by Amy Daniels
MEMPHIS, Tenn. (Thursday, Jan. 19, 2023) – The Greater Memphis Chamber today announced a new name, leadership, and staff additions for its economic research and analysis arm, which has been renamed the Greater Memphis Economic Research Group, or GMERG (pronounced “G-merge”).
[Read more…] about Chamber launches GMERG, hires executive director
by Amy Daniels
September 30, 2021 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
[Read more…] about Monitoring Recovery | Indicators to Watch (September 2021)
by Amy Daniels
July 29, 2021 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
[Read more…] about Monitoring Recovery | Indicators to Watch (July 2021)
by Amy Daniels
April 29, 2021 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
With the release of the January 2021 unemployment numbers on March 19, these updates will provide a key snapshot of where the Memphis market sits as it relates to a recovery from the March/April 2020 contraction.
[Read more…] about Monitoring Recovery | Indicators to Watch 4/29/2021
by Amy Daniels
March 30, 2021 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
With the release of the January 2021 unemployment numbers on March 19, these updates will provide a key snapshot of where the Memphis market sits as it relates to a recovery from the March/April 2020 contraction.
[Read more…] about Monitoring Recovery | Indicators to Watch 3/30/2021
by Amy Daniels
February 8, 2021 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
With the release of the December 2020 unemployment numbers on February 3, these updates will provide a key snapshot of where the Memphis market sits as it relates to a recovery from the March/April 2020 contraction.
[Read more…] about Monitoring Recovery | Indicators to Watch 2/8/2021
by Amy Daniels
November 3, 2020 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
With the release of the September 2020 unemployment numbers on October 28, these updates will provide a key snapshot of where the Memphis market sits as it relates to a recovery from the March/April 2020 contraction.
[Read more…] about Monitoring Recovery | Indicators to Watch 11/3/2020
by Amy Daniels
October 2, 2020 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
With the release of the August 2020 unemployment numbers on September 30, these updates will provide a key snapshot of where the Memphis market sits as it relates to a recovery from the March/April 2020 contraction.
[Read more…] about Monitoring Recovery | Indicators to Watch 10/2/2020
by Amy Daniels
On June 23, the Chamber held its annual Mid-Year Chairman’s Forum, giving the full membership and guests an opportunity to learn about the what the Chamber has been engaged in so far this year and about the work that’s underway.
Chamber President & CEO Beverly Robertson welcomed the attendees and introduced Chairman Willie Gregory as he informed the group on how the Chamber is working to combat impacts of COVID-19 as well as racial injustice. Following Gregory’s update, keynote speaker Benjamin Pring, co-founder of Cognizant’s Center for the Future of Work, presented on how the future of the workplace will be affected due to the impact of coronavirus.
Pring shared that “technology is changing the rule of business” signifying that the way in which we interacted with each other before would now be conducted more often in the digital space. The pandemic has sped up the shift towards the new dependence on technology forcing companies and employees to quickly learn and adjust to this new form of communication.
As companies pivot to incorporating new technology in their business model, Pring shared that human qualities such as passion and empathy would become more important and have more value as machines take on more hands-on responsibilities and are less likely to leave a personal touch.
by Amy Daniels
The construction pipeline for industrial space in Greater Memphis, Tennessee set a new record as developers continue to be active in Memphis, according to CoStar, a global leader in commercial real estate information. In fact, in a February 2020 publication from Costar, they cite that Greater Memphis was on track to expand its industrial footprint at the fastest pace in the nation with more than 3 million SF has delivered in 2020 and had over 11.9 million square feet of industrial space underway.
[Read more…] about Industrial Construction in Greater Memphis
by Amy Daniels
SkillsMatch is a powerful way to explore personalized recommendations for work, based on the skills that you have and the skills that you want to learn. Leveraging the in-demand skills across job categories can help make you more competitive and stand-out for new opportunities in the marketplace. SkillsMatch is powered by Economic Modeling Specialists International – a national leader in higher education, economic development, workforce development and talent analytics.
[Read more…] about Free Skills Match Tool to Find New Job Opportunities
by Amy Daniels
To kick off the Chamber’s 2020 Thought Leadership Series, Byron Reese enlightened an audience of over 200 business and community leaders that the way we work to stimulate our economy is about to change in a major way. Due to the on-going advancement of technology, systems like artificial intelligence (AI) are increasingly being used in the workplace to provide more efficiency and productivity for the economy. What does this mean for humans? Reese shares that we too will advance and become more skilled to do the work in the next age.
[Read more…] about The Next Age in our Economy According to Futurist Byron Reese
