Traditionally, one measures employment by the number of jobs. However, when part-time and/or seasonal workers are used, this can be a misleading measure resulting in an overstatement of economic impact. Whenever possible, employment impacts are measured both in terms of the number of jobs and the number of full-time equivalents (FTEs), also called person years. In our model, hours worked by part-time and/or seasonal employees are converted into FTEs.
1 One full-time equivalent job is equivalent to 1,832 hours of work. See Appendix C for a detailed calculation of the number of hours per full-time equivalent job. Person years are the same as full time equivalents (FTEs).