Table 2: Declining Industries Report for 2008Q2 in NAICS
NAICS (1)
SECTOR
SUBSECTOR
2008Q2 AWW (2)
Emp. 2008Q2
Emp. 2007Q2
Emp. Change
Pct. Change
Emp. 2008Q1
Emp. 2007Q1
Emp. Change
Pct. Change
Avg. Decline
Rank (4)
(3)
321
Manufacturing
Wood product manufacturing
$648.23
568
854
-286
-33.5%
575
892
-317
-35.5%
-34.5%
1
334
Manufacturing
Computer & electronic product
manufacturing
$762.32
235
310
-76
-24.4%
222
306
-84
-27.5%
-25.9%
2
425
Wholesale trade
Electronic markets & agents
& brokers
$1,262.99
343
428
-85
-19.8%
337
422
-85
-20.2%
-20.0%
3
518
Information
Data processing, hosting, &
related services
$762.65
160
171
-11
-6.2%
154
174
-20
-11.5%
-8.9%
6
551
Management of companies &
enterprises
Management of companies &
enterprises
$2,205.93
811
854
-43
-5.1%
772
815
-43
-5.3%
-5.2%
7
813
Other services, except public
administration
Membership associations &
organizations
$431.15
2,152
2,376
-224
-9.4%
2,041
2,266
-225
-9.9%
-9.7%
5
814
Other services, except public
administration
Private households
$446.33
400
467
-68
-14.5%
419
454
-35
-7.7%
-11.1%
4
Total
$856.28
4,668
5,460
-792
-14.5%
4,520
5,330
-810
-15.2%
-14.9%
.
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 2008Q2 is
$856.28. 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 growth current
quarter + percent growth previous quarter)/2.
4.
Rank is based on the magnitude of the percent Average growth relative to the
magnitude of all other growing industries.