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

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Presentation transcript:

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

Data Revolution

Every Minute:  204 Million 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

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

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

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

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

Current Labor Market Conditions

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

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

Population Growth Source: U.S. Census Bureau, EMSI

Population Growth Source: EMSI

Population Growth Source: EMSI

Unemployment Rates Oct 2009 June 2009 Nov 2010 Source:

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

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

Soft Skills Gap Awkward Handshakes

Soft Skills Gap Personal Space

Soft Skills Gap Don’t Pay Attention

Soft Skills Gap

Millennials

Source: Goldman Sachs

U.S. Labor Force by Generation, Source: Pew Research Center

Millennials Source: Goldman Sachs

Millennials Source: Goldman Sachs

Millennials 50% 16% 27% Source: Goldman Sachs

Millennials 13% 38% 26% Source: Goldman Sachs

Millennials 33% 44% 17% Source: Goldman Sachs

Idaho Projections

Projections Explained by a Millennial

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

Industry Projections: Percent Growth Source: IDOL

Comparing Actual to Projected Growth Source: IDOL

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

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 %$ Electricians %$ Registered Nurses %$ Civil Engineers %$ Operating Engineers and Other Construction Equipment Operators %$ Heavy and Tractor-Trailer Truck Drivers %$ Market Research Analysts and Marketing Specialists %$ Carpenters %$ Computer User Support Specialists %$ Software Developers, Systems Software %NA 11Dental Hygienists %$ Construction Laborers %$ Logging Equipment Operators %NA 14Physical Therapists %$ Sales Representatives, Wholesale and Manufacturing, Except Tech. & Sci. Products %$21.84 East Idaho Hot Jobs

Thank you! Christopher St Jeor ext. 3077