understood as having a medium-high proportion of youths. The 18 to 64 years old population group has a medium-low representation within the estimated 2005 area population, making up 61.6 percent of the population within the age group. People 65 and older make up 13.4 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.

The Waco metropolitan statistical area (MSA) has a population base that is comprised of 62 percent White, 14.7 percent African American, 1.3 percent Asian, and 20.6 percent Hispanic. The area population base can be described as having a high level of racial and ethnic diversity, with 36.6 percent of minorities in the 2005 population base. This is less than the State of Texas percent of 49.5. Since 2000, Waco has increased the percent of minority population when 34.3 percent of the people were minorities.

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

Housing Report for Waco

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In Waco, the census reported 89,797 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a sum of 3,978 housing units since the year 2001, or 4.6 percent.

The residential real estate values in Waco, Texas have seen large increases from the housing values in 2000. The residential values have increased by $21,500, or 31.8 percent, from 2000 when they had reported median values of $67,700.

Looking across the State of Texas, Waco stands 13 of the 25 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 208 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

Waco had a median home value in the year 2005 of $89,200, according to the American Community Survey. This home value is less than the overall State of Texas 2005 median owner-occupied dwelling value of $106,000 and less than median home value of $167,500 across the nation during that year.

Waco is made up of a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reports that 1.5 percent of the areas residential property was valued over $500k.

There seems to be a large amount affordable residential real estate in Waco, Texas. In 2005, 69.3 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

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

2006-11-05T03:36:00.000-08:00

A well-paying sector in Waco is the utilities industry with wages that annually pay $66,733. Locally, since the year 2001, the annual average wages in the industry have grown by 45.6 percent or $20,905. The State of Texas shows a similar employment climate in the utilities industry, falling near the top of sectors according to average 2004 industry pay.

Mining is the industry that has grown the most in terms of employment from 2001-2005 in Waco, changing a total of 68.5 percent. This is greater than the United States industry change in employment of 4.7 percent. The State of Texas underwent a employment change in the industry of 8.9 percent, in the recent period of 2001-2005.

Administrative and waste services since the year 2001 was faced with the largest loss in employment in the Waco MSA. The sector faced a loss of 611 employees during the period, or 10.6 percent of employment in the sector. These losses made up 25.7 percent of all employment losses in the Metro Area.

In Waco, Educational services, Utilities and Manufacturing industries have the highest United States location quotient (LQ). The Educational services sector has a United State LQ of 1.82. In other words, the percent of total jobs in the Educational services industry is 1.82 times greater than the US average, showing signs that Waco specializes in Educational services.

Educational services has a largest number of employees per establishment in Waco Metro Area. The industry averages 71 jobs per establishment, which is greater than the US industry average of 27 and greater than the Texas establishments size average of 22 for the Educational services industry.

In Waco, Manufacturing, Health care and social assistance, and the Retail Trade sectors, in terms of total employment, are the largest. Manufacturing is the major employer in the Metropolitan Area making up 19 percent of total employment in the Metro Area, making up 15,737 individuals. The Health care and social assistance and Retail Trade sectors account for 15 and 13.5 percent of total employment, respectively.

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