This document provides an economic analysis and outlook for the Washington D.C. metropolitan area. It summarizes recent economic performance and trends in key sectors such as federal government employment, professional services, education and health services, and discusses the impacts of federal spending cuts. The analysis finds that while federal employment and spending declines have impacted the region, private sector job growth has offset much of the losses. The outlook predicts continued moderate economic growth for the region from 2013 to 2018, outpacing national growth rates.
Dr. Stephen J. Fuller of George Mason University's Center for Regional Analysis gave a presentation to the Democratic Business Council of Northern Virginia (DemBiz.org) on April 18, 2014. These are the updated slides from the presentation.
Construction activity is shifting nationwide as manufacturing and retail companies make efforts to modernize, create more just-in-time shipping locations and link operations digitally.
Five up and coming real estate markets for 2016JLL
Demand for office space is rising in five up and coming real estate markets, where costs are affordable and talent is strong. See more at http://bit.ly/1RJlmOU
Global economic struggles are dampening the US construction recovery. Low growth abroad has reduced investment and consumer spending domestically. While US GDP growth remains steady, construction lags the broader economy and may slow in response to global issues like low commodity prices and China's economic decline. Rising costs also challenge builders as wages and materials prices increase. First quarter construction starts declined from 2015 levels, and some sectors like office have seen significant drops, indicating activity is beginning to flatten due to cautious spending globally. Infrastructure remains a bright spot with increased transportation spending.
The document provides an analysis of the Q4 2019 industrial real estate market in St. Louis. It finds that employment in the industrial sector grew 2.4% year-over-year, driven by growth in the construction sector. Absorption topped 4 million square feet for the fourth straight year thanks largely to expansions by World Wide Technology. Vacancy rates rose above 5% as several new speculative buildings delivered vacant space to the market. Leasing activity continued to be dominated by smaller tenants under 100,000 square feet.
Who is Benefiting the Most From Atlanta's Recent Employment Surge?ARCResearch
The document summarizes employment trends in the Atlanta region from 2000-2013. It finds that while overall employment has increased since the Great Recession, it remains below pre-recession levels. Certain sectors like transportation and healthcare have added jobs, while manufacturing, construction and retail have lost jobs. Employment increased among black, Asian, and Hispanic workers but declined among whites, reflecting broader demographic trends.
U.S. Automatic Environmental Control For Residential, Commercial, And Applian...IndexBox Marketing
This document provides a sample report on the U.S. market for automatic environmental control systems for residential, commercial, and appliance use. It includes historical data from 2008-2015 on market value, production, imports, exports, and prices. It also forecasts growth through 2020 and analyzes industry trends, domestic production by state, trade balances, competitive landscape, and company profiles. The report contains tables, figures, and sections covering market overview, trade, production, imports, exports, and industry structure.
Dr. Stephen J. Fuller of George Mason University's Center for Regional Analysis gave a presentation to the Democratic Business Council of Northern Virginia (DemBiz.org) on April 18, 2014. These are the updated slides from the presentation.
Construction activity is shifting nationwide as manufacturing and retail companies make efforts to modernize, create more just-in-time shipping locations and link operations digitally.
Five up and coming real estate markets for 2016JLL
Demand for office space is rising in five up and coming real estate markets, where costs are affordable and talent is strong. See more at http://bit.ly/1RJlmOU
Global economic struggles are dampening the US construction recovery. Low growth abroad has reduced investment and consumer spending domestically. While US GDP growth remains steady, construction lags the broader economy and may slow in response to global issues like low commodity prices and China's economic decline. Rising costs also challenge builders as wages and materials prices increase. First quarter construction starts declined from 2015 levels, and some sectors like office have seen significant drops, indicating activity is beginning to flatten due to cautious spending globally. Infrastructure remains a bright spot with increased transportation spending.
The document provides an analysis of the Q4 2019 industrial real estate market in St. Louis. It finds that employment in the industrial sector grew 2.4% year-over-year, driven by growth in the construction sector. Absorption topped 4 million square feet for the fourth straight year thanks largely to expansions by World Wide Technology. Vacancy rates rose above 5% as several new speculative buildings delivered vacant space to the market. Leasing activity continued to be dominated by smaller tenants under 100,000 square feet.
Who is Benefiting the Most From Atlanta's Recent Employment Surge?ARCResearch
The document summarizes employment trends in the Atlanta region from 2000-2013. It finds that while overall employment has increased since the Great Recession, it remains below pre-recession levels. Certain sectors like transportation and healthcare have added jobs, while manufacturing, construction and retail have lost jobs. Employment increased among black, Asian, and Hispanic workers but declined among whites, reflecting broader demographic trends.
U.S. Automatic Environmental Control For Residential, Commercial, And Applian...IndexBox Marketing
This document provides a sample report on the U.S. market for automatic environmental control systems for residential, commercial, and appliance use. It includes historical data from 2008-2015 on market value, production, imports, exports, and prices. It also forecasts growth through 2020 and analyzes industry trends, domestic production by state, trade balances, competitive landscape, and company profiles. The report contains tables, figures, and sections covering market overview, trade, production, imports, exports, and industry structure.
Construction starts were up in 2014, driven largely by the office and industrial sectors in energy-producing markets, as well as traditional office markets like New York. Even as demand explodes, though, the cost to build is higher than ever thanks to the continued increase in labor and materials costs.
Demand for large retail space has declined as more consumers shop online. Much of the growth in the industrial sector, in fact, is to meet growing demand for shipping and warehousing space.
The Construction Backlog Index is high, indicating that 2015 will be a big year for construction. Industry unemployment rates remain high, so there is large potential employment pool to meet demand. In addition, we expect materials costs to drop.
Due to dropping oil prices, one sector that may see a construction decline in 2015 is energy. This will greatly impact Houston in particular, as it was a hub of construction activity last year.
U.S. unemployment rate data and trends: February 2014JLL
U.S. economy added 175,000 jobs in February, representing below-average growth but exceeding some expectations. The unemployment rate increased 10 basis points to 6.7 percent, causing some to blame this winter’s frigid weather on halted growth. Unemployment for high school and college graduates remains lower, and labor force participation among this key demographic is up, though still suppressed. Total unemployment remains above historic norms at 12.6 percent.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
JLL’s Office Skyline focuses on the top tier of the office market, looking at some of the most iconic and highest-rent properties within CBDs and urban cores. Take a look at these five 2016 U.S. office market trends.
Latest Economic Trends - ARC's The QuarterARCResearch
The document discusses an economic report from the Atlanta Regional Commission that examines leading economic indicators for the Atlanta region from a non-economic perspective. It compares Atlanta's economy to other metropolitan areas and looks at economic data for counties in the region. While not a comprehensive economic analysis, the report provides a general sense of the direction of the regional economy.
Minneapolis–St. Paul Employment Update | September 2016Carolyn Bates
Minneapolis-St. Paul has the second-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Financial services has reached its largest-ever employment count in MSP. The sector has seen steady gains since 2010 and even surpassed pre-Recession highs earlier this year. And once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Nearly 6,000 jobs have been added in the industry year-over-year.
Nationwide, 151,000 net new jobs were created in August, falling below the 250,000+ monthly additions over the previous two months. Although still at average levels of growth, August demonstrated the continued volatility of the labor market in 2016. Unemployment remained stable at 4.9 percent as growth in the workforce has aligned with employment gains. The Federal Reserve is likely to hold off on the next rate hike due to inconsistent monthly additions and weaker-than-expected wage growth.
