Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • As Halloween approaches, U.S. consumers are seeing some savings as they purchase candy for October 31 st . The Consumer Price Index (CPI) measures the changing cost of goods and services over time. While the CPI for all goods is commonly known as a measure of inflation, we can use subsets of CPI data to track the price changes of specific goods, such as candy and chewing gum. The price of candy th...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • 2017 has been a very active hurricane season. Some analysts argue Hurricane Harvey will be one of the most costly natural disasters in history [1] .   As a region is preparing for a category 4  hurricane such as Harvey, businesses close down and most people evacuate. When some businesses are destroyed during the hurricane, a rise in unemployment follows.  One indicator of this effect is an incre...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • WASHINGTON, D.C. – October 12, 2017   – A joint research report released today by UPCEA and Chmura Economics & Analytics reveals a number of major occupational shifts in technology, healthcare, and other industries and their impact on higher education. The study,   Occupational Shifts and Higher Education Credentials   found a rise in alternative credentialing in the form of certificates, short-te...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • In honor of the National Association of State Workforce Agencies (NASWA) Workforce Summit/81 st Annual Meeting being held October 2017 in Coeur d’Alene, Idaho, we want to provide attendees and other potential visitors with some essential local knowledge and a few insights related to Coeur d’Alene’s economy.   The city is named for its region’s natives, the Coeur d’Alene Tribe , whom French trade...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • “High-skill job groups are projected to continue pacing occupational growth as groups requiring the most education and training are estimated to grow faster than average” The prediction above comes from a 1987 article in the Monthly Labor Review from the Bureau of Labor Statistics.   Many of the predicted trends in occupations of thirty years ago still ring true today. In the article, the...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • Over the past five years, transportation equipment manufacturers have experienced some of the fastest employment growth within the manufacturing sector. Employment for these manufacturers in the United States grew an annual average 2.6% over the five years ending with the second quarter of 2017 compared with an annual average 1.7% for the total manufacturing sector. [1] Within transportation equi...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • Most people probably wouldn’t be too surprised to learn that employment at online retailers or internet publishing and web search portal firms grew at a double-digit annual average pace over the past 10 years ending with 2016. On the other hand, manufacturing employment growing at such a fast pace might raise some eyebrows. The U.S. manufacturing sector employed about 1.8 million fewer worke...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • Rhode Island may be nicknamed the “Ocean State,” but “Marine” appears more often in online job ads than “Ocean” does. Though there are a number of jobs available for someone who loves the ocean, many are not designated specifically in the standard occupation codes. For example, there is no Standard Occupational Classification (SOC) code specific to coastal engineers or oceanographers. A review of...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • In 2008, PEW Research published a study [1] investigating the reasons people either remain in or move away from their hometown. The study found that—among characteristics measured such as gender, age, race, and family income—the largest difference between those who moved and those who stayed centered around educational attainment. Among the people surveyed, 77% of the college graduates had moved ...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • With the JobsEQ RTI data set, [1] one can easily stay up-to-date with which certifications are being requested most by employers in their job ads. The below graphic shows the top four IT certifications for the thirty days ending September 15, 2017; the counts indicate how often these certifications were mentioned by U.S. employers in online ads for computer occupations. [2]   The top crede...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • While the U.S. manufacturing sector employed about 1.8 million fewer workers in 2016 compared to ten years prior, many industries within the sector have posted solid to robust job gains. At the six-digit NAICS [1] code levels, 18 manufacturing industries expanded by at least 8,000 jobs over the last ten years (2006 – 2016). While there is some diversity within these industries, there are severa...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • More than 15.5 million people live in coastal counties in Florida at risk of at least storm surge from Hurricane Irma. Some populations may be more at risk than others. Inspired by the Social Vulnerabilities maps by Direct Relief , the maps below from JobsEQ ® show concentration by county of communities that may be especially vulnerable when Hurricane Irma lands. Individuals with a disability may...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • How would you handle a request from your boss asking whether you’ll be able to continue to attract the right talent needed for your current business operations? In today’s economy, that conversation might go something like this: The unemployment rate in Northern Virginia is 3.1 percent as of April 2017 and the company’s growth plans are contingent on adding at least 50 more cyber security jobs a ...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • As we celebrate the achievement of American workers on this Labor Day, we shouldn’t forget those who are left out of the labor market. The labor force participation rate, which is the percent of the civilian population 16 years and over who have a job or are looking for one, hasn’t been lower since 1978. In July 2017, the labor force participation rate was 62.9 percent — down from a peak of 67.3...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • With the millennial generation entering the labor force, there is much talk that this new generation of workers is more mobile and will work for dozens of companies over their careers. Some observers also say that American workers, in general, are not loyal to the firms that hire them. Are those claims supported by facts, or are they just fueled by anecdotal stories from Silicon Valley or other h...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • With students packing up to go back to college this month with declared or undeclared majors, it’s a good time to consider the fields that graduating students are going into and whether they match up with the skills businesses need. Do the math. From 2010 to 2016, students with a degree in computer and information sciences and support services grew at a strong 6.9 percent annualized pace — more ...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • With the millennial generation entering the labor force, there is much talk that this new generation of workers are more mobile and will work for dozens of companies over their careers. Some observers also say that American workers, in general, are not loyal to the firms that hire them. Are those claims supported by facts, or are they just fueled by anecdotal stories from Silicon Valley or other ...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • With students packing up to go back to college this month with declared or undeclared majors, it’s a good time to consider the fields that graduating students are going into and whether they match up with the skills businesses need. Do the math. From 2010 to 2016, students with a degree in computer and information sciences and support services grew at a strong 6.9 percent annualized pace — more ...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • The National Center for Education Statistics recently released preliminary completions [1] data for U.S. postsecondary schools for the 2015-16 academic year. Some of the trends in these data are highlighted below. [2] From 2010 to 2016, [3] completions in Computer and Information Sciences and Support Services (CIP [4] 11) grew impressively, expanding at a 6.9% annualized pace, over three ti...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • Many recent high school graduates are likely considering a postsecondary education in computer science because those jobs are growing quickly today. But what will demand be when those graduates enter the job market? Chmura’s JobsEQ, which projects the growth of jobs requiring information technology skills, shows that many but not all of these occupations will grow faster than the national average...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • Household debt surpassed its 2008 recession peak in the first quarter of 2017, according to a recent report from the Federal Reserve Bank of New York. As of March 31, household debt stood at $12.73 trillion, a $149 billion, or 1.2 percent, increase above the previous quarter. Mortgage balances, which make up the largest amount of debt, rose 1.7 percent to $8.63 trillion. But outstanding st...

