Indicators of a vibrant economy

• Location Quotient for Employment by Industry
  Location quotients are ratios that compare the concentration of a resource or activity in a defined area to that in a larger area or base. Location quotients for employment by industry measure the share of county employment in a particular industry compared to the share of national employment in that industry. A number greater than one indicates that the share of employment in that industry is higher locally than nationally.
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• Location Quotient for Wages by Industry
  Location quotients are ratios that compare the concentration of a resource or activity in a defined area to that in a larger area or base. Location quotients for wages by industry measure the share of county wages in a particular industry compared to the share of national wages in that industry. A number greater than one indicates that the share of total wages in that industry is higher locally than nationally.
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• Annual Average Establishment Count
  Annual average count of federal, state, and local government and private establishments.
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• Unemployment Rate
  The unemployment rate represents the number unemployed as a percentage of the labor force. The unemployment rate conveys information about the magnitude of the labor force relative to the number of jobs available.
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Indicators of access to good jobs

• Annual Average Employment
  Annual average employment shows the average number of jobs that are held during a given year in a given place.
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• Aggregate Annual Wages
  Aggregate annual wages are the total wage and salary disbursements in a calendar year. Wage and salary disbursements consist of the monetary remuneration of employees, including the compensation of corporate officers; commissions, tips, and bonuses; and receipts in kind, or pay-in-kind, such as the meals furnished to the employees of restaurants. The measure reflects the amount of payments disbursed, but not necessarily earned, during the year.
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• Average Annual Wage
  Average annual wage is wage and salary disbursements divided by the number of wage and salary jobs (total wage and salary employment). Wage and salary disbursements consist of the monetary remuneration of employees, including the compensation of corporate officers; commissions, tips, and bonuses; and receipts in kind, or pay-in-kind, such as the meals furnished to the employees of restaurants. The measure reflects the amount of payments disbursed, but not necessarily earned, during the year.
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