Industry mobility indicates the potential ease of switching industries based on an occupation’s employment share across industries. A mobile occupation is one in which workers can move from one industry to another with relative ease. This is important in designing training programs with skills needed across multiple industries as well as in the event of industry decline or a dislocation event. For example, almost 80% of electricians are employed in the construction sector. A downturn in construction is therefore likely to be a challenge for electricians because they may not be able to find a new job in another industry since such a large majority of employment opportunities for electricians are concentrated in the construction sector.
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.
Although cost-of-living is important in estimating expenses for potential new locations for a firm expansion, and though cost-of-living is generally related with payroll costs, it is not a safe substitute for a full payroll analysis.
What can a jack-o’-lantern tell you about your state’s labor market? Chernoff faces are designed to display multiple variables as facial expressions, but in honor of Halloween we’ve created Chernoff jack-o’-lanterns.
For programs less than two years in length, more students have been opting for awards that take less than a year to complete. The NCES tracks two levels of awards lower than an associate’s degree: (1) certificates less than one year and (2) certificates more than one year but less than two years. From 2012 to 2016, completions for certificates between one and two years in length declined 12.6% while completions for certificates less than one year in length expanded 4.9%.