November 22, 2019
The latest report from the U.S. Bureau of Labor Statistics showed that from June 2018 to June 2019, employment increased in 279 of the 355 largest U.S. counties. National employment rose 149.1 million in June 2019, a 1.1% increase over the year. Adams, CO, had the largest percentage increase in employment with a gain of 5.3% over the year. Among the 355 largest counties, 347 had over-the-year increases in average weekly wages. Average weekly wages for the nation inched up to $1,095 a 3.8% increase over the year in the second quarter. Benton, AR, had the largest second quarter over-the-year wage gain at 16.3%.
Large County Employment in June 2019
Adams, CO, experienced the largest employment increase of 5.3%. Within Adams, the largest increase in employment occurred in trade, transportation, and utilities, which gained 3,592 jobs over the year (6.4%). However, Bay, Florida had the largest percentage decline in employment of 6.4% with the largest decreases in leisure and hospitality of 15.5% (2,572 jobs).
Large County Average Weekly Wage in Second Quarter 2019
Benton, AR, had the largest percentage increase in average weekly wage in the U.S., an increase of 16.3%. Benton saw an average weekly wage gain of $557 (35.0%) experienced in professional and business services which made the largest contribution to the county’s increase in average weekly wages. While McLean, IL had the largest over-the-year percentage decrease in average weekly wages of 5.8%. Within McLean, financial activities made the largest impact, with an average weekly wage fall of 17.8% ($321) over the year.
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
