Many recent high school graduates are likely considering a postsecondary education in computer science because those jobs are growing quickly today. But what will demand be when those graduates enter the job market?
Household debt surpassed its 2008 recession peak in the first quarter of 2017, according to a recent report from the Federal Reserve Bank of New York. As of March 31, household debt stood at $12.73 trillion, a $149 billion, or 1.2 percent, increase above the previous quarter. Mortgage balances, which make up the largest amount of debt, rose 1.7 percent to $8.63 trillion.
A good estimate of occupation employment at the local geographic level is a critical piece of labor data. How is such an estimate made in JobsEQ, and what are the advantages of using these data in comparison to retrieving an occupation estimate straight from the Bureau of Labor Statistics (BLS)?
What jobs will be in hot demand in the Richmond region during the next decade? Jobs in the health care and social assistance sector and in the retail industry top the list. For instance, the health care and social assistance sector is expected to need nearly 40,000 workers in the Richmond metro area over the next decade, according to Chmura Economics & Analytics’ JobsEQ technology platform.
Student loan debt ballooned during the Great Recession, and student loan default rates have nearly doubled since 2007. One leading explanation for the rising default rates has been the growth of “non-traditional” borrowers attending community colleges and for-profit institutions. The tendency of these borrowers to be older, from less-wealthy families, complete programs at lower rates, and have weaker labor market outcomes (employment and earnings) all contribute to higher default rates.