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Labor Market Information All About Jobs Workforce Professional Development Academy Orlando, Florida Bureau of Labor Market Statistics November 2013.

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Presentation on theme: "Labor Market Information All About Jobs Workforce Professional Development Academy Orlando, Florida Bureau of Labor Market Statistics November 2013."— Presentation transcript:

1 Labor Market Information All About Jobs Workforce Professional Development Academy Orlando, Florida Bureau of Labor Market Statistics November 2013

2 1 Labor Market Information (LMI) Mission To Produce, Analyze, and Deliver Labor Statistics to Improve Economic Decision-Making Employment data are the state’s most important economic indicator

3 LMI Statistics Produced/Delivered 2 Labor Force Total Employment Employment by Industry and Occupation Employment Projections by Industry and Occupation (Demand) Unemployment / Unemployment Rates Wage by Industry and Occupation Census

4 LMI Facts 3 Data collected under Federal / State Cooperative Statistical Programs Data comparable nationwide for all counties and metro areas in the nation Data meet stringent probability sampling design statistical methods with required response rates of 75 percent Monthly data released 3 weeks after the reference month

5 How is LMI Collected? 4 Sample-Designed Statistical Surveys from employers Econometric Modeling developed by U.S. Bureau of Labor Statistics Administrative Records from Reemployment Assistance Thanks to employers …. Without them we would not be able to provide data

6 5 Who are the customers of Labor Market Statistics? Workforce / Economic Development Decision-Makers Employers / Job Seekers Education / Welfare Planners Career Counselors / Teachers / Students Economists / Policy Makers Elected Officials Media

7 6 Quarterly Census of Employment and Wages (QCEW)--Produces employment and wages by industry based on all employers covered by Unemployment Insurance Current Employment Statistics (CES)--Produces employment, hours, and earnings by industry based on a sample of employers Occupational Employment Statistics (OES)--Produces employment and wages by occupation based on a sample of employers Local Area Unemployment Statistics (LAUS)--Produces labor force, employment, unemployment, and unemployment rates based on a survey of households and a statistical model Employment Projections--Produces projections of employment by industry and occupation based on a survey of employers and statistical models Workforce Information--Provides statistical services such as publications, websites, training, GIS mapping, economic impact analysis, and customized reports by request Bureau of Labor Market Statistics Programs There are three main activities: data production, data analysis, data delivery

8 Labor Force Conditions October 2013, Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released November 22, 2013. The current unemployment rate of 6.7 percent was down from the recessionary high rate of 11.4 percent reported in 2009-10 Florida’s unemployment rate has been below the national rate since March 2013 Prior to March, Florida’s unemployment rate had been higher or equal to the national rate for 5 years (since February 2008) 7

9 Unemployment Rates, Florida and the United States January 1974 – October 2013, Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released November 22, 2013. 8

10 Florida Unemployment Rates by County October 2013, Not Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released November 22, 2013. 9

11 Unemployment Rates in the Ten Most Populous States Ranked by Unemployment Rate, Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released November 22, 2013. 10

12 Nonagricultural Employment Seasonally Adjusted Florida’s jobs grew in October on an annual basis for the 39 th consecutive month Florida’s job growth rate of 2.5 percent is the fastest rate since June 2006 Florida is still down by 445,800 jobs from the pre-recession peak employment level (March 2007 to October 2013) 11 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released November 22, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

13 Trade, Transportation, and Utilities Gained the Most Jobs Over the Year Florida, October 2012 – October 2013, Seasonally Adjusted 12 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released November 22, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

14 Nonagricultural Employment by Industry Florida, October 2013 (Seasonally Adjusted) 13 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released November 22, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

15 Employment by Industry October 2013, Seasonally Adjusted 14 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released November 22, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

16 Employment in the Ten Most Populous States Ranked by Over-the-Year Level Change, Seasonally Adjusted 15 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released November 22, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

17 Florida Total Nonagricultural Employment January 1974 – October 2013, Seasonally Adjusted 16 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released November 22, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

18 17 Metro Area Nonagricultural Employment Change Over the Year October 2013, Not Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released November 22, 2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

19 Average Annual Wages by Industry Florida, 2012 18 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program. Released October 2013.

20 19 Florida 2012 Final Average Annual Wages Range from $47,777 to $27,700 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Market Statistics, 2012 Wage Data, released October 2013.

21 20 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Market Statistics, 2012 Wage Data, released October 2013. Florida 2012 Final Average Annual Wages Range from $47,777 to $27,700

22 21 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Market Statistics, 2012 Wage Data, released October 2013. Florida 2012 Final Average Annual Wages Range from $47,777 to $27,700

23 22 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Market Statistics, 2012 Wage Data, released October 2013. Florida 2012 Final Average Annual Wages Range from $47,777 to $27,700

24 23 Real-Time LMI Help-Wanted OnLine Occupations In Demand Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

25 24 Real-Time LMI Help-Wanted OnLine Employers With the Most Online Ads Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

26 25 Real-Time LMI Help-Wanted OnLine Labor Supply vs. Labor Demand Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

27 26 Real-Time LMI Help-Wanted OnLine Employment vs. Labor Demand Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

28 Fastest Growing Industries* Florida, Forecast to 2020 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. Released October 2012. 27

29 Industries Gaining the Most New Jobs Florida, Forecast to 2020 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. Released October 2012. 28

30 Fastest-Growing Occupations* Florida, Forecast to 2020 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. Released October 2012. 29

31 Occupations Gaining the Most New Jobs Florida, Forecast to 2020 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. Released October 2012. 30

