Research in Review - September 1


This weekly blog post will serve to share the most exciting research developments and data in Nashville, Middle Tennessee, nationally and even internationally that are relevant to the mission of our organization. If you have any questions, please contact our research team.

Housing

This CityLab article maps the path of last week’s solar eclipse by examining traffic patterns in the path of totality. The eclipse attracted thousands of visitors to areas across the country, with the Nashville region attracting roughly 90,000 visitors for the event. 

Economy

report from the Bureau of Labor Statistics shows Tennessee and North Dakota setting all-time unemployment rate lows in July 2017. Tennessee had a seasonally adjusted unemployment rate of 3.4%, Davidson County had a rate of 3.1% and the Nashville MSA had a rate of 3.3%. The current unemployment rate nationwide is 4.3%, and the low unemployment rates in Tennessee and the Nashville region reflect an increasingly tight labor market. 

An article from Pew Research shows US job openings were at record levels this summer. Nationally, the job openings rate is 4.0%, up from a low of under 2.0% during the Recession. The South matched the nation as a whole, with a job openings rate of 4.0% in June 2017, while the Midwest led all regions with an openings rate of 4.4%.

Education and Workforce

Pew reports that wages for high-skilled foreign workers on H1-B visas has risen in the past decade. Foreign workers on H1-B visas are highly skilled workers and can be an important source of talent for businesses in the US. There are 85,000 H1-B visas available annually, and this profile details visa applicants in Tennessee.

A fun tool developed by the New York Times shows jobs that are polar opposites of each other based on the skills and tasks required for a job.

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