CRANSTON – Job growth in Rhode Island exceeded employment estimates for the third quarter of 2012 by 4,900 jobs, according to a press release from the state Department of Labor and Training, bringing the revised number of jobs in the state to 464,400 at the end of September.
The revised employment estimates done in February are based on an analysis of tax data from 32,000 businesses and were compared to previous DLT estimates done in September 2012.
Several industry sectors showed growth in the third quarter.
Professional and business services reported 56,000 jobs, an increase of 2,600, or 4.9 percent, from the September 2012 estimate. Retail trades employment grew to 47,000 jobs, a 2,100 job, or 4.7 percent, increase from earlier estimates.
The analysis also showed growth in a combined category of other services, such as equipment and machinery repair, personal care and domestic help, which reported 78,300 jobs, up from earlier estimates by 1,100 jobs or 1.4 percent.
Tax data showed significant decreases in job estimates for education services, information services and manufacturing.
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!
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.