ECONOMIC TIME MACHINE

Broward’s hottest (and coldest) industries

 

Which industries thrive in Miami-Dade and which have a weak footprint? We rank them.

dhanks@MiamiHerald.com

Racetracks may be Broward’s hottest industry.

When compared to the national racetrack industry, Broward’s has a much larger share of the local workforce. In fact, it’s about 10 times the national average, putting it No. 1 on Broward’s list of outsized industries, according to federal statistics.

The number used to calculate each industry’s standing in the workforce is called a location quotient. It calculates how an industry’s workforce compares to the national average. If a local industry’s share of the overall workforce is the same as it is nationally, it gets a location quotient of 1. If it is half the size, it gets a location quotient of .5. Twice the size brings a location quotient of 2.

The chart ranks hundreds of Broward industries by their location quotients. Click on each category to sort by the industry’s name, location quotient or employment.

Read more The Economic Time Machine stories from the Miami Herald

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