Arizona Labor Market Information ( L M I ) Labor Market Information Office of Employment and Population Statistics Arizona Department of Administration.
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Presentation on theme: "Arizona Labor Market Information ( L M I ) Labor Market Information Office of Employment and Population Statistics Arizona Department of Administration."— Presentation transcript:
Labor Market Information Office of Employment and Population Statistics Arizona Department of Administration www.azstats.gov Arizona Workforce Informer
Agenda 1. Who we are and what we do 2.Audience questions and comments: –Before, during, and after –Email or phone for later questions 3.Background: Why, What, & Where of Labor Market Information 4.Basic Terminology 5.Brief Industry Overview 6.Brief Occupation Overview –Employment –Wages
People are more than statistics SO What? What are the practical applications? What can I use? People are more than statistics
Labor Market Information -- SO WHAT! 1.Two words : INFORMED DECISIONS 2.A person (yourself, client, student, relative, friend) invests time, effort, dreams, money, & plans for a career -- only to find later that there is not a good market for the occupation. 3.THAT’S A BIG SO WHAT! 4.Career Advice – We have all heard “Do what you love” – good advice... 5.But make sure there is a market for it. That’s where Labor Market Information comes in.
But, IS LMI TMI? Or TMA? 1.Acronyms –T–TMA, LAUS, CES, QCEW, OES, TERM, PEBKAC 2.Key – Different User groups –J–Job Seekers, Students, Parents, General Public –O–One Stop Front Line Staff, Employment Specialists, Job Developers, Counselors, Teachers –L–Labor Market Analysts, Researchers, Economists –D–Decision makers in Education, Business, & Government; Economic Developers, Policy Makers
Different data sources & uses 1.Monthly survey of businesses – estimate of employment by industry 2.Monthly survey of households – estimates of unemployed & employed – unemployment rate LINK LINK 3.Quarterly count of employment & wages from LINK Unemployment Insurance reports (up to 98% of employers)LINK 4.Annual survey of occupational wages & employment LINK LINK 5.Forecasts of Industries & Occupations LINK LINK 6.Census & Population estimates & forecasts LINK LINK
How Occupations & Industries are Defined & Organized 1.Occupation (describes what a worker does) –Standard Occupation Classification (SOC) –Six digit occupation code (O*NET has eight) –The more digits, the more detail (hierarchal) 2.Industry (describes what the business does) –North American Industry Classification System (NAICS) –Six digit industry code –The more digits, the more detail (hierarchal)
SOC Occupational Hierarchy example 31-0000Healthcare Support Occupations 31-1000Nursing, Psychiatric, & Home Health Aides 31-1011Home Health Aides 31-1012Nursing Aides, Orderlies, & Attendants 31-1013Psychiatric Aides 31-2000Occupational & Physical Therapist Assistants & Aides 31-2011Occupational Therapist Assistants 31-2012Occupational Therapist Aides 31-2021Physical Therapist Assistants 31-2022Physical Therapist Aides 31-9000Other Healthcare Support Occupations 31-9011Massage Therapists 31-9091Dental Assistants 31-9092Medical Assistants 31-9093Medical Equipment Preparers 31-9094Medical Transcriptionists 31-9095Pharmacy Aides 31-9096Veterinary Assistants & Laboratory Animal Caretakers 31-9099Healthcare Support Workers, All Other
NAICS Industry Hierarchy example 62Health Care & Social Assistance 621 Ambulatory Health Care Services 6211 Offices of Physicians 62111 Offices of Physicians 621111 Offices of Physicians (except Mental Health Specialists) 621112 Offices of Physicians, Mental Health Specialists 6212 Offices of Dentists 62121 Offices of Dentists 621210 Offices of Dentists 6213 Offices of Other Health Practitioners 62131 Offices of Chiropractors 621310 Offices of Chiropractors 62132 Offices of Optometrists 621320 Offices of Optometrists 62133 Offices of Mental Health Practitioners (except Physicians) 621330 Offices of Mental Health Practitioners (except Physicians) 62134 Offices of Physical, Occupational & Speech Therapists, & Audiologists 621340 Offices of Physical, Occupational & Speech Therapists, & Audiologists 62139 Offices of All Other Health Practitioners
624Social Assistance 6241Individual & Family Services 62411Child & Youth Services 624110Child & Youth Services 62412Services for the Elderly & Persons with Disabilities 624120Services for the Elderly & Persons with Disabilities 62419Other Individual & Family Services 624190Other Individual & Family Services 6242Community Food & Housing, & Emergency & Other Relief Services 62421Community Food Services 624210Community Food Services 62422Community Housing Services 624221Temporary Shelters 624229Other Community Housing Services 62423Emergency & Other Relief Services 624230Emergency & Other Relief Services 6243Vocational Rehabilitation Services 62431Vocational Rehabilitation Services 624310Vocational Rehabilitation Services 6244Child Day Care Services 62441Child Day Care Services 624410Child Day Care Services NAICS Industry Hierarchy example
Two main format options for Labor Market data on the Workforce Informer website 1.“Ready made” tables and publications 2.Dynamic, interactive data tables from online database queries
How can Labor Market Statistics help with Performance Goals and Planning? (help people) Goal: Training and placing people in high demand occupations 1 st Step: Identify the high demand occupations in the local job market
Demand Occupations Fast Growing? Most Job Openings? High Paying? High Skill? Low Turnover? Training/Education Requirements? How can we identify high demand occupations?
Sample Comparisons of Arizona Occupations (see handouts 2, 3, & 4) Short sample lists of occupations ranked high to low based on: –G–Growth rate (handout #2) –J–Job openings (handout #3) –W–Wage (handout #4) Ranking allows for easier comparisons –M–Many fast growing occupations do not have the most job openings –O–Occupations with the most openings are not necessarily high paying –E–Education & training requirements can limit choices Can we combine this in one report instead of three?
YES! – –Percentage growth rates –Number of projected openings –Average Wages –O*NET Skills –Turnover Ratios (Growth/Separations) –Education/ Training Level Requirements –All in one report! T raining & E ducation R esource M odel T E R M -- ranks occupations by:
Fast Growing Most Job Openings High Pay TERM diagram: High Skill Low Turnover Training/ Education Top TERM Occupations Handout #5
Sample Options & Scenarios 3 examples “All” occupations listing (Handout #5) (notes #6)#5notes #6 –No restrictions on training & education requirementstraining & education requirements –10 year employment forecast (2008 - 2018) Top Associates Degree Occupations (Handout #7)#7 –Limited to Associates Degree occupations –10 year employment forecast (2008-2018) Top “On the Job Training” Occupations (Handout #8)#8 –Limited to “OJT” occupations –10 year employment forecast (2008-2018)
Occupation Wage by Industry Mean = Average Industry=Employer Occupation=Employee Occupation Wages by Industry 10th%ile = Bottom 10 percent make this amount or less Median = Middle 90th%ile=Top 10 percent make this amount or more