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State of the Workforce 2008 Rising Expectations - Declining Outcomes.

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Presentation on theme: "State of the Workforce 2008 Rising Expectations - Declining Outcomes."— Presentation transcript:

1 State of the Workforce 2008 Rising Expectations - Declining Outcomes

2 State of the Workforce Reports Labor Force Decline in Greater New Haven -’ Year Olds - Future Workforce in Peril - ’03 Workforce Dilemma - ’05 Connecticut’s Competitive Challenge - ’06 The Haves, Have-Nots, and Used-to-Haves - ‘07

3 Population State of the Workforce 2007

4 Gainers and Losers in State Population July 2006 – July 2007 Source : USA Today & Census Bureau Lost Population Gained 0.5% or less Gained 0.6% - 1.2% Gained 1.3% or more

5 Population Change in South Central CT % - 3% Source: CT Department of Labor 3% - 6% 6% - 10% Over 10% Bethany Durham East Hampton East Haddam Haddam Killing- worth Wallingford Meriden Middletown Middle- field Cromwell Portland Chester Deep River Essex Old Saybrook West- brook Clinton Guilford Madison Branford North Branford East Haven New Haven West Haven Orange Milford Wood- bridge Hamden North Haven 50% of Region’s Population

6 CT Population Changes CT’s 18 to 64 year old working age population is expected to decline through 2030 CT’s elderly population, 65 +, will increase by 70% during the same time period As a result, the number of workers per elderly resident will decline by 40% CT’s loss of 20 to 34 year olds continued to be greatest in nation between 1990 and % of CT residents moved in from another state in US rank 39 th Source: New England Economic Partnership

7 State of the Workforce 2007 Employment

8 South Central Connecticut Employment Concentration by Industry Clusters Employment Concentration Source: CT Department of Labor

9 South Central CT Worksites By Size 2004 – 2006 Number of Employees 2004 # Worksites 2004 Total Employment 2005 # Worksites 2005 Total Employment 2006 # Worksites 2006 Total Employment ,79918,64310,87819,04111,14819,294 5 – 93,59523,8143,63724,0603,60223, – 192,41832,4162,39932,3642,39032, – 491,68350,5341,66850,1851,71752, – , , , – , , , , , , – , , , , , ,232 Total19,483292,58619,606290,32519,907295,134 Source: CT Department of Labor

10 Job Growth Source: DataCore Partners LLC

11 CT JOB GROWTH VS.COMPENSATION PER JOB TO 2006 NAICS Sectors 2001 – 2006 Job Change Growth RankNAICS Sectors 2006 Total Compensation Comp Rank Health18,8001Financial Services$142,4021 Leisure & Hospitality12,8002Federal Gov’t w/Military$135,2392 Education8,2003Wholesale Trade$92,3983 State and Local Gov’t3,0004Manufacturing$88,1654 Transportation & Utilities2,0005Bus & Prof Services$86,5135 Construction1,6006Information$81,0416 Financial Services1,4007Other$69,3917 Other1,4008All Government$67,2528 All Government1,1009Construction$66,2799 Wholesale Trade20010State and Local Government$61,32010 Federal Gov’t w/Military-1,90011Health$51,98611 Retail Trade-3,60012Education$50,58612 Bus & Prof Services-5,50013Transportation & Utilities$44,66513 Information-7,00014Retail Trade$35,88014 Manufacturing-32,00015Leisure & Hospitality$19,87415 Source: DataCore Partners LLC

12 Replacement Earnings of U.S. Displaced Workers Re-employed in 2006 by Education Level Educational Attainment Weekly Earnings Displaced Job* Weekly Earnings Current Job Absolute Difference Relative Difference Less than High School$494$434-$ % High School Graduate$581$529-$52-8.9% Some College or Associate’s Degree $698$611-$ % College Graduate$1,222$1,087-$ % Source: Center for Labor Market Studies

13 Gainers and Losers in State Population July 2006 – July 2007 Source : USA Today & Census Bureau Lost Population Gained 0.5% or less Gained 0.6% - 1.2% Gained 1.3% or more

14 Per Capita Spending on Incumbent Worker Training CT $0.16 ME PA VT MA NJ $7.04 $6.54 $5.27 $4.10 RI - $16.93 $5.94 How To Improve Connecticut’s Economic Competitiveness: Invest in Workforce Training It is time to secure the state’s economic future and keep Connecticut competitive. Here is what the competition is investing:

15 Older Workers 2007 Business Week Survey showed 1 in 4 workers 55 and older say they never expect to retire - 1 in 10 under age 30 says the same 30% of people 65 to 69 were either working or actively looking for jobs - up from 25% in 2006 AARP Survey of workers 50 and over shows 48% expect to retire between 65 and 72 years of age - 10 % expect to retire after 73 and 8% say they will never retire Workforce participation rates were relatively flat for 25 to 54 year olds and fell more than 3 percentage points for those 16 to 24 Source: Business Week & AARP

