Winston-Salem, NC

Winston-Salem Metro Area industry wages have increased by 10.9% percent since 2001

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Industry wages, from 2001 to 2006, have increased in the Winston-Salem Metro Area by a total of 10.9%. This is less than the growth in industry wages for North Carolina and less 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.

Winston-Salem Five-Year Industry Employment Change

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In the Winston-Salem, NC metro area, the entire sum of jobs in all of the industries has increased by 567 total jobs from 2001 to 2006.

Given the 33 industries with industry data reported by the BLS in each quarter, 15 accounted an for increase in employment during the period and 18 industries reported employment loss in the period.

Total Five-Year Employment Growth in the Winston-Salem Metro Area

The Limited-service eating places industry has brought the most jobs with a total of 1,937 new jobs created in the period. The job growth in the Limited-service eating places industry makes up 31.3 percent of the total number of new jobs in Winston-Salem.

Top 5 Industries
1. Limited-service eating places (1,937 new jobs)
2. Offices of physicians (1,006 new jobs)
3. Other general merchandise stores (887 new jobs)
4. Full-service restaurants (722 new jobs)
5. Services to buildings and dwellings (413 new jobs)

Total Five-Year Employment Decline in the Winston-Salem Metro Area

Of the area's industries (4-digit NAICS), the Accounting and bookkeeping services industry faced the greatest employment loss with a total loss of 650 jobs during the time period. The jobs lost in the Accounting and bookkeeping services industry make up 26.5 percent of the total employment decline in Winston-Salem, NC.

Top 5 Industries
1. Accounting and bookkeeping services (650 jobs lost)
2. Printing and related support activities (332 jobs lost)
3. Department stores (280 jobs lost)
4. Architectural and engineering services (219 jobs lost)
5. Building equipment contractors (178 jobs lost)

Total employment has increased by 0.3 percent since the 2nd Quarter figures of 2001. This change is less than growth in the State of North Carolina, experiencing a gain of 1.9 percent from 2001 (2nd Quarter). The gains felt were less than than the gain seen for the United States of 2.6 percent.

The Winston-Salem Metro Area: Five-Year Percentage Decline in Employment

The Accounting and bookkeeping services industry has lost the biggest percent of jobs, losing 50.8 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of North Carolina, where the industry felt a loss of 7.1 percent. The losses in the Accounting and bookkeeping services industry in Winston-Salem outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 0.2 percent in terms of employment in the Accounting and bookkeeping services industry.

Top 5 Industries
1. Accounting and bookkeeping services (50.8 percent decline)
2. Technical and trade schools (38 percent decline)
3. Soap, cleaning compound, and toiletry mfg. (34.7 percent decline)
4. Specialized freight trucking (26.3 percent decline)
5. Architectural and engineering services (24.1 percent decline)

The Winston-Salem Metro Area: Five-Year Percentage Growth in Employment

The Other textile product mills industry has witnessed the largest percentage of employment expansion, increasing by 116.9 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Winston-Salem has increased employment faster than the industry job growth experienced in North Carolina, where this industry saw a loss of 30.6 percent. The Other textile product mills industry in Winston-Salem outpaced the national average, which felt a lost 15.8 percent of the employment in this industry.

Top 5 Industries
1. Other textile product mills (116.9 percent gain)
2. Other ambulatory health care services (49.3 percent gain)
3. Other general merchandise stores (44.8 percent gain)
4. Chemical merchant wholesalers (43.0 percent gain)
5. Limited-service eating places (37.1 percent gain)

Winston-Salem One-Year Industry Employment Change

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The Winston-Salem Metro Area: One-Year Percentage Decline in Employment

The Used merchandise stores industry has lost the largest amount of employment in terms of percentage, losing 61.8 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of North Carolina, where the industry sector experienced a loss of 1.8 percent. The losses in the Used merchandise stores industry in Winston-Salem outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 0.4 in percent of workers in the Used merchandise stores industry.

Top 5 Industries
1. Used merchandise stores (61.8 percent decline)
2. Technical and trade schools (36.2 percent decline)
3. Other crop farming (36 percent decline)
4. Other residential care facilities (35.7 percent decline)
5. Cattle ranching and farming (33.3 percent decline)

The Winston-Salem Metro Area: One-Year Percentage Growth in Employment

The Plastics product manufacturing industry has experienced the largest percentage growth, expanding by 64.7 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Winston-Salem has added employment faster than the overall industry growth seen in the State of North Carolina, where it saw a gain of 13.6 percent. The Plastics product manufacturing industry in Winston-Salem outpaced the nation in terms of industry employment growth . During this period, the nation gained 1 percent in this industry.

Top 5 Industries
1. Plastics product manufacturing (64.7 percent gain)
2. Unclassified (57.6 percent gain)
3. Individual and family services (45.0 percent gain)
4. Fiber, yarn, and thread mills (40.3 percent gain)
5. Support activities for crop production (35.4 percent gain)

Total industry employment has increased by 1.7 percent since the 2nd Quarter of 2005. This is less than percent in the State of North Carolina, which saw a gain of 2.7 percent from the 2nd Quarter of 2005. The gains in the area were less than than the gain reported at the US level of 2 percent.

