Question 1

1. WHY DO MY DIRECT EMPLOYMENT RESULTS HAVE A 4 STAR CONFIDENCE LEVEL, WHILE I PROVIDED OBSERVED INPUT DATA?

Accepted Answer

For direct employment, the highest confidence level can be achieved when also the optional data is provided: ‘direct employment – operations & maintenance – third party hires’. Third party hires need to be deducted by the JIM from ‘direct employment – operations & maintenance’ to avoid a possible double count. The third party hires are also part of the supply chain jobs in the model.

Question 2

2. FOR A BANK I SEE THAT IN THE 2019 RESULTS WE ARE GETTING FEWER INDUCED JOBS THAN IN THE 2018 RESULTS DESPITE THE HIGHER WAGE BILL. IN 2019 THE BANK PAID US$ 10 MILLION MORE IN WAGES, WHILE PROCUREMENT DROPPED BY US$ 15 MILLION. I HAVE A 5,000 LESS JOBS SUPPORTED DESPITE THE INCREASE IN WAGES.

Accepted Answer

Induced jobs are driven by both direct and indirect wages. The lower induced jobs (despite higher direct wages) can be explained by the drop in procurement, which in turn affected the supply chain jobs used to calculate induced impact.

FAQ

1. WHY DO MY DIRECT EMPLOYMENT RESULTS HAVE A 4 STAR CONFIDENCE LEVEL, WHILE I PROVIDED OBSERVED INPUT DATA?

2. FOR A BANK I SEE THAT IN THE 2019 RESULTS WE ARE GETTING FEWER INDUCED JOBS THAN IN THE 2018 RESULTS DESPITE THE HIGHER WAGE BILL. IN 2019 THE BANK PAID US$ 10 MILLION MORE IN WAGES, WHILE PROCUREMENT DROPPED BY US$ 15 MILLION. I HAVE A 5,000 LESS JOBS SUPPORTED DESPITE THE INCREASE IN WAGES.

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