Chmura Economics & Analytics
Chmura Economics & Analytics
YouTube Video
  • A preview of the Career Concourse, a career exploration tool from Chmura Economics & Analytics. This mobile-friendly online site helps college students and other job-seekers learn about careers and job opportunities in their neighborhoods. Powered by JobsEQ and RTI data. JobsEQ: http://www.chmuraecon.com/jobseq RTI: http://www.chmuraecon.com/jobseq/real-time-intelligence/ Subscribe to Chmura Ec...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • A good estimate of occupation employment at the local geographic level is a critical piece of labor data. How is such an estimate made in JobsEQ, and what are the advantages of using these data in comparison to retrieving an occupation estimate straight from the Bureau of Labor Statistics ( BLS )? OES Data The BLS provides local occupation employment estimates through the OES program ( Occupatio...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • What jobs will be in hot demand in the Richmond region during the next decade? Jobs in the health care and social assistance sector and in the retail industry top the list. For instance, the health care and social assistance sector is expected to need nearly 40,000 workers in the Richmond metro area over the next decade, according to Chmura Economics & Analytics’ JobsEQ technology platform. Abo...

Chmura Economics & Analytics
Chmura Economics & Analytics
YouTube Video
  • Labor Data for Educators As an educator, do you struggle with balancing the mission-driven, core aspects of how your educational institution ‘keeps it real’? Education professionals today, more than ever, need to understand how to make education a key distinguisher for real-world learning that leads to real-world jobs. http://www.chmuraecon.com/jobseq Subscribe to Chmura Economics & Analytics ...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • Student loan debt ballooned during the Great Recession, and student loan default rates have nearly doubled since 2007.  One leading explanation for the rising default rates has been the growth of “non-traditional” borrowers attending community colleges and for-profit institutions. The tendency of these borrowers to be older, from less-wealthy families, complete programs at lower rates, and have we...

Chmura Economics & Analytics
Chmura Economics & Analytics
Blog Post
  • Manufacturing often gets a bad rap. That’s probably because the sector has declined by more than 4.9 million jobs since January 2000. The industry also has perception issues. Who wants to work in a dirty old factory with oil on the floor and dust in the air? But the manufacturing industry has changed — it is more high tech and offers better wages, making for a good career choice. Manuf...

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