Wisconsin Workforce Outlook

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Presentation transcript:

Wisconsin Workforce Outlook Creative Hiring Strategies in Manufacturing May 7, 2019 Fond du Lac, WI Dennis K. Winters Chief Economist Wisconsin Department of Workforce Development

Current expansion; July 2009 - ? 119 months (May)

Economic Outlook Employment Source: Bureau of Labor Statistics, LMI, OEA

Economic Outlook Unemployment Rate Source: Bureau of Labor Statistics, LMI, OEA

Unemployment Rate Source: Local Area Unemployment Statistics (LAUS), Bureau of Labor Statistics (BLS)

How Employment is Tracking

Projected Population Change 2015 - 2035 Source: WI Dept. of Administration Demographic Services Center and U.W.-Madison Applied Population Lab

Projected Population Change 2015 – 2025 People Aged 65 & Older

Wisconsin’s Workforce Growth The New Economy WISCONSIN’S WORKFORCE GROWTH BECOMES FLAT Source: Bureau of Labor Statistics, OEA

Labor Market Participation Source: Bureau of Labor Statistics, OEA

Labor Force Participation Rate (LFPR) Wisconsin LFPR by Age Cohort Source: 2016 American Community Survey (ACS), US Census; sourced from IPUMS.org

Percent of Wisconsin Labor Force by Age Group Source: US Census Bureau, sourced from IPUMS.org; WI DOA Population Projections with OEA Calculations

Local Demographics - Age Source: Quarterly Workforce Indicators (QWI), US Census Bureau LEHD

Local Manufacturing Employment Source: Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics (BLS)

Wisconsin Labor Market

Wisconsin Labor Market

Wisconsin Labor Market

Local Demographics - Gender and Race/Ethnicity Male Female Overall Labor Force 52.8% 47.2% Manufacturing Industry 70.9% 29.1% Race/Ethnicity (%) White Hispanic or Latino Black or African American Overall Labor Force 92.4% 3.8% 0.2% Manufacturing Industry 91.0% 4.3% 0.0% “Labor Force” includes employed and unemployed. “Manufacturing Industry” includes employed. “White” refers to White Non-Hispanic. Includes Winnebago, Fond du Lac, and Calumet Counties Source: IPUMS Online Data Analysis System (2017 1-YR American Community Survey); IPUMS-USA, University of Minnesota, www.ipums.org

Fox Valley Production – Projected Openings

Propensity for Automation by Occupational Group Source: The Future of Employment: How Susceptible are Jobs to Computerisation, C.B. Frey and M.A. Osborne, September 17, 2013, Oxford Martin School, University of Oxford; OES.

Propensity for Automation by Region Source: The Future of Employment: How Susceptible are Jobs to Computerisation, C.B. Frey and M.A. Osborne, September 17, 2013, Oxford Martin School, University of Oxford; OES.

Propensity for Automation by Median Hourly Wage Source: The Future of Employment: How Susceptible are Jobs to Computerisation, C.B. Frey and M.A. Osborne, September 17, 2013, Oxford Martin School, University of Oxford; OES.

Propensity for Automation by Typical Educational Requirements Source: The Future of Employment: How Susceptible are Jobs to Computerisation, C.B. Frey and M.A. Osborne, September 17, 2013, Oxford Martin School, University of Oxford; OES.

Questions? Dennis.Winters@dwd.Wisconsin.gov - Questions?