The Employment Impact of Differences in Dmand and Production



Figure 12: Decomposition of Employment Change in the VIS among Final Demand, Labour
Productivity and Structural Change, UK 1998 - 1979

6000

4000

2000

0

-2000

-4000

-6000



-8000

TOTAL

MANUFACTURING

WHOLESALE AND

RETAIL TRADE;

REPAIRS

HOTELS AND
RESTAURANTS

TRANSPORT AND
STORAGE

POST AND
TELECOMMUNICATI
ONS

FINANCE,
INSURANCE

REAL ESTATE AND

BukINESS SERVICES

COMMUNITY,
SOCIAL AND
PERSONAL

PROD

-7320,2077

-2137,548

-539,2278

-511,3558

-370,7321

-817,8075

-2260,4581

-2688,7464

ODEM

4357,5342

2368,7545

663,3322

-37,3188

314,1583

50,3745

2526,6388

3310,4236

OINT_IND_INTD

-899,3433

571,3688

-168,0653

258,6122

41,1431

502,027

678,9023

2110,7899

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).

65



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