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Rhode Island
total employment averaged 476,357, in 2004, an increase of 3,799 (+0.8%)
jobs from 2003. Private sector
employment (412,209) accounted for all of the job growth, by adding 4,466
(+1.1%) jobs while Government employment dropped by 667 (-1.0%) positions.
This marks the first annual Government sector job decline since
1998.
The Administrative
& Waste Services sector experienced the largest job growth between
2003 and 2004, adding 2,244 (+9.8%) positions.
This sector comprises establishments performing routine support
activities for the day-to-day operations of other organizations.
Activities performed include: office administration, hiring and
placement of personnel, document preparation and similar clerical
services, solicitation, collection, security and surveillance services,
cleaning and waste disposal services.
Administrative & Waste Services led all twenty sectors in
employment gains for each of the four quarters in 2004.
Employment in the
Health Care & Social Assistance sector increased by 1,464 (+2.1%)
positions, the second largest employment sector growth from 2003.
The Ambulatory Health Care Services (+503) and Hospitals (+424)
sub-sectors experienced large gains, while the two remaining sub-sectors,
Social Assistance (+348) and Nursing and Residential Care Facilities
(+189) also reported job gains.
Management of Companies
& Enterprise (+788), Professional & Technical Services (+709) and
Accommodation & Food Services (+690) complete the top five sectors in
employment growth, with Management of Companies & Enterprise (+10.4%)
leading all sectors on a percentage basis.
Employment declines
were noted in seven sectors in 2004. Manufacturing
employment was down 1,556 (-2.7%) from its 2003 level.
More than half of the Manufacturing sub-sectors reported job
losses, with the largest occurring in Miscellaneous Manufacturing (-470),
Textile Mills (-332) and Textile Product Mills (-322).
Other notable Manufacturing declines were in Printing and Related
Support Activities (-176), Electrical Equipment and Appliance
Manufacturing (-158) and Nonmetallic Mineral Product Manufacturing (-117).
As noted earlier,
Government sector employment was down 667 jobs between 2003 and 2004.
This sector experienced the second largest employment drop during
this period. State, Federal,
and Local government lost 298, 230, and 140 jobs respectively.
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Transportation & Warehousing reported a 1.7 percent employment drop, down
161 jobs from 2003. Other modest
employment declines were experienced in the Information (-147), Wholesale
Trade (-142), Retail Trade (-104) and Utilities (-76) sectors.
The Utilities sector experienced the largest employment drop on a
percentage basis, down 6.5 percent from last year’s total.
Health Care & Social Assistance was
Rhode Island
’s largest employment sector in 2004, employing 71,517 workers.
This sector represented 15.0 percent of the state’s total employment.
Government was the second
largest employment sector, employing 64,149 individuals.
Manufacturing (56,854), Retail Trade (52,960), Accommodation & Food
Services (42,402) and Finance and Insurance (25,604) complete the top five
sectors in average employment.
Mining represents the
smallest segment of the state’s employment.
In 2004,
Rhode Island
employed 188 workers in the Mining sector.
Agriculture, Forestry, Fishing & Hunting, (799) was the only other
sector to report employment figures less than a thousand.
A total of over $17.9
billion in wages was paid in 2004, an increase of $723 million (+4.2%) from
2003. The average annual private
sector wage was $35,959, an increase of $1,099 (+3.2%) from the $34,860 earned
in 2003. The average weekly wage
in the private sector increased $22 to $692.
Workers in the Information
sector earned an average of $59,236 in 2004, reflecting an increase of $6,466
(+12.3%) from the $52,770 earned in 2003.
The Internet Publishing and Broadcasting (+$10,022) and ISP’s, Search
Portals, and Data Processing (+$19,951) sub-sectors were the catalyst for the
increase, with wages growing by 35.9 percent and 31.3 percent respectively.*
Agriculture, Forestry,
Fishing & Hunting workers were also recipients of a significant annual
wage increase. Wages were up
$4,062 from 2003 earnings. The
sector’s 16.5 percent wage increase was the largest percentage gain of all
sectors. The Fishing, Hunting, and
Trapping sub-sector annual wage grew by $18,573, a 39.3 percent increase.
Wages in the Finance &
Insurance sector averaged $56,514 in 2004, up $2,629 (+4.9%) from the 2003
total of $53,885. Gains in the
Securities, Commodity Contracts and Investments (+$10,807) and Credit
Intermediation (+$2,378) sub-sectors off set the wage drop in the Funds,
Trusts and Other Financial Vehicles (-$7,511) and Insurance Carriers (-$87)
sub-sectors.
Wholesale Trade (+$1,909),
Manufacturing (+$1,647), Health Care & Social Assistance (+$1,477),
Professional & Technical Services (+$1,353) and Administrative & Waste
Services (+$1,111) were the only other sectors to report an annual wage
increase in excess of one-thousand dollars.
Three sectors, Management
of Companies & Enterprise (-$5,417), Utilities (-$4,058), and Mining
(-$1,031), reported an annual wage decrease between 2003 and 2004.
In all, ten sectors earned
wages above the private sector average annual wage of $35,959.
Employees in the Management
of Companies & Enterprise sector earned and average of $78,384 in 2004,
making them the highest paid sector workers in the
Rhode Island
. This sector accounted for
4.4 percent of the state’s total private wages, while representing only 2.0
percent of the state’s total private employment.
Utilities workers earned
$66,146, in 2004, the second highest annual wage.
Information ($59,236), Finance & Insurance ($56,541), Professional
& Technical Services ($53,984) and Wholesale Trade ($51,622) are the
remaining sectors to earn over fifty-thousand dollars in 2004.
Other sectors earning above
average annual wages include the Government ($48,348) sector, Mining
($44,680), Construction ($43,627), Manufacturing ($40,813) and Education
(37,775).
Accommodation & Food
Services ($14,473) and Arts, Entertainment & Recreation ($20,063) reported
the lowest annual wage, reflecting the seasonal and part-time nature of these
sectors.
Below average annual wages
were also earned in the Other Services ($23,352), Administrative & Waste
Services ($24,155), Retail Trade ($24,484), and Agriculture, Forestry, Fishing
& Hunting ($28,662) sectors.
* Quarterly bonuses and exercised stock
options are included in the calculation and therefore may impact the average
annual wage.
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