Using the data provided, compute the location quotient for each industry in King County, Washington. Compute the basic employment for each industry.

HW:4 FIN437 REAL ESTATE DEVELOPMENT

King County, WA	United States
	2016	2016
Agriculture, forestry, fishing and hunting	3,055	916,300
Mining, quarrying, and oil and gas extraction	2,476	1,416,500
Utilities	1,557	605,300
Construction	84,999	10,096,300
Manufacturing	111,454	13,103,700
Wholesale trade	72,408	6,935,800
Retail trade	161,916	19,390,100
Transportation and warehousing	70,436	7,169,400
Information	102,763	3,357,900
Finance and insurance	70,930	9,871,600
Real estate and rental and leasing	86,959	8,983,500
Professional, scientific, and technical services	180,099	13,712,200
Management of companies and enterprises	33,309	2,499,300
Administrative and support and waste management and remediation services	86,565	11,877,800
Educational services	40,044	4,716,600
Health care and social assistance	168,317	21,944,300
Arts, entertainment, and recreation	46,878	4,323,300
Accommodation and food services	117,856	14,415,800
Other services (except public administration)	81,422	11,388,700
Federal government civilian	20,340	2,852,000
Military	7,345	1,927,000
State and local government	157,642	19,521,000

Using the data provided, compute the location quotient for each industry in King County, Washington.

Compute the basic employment for each industry as follows:

If LQ < 1 then the basic employment is 0

If LQ >1 then the basic employment = [(LQ-1)/LQ] x Industry Employment in 2016

What industries are the most important for this local economy?

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