In the News « EMSI | Economic Modeling Specialists Inc.

Archive for the ‘In the News’ Category

The Latest Data on Hard-to-fill Occupations

A recent article published by the Community College Times chronicles how, despite the weak labor market, there are many high-skill occupations that employers are having difficulty filling with properly trained workers. These include jobs inside the health care, energy, and engineering fields. It’s become especially hard to find accountants, health care workers, software sales representatives, [...]

Oct. 16, 2009 | Posted by Joshua Wright

New Models for Workforce and Economic Development

EMSI has had the privilege of working with Ed Morrison of the Purdue Center for Regional Development on a number of projects, the latest a comprehensive workforce competency study for the Regional Workforce Alliance of Southeastern Wisconsin. The finishing touches have been put on the major project, and you can find more about the ground-breaking [...]

Oct. 15, 2009 | Posted by Joshua Wright

In-Demand Occupations in America’s Biggest Cities

We thought it would be interesting to show the most in-demand occupations over the last week in the three biggest U.S. cities — New York City, Chicago, and Los Angeles. These are the most up-to-date listings available via Indeed.com. EMSI has translated them over to SOC codes to give planners and decision-makers a good sense [...]

Oct. 14, 2009 | Posted by Joshua Wright

O*NET Updates Taxonomy to Reflect New and Emerging Occupations

This month O*NET, or the Occupational Information Network, has revamped its O*NET-SOC 2009 taxonomy to include 153 additional new and emerging occupations. These are within 17 industry clusters that O*NET identified as being “in-demand.” You can read more about the update here, or check out this recent post on the subject. Many of these new [...]

Oct. 13, 2009 | Posted by Joshua Wright

Boosting the Output of Community College Grads

Davis Jenkins and Thomas Bailey, both from the Community College Research Center housed at Columbia University, focus in this Inside Higher Ed article on how community colleges need to improve to meet President Obama’s goal for five million more two-year graduates by 2020. Instead of just worrying about increased enrollment, the authors say retention and [...]

Oct. 13, 2009 | Posted by Joshua Wright

Connecting Education to Economic Development via Career Pathways

The National Career Pathways Network and Institute for a Competitive Workforce, affiliated with the U.S. Chamber of Commerce, have released a new report that details successful career pathways models across the country. The biggest successes, the report points out, come from areas where employers, education providers, and community organizations form productive partnerships. At a time [...]

Oct. 12, 2009 | Posted by Joshua Wright

Evaluating Programs? Start with Labor Market Data

More and more, and certainly in light of the current recession, there is a need to apply up-to-date information on local, state, regional, and even national economies to training, curriculum, and skills development. So, in this brief paper we want to show how labor market information (or information on industries, occupations, and demographics) can be [...]

Oct. 7, 2009 | Posted by Joshua Wright

Perkins Grant Portal Helps ADHE Cut Down on Time, Reporting Errors

Monieca West is the Coordinator of Federal Programs at the Arkansas Department of Higher Education. She wrote the following piece to describe the Perkins Grant Portal that EMSI developed for ADHE. West says the Portal has received “nothing but praise” from local coordinators on how it’s streamlined the reporting process for the Perkins CTE program. [...]

Oct. 7, 2009 | Posted by Joshua Wright

EMSI Data Helps Wisconsin City Retain Largest Employer, Add Jobs

When a major Wisconsin manufacturer considered relocating to Oklahoma, local and state economic development professionals put on a full-court press to convince the company to stay. The results were overwhelmingly positive, offering a vibrant example of a successful business retention effort. PDF of the case study: Mercury Marine retention effort Nearly 1,900 Fond du Lac [...]

Oct. 3, 2009 | Posted by Joshua Wright

O*NET Highlights Widespread Use of its Data Program

A new report from the National Center of O*NET Development chronicles how O*NET data has been used successfully by government agencies, educational institutions, and other organizations throughout the country and internationally. Several of the organizations highlighted are EMSI clients or partners, including the Newton (IA) Transformation Council, the WIB of Southwest Missouri, and Tennessee Valley [...]

