Employment impacts of higher energy prices – manufacturing industries only (results of state/panel regressions)
| Manufacturing | ||
|---|---|---|
| (1) | (2) | |
| State/industry/year panel | -0.15*** | -.03* |
| (.04) | (.02) | |
| Predicted employment effect, short-run | 97,500 | 19,500 |
| Quadratic in year | yes | yes |
| Year fixed effects | yes | yes |
| State fixed effects | yes | yes |
| State-specific time trend | no | yes |
| Industry fixed effect | yes | yes |
| Industry-specific time trend | no | yes |
| Unemployment gap | no | yes |
| Years | 1990–2012 | 1990–2012 |
| Observations | 1,184 | 1,184 |
Note: ***,**,* denote statistical significance at the 1, 5, and 10 percent levels respectively. Standard errors are in parentheses.
Source: BLS Current Employment Statistics (CES) and the State Energy Data System (SEDS)