DLT revised estimates show improved job gains in 2Q

An analysis of Rhode Island’s tax data, released Tuesday by the R.I. Department of Labor and Training, shows more growth in the state’s private-sector employment during the second quarter of 2013 than was originally estimated. More

To continue reading this article, please do one of the following.



workforce

DLT revised estimates show improved job gains in 2Q

COURTESY R.I. DEPARTMENT OF LABOR AND TRAINING
RHODE ISLAND'S private-sector workforce totaled 469,500 in March, 2,800 more than originally estimated, according to the R.I. Department of Labor and Training.
Posted 10/8/13

PROVIDENCE – An analysis of Rhode Island’s tax data, released Tuesday by the R.I. Department of Labor and Training, shows more growth in the state’s private-sector employment during the second quarter of 2013 than was originally estimated.

After analyzing tax data from 32,000 businesses, the DLT now estimates the number of Rhode Island-based jobs in June to be 469,500 – 2,800 more than the original estimate of 466,700.

For the second quarter of 2013, estimates released by the DLT showed a year-over-year gain of 4,300 private-sector jobs, outperforming job growth during the same period a year earlier. In the second quarter of 2012, Rhode Island reported a year-over-year gain of 2,800 jobs.

“This data underscores the importance of health care, retail trade and hospitality industries in our state,” said Charles J. Fogarty, director of the DLT, in a release. The health care and social services sector ranked No. 1 for private-sector employment in Rhode Island, followed by the retail trade sector.

The DLT’s revised analysis showed strong upward revisions in both the accommodation and food services, and health care and social assistance sectors. The accommodation and food services sector saw an improvement of 2,900 jobs. This revises the sector’s year-over-year performance from a loss of 1,800 jobs to a gain of 1,100. The increase of 1,400 jobs in the health care and social assistance sector means that the sector’s year-over-year job growth rose from 600 to 2,000.

Downward revisions were seen in the professional and business services, financial activities, and education services sectors, with losses of 900, 800 and 700 jobs, respectively.

Quarterly estimates are based on tax data from 32,000 Rhode Island employers and are considered to have a smaller margin of error than the monthly estimates the department produces with the U.S. Bureau of Labor Statistics, which are based upon a sample of 1,700 employers.

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement