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Economy Workforce Trends

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Presentation on theme: "Economy Workforce Trends"— Presentation transcript:

1 Economy Workforce Trends
Presented to Strategic Planning Team September 21, 2007 by Bob Bendotti, Lori Espinoza, Patti Marsh Mary Lou Mosley & Laurel Smith

2 C. Information Technology D. Education E. Public Safety
I. Industry Sectors - Center for Workforce Development A. Health Services B. Business Services C. Information Technology D. Education E. Public Safety

3 I. Industry Sectors A. Health Services
• The nursing shortage in Arizona continues to be worse than in most other states and will be long-term. • Over 1/2 of the fastest growing occupations nationwide in the next decade will be in the health services sector. • The elderly population will grow faster than the total population between 2000 and 2010 increasing the demand for health services.

4 I. Industry Sectors B. Business Services
• Between 2001 and 2005 the total employment in the Greater Phoenix area increased 11%. - Management consulting increased 50% - Commercial banks increased 37% - Consumer lending - 43% - Investment advising - 41% - Legal services - 16% • Business Services occupations often require specialized training, certification, or licensing.

5 I. Industry Sectors C. Information Technology
• Demand for IT services occupations in Greater Phoenix are expected to increase in the coming years. • Between 2003 & 2013 employment in Greater Phoenix is projected to grow for occupations, such as network systems and data communications analysts %, etc. • In the greater Phoenix region, the majority of IT services firms are small to medium in size. Approximately 83% of firms employ fewer than 50 workers, but these firms account for only 21% of employment. Larger firms with 50 or more workers, comprise the balance of employment in the industry sector.

6 I. Industry Sectors D. Education
• Compared to current employment levels between 2003 & 2013, the AZ Dept. of Economic Security expects the Greater Phoenix region to need: - 33% more pre-school teachers - 41% more kindergarten teachers - 29% more elementary school teachers - 22% more middle school teachers - 32% more secondary school teachers - Over 43% more special education teachers at all K-12 levels

7 I. Industry Sectors E. Public Safety
• The region’s fast population growth will require large numbers of additional public safety workers in the years to come. • Compared to current levels, between 2003 & 2013 the AZ Dept. of Economic Security expects the Greater Phoenix region to need: - 52% more emergency medical technicians - 43% more correctional officers - 37% more police & sheriff’s officers - 36% more detectives & criminal investigators - 33% more fire fighters - 31% more forensic science technicians - 28% more supervisors & managers for all of these professions

8 II. Broad Base Trends in Employment
A. Employment Trends - Relationship Between Educational Attainment & Earnings • College Education Boosts Paychecks/Annual Pay - High School graduates can boost their average annual pay by 1/3 by spend a year in college to earn an occupational certificate or two years to get an associate degree. • College Education Employment Rate - Employment rate for AZ grads with a year or two of college is higher: 75% compared with 63% for those who finished only high school.

9 II. Broad Base Trends in Employment
A. Employment Trends - Increasing Attainment Requirement For Entry & Advancement • An Associate or bachelor’s degree is the most significant source of postsecondary education or training for 6 of the fastest growing occupations. • Short-term on-the-job training is the most significant source of postsecondary education or training for 5 of the occupations with the largest job growth.

10 II. Broad Base Trends in Employment
A. Employment Trends - Aging - The labor force will continue to age, with the number of workers in the 55-and-older group projected to grow by %. - Youths - those between 16 & 24 will decline in numbers and lose share of labor force, from 15.1% in 2004 to 13.7% in - The Greater Phoenix metropolitan area workforce is currently the third youngest nation-wide.

11 II. Broad Base Trends in Employment
A. Employment Trends - The Hispanic Population • 2006 Census report shows that the Hispanic population continues to trail the overall U.S. population, both in educational attainment and earnings. • 2006 U.S. census reports that Hispanics 15 years and older are less likely to earn a baccalaureate degree than Non-Hispanic whites. • Non-Hispanic whites out earn Hispanics at every educational achievement level with the exception of the doctoral degree. - By 2014 the Hispanic labor force is expected to reach 25.8 million, due to faster population growth resulting from a younger population, higher fertility rates and increased immigration levels.

12 Broad Base Trends in Employment
B. Employment Trends • In 2007, Greater Phoenix is anticipated to be in the top Metropolitan areas in terms of major market growth Nearly 60,000 jobs are expected to be created. • 9 of the 10 fastest growing occupations are health or computer information technology occupations. • From a workforce standpoint, the Greater Phoenix metropolitan area is projected to continue to grow by 70% by 2030 and is currently the 3rd youngest metropolitan region nationwide (of populations 2 million or more) • This could be opening opportunities for people to return to school, change of career path, or finally get that unfinished degree.

13 III. Broad Base Trends in Economics
B. Economic Trends • Gap Between “Haves and Have Nots” - The gap between rich and poor is widening faster in Arizona than any other state, and Arizona ranks 4th for the size of the disparity. - By being affordable, MCCCD can be accessible to 20% of poorest communities - Scholarships - special funds made available.

14 III. Broad Base Trends in Economics
B. Economic Trends • Downturn in Housing Market While Commercial Real Estate Grows - Sales of the residential market has hit an all time low.

15 III. Broad Base Trends in Economics
B. Economic Trends • Impact of Immigration Policy in Workforce • 3+1 and 2+2 Educational Partnerships • Competition Between Educational Providers • Involving Sectors Requiring “Intellectual Capital” • Local, Regional & International


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