Industries Of Interest (IOI)
The purpose of Industries of Interest (IOI) is to identify and highlight industries in the state and individual Workforce Development Areas (WDAs) that exhibit nontrivial growth or decline in employment.
Industries which, at the state and WDA levels, experience at least five percent year-over-year employment growth accompanied by an employment gain of at least 25 are considered growing IOI. Similarly, the criteria for declining IOI are at least a five percent year-over-year employment decline accompanied by a decrease in employment of at least 25. When in addition, the industry meets the criteria (in terms of both volume and percentage change in employment) of a growing or declining IOI for four consecutive quarters, it is termed a LT-Growth or LT-Decline industry, where “LT” stands for long-term.
Different series of IOI can be generated by varying the dataset from which the employment changes are drawn. For the State, two series of IOI have been created by utilizing changes from our adjusted Quarterly Census of Employment and Wages (QCEW) data and New Hires data. For WDAs, QCEW is the only dataset with a sufficient number of data points to be of interest when divided into industries. Non-economic coding changes in QCEW could lead to falsely identifying an industry as an IOI when it isn’t, or not identifying it as one when in fact it is. Therefore, the QCEW employment changes used to identify the IOI are adjusted for non-economic code changes.
Industries of Interest (IOI) Dashboard
The Industries of Interest (IOI) Interactive Dashboard presents IOI data at the county level. Due to the small number of establishments or dominance of single establishments in some of the industry employment lines, only percentages are shown. You can choose one county by clicking on the map or choose multiple counties using the drop-down menu. You can also specify what industry code(s) to display.
Industries of Interest (IOI) – QCEW- Historical Dashboard
Historical Industries of Interest show the history for all industries, whether or not an industry was found to be an IOI. Solely looking at the quarterly IOI report above, while valuable, does not show at what point in the trend the industry is positioned – it could be starting a new trend, in the middle of an existing one or at the end of a trend. From an analytical perspective, it is often missed when a trend is established, or when turning points occur because only the most recent point in time is observed. This historical file will help data users see where the “action” is taking place, giving them additional perspective.
The Industries of Interest (IOI) Historical dashboard will allow you to do all that the IOI dashboard does, but lets you track trends over time as well. It allows you to see whether the trend is brand new or has growing/declining for quite some time.
Industries of Interest (IOI) by New Hires Dashboard
The purpose of Industries of Interest (IOI) by New Hires is to identify and highlight industries in the state and individual Workforce Development Areas (WDAs) that exhibit nontrivial growth or decline in New Hires.