How and when should I use the “Employment Update” feature in new regional baseline controls?
You should only use the employment update tab when you know the employment for all (or most) industries. This situation might arise when you have more recent information than REMI. You have two options for updating sector employment in the model. One is to input the revised employment levels for the last historical year and at least the following forecast year, if not several subsequent forecast years. In this case, Policy Insight will calculate the implicit growth rates and apply them to generate figures for the full forecast period. A second option involves calculating the growth rates in a spreadsheet, developing a full forecast off-line, and then inputting the calculated employment levels directly into the tab. The results should be similar using both methods, although the method used in Policy Insight calculates growth rates from a base year, not from year to year. In addition to requiring at least two years of new employment levels, the Employment Update also expects that you ent
