Work Force Talent - % of Workers Employed in Advanced Industries
% of Workers Employed in Advanced Industries
9.75%
Why do we track this? Companies in the Advanced Industries sector spur innovation, generate new intellectual property and products and are responsible for an outsized proportion of U.S. total Exports and GDP. These industries provide economic benefits for regions and the nation as a whole that originate from technological advances as well as employing highly skilled workers in jobs that provide good wages.
The Brookings Institute estimates that each job in this sector has a multiplier effect that creates 2.2 additional jobs for every in-sector position. 36% of those new jobs are local.
Having these industries within a region can be a significant boost to the local economy. However, it is important to note that this represents only the private industry efforts related to advanced industries. For example, universities, such as Colorado State University in Fort Collins, also help to drive innovation and support significant R&D, but those employees are not counted here.
Data Sources
- U.S Bureau of Labor Statistics Quarterly Census of Employment and Wages (QCEW), Annual Averages.
- America’s Advanced Industries: What They Are, Where They Are, and Why They Matter. Brookings Institute. While this measure employs the same general method (4 digit NAICS industry definitions) as the Brookings estimates, we use QCEW annual singlefile employment data (accessed after 2016) which may differ from job totals published in Brookings work. These percentages are not directly comparable across products, though general trends should be consistent.
Related Dashboard Measures
- % of Workers Employed in Advanced Industries (Work Force Talent)
- Number of H-1B Visa Requests per 1000 Workers (Work Force Talent)
Additional Information and Other Data Sources
- America's advanced industries: New trends Brookings Institute, 2016.
- More on Advanced Industries (Series Directory), Brookings Institute