Student loan defaults in the United States have been a growing problem. After reaching a historic low of 4.5% in 2003, student loan default rates have been trending upward, rising to 10.0% for the 2011 cohort.
For jobs that typically don’t need a college degree, which are the most secure? Here we take a look at five popular ones (see chart below). Each of these are “secure” in the sense that they are jobs with very low unemployment rates. In addition, each of these jobs typically do not require a college award, plus they usually don’t require extensive training.
- Job Growth
For many years, the Bureau of Labor Statistics (BLS) used replacement rates to measure occupational demand due to individuals leaving their occupation. When the BLS switched from replacement rates to separation rates, it was quite a shock for many of us. On average, these rates measuring this type of labor demand more than quadrupled!
The North American Industry Classification System (NAICS), used to classify businesses for statistical economic data, is typically updated every five years to reflect the changing economy. There were relatively few changes for the set of new codes just released for use with 2017 data. However, there certainly were some interesting as well as notable changes.
- Chmura Economics
Chmura’s economic impact model is an integral component of its proprietary JobsEQ technology platform. It gives practitioners in economic development, workforce development, education, and other areas a tool to evaluate the economic impact of a potential project such as a business expansion or relocation. It allows for a seamless transition from JobsEQ’s industry and occupation data to economic impact analysis, thus ensuring data integrity and consistency.