Oct. 1, 2009 | Posted by Joshua Wright

New Model Links Decrease in Dropouts to Uptick in Homeowners, Wages

Over the past several months EMSI has partnered with the Alliance for Excellent Education in developing a model that measures the economic benefits of decreased high school dropout rates. The model was unveiled recently by the Alliance (see the press release here) and highlighted by The Detroit News as a way to help solve Detroit’s [...]

Sep. 28, 2009 | Posted by Joshua Wright

Virginia CC System Staying Demand-Driven While Enrollment Rises

Here’s a very informative, in-depth look at community colleges in Virginia and their work with local businesses and data providers like EMSI to come up with programs that make sense for their regions. The article comes from Heather B. Hayes of Virginiabusiness.com. Based on information from the first week of classes, the Virginia Community College [...]

Sep. 28, 2009 | Posted by Joshua Wright

Energy Department to award $100M for smart grid workforce training

U.S. Energy Secretary Steven Chu has announced $144 million in (ARRA) awards for the electric power sector. This includes $44 million for “state and public utility commissions” and $100 million for “smart grid workforce training programs.” The workforce training program dollars are aimed at supporting “the development of training programs at utilities, colleges, universities, and [...]

Sep. 23, 2009 | Posted by Joshua Wright

Georgia Work Ready Program Uses EMSI for Data, Skill-Matching

Client Snapshot: Governor’s Office of Workforce Development, Atlanta, GA Cultivating a robust regional workforce for Georgia’s fastest-growing industries is the crux of the Work Ready Regions program developed by the Governor’s Office of Workforce Development. The initiative identifies the needs of businesses in regions of all sizes throughout Georgia and seeks to match those employers [...]

Sep. 18, 2009 | Posted by Joshua Wright

The U.S. Labor Force Over Time

Here’s a neat data visualization chart that shows a stacked time series of occupations and their percentage of the U.S. labor force since 1850. Some of the occupation titles are out of date, but it’s worth checking out. One of the cooler occupations to examine is Farmers — which has gone from 44.7 percent of [...]

Sep. 17, 2009 | Posted by Joshua Wright

The Importance of Ripple Effects

Here is an article by Time Magazine that does a great job illustrating the “ripple effect” concept. The article points out how even one job loss in a well-established industry such as manufacturing can quickly lead to additional losses in local purchases (restaurants), tax revenue (government), and savings. “In an unhealthy economy, a single lost [...]

Sep. 14, 2009 | Posted by Joshua Wright

EMSI Data: A Helpful Starting Point at Ohio Job Fairs

Community colleges, workforce boards, and economic developers in north central Ohio have been working nonstop to create programs, provide assistance, and produce information that would be helpful to unemployed workers searching for new jobs. As part of their efforts they have taken part in job fairs to share information about new regional programs and data [...]

Sep. 10, 2009 | Posted by Joshua Wright

Data Spotlight: Using Shift Share for Regional Analysis

To understand regional economic trends it is important to have the right data, and to contextualize the data so you can “see the story” the data is telling. While many can get the data, few can get at the story. A relatively straightforward way to get at “the story” for a region is through shift [...]

Sep. 9, 2009 | Posted by Joshua Wright

Metro Areas Still Seeing Spike in Unemployment

Earlier this week the BLS released its report on metro area unemployment, and the numbers weren’t terribly encouraging. Every one of the 372 MSAs included had higher unemployment rates than the year before. What’s more, there are 19 metro areas with at least 15% unemployment, led by El Centro, Calif., at 30.2%. The encouraging news? [...]

Sep. 2, 2009 | Posted by Joshua Wright

Baby Boomers Driving New Business Creation

Baby boomers, the segment of America’s population between ages 55-64, are showing the highest rate of business formation, according to Kauffman Foundation CEO Carl Schramm. Check out Schramm’s thoughts on these late-to-blossom entrepreneurs in the CNBC video below. Also check out this Q&A with Schramm about the silver lining of recessions.

