Washington Area Economy and Housing Market: Performance and Outlook NVAR Economic Summit

Size: px
Start display at page:

Download "Washington Area Economy and Housing Market: Performance and Outlook NVAR Economic Summit"

Transcription

1 Washington Area Economy and Housing Market: Performance and Outlook NVAR Economic Summit September 13, 2018 Donna Hurwitt Director, Market Intelligence Fairfax County Economic Development Authority

2 FAIRFAX COUNTY S ADVANTAGES Market Access Dynamic, Diverse, International Business Community Center of Innovation Workforce: Highly Educated and Skilled Real Estate: A Variety of Options Outstanding Quality of Life

3

4 MAJOR CORPORATE ANNOUNCEMENTS

5 HIGHER EDUCATION CONFERRED ANNUALLY

6 FAIRFAX COUNTY COMMERCIAL REAL ESTATE

7 6.0 U.S. Gross Domestic Product Quarterly Change Real GDP (Billions) $19,000 % $18,000 $17,000 $16,000 $15,000 $14,000 $13,000 $12,000 $11, $10,000 Source: Bureau of Economic Analysis (Seasonally Adjusted, Chained 2012 Dollars ) % 2018Q2 +4.2%

8 US Payroll Jobs Month-to-Month Change (000s) Total (Millions) M Aug +201K Since M Source: Bureau of Labor Statistics (Seasonally Adjusted), GMU Center for Regional Analysis

9 Consumer Confidence Current Situation Expectations August 2018 Cur. = Exp. = (1985 = 100) Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Source: The Conference Board, GMU Center for Regional Analysis

10 The Washington Economy

11 110 Annual Job Change - Washington MSA MOTYC Non-Farm Jobs 000 s 000 s 3, ,300 3,200 3,100 3,000 2,900 July 17- July K Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis 2,800 July-18 Total: 3,360 K

12 Employment Composition by Sector July 2018 Washington MSA Professional & Business Services Education & Health Services Federal Government State & Local Government Leisure & Hospitality Retail Trade Other Services Construction Financial Activites Information Transportation & Utilities Wholesale Trade Manufacturing 2.2% 2.1% 1.9% 1.7% 5.0% 4.8% 6.4% 10.8% 10.0% 10.5% 8.3% 13.1% 23.2% Source: US Bureau of Labor Statistics, Current Employment Statistics 0% 5% 10% 15% 20% 25% 12

13 (000s) 25 Professional & Business Services Washington MSA Month Over the Year Change Prof., Sci. & Tech. Svcs & Mgt. Admin. & Waste Mgt Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

14 (Ranked by Size in 2017) Prof. & Bus. Svcs Educ & Health Svcs Federal Govt. State & Local Govt Leisure & Hosp. Retail Trade Other Services Construction Financial Information Transp. & Util. Wholesale Trade Manufacturing -4.8 Job Change by Sector July 2017 July 2018 Washington MSA (000s) Total = 77, Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

15 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 15 Largest Job Markets Job Change: July 2017 July 2018 Washington +2.3% Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis

16 50 Annual Job Change Northern VA MOTYC Non-Farm Jobs 000 s 000 s 1, ,500 1,450 1,400 1,350 1,300 July 17- July K Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis 1,250 July-18 Total: 1,493 K

17 (Ranked by Size in 2017) Prof. & Bus. Svcs Educ & Health Svcs State & Local Govt Retail Trade Leisure & Hosp. Federal Govt. Other Services Financial Construction Transp. & Util. Information Wholesale Trade Manufacturing -2.1 Job Change by Sector July 2017 July 2018 Northern Virginia Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis (000s) Total 28,

18 Unemployment Rates in the WMSA By Sub-State Area DC 4.1 SMD 3.9 U.S. 3.5 MSA 2.4 NVA 2 0 Source: Bureau of Labor Statistics (Region - Not Seasonally Adjusted, US Seasonally Adjusted)

19 Washington Area and NVAR Region Housing Trends

20 Home Sale Price Washington MSA $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 Med Home Sale Price Avg Home Sale Price $0 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

21 Home Sale Price NVAR Region $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 Med Home Sale Price Avg Home Sale Price $0 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

22 Home Sale Price Fairfax County $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 Med Home Sale Price Avg Home Sale Price $0 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

23 Home Sale Price Arlington $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 Med Home Sale Price Avg Home Sale Price $0 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

24 Home Sale Price Alexandria $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 Med Home Sale Price Avg Home Sale Price $0 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

25 50,000 40,000 Closed Sales and Inventory Washington MSA Total Sales Inventory(Months End) 30,000 20,000 10,000 0 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

26 12,000 10,000 8,000 Closed Sales and Inventory NVAR Region Total Sales Inventory(Months End) 6,000 4,000 2,000 0 Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

27 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Jul-99 Jul-00 Jul-01 Closed Sales and Inventory Fairfax County Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Total Sales Inventory(Months End) Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

28 Closed Sales and Inventory Arlington 1,400 1,200 1,000 Total Sales Inventory(Months End) Jul-99 Jul-00 Jul-01 Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

29 1,400 1,200 1, Jul-99 Jul-00 Jul-01 Closed Sales and Inventory Alexandria Jul-02 Jul-03 Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Total Sales Inventory(Months End) Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18

30 Outlook

31 Employment Change in the WMSA by Sub-State Area (000s) D.C Sub. MD No. VA REGION Source: BLS, IHS Economics, GMU Center for Regional Analysis (December 2016) NOTE: The regional totals do not include Jefferson, WV. Average Annual Change = 37,300

