Job & Income Trends

On July 13, 2022, the Demographics Research Group presented our analysis of the interrelationship between Virginia’s housing market and population trends to the General Assembly’s Housing Commission. After receiving a number of inquiries regarding the presentation, we are sharing a summary of the presentation with expanded commentary on some noteworthy trends. Throughout American history, the […]

An intriguing phenomenon In the past, Asians in the US consistently enjoyed low unemployment across all racial groups, even in 2009−the worst year of the Great Recession. During the COVID-19 pandemic, however, Asians experienced unemployment rates higher than Whites, peaking at 15% in May 2020. Even as the economy started to improve and the unemployment […]

Arguably, the most persistent demographic trend through the centuries in Virginia and the U.S. has been the difference in socioeconomic status between Black Americans and non-Black Americans. By many measures the socioeconomic gap between Black Americans and non-Black Americans has not changed considerably in half a century, adding fuel to assertions that many of our […]

There is an axiom in the technology sector, known as Amara’s law, which states that the short term impact of a new technology will typically be overestimated while the long term impact is usually underestimated. This is particularly true when considering the impact the internet was expected to have on where people choose to live. […]

The traditional higher-education system works for many, but not everyone desires or can afford a college degree. About one in three US adults age 18 and older hold a high school degree as their highest level of education. While well-paying jobs for workers with a high school diploma alone still exist, they have rapidly declined. […]

Economic divergence between America’s urban and rural areas has been one of the most frequently discussed trends during the past decade. Dimensions of this divergence include growth (or loss) in population, jobs, and household income. Population estimates released by the Weldon Cooper Center earlier this year showed that 94 percent of growth in Virginia since […]

Manufacturing has played a significant role in U.S history. In 1790, during the first State of the Union address, President George Washington highlighted the importance of manufacturing for military supplies: “their (A free people) safety and interest require that they should promote such manufactories, as tend to render them independent on others, for essential, particularly […]

The steady decline in Virginia’s unemployment rate, since its 2010 peak, has been accompanied by a fall in the labor force participation rate over the last decade—from 68.5% in 2008 to 65.7% in 2017. A multitude of factors contribute to these rates, but understanding the demographic profile and socioeconomic makeup of the working age population […]

Employment statistics, such as the rates of unemployment and labor-force participation, are good indicators of workforce engagement, but they obscure the complex and diverse challenges faced by the individuals who may be without a job. The unemployment rate of Virginians age 16 and older in 2016 was 5.0%. A much larger percentage (34.2%) did not […]

After a lengthy and high-profile crusade, Amazon has chosen to split its second headquarters (HQ2) between the Long Island City neighborhood of Queens in New York City and Crystal City (rebranded as “National Landing”) in Arlington, Virginia. The Seattle-based Amazon could get more than $2 billion in tax breaks and other incentives as part of […]