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Florida Labor Market Conditions

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Presentation on theme: "Florida Labor Market Conditions"— Presentation transcript:

1 Florida Labor Market Conditions
Cynthia R. Lorenzo Director Agency for Workforce Innovation November 2009

2 Labor Force Conditions
Seasonally Adjusted September 2009 The unemployment rate in the state is higher than the U.S. rate Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released October 16, 2009.

3 Florida Unemployment Rates by County
September 2009, Not Seasonally Adjusted . Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, released October 16, 2009.

4 Unemployment Rates Florida and United States January 1974 – September 2009 Seasonally Adjusted
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released October 16, 2009.

5 Unemployment Rates in the Ten Most Populous States Seasonally Adjusted September 2009
P = Preliminary Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center and the U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program, released October 16, 2009

6 Florida Unemployment Rate by Age 2008
Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Population Survey, 2008

7 Florida Unemployment Rate Economic Estimating Conference Forecast
Forecasted to peak at 11.4 percent in 2010 Q2 Forecasted to remain above 6 percent through 2018/2019 Forecast Source: Florida Economic Estimating Conference, November 3, 2009.

8 Nonagricultural Employment
Seasonally Adjusted Florida’s rate of job decline is steeper than the national rate Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released October 16, 2009.

9 Education and Health Services is the Only Major Industry Gaining Jobs Over the Year in Florida (Seasonally Adjusted) September 2008 – September 2009 Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released October 16, 2009.

10 Nonagricultural Employment by Industry September 2009 (Seasonally Adjusted)
Florida Note: Percents may not add to due to rounding Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released October 16, 2009.

11 Employment by Industry Florida September 2009 (Seasonally Adjusted)
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released October 16, 2009.

12 Employment in the Ten Most Populous States September 2009 Seasonally Adjusted
P = Preliminary Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center and the U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released October 16, 2009.

13 Nonagricultural Employment Growth Rates Florida and United States January 1974 – September 2009 Not Seasonally Adjusted Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released October 16, 2009.

14 Employment by Industry Supersector Workers Aged 55 and over Florida, Third Quarter 2008
Source: U.S. Census Bureau, Local Employment Dynamics Program, Quarterly Workforce Indicators, 2008 Q3

15 Florida industry sectors with more than
20 percent of total workers aged 55 and older Source: U.S. Census Bureau, Local Employment Dynamics Program, Quarterly Workforce Indicators, 2008 Q3

16 Percent of Older Worker Employment by County
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center in cooperation with the U.S. Census Bureau, Local Employment Dynamics, 2008Q4, Age Group 55+, September 2009.

17 Florida Nonagricultural Employment
Economic Estimating Conference Forecast Florida is expected to remain in a downturn during 2009 and to start improving in 2010 Q2 with slower than average growth The job growth rate is forecasted to turn positive by 2010 Q2 at 1.9 percent Forecast Source: Florida Economic Estimating Conference, November 3, 2009.

18 Education and Training pay …
Unemployment Rate (Percent) Median Earnings (Dollars) Doctoral degree Professional degree Master’s degree Bachelor’s degree Associate degree Some college, no degree High-school graduate Some high-school, no diploma Notes: Unemployment and earnings for workers 25 and older, by educational attainment; earnings for full-time wage and salary workers. Sources: Unemployment rate, 2008 annual average: U.S. Bureau of Labor Statistics; 2008 Weekly Median Earnings (multiplied by 52 weeks), U. S. Bureau of the Census.

19 Agency for Workforce Innovation Labor Market Statistics Center
Florida Agency for Workforce Innovation Labor Market Statistics Center Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida Phone (850) Rebecca Rust fred.labormarketinfo.com


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