32 NVAR Region Forecasts

33 600,000 Median Sales Price Forecast Fairfax 500, , , , ,000 0 Fairfax Median Sales Price Fairfax Median Sales Price Forecast

34 Sales Forecast (units) Fairfax 2,500 2,000 1,500 1, Fairfax Sales Fairfax Sales Forecast Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

35 Inventory Forecast (months end) Fairfax 5,000 4,000 3,000 2,000 1,000 0 Fairfax Inventory Fairfax Inventory Forecast Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

36 Median Sales Price Forecast Arlington 700, , , , , , ,000 Arlington Median Sales Price Arlington Median Sales Price Forecast 0 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

37 Sales Forecast (units) Arlington Arlington Sales Arlington Sales Forecast Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

38 Inventory Forecast (months end) Arlington 1, Arlington Inventory Arlington Inventory Forecast Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

39 600,000 Median Sales Price Forecast Alexandria 500, , , , ,000 Alexandria Median Sales Price Alexandria Median Sales Price Forecast 0 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

40 Sales Forecast (units) Alexandria Alexandria Sales Alexandria Sales Forecast Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

41 Inventory Forecast (months end) Alexandria Alexandria Inventory Alexandria Inventory Forecast Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

42 Key Factors Now/This Year: On a roll Large corporate prospects Federal budget (let the good times roll) Bonus checks Job growth constrained by labor availability Building permits not booming Looking Forward Economic development = Talent attraction Quality of life is key Net effects of new tax laws on worker take home Effects of SALT limitations on local governments Increasing debate about 1099 work versus employment The sharing economy Construction costs AI

43

Cardinal Bank & George Mason University

Cardinal Bank & George Mason University Cardinal Bank & George Mason University 2th Annual Economic Conference Friday, January 13, 212 cra.gmu.edu Cardinal Bank/George Mason University 2 th Annual Economic Conference Is This a Recovery or What?

More information

The Washington Area s Current Economic Performance

The Washington Area s Current Economic Performance Regional Economics Workshop The Washington DC Regional Economy Current Conditions and Outlook Lisa A. Sturtevant, Ph.D. Assistant Research Professor, School of Public Policy Deputy Director, Center for

More information

Virginia Association of Economists

Virginia Association of Economists Virginia Association of Economists The Washington Area Economy: Major Conditions and Trends Shaping Its Future Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center

More information

GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO

GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO GREATER PHOENIX ECONOMIC SNAPSHOT Chris Camacho, President & CEO 1 2 THE GREATER PHOENIX ECONOMIC COUNCIL GREATER PHOENIX About the Greater Phoenix Economic Council (GPEC) 3 Our mission is to attract quality

More information

The Structure of the Healthcare Sector and Healthcare Occupations in Massachusetts

The Structure of the Healthcare Sector and Healthcare Occupations in Massachusetts The Structure of the Healthcare Sector and Healthcare Occupations in Massachusetts June 26 th, 2007 Jonathan Latner Research and Evaluation Analyst Commonwealth Corporation 617-727-8158 jlatner@commcorp.org

More information

FIVE YEAR FORECAST FY THROUGH FY

FIVE YEAR FORECAST FY THROUGH FY FIVE YEAR FORECAST FY 2014-15 THROUGH FY 2018-19 NOVEMBER 19, 2013 Catheryn Whitesell, Director Budget and Management Services Farrell Hanzaker, Chief Financial Officer Virginia Beach City Public Schools

More information

2014 was yet another great year!

2014 was yet another great year! 215 216 Forecast for Ottawa County 214 was yet another great year! George A. Erickcek Brian Pittelko W.E. Upjohn Institute for Employment Research February 3, 215 1 Outline The national economy is speeding

More information

Employment & Unemployment

Employment & Unemployment Employment & Unemployment Estimates for June 2010 Unemployment Rates: Nevada Statewide 14.2% (Seasonally Adjusted) Las Vegas-Paradise MSA 14.5% Reno-Sparks MSA 13.6% Carson City MSA 13.4% Elko Micropolitan

More information

Employment & Unemployment

Employment & Unemployment Employment & Unemployment Estimates for August 2008 Unemployment Rates: Nevada Statewide 7.1% (Seasonally Adjusted) Las Vegas-Paradise MSA 7.1% Reno-Sparks MSA 6.6% Carson City MSA 6.8% Elko Micropolitan

More information

SECTION 2 INSTALLATION DESCRIPTION

SECTION 2 INSTALLATION DESCRIPTION SECTION 2 INSTALLATION DESCRIPTION 2.1 DESCRIPTION OF ANDREWS AIR FORCE BASE Andrews AFB is located in the Maryland portion of the Washington D.C. Metropolitan Area. The Base is situated in northwestern

More information

Employment & Unemployment

Employment & Unemployment Employment & Unemployment Estimates for December 2008 Unemployment Rates: Nevada Statewide 9.1% (Seasonally Adjusted) Las Vegas-Paradise MSA 9.1% Reno-Sparks MSA 9.0% Carson City MSA 9.4% Elko Micropolitan

More information

Nevada s Unemployment Rate Remains Unchanged in March

Nevada s Unemployment Rate Remains Unchanged in March For Immediate Release April 18, 204 Nevada s Unemployment Rate Remains Unchanged in March Carson City, NV Nevada s unemployment rate remained at a seasonally-adjusted 8.5 percent for March, the same as

