Output dollars per job?

If you are dividing direct output by direct employment, that is output per worker. It is possible that the individual firm involved is not average, but if you tell me the sector number involved, I can indicate to you how the output per worker is derived.

If you are dividing direct output by direct employment, that is output per worker. It is possible that the individual firm involved is not average, but if you tell me the sector number involved, I can indicate to you how the output per worker is derived.

Sector 358. He divided total output by direct jobs. Is it appropriate to divide TOTAL output by direct jobs? To determine a Total Output per Direct Job?

Sector 358. He divided total output by direct jobs. Is it appropriate to divide TOTAL output by direct jobs? To determine a Total Output per Direct Job?

That would be a statistic with little meaning. Divide total output by total employment to get an average output per worker for the impact. I am going to assume 358 Boat building (2001-2006 data sets): from the 2006 Annual Survey of Manufacturers: Output = Shipments plus change in inventory = 11.5 billion Employment = 56,298 Output/Worker = $204,579 per worker.

That would be a statistic with little meaning. Divide total output by total employment to get an average output per worker for the impact. I am going to assume 358 Boat building (2001-2006 data sets): from the 2006 Annual Survey of Manufacturers: Output = Shipments plus change in inventory = 11.5 billion Employment = 56,298 Output/Worker = $204,579 per worker.

I have Sector 358 as Insurance agencies, brokerages and related activities, includes activities

I have Sector 358 as Insurance agencies, brokerages and related activities, includes activities

Then you are using 2007 or 2008 data. The output estimate for 2007 Insurance agencies, brokerages and related activities comes from the BEA benchmark industry output estimates (www.bea.gov). Employment comes from BLS CEW and is controlled to the BEA REIS employment numbers. Output was 172,249 millions and employment was 901,987 leading to an output per worker of 190,966. One thing to keep in mind is that the output of this sector is equal to the commissions received by the agents. In input-output accounting when you buy insurance, you are actually paying sector 357:Insurance carriers. The agents in turn receive payment from the carriers for their commission. You can get an estimate of the commission ratio by creating an industry balance sheet (under Explore>Social Accounts) for industry 357: Insurance carriers, and note the gross absorption coefficient being paid to commodity 358:Agencies.

Then you are using 2007 or 2008 data. The output estimate for 2007 Insurance agencies, brokerages and related activities comes from the BEA benchmark industry output estimates (www.bea.gov). Employment comes from BLS CEW and is controlled to the BEA REIS employment numbers. Output was 172,249 millions and employment was 901,987 leading to an output per worker of 190,966. One thing to keep in mind is that the output of this sector is equal to the commissions received by the agents. In input-output accounting when you buy insurance, you are actually paying sector 357:Insurance carriers. The agents in turn receive payment from the carriers for their commission. You can get an estimate of the commission ratio by creating an industry balance sheet (under Explore>Social Accounts) for industry 357: Insurance carriers, and note the gross absorption coefficient being paid to commodity 358:Agencies.