Economic Security Report 2018

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Presentation transcript:

Economic Security Report 2018 Adrienne Johnston, Bureau Chief Workforce Statistics and Economic Research March 2019

to improve economic decision-making Bureau of Workforce Statistics and Economic Research Our mission is to produce, analyze and deliver labor statistics to improve economic decision-making Employment data are the state’s most important economic indicators Data collected under Federal/State Cooperative Statistical Programs Comparable nationwide for all states, counties and metro areas Collected through a combination of employer surveys, modeling and administrative records

Economic Security Report 2018 Measuring the Economic Success of Florida’s Graduates Details economic outcomes of students who recently completed a program from Florida’s public postsecondary educational institutions. Documents the variation in earnings, employment, continuing education, and public assistance among completers who have earned degrees or certificates. Completers with an advanced technical certificate received the highest median wages one year after graduation ($44,436) and five years after graduation ($59,368) across all programs and credential levels. Apprenticeship completers from the Florida College System had the highest rate of full-time employment (77%), across all credential levels and programs. While, advanced technical certificate holders had the highest rate of employment in any form (85%).

Florida’s Job Demand and Growth by Training Level *Bubble size indicates the level of employment growth Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research. Prepared January 2019.

Completers by Credential Level and System Source: Florida Department of Economic Opportunity, Economic Security Report 2018.

First-Year Employment Rates by Credential Level and System Source: Florida Department of Economic Opportunity, Economic Security Report 2018.

Wages by Educational Attainment and Certification/Licensing Status Source: The Council for Community and Economic Research, State Certifications and Licenses, 2015 - 2017

First- and Fifth-Year Median Wages by Credential Level and System Source: Florida Department of Economic Opportunity, Economic Security Report 2018.

Level of Continuing Education by Credential Level and System Source: Florida Department of Economic Opportunity, Economic Security Report 2018.

Level of Public Assistance by Credential Level and System Source: Florida Department of Economic Opportunity, Economic Security Report 2018.

Occupations Projected to Grow the Fastest in Florida by Education Level Fastest Growing Occupations for Each Education Level Did you know… That the fastest growing occupations for these education levels are in the Healthcare Industry? Fastest Growing Education Levels *Bubble size indicates the employment growth rate. Source: Employment Projections Program, Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research. Prepared January 2019.

Workforce Potential Supply Gap in Florida Sources: FL Department of Economic Opportunity (DEO), Bureau of Workforce Statistics and Economic Research; FL Department of Education; FL State University System; FL Commission of Independent Education. Prepared January 2019.

Thank You. Visit: floridajobs.org/workforce-statistics Contact Information Thank You. If you have questions or comments about this presentation or need to discuss a future project; please contact Adrienne Johnston. Adrienne.Johnston@deo.myflorida.com Visit: floridajobs.org/workforce-statistics DEO Bureau of Workforce Statistics and Economic Research Adrienne Johnston: 850-245-7257