Regional Occupation Employment

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)?

Economic Impact: Health care and retail jobs will be in demand during the next 10 years

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.

Students in Distress

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.

Economic Impact: Manufacturing industry still challenged but the sector has changed

Manufacturing often gets a bad rap. That’s probably because the sector has declined by more than 4.9 million jobs since January 2000. The industry also has perception issues. Who wants to work in a dirty old factory with oil on the floor and dust in the air? But the manufacturing industry has changed - it is more high tech and offers better wages, making for a good career choice.