CENTERS for

Written by Dr. Christine Chmura

January 2015

Virginia Economic Forecast 2015:  Virginia's Role in North American Energy Development
Virginia Economic Forecast 2015: Virginia's Role in North American Energy Development — Sponsored by Cassaday and Company, this 15th Annual Economic Forecast offers not only a picture of what Virginia's economy will look like in 2015, but also describes the important role in North American energy development.  The Commonwealth has finally surpassed its pre-recession peak level of employment, but did so months after the nation.  Key sectors, relatively more dependent on Department of Defense spending, are likely being impacted by federal spending cuts.  Meanwhile, Virginia is in position to serve as a vital connection between domestic energy production and exports to European/Asian markets through its port -- one of only two East Coast ports currently equipped for larger ships.  With its close proximity to shale gas reserves and recent approval by the federal government to allow for energy exploration off the Atlantic coast, Virginia is poised to become "the energy capital of the East Coast" in the long term.  Read It Here!

June 2013

Virginia Economic Forecast 2013-2014:  State to Add Jobs Despite Sequestration
Virginia Economic Forecast 2013-2014: State to Add Jobs Despite Sequestration —  While the impact of the federal government's spending reductions through sequestration will be greater than on other states, Virginia's employment will still expand by 0.8 percent in 2013 and by 1.1 percent in 2014.  But this is well below the 1.9 percent annualized job growth in the state between 1992 and 2007.  This year's annual forecast is the 14th Jefferson Institute report on the economy of the United States and Virginia, and is conducted by Dr. christine Chmura and her team at Chmura Economics & Analytics.  Read the Full Report Here!

July 2012

2012-2013 Virginia Economic Forecast:  Expanding Broadband:  Jobs, Innovation and Rural Development
2012-2013 Virginia Economic Forecast: Expanding Broadband: Jobs, Innovation and Rural Development — Although Virginia is faring better than the rest of the nation, a robust economic recovery in the Commonwealth continues to be dampened, according to the 2012-2013 Virginia Economic Forecast, the thirteenth annual report on the economy conducted by Chmura Economics & Analytics and released by the Thomas Jefferson Institute for Public Policy.  The Forecast projects a number of key economic data for Virginia, including employment, wages and salaries, retail sales and housing, and compares them with national projections.  Read It Here!

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