The Employment Impact of Differences in Dmand and Production



Figure 11: Decomposition of Employment Change in the VIS among Final Demand, Labour Productivity and
Structural Change, US 1997 - 1977

25000

20000

15000

10000

5000

0

-5000

-10000

-15000




-20000

TOTAL

M ANUFACTURING

WHOLESALE AND

RETAIL TRADE;

REPAIRS

HOTELS AND

RESTAURANTS

TRANSPORT AND
STORAGE

POST AND
TELECOM M UNICATI
ONS

FINANCE,
INSURANCE

REAL ESTATE AND

BUSINESS SERVICES

COM M UNITY,
SOCIAL AND
PERSONAL SERVICES

PROD

-18234,0711

-9560,4721

-197,2741

-988,2594

-1437,6619

-721,2134

304,2215

2836,4916

□ DEM

21727,8949

17722,8171

396,5494

2205,4474

1626,233

2560,508

5691,4284

8122,75

□ INT_IND_INTD

-640,592

191,8618

752,3395

-28,2978

421,4835

843,9481

676,6315

1419,0431

Total Manufacturing comprises: Agriculture (ISIC 1), Mining and Quarrying (ISIC 2), Manufacturing (ISIC3), Public Utilities (ISIC 4), and Construction

(ISIC                                                                                                                                                                 5).

PRD: Productivity Growth Effect (Dark Shade, negative), DEM: Demand Growth Effect (Dark Shade, positive), INT_IND_INTD : Effects of Changes in the
Inter-Industry Linkages (pale shade).

64



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