More information

F Quarter 201 Real Estate Market Update. The Builder Developer Lender Council of the Greater Atlanta Home Builders Association

F Quarter 201 Real Estate Market Update. The Builder Developer Lender Council of the Greater Atlanta Home Builders Association F Quarter 201 Real Estate Market Update The Builder Developer Lender Council of the Greater Atlanta Home Builders Association Prepared and presented by: Eugene James, Atlanta Director Metrostudy Housing

More information

Metro Areas See Improvement in April s Unemployment Numbers

Metro Areas See Improvement in April s Unemployment Numbers For Immediate Release May 23, 2017 Metro Areas See Improvement in April s Unemployment Numbers CARSON CITY, NV All three metro areas experienced positive results in the labor market for April. In Las Vegas,

More information

Nevada s Metro Areas Show Improvement Since Height of Recession

Nevada s Metro Areas Show Improvement Since Height of Recession For Immediate Release March 14, 2017 Nevada s Metro Areas Show Improvement Since Height of Recession CARSON CITY, NV In Las Vegas, the jobless rate stands at 5.1 percent for January, while Reno/Sparks

More information

RESEARCH BRIEF. OIR Office of Institutional Research, Planning, and Assessment. Employment Projections for Northern Virginia: Automotive Technology

RESEARCH BRIEF. OIR Office of Institutional Research, Planning, and Assessment. Employment Projections for Northern Virginia: Automotive Technology RESEARCH BRIEF OIR No. 71-10 Office of Institutional Research, Planning, and Assessment September 2010 Employment Projections for Northern Virginia: Automotive Technology This brief presents data describing

More information

How are Things Going? Thoughts to Barry County

How are Things Going? Thoughts to Barry County How are Things Going? Thoughts to Barry County Jim Robey February 25, 2016 1 Upjohn Institute for Employment Research The Institute is an activity of the Upjohn Unemployment Trustee Corporation, which

More information

The Roadmap for the Washington Region s Future Economy

The Roadmap for the Washington Region s Future Economy The Roadmap for the Washington Region s Future Economy Prepared by Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Senior Advisor and Director of Special Projects Center for

More information

NYC Quarterly Labor Market Brief

NYC Quarterly Labor Market Brief New York City NYC Quarterly Labor Market Brief Employment and labor force highlights in New York City and its five boroughs This brief was prepared for the New York City Workforce Funders by NYCLMIS CUNY

More information

Oakland Workforce Development Board (OWDB) Confirming Local & Regional Priority Industry Sectors

Oakland Workforce Development Board (OWDB) Confirming Local & Regional Priority Industry Sectors Oakland Workforce Development Board (OWDB) Confirming Local & Regional Priority Industry Sectors Thursday, January 12, 2017 Overview Industry Sectors & Pathways Regional Economic & Labor Market Overview

More information

DEVELOPMENT STRATEGIES

DEVELOPMENT STRATEGIES Cover Page OUR EXPERIENCE DEVELOPMENT STRATEGIES Kansas City, MO Columbia, MO St. Louis, MO Blacksburg, VA Louisville, KY University of Missouri St. Louis, MO Lubbock, TX Des Moines, IO Greenville, SC

More information

Health Care Sector Profile for the Lake Charles RLMA. Employment and Wage Trends 4th Quarter 2015 for the Health Care Sector by Parish

Health Care Sector Profile for the Lake Charles RLMA. Employment and Wage Trends 4th Quarter 2015 for the Health Care Sector by Parish Health Care Sector Profile for the Lake Charles RLMA The Labor Market information (LMI) division of Research and Statistics helps provide information on various sectors in the regional economy. Reports

More information

NYC Quarterly Labor Market Brief

NYC Quarterly Labor Market Brief Bronx NYC Quarterly Labor Market Brief Employment and labor force highlights in New York City and its five boroughs This brief was prepared for the New York City Workforce Funders by NYCLMIS CUNY Graduate

More information

Seven Dimensions of Oregon s Employment Situation

Seven Dimensions of Oregon s Employment Situation Seven Dimensions of Oregon s Employment Situation Portland State University February 18, 2011 Seven Dimensions of Oregon s Employment Situation D1: LAUS Unemployment D2: CES - Industry D3: QCEW - Covered

More information

NYC Quarterly Labor Market Brief

NYC Quarterly Labor Market Brief Q2 2018 Queens NYC Quarterly Labor Market Brief Employment and labor force highlights in New York City and its five boroughs This brief was prepared for the New York City Workforce Funders by NYCLMIS CUNY

More information

MARYLAND S N A P S H O T A MONTHLY UPDATE OF THE FIFTH DISTRICT ECONOMY FEDERAL RESERVE BANK OF RICHMOND. January 2018.

