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New Resource for Labor Market Trends and Data

NOVA has contracted with the company, Chmura Economics and Analytics, to license a resource for labor market trends, data and reports. Chmura provides big labor data analytics by researching labor supply and demand from both the macro and micro levels and producing historic, current and predictive labor market reports. Data is aggregated from a variety of sources including the U.S. Census Bureau, U.S. Department of Labor, U.S. Department of Education, and California Employment Development Department, among other resources in an easy to use format that includes forecasting analytics. Accessing information is accomplished through a user-friendly website by posing a simple question or submitting a request for information and then obtaining a response in real-time. Already NOVA is seeing the value of this resource through comprehensive reports of this region. Accurate and reliable labor market intelligence is critical to NOVA’s ability to prepare workers for jobs that will be there now and in the future and ensuring a talent pipeline for Silicon Valley employers. These customized reports will also be of value to the NOVA consortium city and county partners, businesses, economic development agencies, education providers and community organizations. If you are interested in obtaining data on a particular labor market/economic indicator, please visit the NOVA website or contact NOVA Director Kris Stadelman.