Predicting Holiday Spending

While consumers may look forward to lower prices on Thanksgiving turkeys this year, signs are also good for retailers more concerned with the day after Thanksgiving.

Examining Industry Mobility for Occupations

Industry mobility indicates the potential ease of switching industries based on an occupation’s employment share across industries. A mobile occupation is one in which workers can move from one industry to another with relative ease. This is important in designing training programs with skills needed across multiple industries as well as in the event of industry decline or a dislocation event. For example, almost 80% of electricians are employed in the construction sector. A downturn in construction is therefore likely to be a challenge for electricians because they may not be able to find a new job in another industry since such a large majority of employment opportunities for electricians are concentrated in the construction sector.

Introducing Chmura’s Economic Impact Model

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.