Not All Jobs are Created Equal—New Report Shows Why

From the Economic Policy Institute (http://www.epi.org/):

Not every job is created equal ― at least not in terms of how it impacts the rest of the labor market.

In a new report by EPI’s Josh Bivens, we see how one new manufacturing job in the U.S. results in 7.4 new jobs in other industries. Whereas one new retail job creates just 1.2 new jobs.

This is due, in part, to what’s known as backward linkages ― essentially how a job in a particular industry results in the need for materials (and more jobs).

Check out Josh’s new report here.

Then share the graphic below on Facebook and Twitter, which demonstrates how the loss of manufacturing jobs is more detrimental to the U.S. job market than nearly any other industry.

EPI’s research shows that the loss of 100 auto manufacturing jobs results in the indirect loss of 744 additional jobs.

The only two industries with higher indirect job losses are utilities (9.6 to 1) and real estate and rental leasing (8.8 to 1).

This effect is known as “employment multipliers” — the degree of backward and forward linkages that exists between industries.

Share this new report on Facebook and Twitter to help encourage investment in the top employment multiplier industries. It’s critical that our policy makers understand the ripple effects that job loss (and job creation) in certain industries have on the rest of the U.S. economy.