Economic Connecticut January, Jobs

Transcription

1 Connecticut Long Term Care (LTC) facilities s* support an estimated $7.3 billion (3.2%) of the state s economic activity 60,,790 employees 2.8% of employment Jobs 83,010 employees 3.8% of employment 8 $2.5 billion 2.1% of labor income l $3.7 billion 3.1% of laborr income 9 $4.1 billion 1.8% of economic activity Economic l $7.3 billion 3.2% of economic activity 20 State/Loc cal $225.0 million Tax Revenue $776.6 million $1,001.6 million *Long Term Care (LTC) facilities include nursing homes, assisted living, and other residential care facilities. These facilities do not include government owned or hospital based facilities. Sources: Economic impact analysis: American Health Care Association using Impact Analysis for Planning (IMPLAN) software and data, Minnesota IMPLAN Group, Inc., 2009 data.

2 Connecticut Output (in millions of dollars) (in millions of dollars) Employment (jobs) Tax Revenuee (in millions of dollars) $4,136.6 $2, ,790 Indirect $1, $ ,470 State/Local $ Induced $2,041.1 $ ,760 $776.6 $ 7,311.1 $ 3, ,010 $ 1,001.6 % of State 3.2% 3.1% 3.8% LTC facilities support other industriess and sectors statewide Economic Employment (jobs) (in millions $) 60,790 $4, , , ,180 1,864.5 Industry/Sector Nursing and Residential Care Facilities Imputed Rental for Owner Occupieents Wholesale Trade Businesses Insurance Carriers Food Services and Drinking Places Offices of Physicians, Dentists, and Other Health Care Providers Private Hospitals Electric Power Generation, Transmission All Other Industries Dwellings Real Estate Establishme Economicc Impact Definitions Effect represents the impact (e.g., change in employment or revenues) for the expenditures and/or production values specified as directed final demand changes. Indirect Effect represents the impact (e.g., change in employmentt or revenues) caused by the iteration of industries purchasing from industries resulting from direct final demand changes. Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demandd changes. Impact is the sum of the direct, indirect and induced effects. is the sum of employee compensation and proprietary income.

3 Connecticut Congressional District 1 Long Term Care (LTC) facilities s* support an estimated $1.8 billion (3.0%) of the district s economic activity 15,,600 employees 2.9% of employment Jobs 20,830 employees 3.9% of employment 8 $ million 2.2% of labor income l $914.1 million 3.1% of laborr income 9 $1.1 billion 1.8% of economic activity Economic l $1.8 billion 3.0% of economic activity 18 State/Loc cal $79.8 million Tax Revenue $170.6 million $250.4 million *Long Term Care (LTC) facilities include nursing homes, assisted living, and other residential care facilities. These facilities do not include government owned or hospital based facilities. Sources: Economic impact analysis: American Health Care Association using Impact Analysis for Planning (IMPLAN) software and data, Minnesota IMPLAN Group, Inc., 2009 data.

4 Connecticut Congressional District 1 Output (in millions of dollars) (in millions of dollars) Employment (jobs) Tax Revenuee (in millions of dollars) $1,070.9 $ ,600 Indirect $ $ ,840 State/Local $79..8 Induced $445.5 $ ,390 $170.6 $ 1,786.2 $ ,830 $250.4 % of District 3.0% 3.1% 3.9% LTC facilities support other industries and sectors district wide Economic Employment (jobs) (in millions $) 15,600 $1, , Economicc Impact Definitions Effect represents the impact (e.g., change in employment or revenues) for the expenditures and/or production values specified as directed final demand changes. Indirect Effect represents the impact (e.g., change in employmentt or revenues) caused by the iteration of industries purchasing from industries resulting from direct final demand changes. Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demandd changes. Impact is the sum of the direct, indirect and induced effects. is the sum of employee compensation and proprietary income. Industry/Sector Nursing and Residential Care Facilities Real Estate Establishme ents Imputed Rental for Owner Occupied Insurance Carriers Private Hospitals Food Services and Drinking Places Offices of Physicians, Dentists, and Other Health Care Providers Electric Power Generation, Transmission All Other Industries Dwellings Wholesale Trade Businesses

5 Connecticut Congressional District 2 Long Term Care (LTC) facilities s* support an estimated $1, million (3.5%) of the district s economic activity 10,,780 employees 3.0% of employment Jobs 14,200 employees 3.9% of employment 5 $ million 2.4% of labor income l $592.6 million 3.2% of laborr income 9 $718.3 million 2.1% of economic activity Economic l $1,183.8 million 3.5% of economic activity 17 State/Loc cal $59.1 million Tax Revenue $119.5 million $178.6 million *Long Term Care (LTC) facilities include nursing homes, assisted living, and other residential care facilities. These facilities do not include government owned or hospital based facilities. Sources: Economic impact analysis: American Health Care Association using Impact Analysis for Planning (IMPLAN) software and data, Minnesota IMPLAN Group, Inc., 2009 data.

