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Regional Economic Data
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Regional Economic Data
Airport
Freight - 1992 - 2003
Building Permits -
1990 - 2003
Building Permits
-Value - 1990 - 1999
Port Freight -
1990 - 2003
Enplanement -
1990 - 2003
Employment Growth -
2002 - 2003
Retail -
1990 - 2003
Unemployment -
1990 - 2003
Regional Economic Outlook
Employment
Forecast
The following graph shows that the number of nonfarm employees in the
Richmond MSA’s was nearly 570,000 in 2003. Using a sophisticated
Bayesian Vector Autoregressive model to forecast employment, we expect the
number of workers will increase by 1.2% to 1.8% in 2004. These graphs were
prepared by VCUD's own econometrician Howard Sanderson.
Employment
Forecast
Leading
and Coincident Indicators
The
coincident index is a combination of economic data series that are used to
measure current economic activity. The leading index is made up of
economic data series that provide a prediction of economic activity six to
nine months in the future. By
following upward and downward trends of the leading index, we can offer a
forecast of the coincident index and hence the outlook of the Richmond MSA
economy.
Coincident
and Leading Indexes
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