04 May '11, 9am

The Employment Multiplier – An Important Tool For Promoting The Burgeoning

The Employment Multiplier – An Important Tool For Promoting The Burgeoning

What is An Employment Multiplier? An employment multiplier is one of the measures used to determine the impact a particular industry will have upon a municipality when it arrives or departs. In its simplest terms, the employment multiplier measures the amount of direct, indirect and induced jobs created (or lost) in the area. Direct jobs are related to the specific industry, while indirect jobs are those that support the industry. Induced jobs are those that are a result of direct/indirect employee’s spending money in the community. Generally, industries with a higher multiplier are more desirable.

Full article: http://www.triplepundit.com/2011/05/employment-multiplier...

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