August 8 2018
Economic Analysis, Employment/Workforce

Capital Region Economic Stability

Last May, the Capital Region’s unemployment rate dropped below 4 percent, ending its third longest steak above that level since 1990 (23 months). Often referred to as a threshold, either psychological or arbitrary, the sub-4 percent rate signals economic strength. However, issues remain about sustainability. Although the region has taken few trips below this threshold

August 8 2018
R&D, Trade/Transportation

Innovation Drove Capital Region Export Growth

In 2017, exports from the Capital Region increased over the year by 2.6 percent, with its R&D to Commercialization Cluster driving most of that gain, according to a Center for Economic Growth (CEG) analysis of data from the Brookings Institution’s 2018 Export Monitor. Innovation-Related Exports In 2017, nominal (current dollar) exports from the eight-county Capital

August 8 2018
Economic Analysis, Employment/Workforce, Manufacturing, Regional/County Profiles

The Capital Region’s 2017 Economic Performance

The Capital Region’s annual job growth was on par with its 10 peer economic regions in 2017. Although the peer regions had lower unemployment rates than the Capital Region, they are also dealing with more austere labor force shortages and greater wage inflation, according to a Center for Economic Growth (CEG) analysis of data from

July 18 2018
Nanotechnology, R&D

Capital Region’s Inventors Were Listed on 19% More Semiconductor Device Patents in 2017

One in 20 semiconductor-related device patents1 awarded by the U.S. Patent and Trademark Office (PTO) in 2017 can be traced back to a Capital Region inventor, according to a Center for Economic Growth review of patents listed in PTO’s Patent Full-Text and Image Database. Capital Region inventors’ tally of semiconductor-related device patents increased over the

July 18 2018
Education/Training, Employment/Workforce

Capital Region STEM Degree Awards up 10% in 2017

The talent pipeline for the Capital Region’s technology sector continued to expand in 2017, with traditional colleges and universities throughout the eight counties seeing a 10.3 percent year-over-year increase in STEM degrees awarded, according to a Center for Economic Growth Analysis of new data from the Integrated Postsecondary Education Database System (IPEDS). Not including health-related

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