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Comprehensive Plan Economic Development Element <br />Figure 5.4 displays the unemployment trends in Indian River County for 2006 through 2008. A <br />major trend shown by the graph is the fluctuation in Indian River County's unemployment due to the <br />dependence of seasonal employment. As shown in that graph, unemployment in Indian River County <br />increases during the summer months every year. That can be attributed to the fact that the citrus <br />and tourist related industries have much higher employment levels during their peak season than <br />their off season. <br />12.0 <br />y 10.0 <br />Figure 5.4: Unemployment Trends of Indian River County <br />m <br />Table 5.9: <br />Indian River County Employment by Major NAICS Division <br />NAICS Code <br />2007 <br />% of Total <br />NAICS Sector Employment Employment <br />Employment <br />2008 <br />% of Total <br />Employment <br />Employment Growth <br />(2007-2008) <br />11 <br />Agriculture <br />8.0 <br />5.28% <br />2,641 <br />5.38% <br />1.0% <br />21 <br />Mining <br />NA* <br />NA* <br />c <br />NA* <br />NA* <br />22 <br />Utilities <br />26 <br />0.05% <br />21 <br />0.04% <br />-19.2% <br />23 <br />Construction <br />4,676 <br />9.43% <br />4,167 <br />8.49% <br />-10.9% <br />31-33 <br />Manufacturing <br />2,221 <br />T <br />6.0 <br />4.45% <br />1.6% <br />42 <br />Wholesale Trade <br />873 <br />1.76% <br />867 <br />1.77% <br />-0.7% <br />o <br />- <br />a <br />` <br />4.0 <br />E <br />j <br />2.0 <br />0.0 <br />°act c1 ooPQM �a� °c� ��r1 °'�5� �e� po <br />�epc9 PJ Q�e� O°� opco <br />Source: Florida Agency for Workforce Innovation, Bureau of Labor Market Information. <br />Table 5.9 displays a breakdown of employment in Indian River County for 2007 and 2008. It also <br />shows the employment growth that occurred between 2007 and 2008. In 2008, the top five <br />employment sectors were service based and represented 56.06% of the Indian River County labor <br />force. This indicates that the county's economy lacks balance and diversity. As the top two NAICS <br />sectors in 2008, the Health Care and Retail Trade sectors accounted for 8,055 jobs and 8,011 jobs, <br />respectively. The remaining top five service sectors were Construction, Accommodations and <br />Food Service, and Public Administration. <br />_ <br />Table 5.9: <br />Indian River County Employment by Major NAICS Division <br />NAICS Code <br />2007 <br />% of Total <br />NAICS Sector Employment Employment <br />Employment <br />2008 <br />% of Total <br />Employment <br />Employment Growth <br />(2007-2008) <br />11 <br />Agriculture <br />2,615 <br />5.28% <br />2,641 <br />5.38% <br />1.0% <br />21 <br />Mining <br />NA* <br />NA* <br />NA* <br />NA* <br />NA* <br />22 <br />Utilities <br />26 <br />0.05% <br />21 <br />0.04% <br />-19.2% <br />23 <br />Construction <br />4,676 <br />9.43% <br />4,167 <br />8.49% <br />-10.9% <br />31-33 <br />Manufacturing <br />2,221 <br />4.48% <br />2,185 <br />4.45% <br />1.6% <br />42 <br />Wholesale Trade <br />873 <br />1.76% <br />867 <br />1.77% <br />-0.7% <br />Community Development Department Indian River County 15 <br />