The document summarizes economic trends in Atlanta and nationally. It finds that while recovery from the recession continues, with GDP and employment increasing, progress has been slow. Job growth has primarily occurred in lower-wage sectors, holding down wage growth. Unemployment rates remain higher for minorities and less educated groups. However, leading indicators like increasing job postings in high-tech fields, rising patent activity, and forecasts predict potential growth in higher-wage sectors going forward.
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
The document summarizes North American office market indicators for Q3 2014. Vacancy rates declined slightly in both the US and Canada while absorption increased. Job growth drove office demand in both countries, leading to a broadening economic recovery. Office-using employment increased more than total employment, with growth seen across more industry sectors and geographic regions. Transaction volume was also up, reflecting continued strong investor demand.
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
This document summarizes a presentation about the state of Australia's fast growing outer suburbs (FGOS). It notes that FGOS now account for 11.3% of Australia's GDP and their economies and populations are growing rapidly. However, FGOS still lag behind major cities in measures like the percentage of high-skilled jobs and residents with university degrees. The presentation argues that further investment is needed in FGOS to support skills development, build up local industry clusters, expand cultural and research institutions, and improve infrastructure in order to maximize their economic potential and productivity.
Atlanta Real Estate Market Trends For August 2013Arthur Prescott
Atlanta Real Estate Market Trends For August 2013. View the latest real estate inventory, sales and market stats as presented courtesy of Prudential Georgia Realty
The document summarizes labor market trends in Virginia and the Roanoke Valley region from 1999-2014. It finds that while Virginia has experienced a labor shortage, real wages have remained stagnant. The Roanoke Valley specifically has seen real wages fall over time and lag behind the rest of Virginia. Current data shows labor shortages in both Virginia and the Roanoke Valley, which may put upward pressure on wages going forward. The document also projects growing employment in various occupations in the Roanoke region by 2020.
Construction costs continue to grow nationwide, and many landlords are looking to redevelop existing stock in major markets.
Tenant improvements (TIs) are also gaining momentum, and office landlords are competing for by offering more attractive TI packages. These offerings allow tenants to customize interiors without paying for a full redesign out of pocket, and are a key piece of lease negotiations. The average TI allowance nationwide is $30.00 per square foot, and just over $50.00 per square foot in CBDs.
World: Electronic Calculators And Pocket-Size Data Recording, Reproducing And...IndexBox Marketing
IndexBox has just published its report: "World: Electronic Calculators And Pocket-Size Data Recording, Reproducing And Displaying Machines With Calculating Functions - Market Report. Analysis and Forecast to 2025". This report has been designed to provide a detailed analysis of the global calculator market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
This document discusses micropayments, which are small online payments, usually less than $20. It defines micropayments and provides examples like buying songs on iTunes. The document outlines the history of micropayment systems in the 1990s and 2000s and companies that developed early systems. It also discusses current micropayment providers like PayPal and types of micropayment systems including social/donation models and mobile carrier-based systems. Advantages and disadvantages of micropayments are mentioned along with the promising future of micropayment systems.
Construction starts were up in 2014, driven largely by the office and industrial sectors in energy-producing markets, as well as traditional office markets like New York. Even as demand explodes, though, the cost to build is higher than ever thanks to the continued increase in labor and materials costs.
Demand for large retail space has declined as more consumers shop online. Much of the growth in the industrial sector, in fact, is to meet growing demand for shipping and warehousing space.
The Construction Backlog Index is high, indicating that 2015 will be a big year for construction. Industry unemployment rates remain high, so there is large potential employment pool to meet demand. In addition, we expect materials costs to drop.
Due to dropping oil prices, one sector that may see a construction decline in 2015 is energy. This will greatly impact Houston in particular, as it was a hub of construction activity last year.
U.S. unemployment rate data and trends: February 2014JLL
U.S. economy added 175,000 jobs in February, representing below-average growth but exceeding some expectations. The unemployment rate increased 10 basis points to 6.7 percent, causing some to blame this winter’s frigid weather on halted growth. Unemployment for high school and college graduates remains lower, and labor force participation among this key demographic is up, though still suppressed. Total unemployment remains above historic norms at 12.6 percent.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
JLL’s Office Skyline focuses on the top tier of the office market, looking at some of the most iconic and highest-rent properties within CBDs and urban cores. Take a look at these five 2016 U.S. office market trends.
Latest Economic Trends - ARC's The QuarterARCResearch
The document discusses an economic report from the Atlanta Regional Commission that examines leading economic indicators for the Atlanta region from a non-economic perspective. It compares Atlanta's economy to other metropolitan areas and looks at economic data for counties in the region. While not a comprehensive economic analysis, the report provides a general sense of the direction of the regional economy.
Minneapolis–St. Paul Employment Update | September 2016Carolyn Bates
Minneapolis-St. Paul has the second-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Financial services has reached its largest-ever employment count in MSP. The sector has seen steady gains since 2010 and even surpassed pre-Recession highs earlier this year. And once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Nearly 6,000 jobs have been added in the industry year-over-year.
Nationwide, 151,000 net new jobs were created in August, falling below the 250,000+ monthly additions over the previous two months. Although still at average levels of growth, August demonstrated the continued volatility of the labor market in 2016. Unemployment remained stable at 4.9 percent as growth in the workforce has aligned with employment gains. The Federal Reserve is likely to hold off on the next rate hike due to inconsistent monthly additions and weaker-than-expected wage growth.
The document summarizes economic trends in Atlanta and nationally. It finds that while recovery from the recession continues, with GDP and employment increasing, progress has been slow. Job growth has primarily occurred in lower-wage sectors, holding down wage growth. Unemployment rates remain higher for minorities and less educated groups. However, leading indicators like increasing job postings in high-tech fields, rising patent activity, and forecasts predict potential growth in higher-wage sectors going forward.
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
The document summarizes North American office market indicators for Q3 2014. Vacancy rates declined slightly in both the US and Canada while absorption increased. Job growth drove office demand in both countries, leading to a broadening economic recovery. Office-using employment increased more than total employment, with growth seen across more industry sectors and geographic regions. Transaction volume was also up, reflecting continued strong investor demand.
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
This document summarizes a presentation about the state of Australia's fast growing outer suburbs (FGOS). It notes that FGOS now account for 11.3% of Australia's GDP and their economies and populations are growing rapidly. However, FGOS still lag behind major cities in measures like the percentage of high-skilled jobs and residents with university degrees. The presentation argues that further investment is needed in FGOS to support skills development, build up local industry clusters, expand cultural and research institutions, and improve infrastructure in order to maximize their economic potential and productivity.
Atlanta Real Estate Market Trends For August 2013Arthur Prescott
Atlanta Real Estate Market Trends For August 2013. View the latest real estate inventory, sales and market stats as presented courtesy of Prudential Georgia Realty
The document summarizes labor market trends in Virginia and the Roanoke Valley region from 1999-2014. It finds that while Virginia has experienced a labor shortage, real wages have remained stagnant. The Roanoke Valley specifically has seen real wages fall over time and lag behind the rest of Virginia. Current data shows labor shortages in both Virginia and the Roanoke Valley, which may put upward pressure on wages going forward. The document also projects growing employment in various occupations in the Roanoke region by 2020.
Construction costs continue to grow nationwide, and many landlords are looking to redevelop existing stock in major markets.
Tenant improvements (TIs) are also gaining momentum, and office landlords are competing for by offering more attractive TI packages. These offerings allow tenants to customize interiors without paying for a full redesign out of pocket, and are a key piece of lease negotiations. The average TI allowance nationwide is $30.00 per square foot, and just over $50.00 per square foot in CBDs.
