Chmura’s economic impact model is an integral component of its proprietary JobsEQ technology platform. It gives practitioners in economic development, workforce development, education, and other areas a tool to evaluate the economic impact of a potential project such as a business expansion or relocation. It allows for a seamless transition from JobsEQ’s industry and occupation data to economic impact analysis, thus ensuring data integrity and consistency.
With the millennial generation entering the labor force, there is much talk that this new generation of workers is more mobile and less loyal to their employers. Chmura’s analysis of the historic employee tenure data shows that is not the case. While national employee tenure did decrease in recent years, it is more likely driven by economic conditions such as improved labor market conditions after the great recession.
- Job Growth
Since assuming office in January, the Trump Administration has taken steps to enact policies with a wide range of impacts in the areas of healthcare, environment, immigration, and the economy. Economic policies have not been at the front and center of the media or public discourse lately, but understanding what may come is still extremely important. Potential changes in economic policies may include personal income tax cuts, corporate tax reform, and federal budget shifts, each of which can be quite complex. In this blog, we take a closer look at the different proposals for corporate tax reform.
With the election over, Chmura evaluates the economic effects of the proposed economic policy changes by the Trump Administration. The major policy initiatives involve lowering corporate and individual income taxes, reducing business regulations, increasing military spending and infrastructure investment, and changing trade policies. If implemented, the Trump economic policies will have widespread impacts on the economy, affecting personal consumption, business investment, government spending, as well as imports and exports. Those policies can boost short-term economic growth, yet the long-term effects are less certain.
With dwindling government appropriations for higher education and elevated student loan default rates, more colleges and universities are conducting Return on Investment (ROI) analysis to demonstrate that higher education is a sound investment for students, taxpayers, and society at large. Those institutions include for-profit colleges, community colleges, and public and private not-for-profit four-year colleges.