Information You Can Use From A Penn State Economic & Workforce Brief Rose M. Baker Michael Lawrence Matthew Loiacono David L. Passmore

Change happens in communities… Establishments open and close; jobs are gained and lost In the grand scheme of things, such change is anticipated, expected, and constitutes the “noise” of the economy working BUT the random noise of the economy becomes a disaster in communities and households

Establishments open and close; jobs are gained and lost

In the grand scheme of things, such change is anticipated, expected, and constitutes the “noise” of the economy working

BUT the random noise of the economy becomes a disaster in communities and households

Economic & Workforce Brief reports… Were created to respond to information needs of localities undergoing changes in employment Are easily ordered Fit on one page Are simple to understand Focus on “kitchen table” issues Are delivered quickly ==> for free

Were created to respond to information needs of localities undergoing changes in employment

Are easily ordered

Fit on one page

Are simple to understand

Focus on “kitchen table” issues

Are delivered quickly

Analysis behind a Brief … Jobs created in establishment Jobs due to supply Jobs due to supply Jobs due to supply Jobs due to spending of income earned Direct Indirect Induced MULTIPLIER

Information in a Brief for value of every 100 jobs… Multipliers for Jobs Compensation Property taxes Decomposed into Direct effects Indirect effects Induced effects For Industry & locality

Multipliers for

Jobs

Compensation

Property taxes

Decomposed into

Direct effects

Indirect effects

Induced effects

For Industry & locality

Presentation of job multiplier…

Presentation of compensation multiplier…

Presentation of property tax multiplier…

http://PSUBrief.notlong.com • Learn about Brief reports • Read Brief reports • Order Brief reports—FREE!

To order a Brief … • Use web form • Have an establishment in mind • Think about who can use the information

Distribution of a Brief … All Brief reports are sent to about 20 officials and policy-makers statewide Local WIB director CE personnel Local media Economic development personnel

All Brief reports are sent to about 20 officials and policy-makers statewide

Local WIB director

CE personnel

Local media

Economic development personnel

The Economic & Workforce Brief series… Is free May be ordered over the web Is created for a locality and an industry Is a guide to broad effects of changes in the number of jobs Is a product of Penn State’s Workforce Education & Development Initiative http://WDICapabilities.notlong.com

Is free

May be ordered over the web

Is created for a locality and an industry

Is a guide to broad effects of changes in the number of jobs

Is a product of Penn State’s Workforce Education & Development Initiative

Information You Can Use From A Penn State Economic & Workforce Brief Rose M. Baker Michael Lawrence Matthew Loiacono David L. Passmore