6 Connecticut Congressional District 2 Output (in millions of dollars) (in millions of dollars) Employment (jobs) Tax Revenuee (in millions of dollars) $718.3 $ ,780 Indirect $ $ ,000 State/Local $59..1 Induced $314.4 $ ,420 $119.5 $ 1,183.8 $ ,200 $178.6 % of District 3.5% 3.2% 3.9% LTC facilities support other industries and sectors district wide Economic Employment (jobs) (in millions $) 10,780 $ , Economicc Impact Definitions Effect represents the impact (e.g., change in employment or revenues) for the expenditures and/or production values specified as directed final demand changes. Indirect Effect represents the impact (e.g., change in employmentt or revenues) caused by the iteration of industries purchasing from industries resulting from direct final demand changes. Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demandd changes. Impact is the sum of the direct, indirect and induced effects. is the sum of employee compensation and proprietary income. Industry/Sector Nursing and Residential Care Facilities Imputed Rental for Owner Occupieents Wholesale Trade Businesses Insurance Carriers Food Services and Drinking Places Offices of Physicians, Dentists, and Other Health Care Providers Electric Power Generation, Transmission Private Hospitals All Other Industries Dwellings Real Estate Establishme

7 Connecticut Congressional District 3 Long Term Care (LTC) facilities s* support an estimated $1, million (3.6%) of the district s economic activity 11,,960 employees 3.0% of employment Jobs 16,700 employees 4.2% of employment 9 $ million 2.4% of labor income l $730.1 million 3.5% of laborr income 8 $819.3 million 2.0% of economic activity Economic l $1,461.4 million 3.6% of economic activity 18 State/Loc cal $70.4 million Tax Revenue $147.0 million $217.4 million *Long Term Care (LTC) facilities include nursing homes, assisted living, and other residential care facilities. These facilities do not include government owned or hospital based facilities. Sources: Economic impact analysis: American Health Care Association using Impact Analysis for Planning (IMPLAN) software and data, Minnesota IMPLAN Group, Inc., 2009 data.

8 Connecticut Congressional District 3 Output (in millions of dollars) (in millions of dollars) Employment (jobs) Tax Revenuee (in millions of dollars) $819.3 $ ,960 Indirect $ $ ,510 State/Local $70..4 Induced $427.9 $ ,230 $147.0 $ 1,461.4 $ ,700 $217.4 % of District 3.6% 3.5% 4.2% LTC facilities support other industries and sectors district wide Economic Employment (jobs) (in millions $) 11,960 $ , Economicc Impact Definitions Effect represents the impact (e.g., change in employment or revenues) for the expenditures and/or production values specified as directed final demand changes. Indirect Effect represents the impact (e.g., change in employmentt or revenues) caused by the iteration of industries purchasing from industries resulting from direct final demand changes. Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demandd changes. Impact is the sum of the direct, indirect and induced effects. is the sum of employee compensation and proprietary income. Industry/Sector Nursing and Residential Care Facilities Imputed Rental for Owner Occupieents Wholesale Trade Businesses Private Hospitals Insurance Carriers Food Services and Drinking Places Offices of Physicians, Dentists, and Other Health Care Providers Pharmaceutical Preparation Manufacturing All Other Industries Dwellings Real Estate Establishme

9 Connecticut Congressional District 4 Long Term Care (LTC) facilities s* support an estimated $1, million (1.8%) of the district s economic activity 9,680 employees 1.8% of employment Jobs 12,270 employees 2.3% of employment 12 $ million 1.2% of labor income l $538.6 million 1.7% of laborr income 15 $657.2 million 1.1% of economic activity Economic l $1,049.9 million 1.8% of economic activity 33 State/Loc cal $50.3 million Tax Revenue $112.2 million $162.6 million *Long Term Care (LTC) facilities include nursing homes, assisted living, and other residential care facilities. These facilities do not include government owned or hospital based facilities. Sources: Economic impact analysis: American Health Care Association using Impact Analysis for Planning (IMPLAN) software and data, Minnesota IMPLAN Group, Inc., 2009 data.

