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Employment
Concentration in
the Ocean State |
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A state’s economic health is not based solely on the total number of jobs it can generate, but also on where those jobs are and in what concentrations relative to neighboring areas. High concentrations of employment can indicate economic specializations, while low concentrations may signify industry weaknesses. Knowing where these strengths and weaknesses are can have a substantial impact on a state’s economic development policy, workforce development system, and jobseekers looking to maximize their opportunities in the labor market. This publication, a product of the Rhode
Island Department of Labor & Training’s Labor Market Information
unit, examines industry location quotients to expand on our
understanding of the state’s economy. Location quotients are
relatively easy to understand and can be utilized to compare local
employment concentrations against those of a larger area. This process
helps identify strengths and weaknesses in a local economy by
determining if an area has a greater (or lesser) share of industry
employment than would be expected based upon the reference economy. In order to view this publication, you will need the Adobe Acrobat Reader which is available at no charge from the Adobe web site. |
