Economic Impact: Increased military spending could benefit Virginia's economy

Virginia stands to receive more benefit than any other state in the country under the president’s plan to increase military spending. In President Trump’s address to Congress last week, his plan “calls for one of the largest increases in national defense spending in American history.” Defense spending contributes to the Virginia economy in multi-facet ways.

According to a 2015 Federal Reserve Bank of New York Staff Report, almost one-half (46%) of recent college graduates were underemployed in 2014. The so-called underemployed workers are employed in an occupation below their level of qualification. For example, a graduate with a Bachelor’s Degree in economics who is waiting tables or working at a retail store is considered underemployed.

Help Wanted: Applications Software Developers, Anywhere, USA

Over the past ten years, aside from registered nurses, employment gains for applications software developers have outperformed those for all other highly skilled occupations, adding more than 150,000 workers in the nation over the ten years ending with the third quarter of 2016. More than 775,000 workers were classified as applications software developers in the third quarter of 2016.

Economic Impact: Optimistic outlook should mean strong holiday sales for retailers

The holiday selling season is in full force at stores in malls and shopping centers. It is the time of year that represents about 20 percent of the retail industry's total sales. And based on recent announcements by some national retailers and online sellers that are looking to hire more seasonal workers than last year, it looks like the chains are optimistic about the upcoming holiday selling season. There is good reason for that bright outlook.