RI Department of Labor and Training
 MEDIA ADVISORY
 

Second Quarter Job Numbers Greater than Originally Estimated

October 8, 2013

Second quarter tax data indicates that Rhode Island job growth continued to be greater than originally estimated, with 2,800 more jobs than first reported for June 2013. This would bring the total number of Rhode Island-based jobs in June to 469,500.

Additionally, the estimates derived from tax data show that over the year, Rhode Island gained 4,300 jobs, as compared to earlier estimates showing a job gain of only 1,500.

These revised estimates indicate that the state outperformed its year-over-year growth from the same time period last year; Rhode Island had gained 2,800 jobs from June 2011 to June 2012.

The sector with the most significant upward revision is Accommodation & Food Services, with 2,900 more Rhode Island-based jobs in June than originally estimated. Also, the Health Care & Social Assistance sector showed a significant upward revision, with 1,400 more RI-based jobs in June. Other sectors with notable upward revisions include Retail Trade (700), Construction (600) and Other Services (500).

“This data underscores this importance of health care, retail trade and hospitality industries in our state,” said Director of the Department of Labor and Training Charles J. Fogarty. The Health Care & Social Services sector ranks number one among private sector employment in Rhode Island, followed by the Retail Trade sector and the Accommodation & Food Service sector, according to the department’s Labor Market Information Unit.

The sector with the largest downward revision is Professional and Business Services (-900), due mainly to fewer administrative and waste-related jobs. Other sectors with notable downward revisions include Educational Services (-800) and Financial Activities (-800).

RI Department of Labor and Training

Projected Revision in June 2013 RI Job Numbers

(In Thousands)

 

BLS Published

DLT Projected

Projected

 

Estimates

Estimates

Revision

Total Nonfarm Jobs

466.7

469.5

2.8

Private Sector Jobs

407.1

410.0

2.9

Natural Resources & Mining

0.2

0.2

0.0

Construction

15.4

16.0

0.6

Manufacturing

40.3

40.1

(0.2)

Wholesale Trade

16.7

16.6

(0.1)

Retail Trade

46.2

46.9

0.7

Transportation & Utilities

10.9

10.6

(0.3)

Information

9.2

9.0

(0.2)

Financial Activities

33.1

32.3

(0.8)

Professional & Business Services

59.5

58.6

(0.9)

Educational Services

24.1

23.3

(0.8)

Health Care & Social Assistance

79.1

80.5

1.4

Arts, Entertainment & Recreation

8.1

8.2

0.1

Accommodation & Food Services

42.3

45.2

2.9

Other Services

22.0

22.5

0.5

Government

59.6

59.5

(0.1)

 

RI Department of Labor and Training

Comparison of June 2012 to Revised June 2013 RI Job Number Estimates

(In Thousands)

 

BLS Published

DLT Projected

Year-

 

Estimates

Estimates

Over-Year

 

June 2012

June 2013

Change

Total Nonfarm Jobs

465.2

469.5

4.3

Private Sector Jobs

405.3

410.0

4.7

Natural Resources & Mining

0.2

0.2

0.0

Construction

15.9

16.0

0.1

Manufacturing

39.7

40.1

0.4

Wholesale Trade

16.9

16.6

(0.3)

Retail Trade

47.3

46.9

(0.4)

Transportation & Utilities

10.8

10.6

(0.2)

Information

9.7

9.0

(0.7)

Financial Activities

31.5

32.3

0.8

Professional & Business Services

56.1

58.6

2.5

Educational Services

24.6

23.3

(1.3)

Health Care & Social Assistance

78.5

80.5

2.0

Arts, Entertainment & Recreation

7.6

8.2

0.6

Accommodation & Food Services

44.1

45.2

1.1

Other Services

22.4

22.5

0.1

Government

59.9

59.5

(0.4)

 

 

ABOUT DLT: The RI Department of Labor and Training offers employment services, educational services and economic opportunity to both individuals and employers. DLT protects Rhode Island’s workforce by enforcing labor laws, prevailing wage rates and workplace health and safety standards. The department also provides temporary income support to unemployed and temporarily disabled workers. For more information, please call the RI Department of Labor and Training at (401) 462-8000 or visit the website at www.dlt.ri.gov

 

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