10 Connecticut Congressional District 4 Output (in millions of dollars) (in millions of dollars) Employment (jobs) Tax Revenuee (in millions of dollars) $657.2 $ ,680 Indirect $ $ ,060 State/Local $50..3 Induced $227.4 $79.1 1,530 $112.2 $ 1,049.9 $ ,270 $162.6 % of District 1.8% 1.7% 2.3% LTC facilities support other industries and sectors district wide Economic Employment (jobs) (in millions $) 9,680 $ , Economicc Impact Definitions Effect represents the impact (e.g., change in employment or revenues) for the expenditures and/or production values specified as directed final demand changes. Indirect Effect represents the impact (e.g., change in employmentt or revenues) caused by the iteration of industries purchasing from industries resulting from direct final demand changes. Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demandd changes. Impact is the sum of the direct, indirect and induced effects. is the sum of employee compensation and proprietary income. Industry/Sector Nursing and Residential Care Facilities Real Estate Establishme ents Imputed Rental for Owner Occupied Food Services and Drinking Places Offices of Physicians, Dentists, and Other Health Care Providers Electric Power Generation, Transmission Private Hospitals All Other Industries Dwellings Insurance Carriers Wholesale Trade Businesses

11 Connecticut Congressional District 5 Long Term Care (LTC) facilities s* support an estimated $1, million (4.2%) of the district s economic activity 12,,750 employees 3.7% of employment Jobs 17,060 employees 4.9% of employment 5 $ million 3.1% of labor income l $739.9 million 4.3% of laborr income 8 $869.7 million 2.5% of economic activity Economic l $1,457.5 million 4.2% of economic activity 15 State/Loc cal $70.3 million Tax Revenue $158.6 million $228.9 million *Long Term Care (LTC) facilities include nursing homes, assisted living, and other residential care facilities. These facilities do not include government owned or hospital based facilities. Sources: Economic impact analysis: American Health Care Association using Impact Analysis for Planning (IMPLAN) software and data, Minnesota IMPLAN Group, Inc., 2009 data.

12 Connecticut Congressional District 5 Output (in millions of dollars) (in millions of dollars) Employment (jobs) Tax Revenuee (in millions of dollars) $869.7 $ ,750 Indirect $ $ ,510 State/Local $70..3 Induced $375.4 $ ,800 $158.6 $ 1,457.5 $ ,060 $228.9 % of District 4.2% 4.3% 4.9% LTC facilities support other industries and sectors district wide Economic Employment (jobs) (in millions $) 12,750 $ , Economicc Impact Definitions Effect represents the impact (e.g., change in employment or revenues) for the expenditures and/or production values specified as directed final demand changes. Indirect Effect represents the impact (e.g., change in employmentt or revenues) caused by the iteration of industries purchasing from industries resulting from direct final demand changes. Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demandd changes. Impact is the sum of the direct, indirect and induced effects. is the sum of employee compensation and proprietary income. Industry/Sector Nursing and Residential Care Facilities Imputed Rental for Owner Occupieents Insurance Carriers Wholesale Trade Businesses Food Services and Drinking Places Offices of Physicians, Dentists, and Other Health Care Providers Private Hospitals Pharmaceutical Preparation Manufacturing All Other Industries Dwellings Real Estate Establishme

13 United States Long Term Care (LTC) facilities s* support an estimated $529.0 billion (3.7%) of the nation s economicc activity 3,121,960 employees 1.8% of employment Jobs 5,445,420 employees 3.2% of employment 10 $102.5 billion 1.3% of labor income l $205.2 billion 2.6% of laborr income 16 $183.5 billion 1.3% of economic activity Economic l $529.0 billion 3.7% of economic activity 27 State/Loc cal $22.2 billion Tax Revenue $38.6 billion $60.9 billion *Long Term Care (LTC) facilities include nursing homes, assisted living, and other residential care facilities. These facilities do not include government owned or hospital based facilities. Sources: Economic impact analysis: American Health Care Association using Impact Analysis for Planning (IMPLAN) software and data, Minnesota IMPLAN Group, Inc., 2009 data.

14 United States Output (in millions of dollars) $183,462.2 $102,502.5 (in millions of dollars) Employment (jobs) 3,121,960 Tax Revenuee (in millions of dollars) Indirect $112, $32, ,970 State/Local $22, Induced $233,043.6 $70, ,618,480 $38,630.1 $528,956.1 $205, ,445,420 $60,866.4 % of State 3.7% 2.6% 3.2% LTC facilities support other industriess and sectors statewide Economic Employment (jobs) (in millions $) 3,121,960 $183, ,130 26, , ,830 14, ,630 12, ,520 10, ,710 8, ,610 8, , ,727, ,546.9 Industry/Sector Nursing and Residential Care Facilities Real Estate Establishme ents Imputed Rental for Owner Occupied Insurance Carriers Food Services and Drinking Places Private Hospitals Offices of Physicians, Dentists, and Other Health Care Providers Petroleum Refineries All Other Industries Dwellings Wholesale Trade Businesses Economicc Impact Definitions Effect represents the impact (e.g., change in employment or revenues) for the expenditures and/or production values specified as directed final demand changes. Indirect Effect represents the impact (e.g., change in employmentt or revenues) caused by the iteration of industries purchasing from industries resulting from direct final demand changes. Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demandd changes. Impact is the sum of the direct, indirect and induced effects. is the sum of employee compensation and proprietary income.