MARYLAND S N A P S H O T A MONTHLY UPDATE OF THE FIFTH DISTRICT ECONOMY FEDERAL RESERVE BANK OF RICHMOND. January 2018. January 218 January Summary According to recent reports, economic conditions in improved somewhat. Although the unemployment rate rose, payroll employment increased and housing marking indicators were

More information

Employers in Health Services Struggle to Fill Open Job Positions The Sector s Mean Vacancy Duration Rises to 51 Working Days in Early 2017

Employers in Health Services Struggle to Fill Open Job Positions The Sector s Mean Vacancy Duration Rises to 51 Working Days in Early 2017 April 2017 Report 36 Employers in Health Services Struggle to Fill Open Job Positions The Sector s Mean Vacancy Duration Rises to 51 Working Days in Early 2017 The DHI-DFH Mean Vacancy Duration Measure

More information

Regional Projections to 2040: Methodology and Results. Stephen Levy, CCSCE Presentation to ABAG Regional Planning Committee April 4, 2012

Regional Projections to 2040: Methodology and Results. Stephen Levy, CCSCE Presentation to ABAG Regional Planning Committee April 4, 2012 Regional Projections to 2040: Methodology and Results Stephen Levy, CCSCE Presentation to ABAG Regional Planning Committee April 4, 2012 Overview Best Practice Methodology for Regional Projections Developing

More information

A Public Private Partnership for Economic Development JOBS

A Public Private Partnership for Economic Development JOBS A Public Private Partnership for Economic Development Structure, Program, Priorities The World Bank May 14, 2008 www.wdcep.com JOBS DC has more jobs than residents. DC jobs provide the highest wages in

More information

Testimony of. Before the House Armed Services Committee on the Economic Consequences of Defense Sequestration. October 26, 2011

Testimony of. Before the House Armed Services Committee on the Economic Consequences of Defense Sequestration. October 26, 2011 Testimony of Stephen S. Fuller, Ph.D., Dwight Schar Faculty Chair, University Professor and Director of the Center for Regional Analysis George Mason University Before the House Armed Services Committee

More information

Employment & Unemployment

Employment & Unemployment Employment & Unemployment Estimates for September 2006 Unemployment Rates: Nevada Statewide 4.0% (Seasonally Adjusted) Las Vegas-Paradise MSA 4.0% Reno-Sparks MSA 3.7% Carson City MSA 4.4% Elko Micropolitan

More information

IT job growth slides in October following a spectacular September, as 12,900 jobs are added to U.S. payrolls.

IT job growth slides in October following a spectacular September, as 12,900 jobs are added to U.S. payrolls. FOR IMMEDIATE RELEASE Contact: Ted Lane tlane@footepartners.com Tel: 772-234-2787 FOOTE IT NEWS ANALYSIS Technology employment trends in the October 2014 Bureau of Labor Statistics U.S. Employment Report

More information

Foote Partners, LLC Foote Research Group Foote Partners LLC News Analysis April 4, 2014

Foote Partners, LLC Foote Research Group Foote Partners LLC News Analysis April 4, 2014 FOR IMMEDIATE RELEASE Contact: Ted Lane tlane@footepartners.com Tel: 772-234-2787 FOOTE IT NEWS ANALYSIS Technology employment trends in the March 2014 Bureau of Labor Statistics U.S. Employment Report

More information

Employment and Wage Trends 3 rd Quarter 2015 for the Healthcare Sector by Parish

Employment and Wage Trends 3 rd Quarter 2015 for the Healthcare Sector by Parish Healthcare Sector Profile for New Orleans RLMA The Labor Market information (LMI) division of Research and Statistics helps provide information on various sectors in the regional economy. Reports and tables

More information

A MONTHLY UPDATE OF THE FIFTH DISTRICT ECONOMY FEDERAL RESERVE BANK OF RICHMOND

A MONTHLY UPDATE OF THE FIFTH DISTRICT ECONOMY FEDERAL RESERVE BANK OF RICHMOND December 217 December Summary Reports on s economy were mostly positive in recent months as payroll employment rose and housing market indicators showed signs of improvement while household conditions

More information

Manpower Employment Outlook Survey

Manpower Employment Outlook Survey Q4 2014 Manpower Employment Outlook Survey Chris Layden Managing Director, Experis September 9, 2014 ManpowerGroup ManpowerGroup TM is the world leader in innovative workforce solutions. We leverage our

More information

August 2018 Labor Market Review Reported by: Cassie Janes

August 2018 Labor Market Review Reported by: Cassie Janes August 2018 Labor Market Review Reported by: Cassie Janes Regional Workforce Analyst Tel: 765-454-4760 Email Cassie cjanes@dwd.in.gov Economic Growth Region 4 Statistical Data Report for August 2018, Released

More information

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1 quarterly BOROUGH LABOR MARKET BRIEF Quarter 1 january-march 2017 INDUSTRIES, JOBS, EMPLOYMENT, AND DEMOGRAPHIC TRENDS NYC AND THE FIVE BOROUGHS: brooklyn, bronx, manhattan, queens, staten island Contents

More information

Area. Market. Average Establishments. Monroe Region. makes up. o 14.77% in Madison

Area. Market. Average Establishments. Monroe Region. makes up. o 14.77% in Madison Healthcare Sector Profile for the Monroe Region The Labor Market informationn (LMI) division of Research and Statistics helps provide information on various sectors in the regional economy. Reports and

More information

Maine s Economic Outlook: 2009 and Beyond

Maine s Economic Outlook: 2009 and Beyond Maine s Economic Outlook: 2009 and Beyond January 2009 James Breece, Ph.D. University of Maine System Outline 1. External Economic Drivers 2. Current Conditions 3. Economic Projections 4. Long-term Trends

More information

ON THE GLOBAL, REGIONAL & LOCAL ECONOMIC CLIMATE

ON THE GLOBAL, REGIONAL & LOCAL ECONOMIC CLIMATE ON THE GLOBAL, REGIONAL & LOCAL ECONOMIC CLIMATE ARC Regional Leadership Institute Roger Tutterow, Ph.D. Professor of Economics Mercer University Tutterow_RC@Mercer.edu Saint Simons Island, GA September

