Economy

The Hardest Job To Fill In 2012? A Look At The Supply of Web Developers

Keith Cline at Inc.com has a fresh look at one of the enduring, and perplexing, stories of 2011 — the skills shortage. Even with 13.3 million Americans unemployed, and millions more underemployed, there are industries severely lacking in skilled talent.

Cline provided five loose job titles/duties that employers will have a hard time filling as 2012 starts. Chief among them: software engineers and web developers.  read more »

Manufacturing Executives Predict Jobs will Return to the U.S.

A recent poll of 3,000 C-level manufacturing company executives found that 85% see certain manufacturing functions returning to the U.S., citing increasing costs overseas (37%), logistics/delivery demands (20%), quality issues (7%) and other reasons (37%).

From the Cook Associates Survey:  read more »

Interactive Data Visualization: The Connection Between Manufacturing Jobs and Exports

By Hank Robison and Rob Sentz

We recently observed that there are only about 50 manufacturing sectors out of 472 (6-digit NAICS) that actually gained jobs over the past 10 years. This made us wonder because we keep hearing that manufacturing output is actually improving. Politicians and policymakers tend to assume that an uptick in output would naturally result in an uptick in employment. So we investigated.  read more »

Avent on Cities: Understanding Part of the Equation

Ryan Avent hits a home run, strikes out and earns a "yes, but," all in the same article ("One Path to Better Jobs: More Density in Cities") in The New York Times.  read more »

Interactive Graphic: Job Growth by Sector for all Counties in the Nation

The fully interactive map below indicates job growth and decline for all US counties from 2006 to 2011. These show up as hot or cold spots; red for growth, blue for decline. You can select a state to zoom in on and find a county that way, or simply click on a county to drill in. Once you’ve chosen a county, the table under the map will show you job numbers by industry category.  read more »

Sizing Up Texas’ Job Growth Under Rick Perry

Now that Texas Gov. Rick Perry is officially in the running for the Republican presidential nomination, journalists and econ bloggers from almost every national news outlet have examined the Texas’ economy in excruciating detail. The fact that Texas has produced nearly 40% of all new jobs in the US since 2009 has been regurgitated over and over again, and the state’s remarkable population spike has repeatedly been cited as a reason for the big employment growth.  read more »

Houston's Not Resilient? Really?

Alert reader Jessie sent me this article about Houston ranking "very low" on a "resilience capacity index".  For real.  I was dumbfounded too. And now I'm going to post out-of-character and get a little snippy...  read more »

Infographic: Which Industries Are Growing in Your State?

EMSI teamed up with Tableau Software to create this industry data display. You can visualize every broad-level (2-digit NAICS) industry by state over the last decade. Also, click on the dot for each state to see the trends for each sector. The bigger the dot, the more jobs that state has in the selected industry. It may take a few seconds to load.  read more »

Turn the Focus Towards Australia's Regional Towns

Too much property reporting and media attention is given to our capital cities, and not enough effort is spent analysing our regional towns. 

As a result, too few investors understand Australia’s regional potential.  Right now, not only are many of our regional centres at the bottom of their cycle, but larger, long-term trends are at play.  Indeed, regional Australia is on the cusp of some big demographic changes.   read more »

Mixed News on Trade

The Department of Commerce released trade balance numbers for January this morning, reporting that the monthly deficit jumped to $46.3 billion, up from $40.3 billion in December. Economists had been projecting a deficit of $41.5 billion. The larger than expected number may lead some economists to “lower their estimates for economic growth in the January-March quarter based on the wider deficit.”

However, buried within the dark clouds is a silver lining.  read more »

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