World: Electronic Calculators And Pocket-Size Data Recording, Reproducing And...IndexBox Marketing
IndexBox has just published its report: "World: Electronic Calculators And Pocket-Size Data Recording, Reproducing And Displaying Machines With Calculating Functions - Market Report. Analysis and Forecast to 2025". This report has been designed to provide a detailed analysis of the global calculator market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
This document discusses micropayments, which are small online payments, usually less than $20. It defines micropayments and provides examples like buying songs on iTunes. The document outlines the history of micropayment systems in the 1990s and 2000s and companies that developed early systems. It also discusses current micropayment providers like PayPal and types of micropayment systems including social/donation models and mobile carrier-based systems. Advantages and disadvantages of micropayments are mentioned along with the promising future of micropayment systems.
E.Raviteja's curriculum vitae provides information about his education and technical skills. He has a B-Tech in IT from Trinity College of Engineering & Technology with 71.64% marks. His technical skills include Apex, Java, Salesforce tools, and he has knowledge of Salesforce components like triggers, workflows and visualforce. He completed a project on providing efficient audit services for data integrity in clouds using .NET technology. Personal details include his name, date of birth, languages known and current address.
(Pages 46-54)
Armenian Theory of Asymmetric Relativity
In this current article we are analyzing in detail, T-symmetry (time reversal transformation) and P-symmetry (spatial inverse transformations) phenomenons in Armenian Theory of Relativity in one dimensional physical space. For that purpose we are referring and using our previous articles results, especially in the case of research mirror reflection phenomena (spatial inversion) where we are mostly referring to our main research article, published in Armenia on June 2013 (96 pages).
We are delighted to know that Armenian Theory of Relativity has passed the first phase of total ridicule and now is in the phase of active discussion in scientific communities across the world. This article can be considered as an answer to the physicists who criticize the Armenian Theory of Relativity by saying that the Armenian relativistic transformations and formulas are not an invariant under time-reversal transformation and therefore Armenian Theory of Relativity is wrong.
In the first section of our article we are showing that in the case of time-reversal, Armenian Theory of Relativity is in full agreement with legacy physics and therefore our opponents criticisms in that matter are baseless.
In the case of spatial inversion (in our case mirror reflection) Armenian Theory of Special Relativity does not contradict in quality with legacy physics, but gives a more detailed and fine description of that phenomena, which in the macro-world is mostly unobservable but plays a very significant role in the micro-world.
Our received results can explain many parity irregularities in elementary particle physics, especially the violation parity process in weak interactions.
Purple Goddess Design was created by Alicia Lutz based on her love of knitting and working with color. She was encouraged by friends to start her own yarn business, which has found success with nearly 1,400 Etsy sales since 2008. Participating in her first craft show inspired Alicia to expand. She is now seeking funding to grow her inventory, cover licensing and permit fees, and exhibit at more shows to broaden her audience. In exchange for pledges, supporters will receive colorful fiber goods or markers handmade by Alicia of Purple Goddess Design.
The document discusses inclusive design and accessibility. It defines inclusive design as crafting experiences to include everyone regardless of impairments, cultural backgrounds, or environments. It outlines three elements of inclusive design: catering for impairments, providing cultural consistency, and offering solutions for different environments. The document provides tips on integrating accessibility early, getting team buy-in, and emphasizing the business benefits of inclusive design such as a bigger audience and spending power. It also discusses development, UX, UI, and quality assurance methods to ensure inclusivity.
Branding Kenya Brochure Final -Inno Garage ConsultingInno Garage
Kenya is a blessed country with exotic locations, good-natured locals and supportive business environment.
To have brochure designs that can help you in creating impact, feel free to contact us at team@innogaragebranding.com or to have a look at our websites:
http://www.innogarageconsulting.com/
http://www.innogaragebranding.com/
State of the Global Workplace Report 2013 by GallupInno Garage
Only 13% of employees worldwide are engaged at work, while 63% are not engaged and 24% are actively disengaged. Engagement levels vary widely between regions, from just 6% in East Asia to 24% in Australia and New Zealand. Engaged workplaces experience higher productivity and profits, while active disengagement costs economies hundreds of billions annually. Engaged employees are more likely to report that their employers are hiring and expanding, indicating engagement may help drive job growth following economic downturns. However, poor hiring and management practices inhibit companies' ability to improve engagement and growth.
This document compares and contrasts Christmas traditions in the US and Spain. It discusses typical foods, such as Americans eating turkey and biscuits while Spaniards eat foods dependent on their region like nougats. It also outlines traditions such as Americans decorating with lights and Christmas trees while Spaniards decorate with trees and nativity scenes. Both countries celebrate the birth of Jesus as well as gift giving, although Americans believe Santa delivers presents on Christmas Eve while Spaniards celebrate Three Wise Men bringing gifts on January 6th.
Innovation and Open Innovation by Inno GarageInno Garage
Handling innovation is never easy. Companies try to contain the sources of innovation by not allowing the "outsiders" to enter company affairs. We are here to present our academic view on Open Innovation and how it will help in taking your company to the next level.
Inno Garage is one of the foremost consultancies on offering open innovation, crowdfunding and crowdsourcing ideas. To know more about our services, have a loot at
http://www.innogarageconsulting.com/2014/02/crowd-sourcing-solutions.html
http://www.innogarageconsulting.com/2013/10/battle-test-your-innovation-strategy.html
- Federal procurement outlays in the Washington metropolitan area declined 8.4% between fiscal years 2010 and 2012, while federal employment declined 2.25% since peaking in July 2010.
- The Washington metro area saw strong job growth between 2012-2013, adding 36,100 jobs, compared to more modest growth or declines in other large metro areas.
- Professional and business services is expected to see the largest job growth in the Washington area between 2012-2017, adding 143,800 jobs, followed by education and health services.
The document provides an economic overview and outlook for the Northern Utah economy. It summarizes recent employment trends which show a decline in total nonfarm jobs from 2011 to 2012 for most counties in the region. The top industries that drive the economy are discussed, including government, retail, healthcare, manufacturing, and education. Projections estimate continued growth in healthcare and construction jobs. Issues like sequestration and the European debt crisis are noted as having potential impacts on economic growth.
July Snapshot: Employment Trends & Establishment Growth in Metro Atlanta ARCResearch
This document summarizes employment and business trends in the Atlanta region. Some key findings include:
1) Atlanta ranks 2nd among 12 major metros in relative job growth over the past year, adding jobs at a faster rate than the national average.
2) Several outer suburban counties like Forsyth, Henry, and Paulding have seen the largest increases in employees and business establishments since 2000, experiencing strong population and economic growth.
3) Small businesses, defined as having 0-49 employees, make up around 24% of all businesses in Atlanta and are clustered in exurban areas, though they receive a smaller share of total payroll compared to other major cities.
Committee for Dulles Virginia Presentation.KelleyCoyner.CenterforRegionalAnal...spg
The document summarizes economic trends and outlook for the Washington D.C. area economy. It finds that the regional economy has grown steadily since the recession, with rising GDP, household income, and employment. Job growth has been strongest in professional and business services. Housing prices have also risen significantly. Going forward, the regional economy is well-positioned due to strengths in sectors like education, health, and technology, but faces challenges from high costs of living, unreliable transportation, and risk from federal budget cuts.
The document summarizes the findings of a follow-up study on Massachusetts manufacturing conducted in 2013. It examines manufacturing employment, productivity, and other trends since the original 2007 study. Key findings include that manufacturing employment has stabilized since 2009 despite the recession, productivity growth has exceeded other industries, and the workforce remains diverse with over a quarter born outside the US. Challenges include an aging workforce and the need for skilled labor. Most manufacturers cite reasons like workforce quality and customer proximity for remaining in Massachusetts.
