Economic Impact: Virginia receives a grant to create a Defense Department contract spending impact tool

Virginia’s dependence on defense contracts puts it in both an enviable and awkward position. It’s enviable because firms in the state received more revenue from defense contracts performed than any other state, except California, in the federal fiscal year that ended Sept. 30, 2017. It’s awkward because with 4.4 percent of Virginia’s gross domestic product dependent on defense contracts, the state’s economy can take a hit during defense downsizing — as it did in 2013. During that year, employment stalled in Virginia and grew only 0.7 percent, compared with 1.6 percent growth nationally.

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.

Occupational Demand: Pennsylvania Versus the Nation

For workforce developers, knowing which occupations are most in demand is an essential component for developing programs that meet the needs of their local labor markets. However, a particular occupation growing nationally doesn’t necessarily mean it is growing in every geographical market. In this article, we’ll consider the projected occupational growth demand in Pennsylvania compared with growth demand in the nation.