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Making Sense of Nonsense: An Analytical View of Idaho’s Labor Market.

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Presentation on theme: "Making Sense of Nonsense: An Analytical View of Idaho’s Labor Market."— Presentation transcript:

1 Making Sense of Nonsense: An Analytical View of Idaho’s Labor Market

2 Data Revolution

3 Every Minute:  204 Million email messages  4 Million Google search queries  417,000 TINDER swipes  277,000 new tweets  72 hrs. new video to YouTube What is “Big Data”? Source: Domo web analytics

4 DATA PRODUCTION WILL BE 44 TIMES GREATER IN 2020 THAN IT WAS IN 2009 What is “Big Data”? Source: CSC

5 Not-So-Noteworthy Findings False confessions may lead to more errors in evidence!!! Source: Time Magazine

6 Not-So-Noteworthy Findings Freeway air is bad for mice brains!!! Source: Time Magazine

7 Not-So-Noteworthy Findings Leaving a third of your food on the plate can cut calories by 33%!!! Source: Time Magazine

8 Current Labor Market Conditions

9 Avg. Wage: US: $51,361 Idaho: $37,970 Bonneville: $33,423 Industry Wage by Employment Share Source: Idaho Department of Labor, QCEW, 2014

10 Source: U.S. Bureau of Labor Statistics, Occupational Employment Statistics, 2014 Employment by Wage – Bonneville

11 Population Growth 2004-2014 Source: U.S. Census Bureau, EMSI

12 Population Growth 2004-2014 Source: EMSI

13 Population Growth 2004-2024 Source: EMSI

14 Unemployment Rates Oct 2009 June 2009 Nov 2010 Source: www.bls.gov

15 Tightening Labor Market Source: Help Wanted Analytics & Idaho Department of labor

16 Industry Needs Skill gaps: Mathematics Writing Engineering Communications Automotive Programming Soft Skills

17 Soft Skills Gap Awkward Handshakes

18 Soft Skills Gap Personal Space

19 Soft Skills Gap Don’t Pay Attention

20 Soft Skills Gap

21

22 Millennials

23 Source: Goldman Sachs

24 U.S. Labor Force by Generation, 1995-2015 Source: Pew Research Center

25 Millennials Source: Goldman Sachs

26 Millennials Source: Goldman Sachs

27 Millennials 50% 16% 27% Source: Goldman Sachs

28 Millennials 13% 38% 26% Source: Goldman Sachs

29 Millennials 33% 44% 17% Source: Goldman Sachs

30 Idaho Projections

31 Projections Explained by a Millennial

32

33 Idaho Jobs and Workforce Growth Population Forecasts - EMSI August 2014 and Jobs Forecast – Idaho Department of Labor, August 2014

34 Industry Projections: 2012-2022 Percent Growth Source: IDOL

35 Comparing Actual to Projected Growth Source: IDOL

36 RankOccupation 2022 Employment Annual Openings Percent Change 2014 Median Wage Typical Entry Level Education/Degree 1 Pharmacists 1,7637532.4%$55.31Doctorate/Professional 2 Registered Nurses 15,51156226.4%$28.79Associate’s 3 Physical Therapists 1,5026431.5%$37.96Doctorate/Professional 4 Software Developers, Applications 2,1176022.2%$32.84Bachelor’s 5 Physician Assistants 8993433.0%$43.91Master’s 6 Industrial Machinery Mechanics 2,33610730.6%$22.78High School Diploma 7 Electricians 3,74613929.1%$21.81High School Diploma 8 Dental Hygienists 1,3575321.6%$34.70Associate’s 9 Market Research Analysts & Marketing Specialists 1,9596731.9%$23.55Bachelor’s 10 Nurse Practitioners 7232830.0%$43.89Master’s 11 Computer Systems Analysts 1,2633921.8%$36.47Bachelor’s 11 Electrical Power-Line Installers & Repairers 1,0024721.2%$39.00High School Diploma 13 Cost Estimators 1,2416235.6%$23.97Bachelor’s Degree 14 Sales Representatives, Wholesale & Manufacturing, Except Technical &Scientific Products 7,22322918.0%$23.40High School Diploma 15 Physicians and Surgeons, All Other 8413219.8%NADoctorate/Professional Source: Idaho Department of Labor, Communications & Research Division, 2012 Idaho Hot Jobs

37 1 Hot Jobs: Jobs that on average rank high in three major criteria — the abundance of jobs in the economy, jobs that are growing the fastest and jobs with the highest pay. 2 Average annual job openings include new jobs plus replacement jobs. Source: Idaho Department of Labor, Communications & Research Division, 2012 RankOccupation 2022 Employment Annual Openings Percent Change 2014 Median Wage 1Software Developers, Applications 4791734%$27.30 2Electricians 5322342%$21.37 3Registered Nurses 17926122%$26.32 4Civil Engineers 3301327%$38.35 5Operating Engineers and Other Construction Equipment Operators 3601430%$23.71 6Heavy and Tractor-Trailer Truck Drivers 23367926%$16.74 7Market Research Analysts and Marketing Specialists 3061138%$25.47 8Carpenters 9353337%$16.26 9Computer User Support Specialists 4771730%$19.94 10Software Developers, Systems Software 231730%NA 11Dental Hygienists 193935%$32.52 12Construction Laborers 10294641%$13.17 13Logging Equipment Operators 3101130%NA 14Physical Therapists 176835%$37.86 15Sales Representatives, Wholesale and Manufacturing, Except Tech. & Sci. Products 11903920%$21.84 East Idaho Hot Jobs

38 Thank you! Christopher St Jeor Christopher.StJeor@labor.idaho.gov 208.557.2500 ext. 3077


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