2013-04-23-Economic Report to the Board of GovernorsSalt Lake Chamber
The document contains charts and graphs depicting economic indicators in Utah from 2007-2013. It shows that from 2009-2012, Utah experienced steady job growth, declining unemployment, increased personal income and exports, and growth in the construction and natural resources industries. Net migration to Utah also increased steadily from 2009-2012. The bottom section focuses on immigration and Rio Tinto, noting their contributions to Utah's economy and jobs.
U.S. employment update and outlook: October 2014JLL
Unemployment dips to 5.9 percent in September—its first time below 6.0 percent during the recovery.
The U.S. economy got back on track in September, bouncing back from a sluggish August with 248,000 net new jobs. Growth occurred across sectors and geographies, with office-using industries in particular benefiting from improved corporate confidence leading to permanent hiring.
Total unemployment, which includes discouraged and marginally detached workers, also declined slightly to 11.8 percent, bringing it below the 10-year average.
With numerous other employment metrics all pointing up—including job openings, voluntary quits and CEO confidence—sentiment will only become more optimistic over the coming months.
See more real estate and economic research at: http://bit.ly/1vIGt6m
The St. Louis labor market continues to be very healthy. Non-farm payrolls in St. Louis rose 3.1 percent year-over-year, the most in 15 years. This led to the unemployment rate to fall below 4.0 percent for the first time since 2000.
Hiring in St. Louis continues to outpace the U.S. as non-farm payrolls grew by 2.6 percent from the previous year. Find out more in our November Employment Update
ARC's employment estimates are for 2012, and they include jobs-in-place, meaning we locate the jobs at the small-area, which provides more spatial detail and accuracy than other employment products.
Minneapolis–St. Paul Employment Update | August 2016Carolyn Bates
According to the most recent BLS estimates, Minneapolis-St. Paul’s unemployment has ticked up from last month’s 3.1%, yet still sits comfortably below the 4 percent mark. Having the second-lowest unemployment rate in the nation among all large metros offers its own challenges as employers prepare for a potentially looming talent shortage.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Approximately 6,000 jobs have been added in the industry year-over-year.
The U.S. economy saw the addition of 255,000 net new jobs in July, the second consecutive month of healthy additions after a volatile first quarter and next to no growth in May.
Nationally, average weekly wages continue to rise at an annual clip of 2.6 percent, more than double inflation at 1.0 percent. This will boost disposable income and, in turn, personal consumption that drives GDP.
The size of the local labor force declined by 32,000 workers in August. That contraction caused the unemployment rate to decline 40 basis points to 5.7 percent.
The document summarizes US economic data from January 2009, reflecting job losses reported in the December 2008 National Jobs Report. It provides charts and data on job losses across various sectors such as finance, healthcare, IT, and manufacturing from 2008-2009, with the largest job losses occurring in the manufacturing, construction, and financial services industries. Regional economic data on jobs and real GDP growth is also presented.
U.S. employment update and outlook: December 2014JLL
November gain of 321,000 jobs confirms the strength of the recovery
The U.S. economy saw the growth of an additional 321,000 net new jobs in November. With revisions of earlier months' data, makes November the ninth consecutive month with gains surpassing 200,000 jobs.
Unemployment remained steady from the previous month at 5.8 percent. Total unemployment—which includes detached workers—dropped by 10 basis points to a recovery low of 11.4 percent, as the number of marginally detached workers slowly declines.
See more economic, office and real estate research at http://bit.ly/1s2tk4M
The document summarizes the results of the Manpower Employment Outlook Survey for quarter 4 of 2010. It found that employers in 28 of 36 countries expect to add to their workforces over the next three months, with the most favorable outlooks in India, Brazil, Taiwan and China. In the US, 15% of employers intend to increase hiring and 11% intend to decrease, resulting in a net employment outlook of +5%. Certain industries such as leisure and hospitality, mining and professional services had stronger hiring outlooks than others such as construction and government.
Minneapolis–St. Paul Employment Update | January 2016Carolyn Bates
The local unemployment rate of 2.7% has once again hit its lowest point since 2001. Coupled with a monthly labor force growth of 10.3 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 34.9 percent of the 12-month total employment growth, while the industrial sectors experienced a gain of 8.1 percent.
At the national level, 2015 ended on a very high note, with December gaining 292,000 net new jobs and revisions in October and November resulting in a three-month increase of 851,000 jobs.
The national rise in hourly earnings by 2.5 percent is significantly more meaningful, which will likely lead to accelerated GDP growth from the end of 2015 and into 2016 as consumer spending elsewhere pushes up the largest component of output: personal consumption expenditures.
After increasing in July, the local labor market contracted by 2,000 workers in August. Along with that employment held flat, still near a historic high. As a result, unemployment edged down 40 basis points to 3.3 percent.
This document provides an economic update for the 7 Rivers region by reviewing several indicators:
- A survey from 2002 shows that residents' financial positions compared to the previous year were mostly unchanged or better.
- Consumer sentiment and expectations indices for the region have typically tracked close to national averages.
- Tourism employment has grown steadily in benchmark cities like Salt Lake City and Atlanta in recent decades and remains a important industry for economic development in the region.
- Developing amenities like trails and parks can provide downstream benefits to health, home values, and tourism in addition to improving quality of life.
- Speakers at the event discussed leveraging the region's natural comparative advantages to attract investment and spur additional economic growth through tourism.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
Minneapolis-St. Paul employment update | December 2016Carolyn Bates
•Minneapolis-St. Paul has the fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
•Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,800 jobs have been added in the industry year-over-year (Y-O-Y).
•While office-using sectors were responsible for 52% of growth this month, educational and health services continue to drive regional employment gains and currently account for 37% of Y-O-Y job growth.
•Nationwide, unemployment dropped by 30bp to a cyclical low of 4.6 percent. This is possible by consistent job growth and a slight decline in the labor force participation rate to 62.7 percent.
•With continued wage growth and inflation now at 1.6 percent, nearing the Federal Reserve’s 2.0-percent target and unemployment at its lowest point since August 2007, the stage has been set for a rate hike by the end of the year.
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2. REAL DEAL 2014
The Post-Federally Dependent
Washington Area Economy
Stephen S. Fuller, Ph.D.
Dwight Schar Faculty Chair and University Professor
Director, Center for Regional Analysis
George Mason University
January 28, 2014
4. U.S. Gross Domestic Product
Quarterly Change: 2007 – 2015
%
6
Forecast > > > >
4
2
0
-2
-4
-6
-8
-10
2007
2008
2009
2010
2011
2012
Source: Bureau of Economic Analysis, Global Insight January 6, 2014
2013
2014
2015
5. U.S. Payroll Job Change by Sector
Dec 2012 – Dec 2013
Ranked by Size in 2013
Educ & Health Svcs
State & Local Govt
Prof. & Bus. Svcs
Retail Trade
Leisure & Hosp.
Manufacturing
Financial
Construction
Wlse Trade
Other Services
Transp. & Util.
Federal Govt.
Information
-600
Total = 2,186
(000s)
327
54
637
381
390
77
84
153
95
30
42
-79
-4
-400
-200
0
200
Source: Bureau of Labor Statistics (Seasonally Adjusted), GMU Center for Regional Analysis
400
600
6. U.S. Payroll Job Change by Sector
Nov 2013 – Dec 2013
Ranked by Size in 2013
Educ & Health Svcs
State & Local Govt
Prof. & Bus. Svcs
Retail Trade
Leisure & Hosp.
