Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How would covered employment statistics be useful to an employer or to an economic development analyst?

0
Posted

How would covered employment statistics be useful to an employer or to an economic development analyst?

0

The annual and quarterly Employment and Wages publications contain major industry employment, total quarterly wages paid, average weekly wage by major industry group, and the number of units (employers) by county, MSA and statewide levels. This data provides a stable economic indicator of growth or decline at the county level. For example, one can look at the increase of employers and see what industries are adding firms or workers, as well as whether or not wages are increasing and if they are keeping up with employment gains.

0

The annual and quarterly Employment and Wages publications contain major industry employment, total quarterly wages paid, average weekly wage by major industry group, and the number of units (employers) at the parish, regional labor market area (RLMA), and statewide levels. The annual publication (PDF) lists average weekly wages by industry for all parishes, totaled by RLMAs and statewide. The Quarterly Census of Employment and Wages (QCEW) report for the first quarter of each year contains data on size of firms by parish, RLMAs, and statewide. Together, this data provides a stable economic indicator of growth or decline at the parish level. For example, one can look at the increase of employers and see what industries are adding firms or workers, as well as whether or not wages are increasing and if they are keeping up with employment gains. Information on how the Hurricanes impacted the statistics collected by this BLS program can be found here.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123