Summary of Findings

The annual report entitled, "Rhode Island Employment and Wage Analysis," highlights Rhode Island’s employment and wage data in 2008 and provides a comparison to annual employment and wage data from 2007. Key findings for 2008 include:

• Rhode Island lost 9,828 private sector jobs between 2007 and 2008.

• The 2008 average annual wage in the private sector increased by $1,272 from 2007.

• The Health Care & Social Assistance sector employed nearly 19 percent of the private sector employment.

• The Manufacturing sector lost 2,868 jobs or 5.6 percent of the workforce between 2007 and 2008.

• Sixteen private industry sectors experienced employment losses between 2007 and 2008.

• Annual wage growth was reported in fourteen of the nineteen private industry sectors with the annual wage in the Management of Companies & Enterprises sector increasing by $7,827.

• Management of Companies & Enterprises was the highest paying sector with workers averaging over $104,000 in 2008.
  

Quarterly bonuses and exercised stock options are included in the calculation and therefore may impact the average annual wage.

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Rhode Island Department of Labor and Training
Labor Market Information
1511 Pontiac Avenue
Cranston, RI 02920-4407

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