Manufacturing
Financial
Construction
Wlse Trade
Other Services
Transp. & Util.
Federal Govt.
Information
-100
Total = 74
(000s)
0
-11
19
55
9
9
4
-12
15
1
-2
-2
-12
-50
0
50
Source: Bureau of Labor Statistics (Seasonally Adjusted), GMU Center for Regional Analysis
100
7. U.S. Unemployment Rate
%
11
10
9
8
7
6
5
4
Dec = 6.7
GI FCST
13 – 7.4
14 – 6.5
15 – 5.9
16 – 5.4
17 – 5.1
18 – 5.0
Source: Bureau of Labor Statistics (Seasonally Adjusted), IHS Global Insight January 6, 2014
9. U.S. Economic Performance
%
20
Forecast > > > >
15
10
5
GDP
Residential Fixed
Non-Res: Structures
State & Local
Federal
Bus. Inv.-Eq & Sfwr
0
-5
-10
-15
-20
-25
-30
Source: Bureau of Economic Analysis, Global Insight January 6, 2014
11. The Washington Area Economy
Experienced Structural Change
During the Recession
Changing Federal Spending
Policies Have Resulted in Additional
Major Changes in the Washington
Area Economy
12. Recession Impacts
• GRP declined 0.8% in 2008
• The region’s lost 178,100 jobs
Sequester+ Impacts
• Federal procurement $s down by 11.8%
• There are 21,200 fewer federal jobs
• Federal payroll is down 4.8%
or by $2 billion
13. Federal Government
Washington MSA
(000s) Annual Data
30
25
20
15
10
5
0
-5
-10
-15
-20
2008
Annual Month over Year
2009
2010
2011
2012
2013
Oct
Jul
Apr
Jan
Oct
Jul
Apr
Jan
Oct
Jul
Apr
Jan
Oct
Jul
Apr
Jan
Oct
Jul
Apr
Jan
Oct
Jul
Apr
Jan
2005
2002
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
Tot 2012 = 377,400
14. WMSA Payroll Job Change: Private Sector
The Great Recession and Recovery
Aug 2008-Feb 2010
(000s)
Total -178
Prof. & Bus. Svcs
Feb 2010-Nov 2013
Total 212
43
-23
Educ & Health Svcs
40
Retail Trade
-23
Leisure & Hosp.
34
-34
Construction
56
-48
14
Other Services
-8
Financial
8
-10
Information
11
-12
Manufacturing
0
-10
Wlse Trade
0
-7
Transp. & Util.
0
-4
-60
-40
-20
Feb 10 to Nov 12
Nov 12 to Nov 13
6
0
0
20
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
40
60
15. WMSA Payroll Job Change from Aug-2008
Professional & Business Services
As measured in November of each year
(000s)
25
Prof & Bus
Svcs
20
15
Prof, Sci &
Tech Svcs
10
5
Management
0
-5
Admin & Waste
Mgt
Nov-13
Nov-12
Nov-11
Nov-10
Nov-09
-15
Aug-08
Nov-08
-10
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
16. WMSA Payroll Job Change from Aug-2008
Education & Health Services
As measured in November of each year
(000s)
70
60
Health &
Educ Svcs
50
Educ. Svcs
40
Health Svcs
30
20
Ambulatory
Health Svcs
10
Hospitals
Nov-13
Nov-12
Nov-11
Nov-10
Nov-09
-10
Aug-08
Nov-08
0
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
17. WMSA Payroll Job Change from Aug-2008
Leisure & Hospitality
As measured in November of each year
(000s)
40
Leisure &
Hospitality
30
20
Food &
Drinking
Places
10
0
Accommodation
-10
Arts & Rec
Nov-13
Nov-12
Nov-11
Nov-10
Nov-09
-30
Aug-08
Nov-08
-20
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
18. WMSA Payroll Job Change from Aug-2008
Financial Activities
As measured in November of each year
(000s)
8
Financial
Activities
6
4
2
Finance &
Insurance
0
-2
Real Estate &
Leasing
-4
-6
Credit &
Related
Nov-13
Nov-12
Nov-11
Nov-10
Nov-09
-10
Aug-08
Nov-08
-8
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
19. WMSA Payroll Job Change from Aug-2008
Construction, Mfg, Info & Other Services
As measured in November of each year
(000s)
0
Other Services
-5
-10
Manufacturing
-15
-20
Information
Svcs
-25
-30
Construction
Nov-13
Nov-12
Nov-11
Nov-10
Nov-09
-40
Aug-08
Nov-08
-35
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
20. WMSA Payroll Job Change from Aug-2008
Trade, Transportation & Utilities
As measured in November of each year
(000s)
15
Retail
10
5
Department
Stores
0
Transportation
& Utilities
-5
Nov-13
Nov-12
Nov-11
Nov-10
Nov-09
Aug-08
Nov-08
-10
Wholesale
Trade
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
21. Washington Metropolitan Area Job Change
by Wage Category between 2008 to 2013
Higher-Wage
Mid-Wage
Lower Wage
(000s)
(60)
(40)
(20)
0
2008-2009
Sources: EMSI 2013.3 & GMU Center for Regional Analysis
20
40
2010-2013
60
80
22. The Current Baseline for the
Region’s Future Growth:
What Are the Current Trends?
23. (000s)
15 Largest Job Markets
Job Change: Nov 2012 – Nov 2013
250
200
Washington +24,100
150
100
50
0
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
24. Job Change by Sector
Nov 2012 – Nov 2013
Washington MSA
(000s)
Prof. & Bus. Svcs
Federal Govt.
Educ & Health Svcs
State & Local Govt
Retail Trade
Leisure & Hosp.
Construction
Other Services
Financial
Information
Manufacturing
Wlse Trade
Transp. & Util.
(20.0)
Total = 24,100
0
-10
2
6
4
16
-1
0
7
-2
0
-2
3
(10.0)
-
10.0
20.0
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
30.0
25. Job Change by Sector
Oct 2013 – Nov 2013
Washington MSA
(000s)
Prof. & Bus. Svcs
Federal Govt.
Educ & Health Svcs
State & Local Govt
Retail Trade
Leisure & Hosp.
Construction
Other Services
Financial
Information
Manufacturing
Wlse Trade
Transp. & Util.
(20.0)
Total = 11,600
1
-2
1
3
8
-1
-1
0
0
0
0
0
3
(10.0)
-
10.0
20.0
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
30.0
26. Annual Job Change
District of Columbia, 2002-2013
(000s) Annual Data
60
50
40
30
20
10
0
-10
-20
-30
-40
2009
Annual Month over Year
2010
2011
2012
2008
2005
2002
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
2013
27. Job Change by Sector
Oct 2013 – Nov 2013
District of Columbia
(000s)
Prof. & Bus. Svcs
Federal Govt.
Educ & Health Svcs
State & Local Govt
Retail Trade
Leisure & Hosp.
Construction
Other Services
Financial
Information
Manufacturing
Wlse Trade
Transp. & Util.
(20.0)
Total -1,200
1
-2
0
0
1
-1
0
-1
0
0
0
0
0
(10.0)
-
10.0
20.0
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
30.0
28. Annual Job Change
Suburban Maryland, 2002-2013
(000s) Annual Data
60
50
40
30
20
10
0
-10
-20
-30
-40
2009
Annual Month over Year
2010
2011
2012
2008
2005
2002
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
2013
29. Job Change by Sector
Oct 2013 – Nov 2013
Suburban Maryland
(000s)
Prof. & Bus. Svcs
Federal Govt.
Educ & Health Svcs
State & Local Govt
Retail Trade
Leisure & Hosp.
