Information You Can Use from a Penn State Economic & Workforce Brief

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Presentation by Rose M. Baker & David L. Passmore to the Mercer County Township Officials School, Mercer, Pennsylvania, 27 March 2008.

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Information You Can Use from a Penn State Economic & Workforce Brief

  1. 1. Information You Can Use From A Penn State Economic & Workforce Brief Rose M. Baker David L. Passmore
  2. 2. Change happens in communities… <ul><li>Establishments open and close; jobs are gained and lost </li></ul><ul><li>In the grand scheme of things, such change is anticipated, expected, and constitutes the “noise” of the economy working </li></ul><ul><li>BUT the random noise of the economy becomes a disaster in communities and households </li></ul>
  3. 3. Economic & Workforce Brief reports… <ul><li>Were created to respond to information needs of localities undergoing changes in employment </li></ul><ul><li>Are easily ordered </li></ul><ul><li>Fit on one page </li></ul><ul><li>Are simple to understand </li></ul><ul><li>Focus on “kitchen table” issues </li></ul><ul><li>Are delivered quickly </li></ul>==> for free
  4. 4. 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
  5. 5. Information in a Brief for value of every 100 jobs… <ul><li>Multipliers for </li></ul><ul><ul><li>Jobs </li></ul></ul><ul><ul><li>Compensation </li></ul></ul><ul><ul><li>Property taxes </li></ul></ul><ul><li>Decomposed into </li></ul><ul><ul><li>Direct effects </li></ul></ul><ul><ul><li>Indirect effects </li></ul></ul><ul><ul><li>Induced effects </li></ul></ul><ul><li>For industry & locality </li></ul>
  6. 6. Presentation of job multiplier…
  7. 7. Presentation of compensation multiplier…
  8. 8. Presentation of property tax multiplier…
  9. 9. http://PSUBrief.notlong.com • Learn about Brief reports • Read Brief reports • Order Brief reports—FREE!
  10. 10. To order a Brief … • Use web form • Have an establishment in mind • Think about who can use the information
  11. 11. Distribution of a Brief … <ul><li>All Brief reports are sent to about 20 officials and policy-makers statewide </li></ul><ul><li>Local WIB director </li></ul><ul><li>CE personnel </li></ul><ul><li>Local media </li></ul><ul><li>Economic development personnel </li></ul>
  12. 12. The Economic & Workforce Brief series… <ul><li>Is free </li></ul><ul><li>May be ordered over the web </li></ul><ul><li>Is created for a locality and an industry </li></ul><ul><li>Is a guide to broad effects of changes in the number of jobs </li></ul><ul><li>Is a product of Penn State’s Workforce Education & Development Initiative </li></ul>http://PSU-WEDI-Guide.notlong.com
  13. 13. Information You Can Use From A Penn State Economic & Workforce Brief Rose M. Baker David L. Passmore

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