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?”

Introducing Regional Underemployment

The unemployment rate in the United States is at historically low levels, coming in at 3.9% for July 2018, with many observers suggesting the nation is now at full employment. Despite the low unemployment rate, some questions remain about the state of the workforce. For example, one question is “how is the employment being utilized?” Or to put it another way, just because people have jobs right now, does that mean they have good jobs? One way to measure employment utilization is to look at the underemployment rate.

Real-Time Demand for STEM

Jobs in the fields of science, technology, engineering, and math (STEM[1]) are expected to grow faster than the average occupation over the next 10 years, but what does demand for STEM vs. non-STEM look like today? Real-time intelligence from online job ads can help compare these occupation groups.

Tax Season “Help-Wanted”

April 17, 2018 is the deadline for Americans to file their individual tax returns for 2017. With the passage of the Tax Cut and Jobs Act of 2017, there are significant changes in the federal individual income tax rates and deductions allowed. While those changes will mostly impact American taxpayers when they file tax returns in 2019, it is never too early to start understanding and planning for changes.

California Wildfires and Day-to-Day Job Impacts

Last year, we posted a blog examining the effects of Hurricane Harvey on job postings and, by extension, employment. Below, we take the same approach to look at the impacts of a different natural disaster prevalent in late 2017 and early this year: the wildfires in California. Specifically, we are focusing on the Tubbs Fire, which affected parts of Napa, Sonoma, and Lake counties in Northern California during October 2017; and the Thomas Fire, which affected Ventura and Santa Barbara counties in Southern California in December 2017.