Construction
Other Services
Financial
Information
Manufacturing
Wlse Trade
Transp. & Util.
(20.0)
Total 4,800
0
0
1
1
3
-2
0
0
0
0
0
0
1
(10.0)
-
10.0
20.0
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
30.0
30. Annual Job Change
Northern Virginia, 2002-2013
(000s) Annual Data
60
50
40
30
20
10
0
-10
-20
-30
-40
2009
Annual Month over Year
2010
2011
2012
2008
2005
2002
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
2013
31. Job Change by Sector
Oct 2013 – Nov 2013
Northern Virginia
(000s)
Prof. & Bus. Svcs
Federal Govt.
Educ & Health Svcs
State & Local Govt
Retail Trade
Leisure & Hosp.
Construction
Other Services
Financial
Information
Manufacturing
Wlse Trade
Transp. & Util.
(20.0)
Total 8,200
-1
0
1
2
5
1
-1
0
0
0
0
0
1
(10.0)
-
10.0
20.0
Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis
30.0
32. Unemployment Rates in the WMSA
By Sub-State Area, 2006-2013
12
10
8
7.3 – DC
7.0 – U.S.
6
5.3 – SMD
4.9 – MSA
4
4.0 - NVA
2
0
Source: Bureau of Labor Statistics (Region - Not Seasonally Adjusted, US – Seasonally Adjusted)
34. Washington Metropolitan Area and
U.S. Economic Growth
2012-2018
(annual percent real change)
Year
2012
2013
2014
2015
2016
2017
2018
WMSA
1.28
1.26
2.65
3.56
3.40
3.42
3.28
U.S.
2.8
1.8
2.5
3.2
3.3
3.3
2.9
Sources: IHS Global Insight; GMU Center for Regional Analysis
35. U.S. GDP and Washington Area GRP
2001 – 2013 – 2018
%
6
Washington
4
U.S.
2
0
-2
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
-4
Source: IHS Global Insight, GMU Center for Regional Analysis
36. Employment Change in the WMSA
by Sub-State Area (000s)
2011 2012
2013
2014 2015 2016 2017 2018
14.1
5.6
4.4
4.8
20.7 18.1 22.7 20.0 14.3 12.2
No. VA
26.4 23.5
14.6 32.2 31.8 36.8 35.0 30.3
REGION
42.6 32.2
37.5 60.2 66.1 66.4 56.2 47.4
D.C.
Sub. MD
1.9
9.7 11.3
9.3
Average Annual Change 1990-2010 = 36,000
Source: BLS, IHS Global Insight, GMU Center for Regional Analysis
NOTE: The regional totals include Jefferson, WV.
6.5
4.6
40. Top 12 Stock Exchanges
2013 Growth*
Rank
4
2
1
6
8
12
5
10
3
9
11
7
Exchange
Tokyo SE
Nasdaq
NYSE Group
Frankfurt SE
Bolsa De Madrid
Swiss Exchange
Euronext
BorsaItaliana
London SE
TSX Group
Hong Kong Exchanges
Shanghai SE
Source: Yahoo! Finance
*Change from the 2012 close to the 2013 close.
Index
Nikkei 225
NASDAQ Composite
DJI A
DAX
Madrid General
Swiss Market
CAC 40
FTSE MIB
FTSE 100
S&P TSX Composite
Hang Seng Index
Shanghai Composite
% Change
56.7%
38.3%
26.5%
25.5%
21.4%
20.2%
18.0%
16.6%
12.0%
9.6%
2.9%
-6.8%
41. S&P Select Sector Performance
12-Month Percent Change as of December 31st, 2013
41.0%
Consumer Discretionary
38.7%
Health Care
33.2%
Financials
37.6%
Industrials
22.7%
Materials
Consumer Staples
22.7%
Energy
22.3%
26.2%
Information Technology
8.8%
Utilities
6.5%
Telecommunication Services
0%
10%
20%
30%
12-month percent change
Source: Standard & Poor’s
40%
50%
44. Industrial Production
January 2001 through December 2013
105
Index (2007 = 100)
100
(Base year: 2007)
95
90
85
Jan-01
Jun-01
Nov-01
Apr-02
Sep-02
Feb-03
Jul-03
Dec-03
May-04
Oct-04
Mar-05
Aug-05
Jan-06
Jun-06
Nov-06
Apr-07
Sep-07
Feb-08
Jul-08
Dec-08
May-09
Oct-09
Mar-10
Aug-10
Jan-11
Jun-11
Nov-11
Apr-12
Sep-12
Feb-13
Jul-13
Dec-13
80
Source: Federal Reserve
The industrial production index measures the real output of the
manufacturing, mining, and electric and gas utilities industries.
50. National Nonfarm Employment
by Industry Sector
December 2012 v. December 2013
Professional and Business Services
637
Trade, Transportation, and Utilities
517
Leisure and Hospitality
390
Education and Health Services
327
Construction
122
Financial Activities
84
Manufacturing
77
Mining and Logging
31
Other Services
30
Information
Government
All told 2,186 K Jobs gained
-4
-25
-100
0
100
200
300
Thousands, SA
Source: Bureau of Labor Statistics
400
500
600
700
51. Cumulative Job Growth Since December 2007:
Full-time v. Part-time
December 2007 – December 2013
6,000
4,000
2,000
0
-2,000
-4,000
Full-time
Part-time
-6,000
-8,000
-10,000
Source: Bureau of Labor Statistics, Current Population Survey
Full-time: -4.33 million
Part-time: +2.63 million
Dec-13
Sep-13
Jun-13
Mar-13
Dec-12
Sep-12
Jun-12
Mar-12
Dec-11
Sep-11
Jun-11
Mar-11
Dec-10
Sep-10
Jun-10
Mar-10
Dec-09
Sep-09
Jun-09
Mar-09
Dec-08
Sep-08
Jun-08
Mar-08
Dec-07
-12,000
52. Maryland Nonfarm Employment
by Industry Sector Groups (SA)
November 2013 v. November 2012
Absolute Change
Professional and Business Services
14,800
Education and Health Services
9,600
Trade, Transportation, and Utilities
6,300
Mining, Logging, and Construction
5,600
Other Services
1,400
Government
200
Financial Activities
100
Leisure and Hospitality
US Total (SA):
+2,293K; +1.7%
-1,000
Manufacturing
MD Total:
+33.5K; +1.3%
-1,400
Information
-10,000
-2,100
-5,000
0
5,000
10,000
Source: Bureau of Labor Statistics
*According to the Local Area Unemployment Statistics (LAUS)
series MD lost 13,618 jobs between November 2012 and November 2013.