16 Employment/Population Ratios Year Olds Selected Years 1989 to 2007 Source: Center for Labor Market Studies

17 Future Workforce 35% of American Households have Children But 60% have pets

18 Income Disparity State of the Workforce 2007

19 Median Income Masks Growing Income Inequality in Region* Source: N Y Times *Tri-State 22 county region including Fairfield, New Haven & Middlesex Counties (Excluding New York City) , , ,000

20 Income Distribution of Individuals Born to a Poor Family With and Without a College Degree Source: New York Times and Brookings Institution 68% 62% Income Groups by Quintile

21 Impact on Wages in 2004 due to Unequal Growth Source: Economic Policy Institute

22 Education State of the Workforce 2007

23 Educational Outcomes and Socioeconomic Status Source: Economic Policy Institute & National Center for Education Statistics College Completion % Performance in 8th Grade Math

24 Number of Associate’s Degrees Conferred U.S., New England & So. Central CT 1996 & Absolute Change Relative Change United States557,858730,643172,78531% New England28,44027,023-1,417-5% South Central CT % So Ctrl CT Public % So Ctrl CT Private % Source: Center for Labor Market Studies

25 Number of Non-Degree Awards Granted U.S., New England & So. Central CT 1996 & Absolute Change Relative Change United States620,669719,97099,30116% New England21,90423,0031,0995% South Central CT8511, % So Ctrl CT Public % So Ctrl CT Private % Source: Center for Labor Market Studies

26 Distribution of Associate’s Degrees Conferred By Field of Study - South Central CT 2006 Field of StudyPercent Arts & Humanities32% Business29% Criminal Justice1% Education1% Engineering & Computer Science8% Heath Sciences20% Law0% Personal Services7% Sciences1% Total100% Source: Center for Labor Market Studies

27 Remedial Tales Of 1,161 new students entering Gateway Community College in the 2006 fall semester: 38% needed developmental writing 54% needed developmental English 84% needed developmental math Of those who enrolling in developmental math only 48% pass - for developmental English the success rate is 35% The National Center for Educational Statistics indicates that students who enroll in a remedial reading course are 41% more likely to drop out of college Source: NCES & Gateway Community College

28 South Central CTWorks Customers Placement Wages vs. Academic Assessment Funding SourceWage% Below Basic* Dislocated Worker Programs$ % Adult Programs$ % Youth Programs$ % Jobs First Employment Services $ % * % Below Basic = those customers testing below basic proficiency levels in math and/or reading Sample Size 4,382

29 Workforce Housing State of the Workforce 2007

30 American Housing Snapshot 1977 average family size was 3.1 people 2007 average family size was 2.6 people 1977 average house built was 1,700 sq ft 2007 average house built was 2,469 sq ft % of homes > 2,400 sq ft % of homes > 2,400 sq ft Source: USA Today & US Census Bureau

31 Connecticut Housing CT housing prices defied the national trend and rose 1.45% in 2007 First Quarter 2008 – Sales were off 27.3% – Prices were off 5.8% Combination of limited supply (CT 49 th in homes built per capita in 2007) and consistent demand have mitigated declines Source: Partnership for Strong Communities

32 Ex-Offenders State of the Workforce 2008

33 Adult Probationers in South Central CT & Under Source: CT Department of Labor Over 500 Bethany Durham East Hampton East Haddam Haddam Killing- worth Wallingford Meriden Middletown Middle- field Cromwell Portland Chester Deep River Essex Old Saybrook West- brook Clinton Guilford Madison Branford North Branford East Haven New Haven West Haven Orange Milford Wood- bridge Hamden North Haven

34 Growth in State Spending on Corrections and Higher Education 1987 to 2007 Total Source: Inside Higher Ed

35 Recommendations 1.Reduce dropout rates - enforce the legal age of 18 for leaving school 2.Improve access to Higher Ed 3.Increase the availability of affordable workforce housing 4.Fund Incumbent Worker Training 5.Require literacy training for prison inmates

36 Reduce Dropout Rates - Enforce the Legal Age of 18 for Leaving School Close the loophole that allows children 16 to drop-out with parental consent CT high income residents are basically 100% assured of high school graduation However just over 75% of low income residents graduate

37 Functional illiteracy within the penal system is 70% Less than 20% of inmates take part in any education or training Lack of literacy skills is an overwhelming barrier to success in the job market Require Literacy Training for Prison Inmates

38 Raise the expectations of low income youth Provide full tuition scholarships to public colleges for Connecticut high school graduates who have: – achieved basic proficiency in their 10th grade CAPT – maintained a “C” average in high school – family income of $45,000 or less Improve Access to Higher Ed

39 Increase public funding available for new housing production or preservation Stimulate private investment by providing financial incentives to developers Reward local governments for developing more affordable housing and removing zoning barriers. Increase the Availability of Affordable Workforce Housing

40 Increase public investment in incumbent worker education and training Expand worker access to education and training Measure policies by their success in developing self-sufficient workers In 2006, MA Invested $21million in incumbent worker training; NY $25 million; RI, $8million; CT invested $500,000 Fund Incumbent Worker Training


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