Chart 1. HHI summary statistics, by market definition, 2023
Market definition Unweighted mean Median Weighted mean Count

Nation, subsector

168 37 134 89

Nation, industry group

179 59 185 301

Nation, industry

324 141 285 1,000

State, subsector

970 351 345 4,600

State, industry group

1,629 717 561 15,211

State, industry

2,636 1,546 901 46,448

MSA, subsector

2,552 1,472 729 31,223

MSA, industry group

3,734 2,604 1,186 93,252

MSA, industry

4,979 4,238 1,748 232,240

County, subsector

4,438 3,505 1,280 194,804

County, industry group

5,564 5,078 1,990 456,219

County, industry

6,427 6,416 2,746 870,423

Note: HHI = Herfindahl-Hirschman Index. MSA = metropolitan statistical area. Chart excludes public employment. HHIs are based on annual average private employment shares. Annual average private employment levels are used as weights for the weighted-mean HHI calculation.