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The InfoComm Industry is projected to increase its employment base by 91,518 jobs between
1998 and 2010 (assuming that the estimated number of unfilled jobs today remains constant
over this period). While employment in the InfoComm Industry is projected to grow 26.6
percent, the remainder of the area's private sector employment base is projected to add
675,392 new jobs, for a gain of 22.7 percent.
The economic impact of this projected growth is seen in the personal earnings generated
in the InfoComm Industry and the Industry's overall contribution to the Washington area's
gross regional product (see Table 5). Excluding the government sector, the total InfoComm
employment in 2010 will generate $24.5 billion (in 1998 $s) in personal earnings,
representing a real gain of $6.6 billion over the twelve-year forecast period, for a 37.9
percent increase. This gain will account for 20.3 percent of total personal earnings
projected for all private sector jobs in the Washington area.
Table 5
InfoComm Jobs, Earnings and Output, 1998-2010
Washington Metropolitan Area
Year |
Job Growth* |
Earnings** |
GRP** |
|
InfoComm |
Total |
InfoComm |
Total |
InfoComm |
Total |
1998 |
344.6 |
3323.2 |
17.9 |
88.1 |
29.9 |
149.7 |
2010 |
436.0 |
4090.1 |
24.7 |
8120.5 |
45.5 |
206.8 |
Change |
91.5
|
766.9
|
6.8
|
32.4
|
15.6
|
57.1
|
% Change |
26.6 |
23.1 |
38.0 |
36.8 |
52.2 |
38.1 |
Source: Center for Regional Analysis, GMU
*Private sector only, all jobs including self-employed, in thousands;
**In billions of 1998 $s, private sector only, to gross regional product
The diverse and interdependent nature of the InfoComm Industry within the Washington economy
is seen in its projected contribution to the area's gross regional product (GRP). In 1998,
the InfoComm Industry is estimated to have generated $29.9 billion (in 1998$s) in GRP,
accounting for 20 percent of the total GRP generated by the area's private sector. By 2010,
the InfoComm Industry is projected to generating $45.5 billion in GRP, for a gain of 52.2
percent, while the private sector's contribution to GRP is forecast to grow by 38.1 percent.
The $15.6 billion increase in GRP generated by the InfoComm Industry over this 12-year period
would account for 27.3 percent of the private sector's total increase in GRP and raise its
share of private sector-generated GRP to 22 percent.
All sectors in the Washington area economy benefit from the continued rapid growth of the
InfoComm Industry. Projected InfoComm Industry job growth occurs in three sectors: services,
transportation, communications, and utilities (TCPU), and manufacturing. The share of these
sectors' job gains over the forecast period are shown in Table 6.
Table 6
Job Growth in the InfoComm Industry By Sector, 1998-2010
Washington Metropolitan Area
(jobs in thousands and percent)
Sector |
Total New Jobs |
InfoComm New Jobs |
Percent Share New Jobs |
Manufacturing |
37.1 |
11.2 |
30.2 |
TCPU* |
38.4 |
2.3 |
5.9 |
Services |
419.1 |
78.0 |
18.6 |
Subtotal |
494.6 |
91.5 |
18.5 |
Total |
766.9 |
91.5 |
11.9 |
Source: Center for Regional Analysis, GMU
*transportation, communications and utilities
In addition, the economic activity generated by these jobs will support the creation of
92,532 new jobs (excluding InfoComm jobs) across the other sectors of the area's economy
(Table 7), accounting for 13.3 percent of the projected overall job gain.
Table 7
InfoComm Sector-Specific Multipliers and Related Job Growth
Washington Metropolitan Area
Sector |
Implicit Multiplier |
Job Growth* |
% of Gain** |
Construction |
0.0210 |
1,922 |
7.4 |
Manufacturing |
0.0802 |
7,340 |
19.8 |
TCPU*** |
0.0812 |
7,426 |
19.3 |
Trade |
0.1165 |
10,662 |
8.6 |
FIRE**** |
0.1111 |
10,167 |
22.0 |
Services |
0.5936 |
54,324 |
13.0 |
Other |
0.0076 |
691 |
6.1 |
Total |
1.0111 |
92,532 |
13.2 |
Source: Center for Regional Analysis, GMU
*non-InfoComm jobs;
**percent of projected new jobs exclusive of InfoComm jobs;
***Transportation, communications and utilities
****finance, insurance and real estate
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