Total One-Year Employment Decline in the Winston-Salem Metro Area

The Insurance carriers industry experienced most substantial job loss, losing 458 jobs. The declines in the Insurance carriers industry make up 24.0 percent of the employment lost during the period in Winston-Salem, NC.

Top 5 Industries
1. Insurance carriers (458 jobs lost)
2. Gasoline stations (247 jobs lost)
3. Used merchandise stores (239 jobs lost)
4. Other residential care facilities (202 jobs lost)
5. Household and institutional furniture mfg. (110 jobs lost)

Out of the 89 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 35 showed an escalation in the number employed, while 54 industries reported employment loss in the period.

In the Winston-Salem, NC metro area, the entire sum of jobs in all of the industries has increased by 3,131 total jobs from 2005 to 2006.

Total One-Year Employment Growth in the Winston-Salem Metro Area

From the industries (4-digit NAICS) in the area, the Employment services industry has accounted the most employment growth with a total of 889 new jobs created in the period. The job growth in the Employment services industry makes up 15.3 percent of the growth in Winston-Salem.

Top 5 Industries
1. Employment services (889 new jobs)
2. Fiber, yarn, and thread mills (611 new jobs)
3. Plastics product manufacturing (607 new jobs)
4. Home health care services (527 new jobs)
5. Individual and family services (429 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 Winston-Salem, NC

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The median household income in the area has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $42,444, representing a 6.1 percent decline. The Winston-Salem, NC MSA, when comparing total percent of decline, ranks 9 of 10 metro area in percent of decline for the household income level in the State of North Carolina. Winston-Salem ranks 94 of 233 metro area in terms of the decline in household income across the nation.

As the median income level saw a decline in the last five year in the Winston-Salem, NC metro area, the Race/Ethnicity category that felt the biggest decline in household income was the Race/Ethnicity category. This category went through a of . percent since the year 2000. The population category was least influenced by the median household income decline in Winston-Salem, undergoing a . percent in median income, since the values reporting the 2000 Decennial Census.

The poverty rate in the Winston-Salem, NC Metro has increased by 1.0 percent from the rates reported in the Decennial Census, moving from 12.9 percent to 13.9 percent.

When compared to other Metro Areas across the United States, the Winston-Salem metro area may be understood as having a medium-high rate of poverty among the people, accounting a rate of 12.9 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 27.1 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the most percent of people living in poverty in Winston-Salem, with 19.4 percent of the population in this age category living in poverty.

In Winston-Salem, NC White householders had a median income (2005 Dollars) of $48,284 as reported in 2000 by the census, which was 6.8 percent greater than the median in 2000. Hispanic households in Winston-Salem, NC recorded a median income of $39,261, this median household income is 13.1 percent less than reported value of the areas total household median income for all households. Black or African American householders reported household income levels that were 34.7 percent less than the overall reported level in 2000, with a reported median of $29,524. The households that were headed by an American Indian and Alaska Native individual in Winston-Salem had a median household income level of $40,887, this level was 9.5 percent less than the median level for total households in the area. According to the 2000 Census, the Asian headed households in the area have median household incomes of $50,352. This household income level is 11.4 percent greater than the reported median household income for all households in the area.

Compared to Metro Areas across the United States, the Winston-Salem metro area was reported to have a medium-high median income for all households of $45,199 (Adjusted to 2005 Dollars). This is 1.4 percent lower than the median in North Carolina of $45,845 and the median household income is 8.7 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 Winston-Salem, NC Metro Area

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From 2000 to 2005, the percent of male population that is highly educated has decreased by 1.0 percent. By the year 2005, 27 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 decreased by a total of 0.4 percent. By 2005, a total of 24 percent of the female population having received at least a Bachelors Degree.

Winston-Salem, NC Metro Area can be considered to have a moderately-educated working age population, with 25.4 percent of the population (+25) having received a BA or higher, as reported in American Community Survey of 2005. The Winston-Salem MSA counted a higher percent of the population with at least a Bachelors than the State of North Carolina's proportion of 25.2 percent and a lower percent than the US proportion of 27.2 percent.

Since 2000, the Winston-Salem metro area has decreased in the percent of the population that is over the age of 25 with a BA or Higher. This population cohort has declined by 0.6 percent to a total of 25.4 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is greater than the State of North Carolina percent of 25.2 and less than the average US percent of 27.2.

The American Community Survey reported that in the Winston-Salem, NC Metro Area, a high proportion of the male population in the area have reached the High School Diploma category, with 30.2 percent receiving this level of education. The women in the Winston-Salem metro area have attainment on average a lower level of higher education (Bachelors or Higher) than men; 27 percent (Men) versus 24 percent (Women). Many of the women in the area achieving a High School Diploma category, with 31 percent of women in the area reaching this education level.

