Refugees in the US: where do they settle?

Alexander Fishkov

Alexander Fishkov, Ph.D. student Computer Science

The U.S. Refugee Processing Center publishes a lot of data about resettlements related to the U.S. Refugee Admissions Program. It collects data from the Refugee Processing Center, which is operated by the U.S. Department of State Bureau of Population, Refugees, and Migration. This makes it the most reliable source of information on refugees coming from all over the world to the U.S.

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The fastest-growing industry sectors in the Northeast are Construction-related

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

This is the final post of our series on the changes in business profiles of the four United States regions. This time we use the County Business Patterns data to see which industry sectors in the Northeast have shown the largest changes in the employment numbers.

Despite the Northeastern states having the smallest total population of all four regions, it is very densely populated. In fact, seven states with the highest population density are located in the region.

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Crowfunding is a fast-increasing market

Pavel Prikhodko, Ph.D. Machine Learning

The number of international crowdfunding platforms is increasing every year. Crowdfunding is defined as a collective effort by a large number of individuals who network and pool small amounts of capital to finance a new or pre-existing business venture. Each project has a set amount of money to raise and a fixed timeframe; each day is counted down and the money raised is tallied up for visitors to follow the project’s success. Some sources suggest that current financial climate has given a trigger to the culture of crowdfunding.

The United States houses the leading crowdfunding market with 191 crowdfunding platforms in the country, according to information published at Statista.com in 2012. In comparison, the second-largest market in the world, the United Kingdom, had 44 crowdfunding platforms in the same year.

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The number of jobs in Construction is falling across the U.S.

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

As we saw in our post about the fastest-growing industries, one sector performed particularly poorly since 2000. This is the construction industry, which includes businesses in new housing construction itself, as well as electrical, heating and framing contractors and many other specialty trade contractors.

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Higher local employment numbers lead to higher payrolls, especially in finance

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

As we saw in our post about high-paid finance jobs some time ago, there are some counties where the average payroll is significantly higher. The highest numbers are registered in the large cities, but there has been a significant increase is counties that neighbor them (such as Suffolk and Westchester).

If we are to find a relationship between the payroll and employment numbers, it would be logical to assume that the payroll is higher in counties where more people are employed. Actually, it is likely that the relationship is reciprocal — more people are willing to get a job in a city where paychecks are larger.

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Administrative services employment in the South has fallen

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

Today we present another post in our series exploring the business profiles of the United States regions. In this post, we’ll take a look at the sector-by-sector changes in employment in the South using the United States Census Bureau County Business Patterns data.

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Smaller companies pay less – especially in finance

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

The U.S. Census Bureau’s County Business Patterns data allows us to compare employment and payroll numbers between businesses of different sizes.

Approximately half of Americans are employed in businesses with less than 100 total employees. It appears that on average, these companies pay 37 percent less.

Of course, the average number doesn’t mean much — the exact difference varies from state to state and industry to industry.

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Employment length becomes increasingly important for borrowers

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

In peer-to-peer lending (as well as traditional lending), there are many factors that influence the chance that a loan will be paid back. Other than credit score, factors such as income-to-debt ratio, occupation and employment length are considered. We will focus on the latter, once again using the data provided by Prosper (https://www.prosper.com/tools/DataExport.aspx).

Generally, Prosper itself provides the aggregate score which can be used to rate loan quality. And as we can see, it does an exceptionally good job: the borrowers with higher ratings (7 being the highest possible) have a smaller percentage of defaulted loans in almost all cases.
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