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North Missouri Career Opportunities: The State of the Economy and Implications for Students Mary Bruton| Missouri Economic Research and Information Center|

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Presentation on theme: "North Missouri Career Opportunities: The State of the Economy and Implications for Students Mary Bruton| Missouri Economic Research and Information Center|"— Presentation transcript:

1 North Missouri Career Opportunities: The State of the Economy and Implications for Students Mary Bruton| Missouri Economic Research and Information Center| Missouri Department of Economic Development

2 Overview Employer Outlook Workforce Trends Employer Needs

3 Employment Decline in Recession Source: Rockefeller Institute of Government

4 Impact of Recession by County AP Economic Stress Index – March 2010 The combined impact of foreclosures, unemployment, and bankruptcy 0 5 10 15 20 25 30

5 Unemployment Insurance Claims by Industry Source: MERIC, Missouri Dept. of Labor & Industrial Relations

6 Unemployment Insurance Claims by Level of Educational Attainment Source: MERIC, Missouri Dept. of Labor & Industrial Relations

7 Generational Impact of Recession Source: MERIC, US BLS – Local Area Unemployment Statistics

8 Shifting Employment Trends Source: US Bureau of Labor Statistics, Current Employment Statistics 1990-2010

9 Long-term Industry Outlook for Northwest Missouri Fastest Growth Source: Northwest Missouri Long-term Industry Employment Projections, 2008-2018

10 Long-term Occupation Outlook for Northwest Missouri Fastest Growth Source: Northwest Missouri Long-term Occupational Employment Projections, 2008-2018

11 Long-term Occupation Outlook for Northwest Missouri Most Total Openings Source: Northwest Missouri Long-term Occupational Employment Projections, 2008-2018

12 Shifting Workforce Trends Percent of Tomorrow’s Talent Pool Already At Work Source: MERIC, US Census Bureau Population Projections

13 Shifting Population Trends

14 Talent Attraction & Retention

15 Workforce 2025 Profile Total population is projected to increase by 9.5 % Older population groups are projected to increase Top employing sectors have most retirements 60% of workforce in 2025 is already working New technologies will be embedded in nearly every job Latino workforce participation is higher than others

16 Workforce 2025 Challenges Not enough students and workers with foundational and advanced math and sciences skills The percent of students at or above proficient in math declined from Grade 4 to Grade 8. There is more consistency between 4th and 8th grades. The percentage of first time freshman enrolled in remedial math and reading classes at Missouri Public Institutions has increased. Institutions of higher education are producing fewer college graduates in science and mathematics-related fields. Quality v. quantity of degrees

17 Employer Challenges

18 Skills Needed for Missouri’s Growing Industries Competency Models outline industry-identified skills and talents necessary for future workers to be successful in Missouri’s Targeted Industries

19 The P-20 Education Continuum

20 Missouri Green Jobs Report The Missouri Green Jobs survey is the first survey of Missouri employers that quantifies the number of green jobs in the state. Missouri defines green jobs as jobs directly involved in generating or supporting a firm’s green-related products or services.

21 Green Economy – Includes industries that contribute to at least one of the following: The conservation of energy (energy efficiency) The creation of renewable energy Organic food production The reduction (or elimination) of the direct negative impacts a product, company, or individual may have on the environment The reduction (or elimination) of the direct negative impacts the environment may have on an individual Research and development that goes to supporting any of the aforementioned functions of a green job What is Green?

22 Green Jobs – Primary occupations engaged in generating a firm’s green-related products or services. Green Industries – A detailed industry that is likely to contain firms that produce parts, components, products, or services related to the green economy. Industries and firms were classified as green-related based on their primary product or service; not based on whether they were taking internal steps to use less energy or be more environmentally responsible. What is Green? (cont.)

23 Missouri’s Green Economy Sectors

24 Missouri boasts 131,103 total green jobs—both direct and support positions—among employers, making up 4.8% of total employment in the state. Missouri Green Employment by Sector

25 Primary vs. Support Green Employment

26

27 www.missourieconomy.org


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