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Economic Modeling Specialists Intl. The Impact of Poultry Processing in Fayetteville MSA - November 2014 -

The Impact of Poultry Processing in Fayetteville MSA

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Page 1: The Impact of Poultry Processing in Fayetteville MSA

Economic Modeling Specialists Intl.

The Impact of Poultry Processing in Fayetteville MSA

- November 2014 -

Page 2: The Impact of Poultry Processing in Fayetteville MSA

Impact of Poultry Processing in Fayetteville MSA

ECONOMICMODELING.COM

NIACS INDUSTRY CHANGE IN JOBS

Impacts

Changes to Poultry Processing (311615)

Scenario Results

$37,032,075Change in Earnings

1.32 Multiplier

1,385Change in Jobs 1.28 Multiplier

$26,747Average Earnings Per

Job (2012)

Page 3: The Impact of Poultry Processing in Fayetteville MSA

Impact of Poultry Processing in Fayetteville MSA

ECONOMICMODELING.COM

Impacts

Effect on Jobs from Adding 1,081 Jobs to Poultry Processing

Effect on Earnings from Adding 1,081 Jobs to Poultry Processing

Initial�

Direct�

Indirect�

Induced�

1,081Initial

1.00 Multiplier

173 Direct

0.16 Multiplier

25Indirect

0.02 Multiplier

105Induced

0.10 Multiplier

$28,150,029Initial

1.00 Multiplier

$4,835,197Direct

0.17 Multiplier

$758,629Indirect

0.03 Multiplier

$3,288,200Induced

0.12 Multiplier

Initial�

Direct�

Indirect�

Induced�

Page 4: The Impact of Poultry Processing in Fayetteville MSA

Impact of Poultry Processing in Fayetteville MSA

ECONOMICMODELING.COM

Industry Summary

Poultry Processing in Fayetteville MSA

Regional Trends

2,578Jobs (2014)

890% above national average

26.1%Change (2014-2019)

Nation: 2.4%

$48,978Avg. Earnings/Job (2014)

Nation: $36, 068

Page 5: The Impact of Poultry Processing in Fayetteville MSA

Impact of Poultry Processing in Fayetteville MSA

ECONOMICMODELING.COM

Industry Summary

Occupations Employed by this Industry

Industry Gender Breakdown Industry Age Breakdown

Male�

Female�

64.7%(1,669 jobs)

35.3%(910 jobs)

���������

14-18

19-24

25-34

35-44

45-54

55-64

65+

14-18, 0.3%

19-24, 12.6%

25-34, 30.9%

35-44, 21.7%

45-54, 19.6%

55-64, 11.5%

65+, 3.3%

Page 6: The Impact of Poultry Processing in Fayetteville MSA

Impact of Poultry Processing in Fayetteville MSA

ECONOMICMODELING.COM

Appendix A - Data Sources and Calculations

Input-Output DataThe input-output model in this report is EMSI’s gravitational flows multi-regional social account matrix

model (MR-SAM). It is based on data from the Census Bureau’s Current Population Survey and American

Community Survey; as well as the Bureau of Economic Analysis’ National Income and Product Accounts,

Input-Output Make and Use Tables, and Gross State Product data. In addition, several EMSI in-house data

sets are used, as well as data from Oak Ridge National Labs on the cost of transportation between counties.

State Data SourcesThis report uses state data from the following agencies: North Carolina Department of Commerce, Labor

and Economic Analysis Division

Industry DataEMSI industry data have various sources depending on the class of worker. (1) For QCEW Employees,

EMSI primarily uses the QCEW (Quarterly Census of Employment and Wages), with supplemental

estimates from County Business Patterns and Current Employment Statistics. (2) Non-QCEW employees

data are based on a number of sources including QCEW, Current Employment Statistics, County Business

Patterns, BEA State and Local Personal Income reports, the National Industry-Occupation Employment

Matrix (NIOEM), the American Community Survey, and Railroad Retirement Board statistics. (3)

Self-Employed and Extended Proprietor classes of worker data are primarily based on the American

Community Survey, Nonemployer Statistics, and BEA State and Local Personal Income Reports. Projections

for QCEW and Non-QCEW Employees are informed by NIOEM and long-term industry projections

published by individual states.

Staffing Patterns DataThe staffing pattern data in this report are compiled from several sources using a specialized process. For

QCEW and Non-QCEW Employees classes of worker, sources include Occupational Employment Statistics,

the National Industry-Occupation Employment Matrix, and the American Community Survey. For the

Self-Employed and Extended Proprietors classes of worker, the primary source is the American Community

Survey, with a small amount of information from Occupational Employment Statistics.

Equifax Business-Level DataData for individual businesses is provided by Equifax (http://www.equifax.com/commercial/), which

maintains a database of more than 20 million U.S. business entities. Note that in aggregate it will not be

consistent with EMSI labor market data due to differences in definitions, methodology, coverage, and

industry/geographic classification.