More information

Questions and Answers Florida Department of Economic Opportunity Employment and Unemployment Data Release July 2018 (Released August 17, 2018)

Questions and Answers Florida Department of Economic Opportunity Employment and Unemployment Data Release July 2018 (Released August 17, 2018) Questions and Answers Florida Department of Economic Opportunity Employment and Unemployment Data Release July 2018 (Released August 17, 2018) 1. What are the current Florida labor statistics and what

More information

Average monthly IT jobs growth in 2015 beating 2014 numbers by more than 2,000 new jobs per month

Average monthly IT jobs growth in 2015 beating 2014 numbers by more than 2,000 new jobs per month FOR IMMEDIATE RELEASE Contact: Ted Lane tlane@footepartners.com Tel: 772-234-2787 FOOTE IT NEWS ANALYSIS Technology employment trends in the February 2015 Bureau of Labor Statistics U.S. Employment Report

More information

Snohomish County Labor Area Summary April 2017

Snohomish County Labor Area Summary April 2017 Anneliese Vance-Sherman, Ph.D., Regional Labor Economist Washington State Workforce Information and Technology Services Division Phone: 425-258-6300 Mobile: 360-630-1232 Email: avancesherman@esd.wa.gov

More information

Q Manpower. Employment Outlook Survey India. A Manpower Research Report

Q Manpower. Employment Outlook Survey India. A Manpower Research Report Manpower Q1 2008 Employment Outlook Survey India A Manpower Research Report Manpower Employment Outlook Survey India 2 Manpower Employment Outlook Survey India Contents Q1/08 India Employment Outlook 1

More information

US SERVICES TRADE AND OFF-SHORING

US SERVICES TRADE AND OFF-SHORING US SERVICES TRADE AND OFF-SHORING Martin Neil Baily With the Assistance of Matt Johnson The Brookings Institution Presentation at Princeton s CEPS Symposium on Off-Shoring November 16-17, 2007 The Broader

More information

Estimated Economic Impacts of the Small Business Jobs and Tax Relief Act National Report

Estimated Economic Impacts of the Small Business Jobs and Tax Relief Act National Report Regional Economic Models, Inc. Estimated Economic Impacts of the Small Business Jobs and Tax Relief Act National Report Prepared by Frederick Treyz, CEO June 2012 The following is a summary of the Estimated

More information

Greater Richmond. Relocation Council. April 12, 2016

Greater Richmond. Relocation Council. April 12, 2016 Greater Richmond Relocation Council April 12, 2016 Economic Development Organizations State Virginia Economic Development Partnership Region Greater Richmond Partnership Local City of Richmond Dept. of

More information

August 2018 Labor Market Review Reported by: Cassie Janes

August 2018 Labor Market Review Reported by: Cassie Janes August 2018 Labor Market Review Reported by: Cassie Janes Regional Workforce Analyst Tel: 765-454-4760 Email Cassie cjanes@dwd.in.gov Economic Growth Region 8 Statistical Data Report for August 2018, Released

More information

Alexandria/Arlington Regional Workforce Council January 26,

Alexandria/Arlington Regional Workforce Council January 26, Alexandria/Arlington Regional Workforce Council January 26, 2017 Labor Market Intelligence What is LMI? The DC Metro labor market The Alexandria/Arlington Labor Market Current statistics What is LMI? Employment,

More information

Seasonal Hiring Leads to Lower April Jobless Rates for All Southwest Michigan Labor Markets

Seasonal Hiring Leads to Lower April Jobless Rates for All Southwest Michigan Labor Markets Bureau of Labor Market Information & Strategic Initiatives/Southwest Michigan 209 E. Washington Ave, Suite 100 Jackson MI 49201 Figure 1: Estimates of Labor Force, Employment, and Unemployment - Southwest

More information

QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET

QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET RESEARCH QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET The Information and Communications Technology Council 2017 Q2 i RESEARCH BY: THE INFORMATION AND COMMUNICATIONS TECHNOLOGY COUNCIL (ICTC) FUNDING

More information

Manpower Employment Outlook Survey Singapore

Manpower Employment Outlook Survey Singapore Manpower Employment Outlook Survey Singapore 2 2016 The Manpower Employment Outlook Survey for the second quarter 2016 was conducted by interviewing a representative sample of 693 employers in Singapore.

More information

Riverdale Farms Commercial Tracts - Warrior Drive Murfreesboro, TN

Riverdale Farms Commercial Tracts - Warrior Drive Murfreesboro, TN Riverdale Farms Commercial Tracts - Warrior Drive, TN Three Tracts Available 15.03 AC = $275,000 16.70 AC - $875,000 15.12 AC = $275,000 Contact: John Harney Cell: (615) 542-0715 Office: (615) 278-5029

More information

Foote Partners, LLC Foote Research Group Foote Partners LLC IT Jobs News Analysis May 10, 2016

Foote Partners, LLC Foote Research Group Foote Partners LLC IT Jobs News Analysis May 10, 2016 FOR IMMEDIATE RELEASE Contact: Ted Lane tlane@footepartners.com Tel: 772-234-2787 FOOTE IT NEWS ANALYSIS Technology employment trends in the April 2016 Bureau of Labor Statistics U.S. Employment Report

More information

Economic Impact of Hospitals and Health Systems in North Carolina. Stephanie McGarrah North Carolina Hospital Association August 2017

