SleepBetter Lost-Hour Economic Index

These are the findings of Chmura Economics & Analytics in a study entitled “Estimating the Economic Loss of Daylight Saving Time for U.S. Metropolitan Statistical Areas” commissioned by the Carpenter Co. The study focused on only the aspects of economic losses where solid evidence from peer-reviewed academic journals could be obtained, showing how the DST change can lead to an increase in heart attacks, workplace injuries in the mining and construction sectors, and increased cyberloafing that reduces productivity for people who typically work in offices. A reasonable economic cost was then developed from the economic costs of heart attacks, workplace accidents and cyberloafing and applied to the more than 300 Metropolitan Statistical Areas (MSA) in the U.S.

Have Population and Commuting Patterns Changed In Your Region?

Metropolitan Statistical Areas (MSAs) and Micropolitan Statistical Areas (µSAs) are collections of counties where there is so much interconnectivity between the counties that they should be measured as one economy rather than separate counties. For example, in the Dallas-Fort Worth-Arlington, Texas MSA many individuals live in Tarrant County but work in Dallas County.

Cost of Living

The cost of living is one of many metrics we examine when assisting site selectors in identifying attractive labor markets for relocations or expansions.

MSA's Don't Tell the Whole Story

Expanding firms often say skilled labor is one of the most important factors determining where they locate their next operations. Although most firms know they need accurate labor data, they often don’t consider the importance of using an accurate labor shed that defines where they will be drawing workers.

State-Level Gross Domestic Product (GDP) Now Available by Quarter

State-level gross domestic product (GDP) is now available by quarter. Previously, the U.S. Bureau of Economic Analysis (BEA) only provided state-level GDP on an annual basis. The agency’s news release explains “These new statistics provide a more complete picture of economic growth across states that can be used with other regional data to gain a better understanding of regional economies as they evolve from quarter to quarter.”