Household Final Demand Employment
I recently purchased the aggregated I-RIMS multipliers for a specific 5 county region in western NY/ PA. The household industry data indicates a final demand employment number of 95. I guess I am concerned that that seems pretty high. The final demand employment multipliers for other industries in the region ranges between 2 and 39.
In this particular project, we would be distributing about $7.6 million dollars directly to households, which would result in total generated employment of about 726 people. That seems high to me for an influx of only $7.6 million. Given the earnings multipliers and results, that would amount to an average of about $13,000 in earnings per job. This seems low to me, even though I know that the jobs and earnings represent both full and part time workers. My gut is telling me the final demand employment multiplier is high- what do you think? Is there a good reason for the high number or some justification that I can provide? Or maybe I am doing something wrong?
I have worked with multipliers for Colorado on other projects and the final demand employment multipliers for households in those regions are much lower- I realize that CO and NY are two completely different areas, but the CO regions I checked were between 9 and 14 jobs per $1m of output for final employment.
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IMPLAN SupportHi Susan, We sincerely apologize, it appears that our calculation for households varied from RIMSII. Thank you for bringing this to our attention. We are currently working to correct this and will have a new report for you this afternoon/evening. Please let us know if you have any additional questions. IMPLAN Support Team0 -
Will you be checking and verifying all the multipliers for the region? I need to be sure that all multipliers for all industries are correct. Thanks, Susan0
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IMPLAN SupportHi Susan, We certainly will be and again we apologize about the issues. When you get your new report, you shouldn't see much change in the other sectors, though there will be a little.0
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