Economic Impact of Hospitals and Health Systems in North Carolina. Stephanie McGarrah North Carolina Hospital Association August 2017 Economic Impact of Hospitals and Health Systems in North Carolina Stephanie McGarrah North Carolina Hospital Association August 2017 Overview Health care industry in North Carolina Economic impact of North

More information

Q Manpower. Employment Outlook Survey New Zealand. A Manpower Research Report

Q Manpower. Employment Outlook Survey New Zealand. A Manpower Research Report Manpower Q4 6 Employment Outlook Survey New Zealand A Manpower Research Report Manpower Employment Outlook Survey New Zealand Contents Q4/6 New Zealand Employment Outlook 1 Regional Comparisons Sector

More information

QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET

QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET RESEARCH QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET The Information and Communications Technology Council 2016 Q4 i RESEARCH BY: THE INFORMATION AND COMMUNICATIONS TECHNOLOGY COUNCIL (ICTC) FUNDING

More information

November Jobless Rates Fell Seasonally in Regional Labor Markets

November Jobless Rates Fell Seasonally in Regional Labor Markets Bureau of Labor Market Information & Strategic Initiatives/Southwest Michigan 209 E. Washington Ave, Suite 100 MI 49201 MICHIGAN DEPT. OF TECHNOLOGY, MANAGEMENT & BUDGET/LABOR MARKET ANALYSIS - SOUTH CENTRAL

More information

Equipping California Investors for Tomorrow s Challenges

Equipping California Investors for Tomorrow s Challenges Equipping California Investors for Tomorrow s Challenges Headline Roundup Real estate news Law changes Foreclosures Builder news Realtor news Mortgage news Radio Show Leslie Appleton-Young, CAR Frank Nothalf,

More information

Houston added 118,700 net jobs during

Houston added 118,700 net jobs during A publication of the Greater Houston Partnership Volume 22, Number 4 April 2013 Catch Us If You Can The Houston metro area continues to set the pace for job growth in the nation, recording a 4.5 percent

More information

Employment Outlook: Kristina Bartsch James Franklin Council of Graduate Schools Graduate Education Research and Policy Forum March 21, 2012

Employment Outlook: Kristina Bartsch James Franklin Council of Graduate Schools Graduate Education Research and Policy Forum March 21, 2012 Employment Outlook: 2010-20 Kristina Bartsch James Franklin Council of Graduate Schools Graduate Education Research and Policy Forum March 21, 2012 Overview Background information Population and labor

More information

ManpowerGroup Employment Outlook Survey Singapore

ManpowerGroup Employment Outlook Survey Singapore ManpowerGroup Employment Outlook Survey Singapore 2 217 ManpowerGroup interviewed over 58, employers across 43 countries and territories to forecast labor market activity in Quarter 2 217. All participants

More information

Maine Job Vacancy Survey, 2009

Maine Job Vacancy Survey, 2009 Maine State Library Maine State Documents Center for Workforce Research and Information Documents Labor 3-1-2011 Maine Job Vacancy Survey, 2009 Maine Center for Workforce Research and Information Maine

More information

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1 quarterly BOROUGH LABOR MARKET BRIEF Quarter 1 january-march 2017 INDUSTRIES, JOBS, EMPLOYMENT, AND DEMOGRAPHIC TRENDS NYC AND THE FIVE BOROUGHS: brooklyn, bronx, manhattan, queens, staten island Contents

More information

See footnotes at end of table.

See footnotes at end of table. with from work, job transfer, or with All industries including state and local government 4 43.7 23.7 12.8 10.9 20.0 Private industry 4 32.8 18.7 9.9 8.8 14.1 Goods-producing 4 9.4 6.0 3.1 3.0 3.4 Natural

More information

2016 Pueblo Economic Outlook and Industry Analysis

2016 Pueblo Economic Outlook and Industry Analysis 2016 Pueblo Economic Outlook and Industry Analysis D R. M I K E WA K E F I E L D, P R O F E S S O R O F M A N A G E M E N T A N D H E A LY C E N T E R D I R E C T O R, C S U P U E B L O D R. B R U C E

More information

The Economic Impacts of Idaho s Nonprofit Organizations

The Economic Impacts of Idaho s Nonprofit Organizations 2016 REPORT www.idahononprofits.org The Economic Impacts of Idaho s Nonprofit Organizations RESEARCH REPORT Created by: Don Reading Ben Johnson Associates Boise, Idaho Steven Peterson Research Economist

More information

QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET RESEARCH. The Information and Communications Technology Council 2016 Q2

QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET RESEARCH. The Information and Communications Technology Council 2016 Q2 RESEARCH QUARTERLY MONITOR OF CANADA S ICT LABOUR MARKET The Information and Communications Technology Council 2016 i RESEARCH BY: THE INFORMATION AND COMMUNICATIONS TECHNOLOGY COUNCIL (ICTC) FUNDING PROVIDED

More information

Job Applications Rise Strongly with Posted Wages

Job Applications Rise Strongly with Posted Wages April 2018 Report 48 Job Applications Rise Strongly with Posted Wages This edition of DHI Hiring Indicators reports new evidence on wage posting behavior by employers and recruiters, and the relationship

