Cluster analysis using location quotients and/or employment multipliers provides a snapshot of employment at a point in time but does not provide a forecast of future employment in a specific industry.

Question

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Cluster analysis using location quotients and/or employment multipliers is a descriptive analysis that provides information about the current state of an industry in a particular region or area. It is not a predictive tool, so it cannot give a forecast of future employment in a specific industry.

Cluster Analysis Using Location Quotients And/or Employment Multipliers Provides a Snapshot