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Manufacturing Jobs Still Pack the Biggest Punch for Economic Growth

  • “Geoff Forester photograph, courtesy of the New Hampshire Community Loan Fund”.

    An interesting relationship exists between manufacturing jobs and service jobs. The New Hampshire Center for Public Policy issued a report on the impact of Smart Manufacturing and High Technology on New Hampshire’s economy in March 2011. Besides the fact that Manufacturing and High Tech are the largest portion of the state’s economy (at 19%), more manufacturing jobs equates to more services jobs. In referencing economic scenario models done by Fairpoint Communications, the Public Policy Center reported that every 100 manufacturing jobs created 138 indirect and induced jobs in other sectors, creating a total of $16.5 million in personal income. By contrast, 100 health care jobs created 55 indirect and induced jobs, creating $7.3 million in personal income. Further down on the list, 100 tourism jobs only created 32 indirect and induced jobs, for a total personal income impact of $4.4 million. More manufacturing creates a wealthier economy for all. We need more skilled workers to grow the manufacturing economy!

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Taking Innovative Casting Technology to Your Bottom Line™

Graphicast Inc.

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Jaffrey, NH 03452
phone: 603-532-4481
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