More information

NORTH CAROLINA ECONOMIC DEVELOPMENT BOARD 2010 ANNUAL REPORT ON ECONOMIC DEVELOPMENT FOR THE STATE OF NORTH CAROLINA

NORTH CAROLINA ECONOMIC DEVELOPMENT BOARD 2010 ANNUAL REPORT ON ECONOMIC DEVELOPMENT FOR THE STATE OF NORTH CAROLINA NORTH CAROLINA ECONOMIC DEVELOPMENT BOARD 2010 ANNUAL REPORT ON ECONOMIC DEVELOPMENT FOR THE STATE OF NORTH CAROLINA The North Carolina Economic Development Board oversees state economic development research

More information

During the 4 Years: December, December, 1994 * TOTAL INDUSTRY JOBS LOST (30,800) -1.9%

During the 4 Years: December, December, 1994 * TOTAL INDUSTRY JOBS LOST (30,800) -1.9% During the 4 Years: December, 1990 - December, 1994 * APPAREL JOBS LOST: (49,100) -5.4% * TEXTILE PRODUCT JOBS GAINED: 20,900 10.4% * TEXTILE MILLS JOBS LOST: (2,600) -0.5% * TOTAL INDUSTRY JOBS LOST (30,800)

More information

CITY OF PROVIDENCE: ECONOMIC CLUSTER STRATEGY. Presentation to City Council Final Analysis November 18 th, 2015

CITY OF PROVIDENCE: ECONOMIC CLUSTER STRATEGY. Presentation to City Council Final Analysis November 18 th, 2015 CITY OF PROVIDENCE: ECONOMIC CLUSTER STRATEGY Presentation to City Council Final Analysis November 18 th, 2015 CONTENTS I. Goals and Preview II. III. IV. Economic Foundation Clusters and Actions Recommendations

More information

Georgia Power Community & Economic Development

Georgia Power Community & Economic Development Georgia Power Community & Economic Development Episode IV A New Hope A long time ago in a galaxy far, far away? Phantom Menace or real concern? Jobs In-migration Foreclosures Housing prices Permits Meter

More information

Kentucky Education and Workforce Development Cabinet releases April 2018 unemployment report

Kentucky Education and Workforce Development Cabinet releases April 2018 unemployment report Commonwealth of Kentucky Education & Workforce Development Cabinet Matthew G. Bevin, Governor Don Parkinson, Interim Secretary FOR IMMEDIATE RELEASE Contact: Chris Bollinger 859-257-9524 crboll@uky.edu

More information

Economic Trends and Florida s Competitive Position

Economic Trends and Florida s Competitive Position Economic Trends and Florida s Competitive Position presented to Florida Department of Economic Opportunity Small Business Forum presented by John Kaliski Cambridge Systematics, Inc. March 22, 2012 Presentation

More information

THE 2018 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY

THE 2018 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY THE 2018 CENTRAL FLORIDA EMPLOYMENT OUTLOOK SURVEY Goal of Survey The OrlandoJobs.com Central Florida Employment Outlook Survey is a trusted survey dedicated to understanding employment trends in the Orlando

More information

Economic Trends and Florida s Competitive Position

Economic Trends and Florida s Competitive Position Economic Trends and Florida s Competitive Position presented to Florida Department of Economic Opportunity Strategic Plan Regional Stakeholder Forum presented by John Kaliski Cambridge Systematics, Inc.

More information

Mark Stagen Founder/CEO Emerald Health Services

Mark Stagen Founder/CEO Emerald Health Services The Value Proposition of Nurse Staffing September 2011 Mark Stagen Founder/CEO Emerald Health Services Agenda Nurse Staffing Industry Update Improving revenue trends in healthcare staffing 100% Percentage

More information

Idaho s Nursing Workforce

Idaho s Nursing Workforce Idaho s Nursing Workforce June 3, 2015 Bob Uhlenkott - Chief Research Officer Idaho Department of Labor Workforce - #1 Challenge to Idaho s Economic Prosperity Page-2 Population Trends Page-3 Source: US

More information

quarterly BOROUGH LABOR MARKET BRIEF JANUARY 2017

quarterly BOROUGH LABOR MARKET BRIEF JANUARY 2017 quarterly BOROUGH LABOR MARKET BRIEF JANUARY 2017 INDUSTRIES, JOBS, EMPLOYMENT, AND DEMOGRAPHIC TRENDS NYC AND THE FIVE BOROUGHS: brooklyn, bronx, manhattan, queens, staten island Contents 1 NYC OVERVIEW

More information

29 June 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS. Non-mining states drive engineering activity in Q1 2018

29 June 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS. Non-mining states drive engineering activity in Q1 2018 29 June 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS The ABS latest estimates of engineering construction activity for the March quarter (Q1) of 2018, indicate there was more engineering construction work done

More information

Manpower Employment Outlook Survey India. A Manpower Research Report

Manpower Employment Outlook Survey India. A Manpower Research Report Manpower Q2 2009 Employment Outlook Survey India A Manpower Research Report 2 Manpower Employment Outlook Survey India Contents Q2/09 India Employment Outlook 1 Regional Comparisons Sector Comparisons

More information

Offshoring of Jobs from Suffolk County

Offshoring of Jobs from Suffolk County Offshoring of Jobs from Suffolk County Socioeconomic impact analysis Presented to: The Boston Redevelopment Authority 12.8.2004 By Alexandre Bartolin Nai Jia Lee Xin Li Moshahida Sultana Zhijun Tan 1 Agenda

More information

Economic Impact of the proposed The Medical University of South Carolina

Economic Impact of the proposed The Medical University of South Carolina Economic Impact of the proposed The Medical University of South Carolina Conducted by: Center for Business Research Charleston Metro Chamber of Commerce PO Box 975, Charleston SC 29402 April 2016 Background

