TABLE 2: DECLINING INDUSTRIES WITH 100 OR MORE EMPLOYMENT FOR 2004Q1 IN NAICS
          Employment Current Quarter   Employment Previous Quarter      
SECTOR SUBSECTOR NAICS1 2004Q1             Avg. Decline3
      AWW2 2004Q1 2003Q1 Decline   2003Q4 2002Q4 Decline    
          N N N %   N N N %   % RANK4
Manufacturing Wood product manufacturing 321 $502.65   785 844 -59 -7.0%   813 923 -110 -11.9%   -9.5% 3
Manufacturing Computer and electronic product manufacturing 334 $652.25   327 361 -34 -9.4%   327 362 -35 -9.7%   -9.5% 2
Transportation and warehousing Air transportation 481 $503.73   627 674 -47 -7.0%   603 671 -68 -10.1%   -8.6% 4
Finance and insurance Securities, commodity contracts, investments 523 $1,617.98   423 464 -41 -8.8%   430 482 -52 -10.8%   -9.8% 1
Total     $743.81   2,162 2,343 -181 -7.7%   2,173 2,438 -265 -10.9%   -9.3% NA
Text Box: 1. Includes both public and privately owned firms. 2. The Average Weekly Wage (AWW) is calculated by dividing the total wage for the industry group by the total number of jobs for the industry group and the number of weeks in the observed quarter. To give some context to this number, the AWW for all declining industries in the first quarter of 2004 is $743.81. The reader should also be aware that, AWW's at the industry Group Level are susceptible to wage bias due to sample size, occupational distributions, seasonal pay and bonuses, and keying error. 3. The percentage for Average Decline is defined as: (percent decline current quarter + percent decline previous quarter)/2. 4. Rank is based on the magnitude of the percent Average Decline relative to the magnitude of all other declining industries.
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