Real-Time LMI versus Hires

Some people are hesitant to use online job ads data since web ads do not cover all hiring activity. However, the volume of these ads is fairly comparable to hiring in most occupation groups.

Prime-Age Participation Rate

The Bureau of Labor Statistics defines the labor force participation rate as the percentage of civilian noninstitutional population 16 years old and over either working or actively seeking work. However, when comparing one region to another, this may not be the best metric to use.

What Happened in Wholesale? (NAICS 425120 Changes in 2018)

In the last quarter of 2017, there were over 210,000 private sector establishments in the wholesale trade agents and brokers industry (NAICS 425120) according to the Bureau of Labor Statistics (BLS). Just one quarter later, however, the number of these establishments plummeted by 27%.

Why Economic Diversity Matters

Though the economy has been booming and consumer confidence hast hit an eighteen-year high, the chances of a recession in the next two years is increasing according to Chmura’s economists. As such, economic developers may be asking themselves a tough question: “How well can my region withstand another economic recession?”

Amazon’s Impact in Crystal City, Virginia

Amazon announced plans for a new corporate headquarters in September 2017, setting off a frenzy of bids (238 proposals) as well as speculation as to which city would win the competition. On November 13, 2018, it became official, Crystal City, Virginia—just south of downtown Washington D.C. and the location of Ronald Reagan Washington National Airport—would become home to a new headquarters for Amazon, splitting the overall planned expansion with New York City. Chmura Economics & Analytics was honored to perform the economic impact analysis for the Crystal City expansion on behalf of the Virginia Chamber Foundation. This impact analysis included a study of the job, spending, and tax effects projected to result from Amazon’s new headquarters in Northern Virginia.