The Landscape of RI Industries
The chart above shows each of RI's industries, including information on average wages, the current number of jobs, and the projected change in number of jobs.
Some highlights:
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Healthcare and Social Assistance is a stand-out. It employs a large share of RI's workers, has decent average wages, and is likely to encompass the greatest number of new jobs in coming years.
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Nearly all sectors are projected to grow between now and 2022. Among growing industries, Finance & Insurance and Management of Companies & Enterprises have the highest average wages.
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The chart's sparse high-wage/high-growth quadrant represents both an economic gap and a policy target area: developing workforce capacity in smart ways can boost growth of higher-wage industries. Manufacturing as well as Professional, Scientific, & Technical Services are industries at the intersection of size, growth, and wage potential. Projected growth and respectable wages make these industries to consider in developing the education-to-workforce pipeline.
Click for a print- and presentation-ready version of this chart.
