How Vulnerable is My Region's Economy to COVID-19?

Chmura has created a COVID-19 Economic Vulnerability Index, developed by Dr. Chris Chmura and Dr. Xiaobing Shuai. The index gauges the negative impact the COVID-19 crisis can have on jobs in a region based upon the industries present in the area and their expected job losses. Accommodation and food services, for example, are projected to lose more jobs as a result of the coronavirus compared to utilities and healthcare.

Trade War and Chinese Currency Devaluation

Since President Trump took office, trade policy has been an essential component of his overall economic agenda, in addition to tax cuts and regulatory changes. After passing the tax cut legislation in 2017, the administration started implementing major changes to trade policies in 2018 with goals of reducing the U.S. trade deficit and generating jobs in America. For example, the administration re-negotiated the trade agreement with Mexico and Canada (USMCA Agreement) to replace the North American Free Trade Agreement (NAFTA).

Tax Season “Help-Wanted”

April 17, 2018 is the deadline for Americans to file their individual tax returns for 2017. With the passage of the Tax Cut and Jobs Act of 2017, there are significant changes in the federal individual income tax rates and deductions allowed. While those changes will mostly impact American taxpayers when they file tax returns in 2019, it is never too early to start understanding and planning for changes.

Introducing Chmura’s Economic Impact Model

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.

Are American Workers Becoming More Fickle?

With the millennial generation entering the labor force, there is much talk that this new generation of workers is more mobile and less loyal to their employers. Chmura’s analysis of the historic employee tenure data shows that is not the case. While national employee tenure did decrease in recent years, it is more likely driven by economic conditions such as improved labor market conditions after the great recession.