15,000
20,000
53. Baltimore-Towson MSA Nonfarm Employment
by Industry Sector Groups (NSA)
November 2013 v. November 2012
Absolute Change
Education and Health Services
10,000
Professional and Business Services
7,800
Trade, Transportation, and Utilities
6,400
Mining, Logging, and Construction
3,300
Financial Activities
2,200
Other Services
1,300
Leisure and Hospitality
900
Information
Government
Manufacturing
-8,000
Source: Bureau of Labor Statistics
-600
Baltimore MSA Total:
+25.2K; +1.9%
MD Total (SA):
+33.5K; +1.3%
US Total (SA):
+2,293K; +1.7%
-2,700
-3,400
-3,000
2,000
7,000
12,000
54. Washington, DC-Arlington-Alexandria MSA Nonfarm Employment
by Industry Sector Groups (NSA)
November 2013 v. November 2012
Absolute Change
Leisure and Hospitality
16,200
Financial Activities
7,000
Trade, Transportation, and Utilities
5,100
Education and Health Services
1,900
Other Services
0
Professional and Business Services
-200
Manufacturing
-200
Mining, Logging, and Construction
Information
Government
-10,000
Source: Bureau of Labor Statistics
DC MSA Total:
+24.1K; +0.8%
-500
US Total (SA):
+2,293K; +1.7%
-1,700
-3,500
-5,000
0
5,000
10,000
15,000
20,000
55. Employment Growth, U.S. States (SA)
November 2012 v. November 2013 Percent Change
RANK
1
2
2
4
4
6
6
8
9
9
11
12
12
12
12
16
16
STATE
NORTH DAKOTA
FLORIDA
TEXAS
GEORGIA
IDAHO
OREGON
UTAH
INDIANA
COLORADO
DELAWARE
ARIZONA
MISSOURI
NEVADA
NEW JERSEY
SOUTH CAROLINA
MASSACHUSETTS
MISSISSIPPI
%
4.0
2.5
2.5
2.3
2.3
2.2
2.2
2.1
2.0
2.0
1.9
1.8
1.8
1.8
1.8
1.7
1.7
RANK
18
18
20
20
20
20
20
25
25
25
28
29
29
31
31
31
31
STATE
CALIFORNIA
SOUTH DAKOTA
KANSAS
MICHIGAN
MINNESOTA
NEW YORK
WISCONSIN
NORTH CAROLINA
TENNESSEE
WASHINGTON
MARYLAND
RHODE ISLAND
WEST VIRGINIA
ARKANSAS
LOUISIANA
NEBRASKA
VERMONT
%
1.6
1.6
1.5
1.5
1.5
1.5
1.5
1.4
1.4
1.4
1.3
1.2
1.2
1.1
1.1
1.1
1.1
Source: Bureau of Labor Statistics
U.S. Year-over-year Percent Change: 1.7%
RANK
35
35
35
35
39
40
40
40
43
44
44
46
47
48
48
50
51
STATE
CONNECTICUT
ILLINOIS
MONTANA
OKLAHOMA
IOWA
HAWAII
MAINE
WYOMING
VIRGINIA
NEW HAMPSHIRE
PENNSYLVANIA
OHIO
KENTUCKY
ALABAMA
NEW MEXICO
DISTRICT OF COLUMBIA
ALASKA
%
1.0
1.0
1.0
1.0
0.9
0.8
0.8
0.8
0.7
0.6
0.6
0.4
0.3
0.2
0.2
0.0
-1.0
56. Unemployment Rates, U.S. States (SA)
November 2013
RANK
STATE
%
RANK
STATE
%
RANK
STATE
%
1
NORTH DAKOTA
2.6
15
WEST VIRGINIA
6.1
35
NEW YORK
7.4
2
SOUTH DAKOTA
3.6
19
ALABAMA
6.2
35
NORTH CAROLINA
7.4
3
NEBRASKA
3.7
20
LOUISIANA
6.3
35
OHIO
7.4
4
5
UTAH
HAWAII
4.3
4.4
20
22
WISCONSIN
FLORIDA
6.3
6.4
38
39
ARKANSAS
CONNECTICUT
7.5
7.6
5
IOWA
4.4
22
MAINE
6.4
40
GEORGIA
7.7
5
VERMONT
4.4
22
MARYLAND
6.4
41
ARIZONA
7.8
5
WYOMING
4.4
22
NEW MEXICO
6.4
41
NEW JERSEY
7.8
9
MINNESOTA
4.6
26
ALASKA
6.5
43
TENNESSEE
8.1
10
KANSAS
5.1
26
COLORADO
6.5
44
KENTUCKY
8.2
10
NEW HAMPSHIRE
5.1
26
DELAWARE
6.5
45
MISSISSIPPI
8.3
12
MONTANA
5.2
29
WASHINGTON
6.8
46
CALIFORNIA
8.5
13
OKLAHOMA
5.4
30
MASSACHUSETTS
7.1
47
DISTRICT OF COLUMBIA
8.6
13
VIRGINIA
5.4
30
SOUTH CAROLINA
7.1
48
ILLINOIS
8.7
15
IDAHO
6.1
32
INDIANA
7.3
49
MICHIGAN
8.8
15
MISSOURI
6.1
32
OREGON
7.3
50
NEVADA
9.0
15
TEXAS
6.1
32
PENNSYLVANIA
7.3
50
RHODE ISLAND
9.0
Source: Bureau of Labor Statistics
U.S. Unemployment Rate: 7.0%
57. Unemployment Rates, 20 Largest Metros (NSA)
November 2013
Rank
MSA
UR
Rank
MSA
UR
1
Minneapolis-St. Paul-Bloomington, MN-WI
Metropolitan Statistical Area
4.0
10
Miami-Fort Lauderdale-Pompano Beach, FL
Metropolitan Statistical Area
6.3
2
Washington-Arlington-Alexandria, DC-VA-MDWV Metropolitan Statistical Area
4.9
12
St. Louis, MO-IL Metropolitan Statistical
Area
6.5
3
Dallas-Fort Worth-Arlington, TX Metropolitan
Statistical Area
5.6
13
3
Houston-Sugar Land-Baytown, TX Metropolitan
Statistical Area
5.6
14
San Diego-Carlsbad-San Marcos, CA
Metropolitan Statistical Area
New York-Northern New Jersey-Long
Island, NY-NJ-PA Metropolitan Statistical
Area
5
Seattle-Tacoma-Bellevue, WA Metropolitan
Statistical Area
5.7
15
Philadelphia-Camden-Wilmington, PA-NJDE-MD Metropolitan Statistical Area
7
Phoenix-Mesa-Glendale, AZ Metropolitan Statistical
Area
6.0
18
Detroit-Warren-Livonia, MI Metropolitan
Statistical Area
8.3
9
Tampa-St. Petersburg-Clearwater, FL Metropolitan
Statistical Area
6.2
19
Los Angeles-Long Beach-Santa Ana, CA
Metropolitan Statistical Area
8.5
Baltimore-Towson, MD Metropolitan Statistical
Area
6.3
20
Riverside-San Bernardino-Ontario, CA
Metropolitan Statistical Area
9.4
Source: Bureau of Labor Statistics
15
6.0
17
7.0
7
10
5.8
6.9
Boston-Cambridge-Quincy, MA-NH Metropolitan
NECTA
San Francisco-Oakland-Fremont, CA Metropolitan
Statistical Area
6
Atlanta-Sandy Springs-Marietta, GA
Metropolitan Statistical Area
Chicago-Joliet-Naperville, IL-IN-WI
Metropolitan Statistical Area
6.8
7.0
8.1
58. MD County Unemployment Rates
November 2013
Rank
Jurisdiction
UR
Rank
Jurisdiction
UR
1
Howard County
4.5
13
Garrett County
6.3
1
Montgomery County
4.5
13
Talbot County
6.3
3
Calvert County
5.1
15
Baltimore County
6.4
3
Frederick County
5.1
16
Cecil County
6.6
5
Carroll County
5.2
17
Allegany County
7.0
5
St. Mary's County
5.2
18
Caroline County
7.2
7
Charles County
5.3
19
Washington County
7.3
8
Queen Anne's County
5.4
20
Wicomico County
8.2
8
Anne Arundel County
5.4
21
Dorchester County
9.1
10
Harford County
5.8
21
Baltimore City
9.1
11
Kent County
6.2
23
Somerset County
9.4
11
Prince George's County
6.2
24
Worcester County
14.0
Source: Bureau of Labor Statistics
61. U.S. New Home Sales
January 1999 through November 2013
1,600
Thousands, SAAR
1,400
1,200
1,000
800
600
400
200
0
Source: Economy.com, Census Bureau
November 2013
464K
63. S&P/Case-Shiller Home Price Indices for Select Metros
October 2013, 12-Month Percentage Change
30%
27.1%
24.6%
12-Month % Change
25%
22.1%
20%
15.8%
13.6%
15%
10%
7.4%
4.9%
5%
0%
Source: Standard & Poor’s
8.6%