In the Winston-Salem, NC Metro Area according to the American Community Survey of 2005, 26.4 percent of the White Alone, 19.8 percent of Black or African American, . percent of the Asian alone and 10.2 percent of the Hispanic or Latino population, over the age 25, has achieved at least a Bachelors Degree.

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

Demographic Profile for Winston-Salem, NC

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The Winston-Salem metropolitan statistical area (MSA) has a population base that is comprised of 70 percent White, 19.5 percent African American, 1 percent Asian, and 8.3 percent Hispanic. The population mix can be considered to have a high amount of racial and ethnic diversity, with 28.8 percent minorities. This is less than the State of North Carolina percent of 29.6. Since 2000, Winston-Salem has increased in diversity when 26.2 percent of the population were minorities.

The Winston-Salem metro area had a population of 448,629 for the year 2005. The total population has increased sharply, since the population in 2000 of 423,373. This growth represents an increase of 6 percent. Winston-Salem ranks 6 of 14 MSAs in terms of population growth in North Carolina and the metro area ranks 99 of 361 metro areas when calculating the total change in MSA population across the US.

In terms of total land area, the Winston-Salem metro area covers a total land area of 1462 square miles. This area has a medium-high population density of 307 persons per square mile. Other metro areas with similar densities in the US include: -- more densely populated -- Sandusky (309 per sq. mile ), Vineland-Millville-Bridgeton (313 per sq. mile ), Portland-Vancouver-Beaverton (314 per sq. mile ), -- less densely populated -- Albany-Schenectady-Troy (301 per sq. mile ), Fort Wayne (297 per sq. mile ), Santa Rosa-Petaluma (296 per sq. mile ).

Since 2000, a high number of individuals have migrated into the Winston-Salem metro area, with 8,824 people migrating in from another country. The international migration into Winston-Salem makes up 5.6 percent of the total international migration into the State of North Carolina. This level of international migration can be considered high when compared to international migration per 2005 population.

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

Housing Report for Winston-Salem

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In Winston-Salem, the census reported 200,132 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding a sum of 12,267 homes since 2001, or 6.5 percent.

Throughout the State of North Carolina, Winston-Salem ranks 11 of the 14 metro areas by percent in growth of new residential structures. The metropolitan area places 144 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

According to the data, there is a fair amount of real estate that is affordable in Winston-Salem, North Carolina. In 2005, 48.1 percent of the homes were valued under $125,000.

Winston-Salem is made up of a medium proportion of high-valued homes. For the year 2005, the American Community Survey reports that 2.3 percent of the homes were valued over $500,000.

Winston-Salem recorded median owner-occupied home value in the year 2005 of $128,100, accounted by the American Community Survey. This is greater than the overall North Carolina 2005 median home value of $127,600 and less than median owner-occupied dwelling value of $167,500 for the rest of the nation in that year.

Data Source: U.S. Census Bureau

Employment Report for Winston, North Carolina -- Annual 2005 Industry Summary

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The Winston-Salem Metropolitan Area is ranked at 94 of 363 throughout the US in terms of total 2005 employment. The regions employment ranking has slipped behind from the year 2001, at which time the Metropolitan Area was ranked 91 of 363 Counties.

A top paying industry in Winston is the finance and insurance industry with an average annual wage of $61,601. Throughout the MSA since the year 2001, the annual average wages in the industry have grown by 15.4 percent or $8,203. The State of North Carolina reflects a similar pattern in the finance and insurance industry, ranking near the top of sectors by 2004 industry pay.

In Winston, Manufacturing, Retail Trade, and the Accommodation and food services sectors, in terms of total employment, are the largest. Manufacturing is the major employer in the Metropolitan Area making up 17.1 percent of all the jobs in the Metropolitain Area. This makes up 31,697 people employed. The Retail Trade and Accommodation and food services sectors account for 12.8 and 8.9 percent of total employment, respectively.

Accommodation and food services has seen the highest growth in employment from the years 2001-2005 in Winston, increasing by 11.9 percent. This is greater than the change of total jobs in the industry for the United States of 7.6 percent. The State of North Carolina experienced a sector employment shift of 11.6 percent, during the period of 2001 to 2005.

Manufacturing is the industry with the largest establishments in Winston Metropolitan Area (MSA), averaging 62 jobs per establishment, which is greater than the US industry average of 39 and greater than the State of North Carolina typical size of 53 for the Manufacturing industry.

In Winston, Manufacturing, Transportation and Warehousing and Management of companies and enterprises industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing sector in the county has a location quotient of 1.34. The level of employment in the Manufacturing industry is 1.34 times more than the average percent in the United States, revealing signs that Winston may be an exporter of products or services of Manufacturing.

Manufacturing since the year 2001 lost the most jobs in the Winston Metropolitan Area. The industry was hit with a loss of 5,972 jobs during the period, or 15.9 percent of jobs in the industry. The losses in this industry made up 57.4 percent of all employment losses in the Metro Area.

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