Kent County, Rhode Island Industry Economic Summary

Written by Matt

Wednesday, 30 January 2008

Given the industries in the area, the Justice, public order, and safety activities industry witnessed the largest drop in employment, losing a total of 674 jobs. The declines in Justice, public order, and safety activities makes up 5.0% percent of the total employment decline in Kent County, Rhode Island. Top Declining Industries: 1. Justice, public order, and safety activities (674 jobs lost) 2. Computer and electronic product manufacturing (649 jobs lost) 3. Electrical equipment and appliance mfg. (605 jobs lost) 4. Executive, legislative and general government (403 jobs lost) 5. Miscellaneous manufacturing (393 jobs lost) Of the industries (3-digit NAICS) in the area, the Credit intermediation and related activities industry has accounted the most employment growth with a total of 3,007 jobs added during the time period. These new jobs in Credit intermediation and related activities makes up 2.0% percent of the total industry employment growth in Kent County, Rhode Island. Top Growing Industries: 1. Credit intermediation and related activities (3,007 new jobs) 2. Chemical manufacturing (1,167 new jobs) 3. Management of companies and enterprises (1,036 new jobs) 4. Specialty trade contractors (700 new jobs) 5. Professional and technical services (655 new jobs) Given the 128 industries (3-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each year, 22 had stable employment, 53 described an expansion of jobs throughout the time period, and 53 industries reported a drop in employment.In Kent County, Rhode Island, the total employment throughout all industries has increased by 7.8%, or 5,997 jobs, total from 2002 to 2006.

 

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