FLORIDA’S SUPPLY / DEMAND WEB PORTAL Funded by the Workforce Data Quality Initiative (WDQI) Florida’s Adult Education Career Pathways December 2012 Tallahassee, Florida Labor Market Statistics Center 1

What is this new tool? An enhanced and expanded Occupational Supply/Demand Web Portal that Encompasses - Workforce, Education, Labor Market Information, and Current Employer Job Ads and is: The most comprehensive and timely supply/demand system available in the Nation 2

Why Develop a Supply/Demand System? To provide better training alignment in meeting the needs of business To provide business, workforce, education, economic development, job seekers, students, and others the best possible Occupational Supply/Demand information available 3

4 All Users will be able to View and Benefit from: Pipeline of education and training enrollees and recent completers/graduates by occupation Current online job ads as an indicator of occupational demand by region and statewide Contrast of supply to demand to see where occupational shortages exist Entry, median, and experienced pay for each occupation, by region and statewide Data visualization of job ads by occupation by region and statewide, displayed by year and month, back to May of 2005 …. All above by Region and/or Statewide

How will the data be used to help Florida and the economy? Workforce and education will use the enhanced data to create better alignment of program offerings in meeting occupational demands of business through improved program planning Economic developers will have the best current occupational supply/demand data readily available when vying for new businesses interested in re-locating to Florida or current businesses wishing to expand operations Students will benefit from having real time information on which jobs are in demand now and projections of jobs in the future; jobseekers can use the information for re-employment purposes 5

Florida’s Supply/Demand Model The indicators of potential labor supply by occupation are : WIA training enrollees and completers School District postsecondary vocational/technical enrollees and completers Florida College System (formerly Community colleges) enrollees and completers Commission on Independent Education - private education and workforce enrollees and completers Florida Public University graduates Jobseekers with known desired occupations 6

The indicators of occupational demand are: For Short-Term Analysis The Conference Board’s Help Wanted OnLine (HWOL) data series of monthly job ad openings For Long-Term Analysis DEO average annual projected openings by occupation As Informational Monthly job openings from the state’s job bank – Employ Florida MarketPlace (EFM) 7

Other informational data available are: Projected annual average occupational openings including entry, median and experienced wages Current employment levels and projected employment levels 8 years into the future Targeted Occupations List (TOL) indicator 8

The timing for data updates for the Supply/Demand web application are: WIA, Jobseekers - Daily Help Wanted OnLine Job Ads - Monthly Public Education - Annually (Term-by-term beginning in November - 3x year) Private Education - Annually DEO Employment Projections - Annually 9

● Enrollees may or may not complete training ● Completers may already have a job or may have moved out of the geographic area ● Jobseekers may or may not be qualified for the job they are seeking In and out migration of workers/recent grads unknown ● Approximately 1/2 of all jobseekers have their desired occupation identified in the system DATA CAVEATS 10

Job openings only include internet job ad postings (not all jobs are posted on the internet) The job ads have been de-duplicated but some duplicates may still iii exist Time frames for supply and demand data elements differ District and Florida College System enrollees and completers are iii based on supply in the workforce region and are not statewide based University graduates are statewide only and cannot be parsed to II workforce regions; the statewide report does include university III graduates in supply DATA CAVEATS (CONT’D) 11

The Targeted Occupations List (TOL) for is based on long term projections to the year 2019 which assume economic recovery; some of these occupations are still in current decline due to the economic downturn Some occupations are typically hired at specific times of the year, such as teachers, agricultural-related occupations, and others Information may be known at the local level that should be considered when using the occupational supply demand data, such as incoming or expanding firm(s) DATA CAVEATS (CONT’D) 12

OK, let’s move on to the Supply/Demand web portal demonstration … 13

Florida Department of Economic Opportunity Labor Market Statistics Center Caldwell Building MSC G E. Madison Street Tallahassee, Florida Phone (850) Duane Whitfield