Aug. 31, 2009 | Posted by Joshua Wright

Econ Bloggers Share Their Insights

As The Wall Street Journal pointed out last month, economics blogs have seen a rapid rise in popularity with the current economic conditions being so volatile. Some of the top econ bloggers featured by the WSJ convened recently at the behest of the Kauffman Foundation. Below is a video highlighting the bloggers’ forum.

Aug. 27, 2009 | Posted by Joshua Wright

Missionary versus Mercenary Entrepreneurs

This video posted at the Kauffman Foundation Growthology web site gives an insightful description of the difference between so-called “missionary” entrepreneurs and mercenaries. The short lesson is given by John Doerr of Kleiner Perkins, who dishes out several good nuggets of information during this brief clip: “An entrepreneur does more than anyone thinks possible with [...]

Aug. 20, 2009 | Posted by Joshua Wright

Boom Times for Continuing Education

The New York Times has published a special section devoted to continuing education, with a range of articles on sustainability training to white-collar workers heading back in droves to community colleges. You can check out the section here. Here’s an excerpt from the lead article on choosing the right program, including a bit about the [...]

Aug. 20, 2009 | Posted by Joshua Wright

EMSI on the Inc. 500

Inc. Magazine has named Economic Modeling Specialists Inc. (EMSI) to its list of the 500 fastest-growing private companies in America, a first-time distinction for the economics firm. EMSI, the only Idaho-based company on the list, climbed into the top 500 (at No. 409) after two consecutive years of being recognized on the Inc. 5,000 list. [...]

Aug. 18, 2009 | Posted by Joshua Wright

Wisconsin Community Looks to Reverse Aging Population Trend

Wausau, Wisconsin, is in the midst of what local leaders hope is a shift from watching young people leave the community to attracting them with new cultural amenities. One part of Wausau’s economic development plan has been analyzing demographic figures from EMSI to determine the projected growth or decline of key age cohorts for the [...]

Aug. 13, 2009 | Posted by Joshua Wright

A Look at July Employment Numbers

The Bureau of Labor Statistics released its July Employment Situation (found here) — and, as noted by Felix Salmon here the employment numbers and unemployment percentages went down. His take: “My feeling is that it’s far too early to say that unemployment has stopped rising, and that clearly nobody believes employment has stopped falling. We’re [...]

Aug. 7, 2009 | Posted by Joshua Wright

Data Spotlight: Measuring a Region’s Health via Pull Factor

Here is a handy economic development metric. It’s called “pull factor,” and it indicates how well (or poorly) a retail business community captures local trade and pulls in customers from outside its region. A pull factor above 1.00 means a region is bringing more shoppers into the area while a pull factor below 1.00 indicates [...]

Aug. 4, 2009 | Posted by Joshua Wright

The Demographics of Entrepreneurs

The Kauffman Foundation’s recent study, “The Anatomy of Entrepreneurs,” offers some interesting insights into the backgrounds and make-up of entrepreneurs. One of the major conclusions is that most entrepreneurs are middle-class and well-educated. “The commonly held belief that entrepreneurs are young college students working out of their dorms is simply wrong,” says author [Vivek] Wadhwa, [...]

Aug. 3, 2009 | Posted by Joshua Wright

Five States That Will Drive the U.S. Recovery

Which parts of the United States will recover most rapidly from the drawn-out recession? Moody’s Economy.com has released a study that estimates the strongest future job growth will come in Colorado, Texas and three Northwest states: Washington, Idaho, and Oregon. In the case of the northwestern states, the reason they got picked is because of [...]

Jul. 23, 2009 | Posted by Joshua Wright

Case Study: S. Carolina College Highlights Major Impact of its Business Development Center

As the current recession continues, business incubators and accelerators have become increasingly important in helping communities and regions stabilize and even strengthen their economies. A textbook example comes from Spartanburg Community College in South Carolina, where a new accelerator has already had a major effect on its area.  For a PDF of the case study [...]

Jul. 22, 2009 | Posted by Joshua Wright