Private Covered Employers Size Class by Industry
March 2010
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| The Rhode Island economy is characterized by a large number of small companies employing a small number of workers. In March 2010, there were 31,876 private businesses in the state employing 375,621 workers. Nearly half the employers (48.1%) in the state have between one and four employees; however, they employ just 7.7% of the workforce. The largest employers, those with 1,000 or more employees, numbered 32 and employed 17.9% of Rhode Island’s private sector workforce. |
Smaller employers, those with less than 20 employees, represented 90.5% of all employers in the state and employed approximately one quarter (25.2%) of the workforce. Mid-sized companies (20 to 99 workers) employed 27.0% of the private sector employment and accounted for 7.9% of the firms. There are just 532 (1.7%) firms in the state employing 100 or more workers. Together, they employ nearly half (47.7%) of the state’s private sector employees.
The highest concentration of smaller employers is found in the Agriculture, Forestry, Fishing & Hunting (97.5%) sector, followed by Construction (96.9%), Other Services (96.3%), and Professional & Technical Services (95.3%). The Utilities sector had the smallest percentage of small firms (74.1%), followed by Manufacturing (76.7%), Educational Services (79.4%) and Accommodation & Food Services (79.5%).
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Private Sector Employment
MARCH 2010
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| |
Employers |
Employment |
Size
Class |
Number |
Percent |
Number |
Percent |
| |
| Total: |
31,876
|
100.0% |
375,621 |
100.0% |
| Zero |
6,338 |
19.9% |
0 |
0.0% |
| 1-4 |
15,324 |
48.1% |
29,090 |
7.7% |
| 5-9 |
4,453 |
14.0% |
29,311 |
7.8% |
| 10-19 |
2,699 |
8.5% |
36,538 |
9.7% |
| 20-49 |
1,887 |
5.9% |
56,733 |
15.1% |
| 50-99 |
643 |
2.0% |
44,530 |
11.9% |
| 100-249 |
379 |
1.2% |
57,717 |
15.4% |
| 250-499 |
86 |
0.3% |
29,051 |
7.7% |
| 500-999 |
35 |
0.1% |
25,284 |
6.7% |
| 1000+ |
32 |
0.1% |
67,367 |
17.9% |
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The
state’s largest firms (1,000 or more employees) are found in the
Health Care & Social Assistance (8), Private Education (5),
Finance & Insurance (5), Retail Trade (5) and Manufacturing
(3) sectors.
It
is important to note that changes in size class data are
influenced by the switching of employers from one size class to
another as well as by new firms coming into the state. |
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