9.5%
9.7%
10.9%
17.3%
19.0%
64. Housing Inventory by Baltimore MSA Jurisdiction+
December 2012 v. December 2013
13.8
14
Dec-12
Dec-13
12
Months of Inventory
13.4
11.0
10
9.1
8
6.2
5.6
6
6.0
5.5
4.7
4
6.6
5.9
5.2
4.3
3.9
3.5
3.1
2
0
Anne Arundel Baltimore City
Baltimore
County
Harford
Howard
Carroll
Source: Maryland Association of Realtors
Maryland = Dec. 2012: 5.0 months; Dec. 2013: 4.9 months
Queen Anne's
Talbot
65. Area Office Market Statistics
2013 Q4
Area
Available
SF
Direct
Vacancy
Rate %
Q4 2013 Net
Absorption
SF
YTD 2013 Net
Absorption
SF
Avg Asking
Rent
$/SF/YR
City Center
3,170,011
16.65%
60,360
335,742
$20.85
Other Baltimore City
1,193,580
13.82%
9,321
45,314
$20.73
Total City
4,363,591
15.67%
69,681
381,056
$20.82
Southern Metro
4,686,453
13.86%
-26,904
289,394
$24.62
Northern Metro
5,377,684
16.18%
54,235
-69,160
$21.67
Total Metro
10,064,137
15.00%
27,331
220,234
$23.04
TOTAL MARKET
14,427,728
15.20%
97,012
601,290
$22.37
Source: MacKenzie Commercial Real Estate Services
66. Area Flex Industrial Market Statistics
2013 Q4
Area
Available
SF
Annapolis
731,655
Arbutus
386,793
Balt County East
411,323
Baltimore City
995,539
BW Corridor
2,291,123
Carroll
234,120
Harford/ Cecil
475,751
I-83 Corridor
389,178
Reisterstown Road
605,036
Woodlawn/ Catonsville
383,821
TOTAL MARKET
6,904,339
Source: MacKenzie Commercial Real Estate Services
Direct
Vacancy
Rate %
Q4 2013 Net
Absorption
SF
YTD 2013 Net
Absorption
SF
Avg Asking
Rent
$/SF/YR
7%
15%
10%
14%
8%
16%
17%
5%
17%
9%
10%
-50,632
33,065
10,554
28,183
100,236
7,500
12,440
-43,129
-12,478
-9,731
76,008
-48,480
14,848
111,226
74,831
306,991
24,322
35,666
28,891
-12,977
-46,703
488,615
$16.13
$7.95
$11.46
$7.87
$11.90
$8.76
$10.21
$10.74
$10.42
$9.87
$10.99
67. Area Warehouse Industrial Market Statistics
2013 Q4
Area
Available
SF
Annapolis
790,010
Arbutus
1,090,330
Balt County East
4,704,779
Baltimore City
6,867,140
BW Corridor
7,819,752
Carroll
1,048,368
Harford/ Cecil
2,719,817
I-83 Corridor
396,669
Reisterstown Road
215,341
Woodlawn/ Catonsville 305,327
TOTAL MARKET
25,957,533
Source: MacKenzie Commercial Real Estate Services
Direct
Vacancy
Rate %
Q4 2013 Net
Absorption
SF
YTD 2013 Net
Absorption
SF
Avg Asking
Rent
$/SF/YR
6.50%
10.95%
11.95%
7.57%
11.34%
9.70%
4.08%
6.24%
3.07%
10.30%
8.52%
18,312
36,489
191,292
242,409
267,567
59,518
259,071
41,205
-4,300
-116,190
995,373
232,328
52,268
-91,882
-8,134
399,917
287,856
1,700,435
-151,207
-70,999
-104,892
2,245,690
$6.44
$4.63
$4.11
$4.34
$5.28
$4.23
$4.43
$7.77
$7.50
$4.04
$4.74
70. Coming to America (1988)
• Economy gained momentum
over the course of last year;
• Tailwinds included booming
stock market, lower gasoline
prices, stabilizing global
economy, and consumer
expenditures on interest rate
sensitive durable goods like
housing and autos;
• The current year is associated
with greater certainty regarding
federal budgeting and monetary
policy – that helps;
• The world is not perfect - black
swan threats remain: (1) Iran
(2) Israel/Iran (3) Europe (4)
contagion (5) cyber (6) EMP;
• Healthcare reform could slow
full-time hiring over the course
of the year; and
• Further evidence of Maryland’s
economic and demographic
under-performance.
71. Thank You
Follow us on Twitter @SagePolicyGroup
You can always reach me at
abasu@sagepolicy.com
Please look for updates of information at
www.sagepolicy.com.
Also, if you need us in a hurry, we are at
410.522.7243 (410.522.SAGE)
Please contact us when you require
economic research & policy analysis.
Editor's Notes
http://us.spindices.com/index-family/us-equity/sector-industry Index Family -> Equity, U.S. … Open each sector and “Export” to get historical data.
*We have the Fed Reserve Balance Sheet data points for 12/25 and 1/1 but there was no trading on those days so we don’t have S&P data points. How to handle this?Through 12/18/2013Should we convert this to a line graph?Fed balance-weekly-wednesdaysReserve Bank credit is the sum of securities held outright, repurchase agreements, term auction credit, other loans, net portfolio holdings of Commercial Paper Funding Facility LLC, net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility, net portfolio holdings of Maiden Lane LLC, net portfolio holdings of Maiden Lane II LLC, net portfolio holdings of Maiden Lane III LLC, float, central bank liquidity swaps, and other Federal Reserve assets.
http://bls.gov/bls/shutdown_2013_cps_ces.htm
October 2013 PreliminarySeries ID are in excel linked to chartMD Total Nonfarm: SMS24000000000000001US Total Nonfarm (SA): CES0000000001MD LAUS (SA): LASST24000005
Series ID are in excel linked to chartBaltimore MSA Total Nonfarm: SMU24125800000000001US Total Nonfarm (SA): CES0000000001
Series ID are in excel linked to chartDC MSA Total Nonfarm: SMU11479000000000001US Total Nonfarm (SA): CES0000000001
August 2013 preliminaryLASST01000003LASST02000003LASST04000003LASST05000003LASST06000003LASST08000003LASST09000003LASST10000003LASST11000003LASST12000003LASST13000003LASST15000003LASST16000003LASST17000003LASST18000003LASST19000003LASST20000003LASST21000003LASST22000003LASST23000003LASST24000003LASST25000003LASST26000003LASST27000003LASST28000003LASST29000003LASST30000003LASST31000003LASST32000003LASST33000003LASST34000003LASST35000003LASST36000003LASST37000003LASST38000003LASST39000003LASST40000003LASST41000003LASST42000003LASST44000003LASST45000003LASST46000003LASST47000003LASST48000003LASST49000003LASST50000003LASST51000003LASST53000003LASST54000003LASST55000003LASST56000003
Please make sure all unemployment rates have the same number of decimals (ex. 8.0 rather than just 8)http://www.bls.gov/lau/Tables: Unemployment Rates for Large Metropolitan Areas
Please make sure all unemployment rates have the same number of decimals (ex. 8.0 rather than just 8)