1 Is it a Needle in a Haystack??! Innovative Solutions in a Challenging Job Market Region 1 Regional Recovery and Reemployment Forum April 28-30, 2009.

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Presentation transcript:

1 Is it a Needle in a Haystack??! Innovative Solutions in a Challenging Job Market Region 1 Regional Recovery and Reemployment Forum April 28-30, 2009

New Labor Market Information Tools Tool 1 Industry Specific Manuals for transitioning Dislocated Workers Tool 2 Report on Industries and Companies Hiring- Updated Monthly Tool 3 Real Time Jobs in Demand Report- Updated Monthly

Tool 1: Tool targets entry and mid-level income professionals It is designed to connect dislocated workers with new and emerging job opportunities Lists options available for job seekers in various occupation groups according to their career goals 3 Manual for Transitioning Dislocated Workers

Lists options for those looking to move up career ladders, move horizontally across career lattices, and those looking to transfer their current skills into another job Tool provides information on relevant training programs and certificates, as well as training providers that offer these programs Manual can be retrieved online at: Manual for Transitioning Dislocated Workers

Background: Real Time Jobs in Demand Jobs are getting scarce A lot of concerns about the relevance of our job projections Need for all kinds of data, but no time to assimilate and synthesize all the information needed Through various studies we identified significant resource misalignment

Background: Where are the Jobs Now? Although the labor market seems to be getting much tighter, data revealed that there are a significant number of job openings posted on various job boards. No information available about these job openings. This information is crucial; it should drive our reemployment initiatives.

Data Foundation of the Tool Real time job demand tools are based on data collected through a spidering technique. Spider Technology: a software that queries thousands of private and government job boards and websites, newspaper classified postings and other media outlets, corporate job boards and websites, and community sites for employment opportunities. Real Time Jobs in Demand: Finding Jobs in a Contracting Economy

Many states have access to job search tools that are based on spidering software Information used primarily by job seekers and job counselors NJ is analyzing this data to identify trends in the openings by industry and occupation. Data Foundation of the Tool

 Real time job demand tools have two components: –Real-Time Industry Demand –Real-Time Occupational Demand Real Time Jobs in Demand: Finding Jobs in a Contracting Economy Components of the Tool

Real Time Jobs in Demand: Finding Jobs in a Contracting Economy

11 Real Time Jobs in Demand: Finding Jobs in a Contracting Economy

Companies Hiring: Statewide

Occupational Demand:  Which jobs are in demand today?  Which jobs will be in demand in the future?  Which jobs are experiencing a labor shortage?  How much are these jobs paying?  Do I have the necessary credentials for my next job? Real Time Jobs in Demand – A new report that has the information needed to answer various questions, such as:

Real Time Jobs in Demand Incorporates long-term trends plus all current job openings in New Jersey Provides information about competition over the same jobs Based on all these factors, each job gets a "demand rank" that shows which ones are most in demand

Live Demonstration LIVE DEMONSTRATION

Number of New Claims based on UI Administrative Records Number of New Openings based on Spidered Data 17 Real Time Jobs in Demand Overall Demand Rank Standard Occupational Code (SOC) Title

Labor Shortage is the difference between openings (C) and claims (D) 18 State Projected Number of Openings from projections data Hourly Wage from OES Real Time Jobs in Demand

19 BLS data on the distribution of educational attainment by occupation Occupational Licensing Data from our Center for Occ. Info Score is a weighted average of C, D, E, F, G Real Time Jobs in Demand

20  Reflects Various Educational and Training Levels Associate degree Bachelor degree Graduate degree First professional degree College: Post-secondary vocational education Short-term on-the-job training Moderate-term or long-term on-the- job training Training: Real Time Jobs in Demand

Local Real Time Demand Now Available Real Time Jobs in Demand: Finding Jobs in a Contracting Economy

Current and Potential Uses of the Tools State, Regional and Local Planning Business & Industry Development One-Stop Career Center Services Capacity Building Real Time Jobs in Demand: Finding Jobs in a Contracting Economy

State- level ARRA Planning Used to communicate current picture of New Jersey’s economy to all stakeholders Framework for State development of “Bulk Training” Framework for Local WIB Plan Guidance

Local Planning Local WIBs use the data for business outreach and marketing Trend data provides framework for decision-making on allocation of resources for training

Dissemination Monthly Update Report on Industries and Companies Hiring Monthly update on Real Times Jobs in Demand Circulated widely to WIBs, Community Colleges, and other stakeholders Real Time Jobs in Demand: Finding Jobs in a Contracting Economy

Not a Needle in a Haystack! There are many jobs out there. We need new search tools. We need a coordinated structure of workforce development resources that both potential employers and workers can draw upon. Partnership! Partnerships! Partnerships! Encourage new thinking, encourage a paradigm shift in LMI as well.