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Preparing the Workforce for Tomorrow
By Jim Damicis
Over the past ten years in my work for regions and localities on economic development and targeted industry strategies, I have had the opportunity to interview more than 1,000 company leaders. One theme has consistently emerged: regardless of the sector, geography, or size of the companies, the top issue is workforce.
Click here to read Jim's article. |
 Top 20 Industries Most Affected by Hurricane Katrina
By Christa Franzi
While we watch and do what we can to support another region begin the long road to recovery from Hurricane Sandy, the economist in me is wondering: Which industries suffer the most and which bounce back the quickest from natural disasters? While it is much too early to fully understand the economic implications of Sandy, I used EMSI to take a quick look at the Orleans County, LA economy before and after Hurricane Katrina.
Click here to see what I learned.
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EMSI's Take on the Emerging Professional, Scientific, and Technical Sector
Economic Modeling Specialists Intl. (EMSI) recently had a great blog post about the growing role of STEM occupations in the U.S. economy including a brief analysis of the industry sectors and occupations driving this industry. Here are the highlights:
- The professional, scientific, and technical industry sector makes up only 6% of the U.S. workforce; however, it was responsible for 10% of national job growth from 2010 to 2012.
- Software developers and computer system analysts are key jobs in this industry sector, adding 89,000 and 71,000 jobs in the U.S. respectively.
- The jobs tend to be concentrated in specific areas. Maryland and Virginia have the highest concentrations of the professional, scientific, and technical industry sector while North Dakota grew the fastest in the past two years.
- Occupations in this industry sector are dominated by a workforce that has attained a 4-year degree.
You can check out EMSI's full article, complete with maps and data tables, here.
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Featured Indicator: Private Sector R&D
By: Christa Franzi
With over $10.6 billion of private sector research and development (R&D) performed in 2009 and 4.98% of its gross state product (GSP) attributable to private sector R&D, Connecticut ranks first on this indicator. The State of Washington ranks second with 4.96%, Massachusetts is third with 4.0%, New Jersey ranks fourth with 3.91%, and California rounds out the top five with 3.55%.
Why is this significant? Click here to read more and get the data!
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