Latest Labor Market Insights and More

A new year is always a good time to consider how the economy might perform. And many of us economists were wrong about expecting a recession in 2023. It never came to pass, but we had good reason to...

This article was originally published in the Richmond Times Dispatch on November 20, 2023. With the holiday shopping season in full force and inflation eating away at spending power, growth in retail...

This article was originally published in the Richmond Times Dispatch on September 25, 2023. Many economists have downgraded the probability of a recession occurring over the next year. They argue...

Key Takeaways: There are two alternative ways to measure the size of an economy: Gross Domestic Product (GDP) and Gross Domestic Income (GDI). In theory, GDP should always equal GDI. In practice, the...

The explosion of artificial intelligence (AI) technology in the first half of 2023 has shaken not only the technology industry, but other parts of society. Experts and academics are grappling with...

As the Federal Reserve seeks to tame inflation, the labor shortage exacerbated by the pandemic continues to keep unemployment rates low and is likely slowing the deceleration in inflation. A key...

This article was originally published in the Richmond Times Dispatch on May 8, 2023. College and high school seniors graduating this year will be entering a weaker labor market than last year’s...

Exiting military personnel are an important but often overlooked contributor to a region’s talent pool. These individuals are not always a large piece of a region’s overall labor pool, but they...

This article was originally published in Area Development Magazine in Q1 2023. Job ads are an important tool for understanding the labor market at a prospective location. Individual job ads — as well...