More information

New Year brings positive news for the job market reveals the latest ManpowerGroup Employment Outlook Survey

New Year brings positive news for the job market reveals the latest ManpowerGroup Employment Outlook Survey Nidhi Gupta +91 124 679 5533 (Office) +91 989 9165 5464 (Mobile) Nidhi.gupta@manpowergroup.com Cynthia Gokhale +91 22 67868421 (Direct) Cynthia.gokhale@manpowergroup.com New Year brings positive news for

More information

ManpowerGroup Employment Outlook Survey India

ManpowerGroup Employment Outlook Survey India ManpowerGroup Employment Outlook Survey India 3 17 India Employment Outlook The ManpowerGroup Employment Outlook Survey for the third quarter 17 was conducted by interviewing a representative sample of

More information

Workforce Escarosa, Inc. Regional Workforce Board Overview

Workforce Escarosa, Inc. Regional Workforce Board Overview Workforce Escarosa, Inc. Regional Workforce Board Overview April 17, 2013 Why we are here 445.007(3) The Department of Economic Opportunity, under the direction of Workforce Florida, Inc., shall assign

More information

CLOSE HOLD. Deliberative Document For Discussion Purposes Only Do Not Release Under FOIA

CLOSE HOLD. Deliberative Document For Discussion Purposes Only Do Not Release Under FOIA DCN: 6337 CLOSE HOLD Material contained herein is sensitive. Release of data or analysis pertaining to evaluation of military Bases for closure or realignment is restricted until the Secretary of Defense

More information

December Jobless Rates Stable Throughout Southern Lower Michigan

December Jobless Rates Stable Throughout Southern Lower Michigan Bureau of Labor Market Information and Strategic Initiatives Southern Lower Michigan 201 N. Washington Sq., 5 th Floor Lansing MI 48913 Phone: 517-241-6574 Counties: Allegan, Berrien, Branch, Calhoun,

More information

Economic Growth and Diversification Plan

Economic Growth and Diversification Plan Economic Growth and Diversification Plan September 6, 2017 Prepared for: GO Northern Virginia Regional Council (Region 7) Prepared by: The George Mason University Center for Regional Analysis Contents

More information

LOCATION STRATEGY & INCENTIVES OVERVIEW

LOCATION STRATEGY & INCENTIVES OVERVIEW CBRE CONSULTING LOCATION STRATEGY & INCENTIVES OVERVIEW VEDA 2014 Fall Conference October 8, 2014 ABOUT CBRE CBRE is the world s premier full-service real estate services company. Operating globally, the

More information

New York Economic Outlook

New York Economic Outlook New York Economic Outlook Presented by: Marisa Di Natale, Senior Economist May 23, 2007 Chart 1: Northeast States Payroll Employment One-year vs. 3-month performance (3-mo. MA) Improving 2.0 Northeast

More information

Manpower Employment Outlook Survey Australia

Manpower Employment Outlook Survey Australia Manpower Employment Outlook Survey Australia 1 16 Australian Employment Outlook The Manpower Employment Outlook Survey for the first quarter 16 was conducted by interviewing a representative sample of

More information

Economic Impacts of Commercial Real Estate

Economic Impacts of Commercial Real Estate 2017 EDITION Economic Impacts of Commercial Real Estate Stephen S. Fuller, PhD Dwight Schar Faculty Chair and University Professor Director, Stephen S. Fuller Institute, Schar School of Policy and Government

More information

Annual Job Growth Projected to Approach 60,000 by 2017

Annual Job Growth Projected to Approach 60,000 by 2017 For Immediate Release May 1, 2015 Annual Job Growth Projected to Approach 60,000 by 2017 Carson City, NV Nevada s employment outlook continues to show positive signs for the state s mending economy, according

More information

Qualified Facility Income Tax Credit Program

Qualified Facility Income Tax Credit Program Qualified Facility Income Tax Credit Program Calendar Year 2013 Annual Report Prepared by the: Table of Contents Program Overview... 3 Reporting Requirements. 4 Calendar Year 2013 Business Activity 4 Comparison....

More information

September Jobless Rates Were Stable in Southwest Michigan Labor Markets

September Jobless Rates Were Stable in Southwest Michigan Labor Markets Southwest Michigan 201 N. Washington Sq., 5 th Floor Lansing MI 48913 Phone: 517-241-6574 Bureau of Labor Market Information and Strategic Initiatives (LMISI) Jobless s Were Stable in Southwest Michigan

More information

BUSINESS INCUBATION COMMUNITY READINESS ASSESSMENT Dalton-Whitfield County. October 17, 2012 Erin Rosintoski

BUSINESS INCUBATION COMMUNITY READINESS ASSESSMENT Dalton-Whitfield County. October 17, 2012 Erin Rosintoski BUSINESS INCUBATION COMMUNITY READINESS ASSESSMENT Dalton-Whitfield County October 17, 2012 Erin Rosintoski 1 Outline 1. Introduction & Process 2. Data Collection 3. Analysis 4. Recommendations 2 Incubation

More information

OVERVIEW Yellowstone County

OVERVIEW Yellowstone County LOCAL PERSPECTIVE OVERVIEW Yellowstone County economy is strong Corporate affecting local operations (Associated Foods, Hostess, Beall) Others adding employees and expanding County has opportunity to win

More information