The Jobs & Opportunity Index (JOI)
Summary: The Center’s new Jobs & Opportunity Index (JOI) provides state lawmakers with a more comprehensive view of the larger state economic picture, as opposed to the narrow snapshot in the monthly unemployment rate, so that they can better craft public policy.
RI’s Rank On JOI Out Of 50 States
For employment data to be an accurate representation of the economy in any state, it must take into account the lived experience of the people who reside and work there. Moreover, for comparisons across time and across states, additional benchmarks are necessary. A more-complete economic index would measure a larger (or smaller) opportunity for Rhode Islanders to engage in meaningful work, to earn a livelihood for their families, and to increase their mobility for advancement up the income ladder. The Jobs & Opportunity Index (JOI) is that more-complete index.
Monthly Analysis
More To Read:
February 2019 Employment: Decreases Continue Past the Revision
June 2018 Employment: Still Positive We’re Working
May 2018 Employment: Annual Phantom Boost or National Wave?
December 2017 Employment: Not a Great Place Pre-Revision
Rhode Island In 47th Place On The Jobs & Opportunity Index
December 2017 Employment: Not a Great Place Pre-Revision
“Keep Going” FY2019 budget Will Not Get Us Where We Need To Go
Jobs in RI: Even a Drip Will Eventually Fill the Sink
June 2017 Employment: If Everything’s Improving, Why Is Income Down?
R.I. ranks low on Jobs & Opportunity Index from R.I. Center for Freedom & Prosperity
ME vs. RI: A state works by making work work
JOI is a national index of states that incorporates three major factors, comprised of over a dozen variables derived from government reported data:
- A proper measure of employment as it relates to labor force,
- A measure of job/employment levels as compared with public assistance rolls, and;
- A measure of personal income as compared with government tax receipts collected