32 31 Bureau of Labor Market Statistics Products and Services that Support Economic Development Labor supply studies for business recruitment Labor cost analysis for business site selection Skills-matching analysis for reemployment Economic impact analysis for job creation / return on investment GIS maps for business recruitment / economic development Vacancy / hiring needs surveys for reemployment Targeted occupations for reemployment Targeted industry profiles for job creation Employer listings for business recruitment Competitive analysis for prison industry staffing Competitive analysis for federal rural business loans Targeted Employment Areas (TEAs) for foreign investor program Labor shed and Census commuting patterns for job creation Area job market profiles

33 32 Florida LMI Products and Services that Support Economic Development Labor supply studies for business recruitment – Helps with business decisions related to having available workers to hire Expanded occupational supply/demand system – Provides potential indicators of labor supply compared to either long-term or short-term indicators of labor demand Labor cost analysis for business site selection – Provides competitive/prevailing wage data by local area

34 33 Florida LMI Products and Services that Support Economic Development Skills-matching analysis for reemployment – Uses skills-matching information to determine new opportunities for employment Economic impact analysis for job creation / return on investment – Determines the impact using multiplier theory of new jobs in an area GIS maps for business recruitment / economic development – Shows addresses of job seekers searching for the occupations demanded by the employer

35 34 Florida LMI Products and Services that Support Economic Development Vacancy / hiring needs surveys for reemployment – Surveys employers about their unmet hiring needs by occupation Targeted occupations for reemployment – Determines high demand/high wage occupations to meet employer needs Targeted industry profiles for job creation – Provides industry and occupational characteristics of targeted sectors

36 35 Florida LMI Products and Services that Support Economic Development Employer listings for business recruitment – Provides employer names by industry or area based on contractual agreements Competitive analysis for prison industry staffing – Determines if the use of prison workers will negatively impact competing employers Competitive analysis for federal rural business loans – Determines if providing loans may negatively impact competing employers

37 36 Florida LMI Products and Services that Support Economic Development Targeted Employment Areas (TEAs) for foreign investor program (EB-5) – Calculates unemployment rates by census tract to help determine eligibility Census commuting patterns for job creation – Maps where workers live and work between counties Labor Shed Analysis – Provides a flexible tool to understand the local labor market and make informed expansion and site selection decisions

38 37 Detail on Labor Supply Studies for Business Recruitment Labor supply for business recruitment and job creation –Use O*Net for related occupations –Collect: Those currently working Those seeking work Those recently trained

39 38 Detail on Labor Supply Studies for Business Recruitment Labor supply for business recruitment and job creation Determine occupational titles that the business prospect is seeking to hire Take those occupations and use O*Net to enlarge the list to include occupations with transferable skills Collect occupational data below to reflect potential labor supply for the business prospect using the enlarged list —Include occupational employment of those currently working in the geographic area that the prospect is considering —Include number of enrollees, completers, and graduates of programs matched with the occupations needed by the business prospect —Include number of job seekers looking for work in the occupations needed by the business prospect Add together all sources of potential labor supply to be provided to the site consultant or business prospect

40 39 Detail on Florida’s Occupational S/D System Florida applied for and won a competitive grant from the U.S. Department of Labor; Workforce Data Quality Initiative for $1 million (2010-2013) The grant is funding the new Occupational Supply/Demand System (S/D) which will be the most comprehensive and timely system available in the nation The S/D system is designed to improve education and training alignment to better meet the hiring needs of business The S/D system is designed for business, workforce, education, economic development, job seekers, and students The data are by statewide and region and will be web based

41 40 Florida’s Supply/Demand System The indicators of Potential Labor Supply by occupation are: – Workforce, public and private postsecondary education (enrollees and completers by occupation) – Job seekers registered at career one-stop centers The indicators for Labor Demand are: – The Conference Board’s Help Wanted OnLine (HWOL) data series of monthly job ad openings by occupation (for short-term analysis) – DEO LMS average annual projected openings by occupation (for long- term analysis) Other Information: – Current employment, wages, and education required by occupation

42 41 How will the data be used to help Florida and the economy? Workforce and education will use the data to create better alignment of education and training offerings in meeting occupational demands of business Economic developers will have the most comprehensive and timely occupational S/D data readily available to support business recruitment in their analysis of available labor supply Students will benefit from having real time information on jobs in demand now and in the future; jobseekers can use the information for re-employment purposes

43 Occupation Total Supply Short Term Demand Ratio of Supply to Demand Supply Gap or Overage CURR YR EMP ENTRY WAGEMEDIAN WAGEEXP WAGE FL EDUC LEV * First-Line Supervisors of Food Preparation and Serving Workers** 4,1017,7620.53-3,66142,240$11.24$15.67$19.173 Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 1,5194,1330.37-2,61480,117$14.07$23.19$35.063 First-Line Supervisors of Retail Sales Workers** 4,9497,4310.67-2,48295,834$12.82$18.66$25.223 Insurance Sales Agents 1,4753,5280.42-2,05348,536$14.49$21.52$37.043 Web Developers 1,2153,2540.37-2,039N/R 3 Securities, Commodities, and Financial Services Sales Agents 9762,7960.35-1,82018,321$17.57$30.38$52.705 Occupational Therapists 3221,8910.17-1,5696,288$23.47$36.32$41.636 Physical Therapists 5732,0950.27-1,52212,284$28.11$37.93$44.136 First-Line Supervisors of Non-Retail Sales Workers 6151,7550.35-1,14029,864$23.10$35.71$52.954 First-Line Supervisors of Construction Trades and Extraction Workers*** 1,0062,0360.49-1,03043,995$19.02$27.18$33.724 First-Line Supervisors of Mechanics, Installers, and Repairers** 9111,7820.51-87121,153$19.18$27.87$33.513 Industrial Engineers 3331,0370.32-7049,356$21.08$32.51$39.585 Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products 1,3321,9950.67-66330,516$20.24$32.51$47.413 Speech-Language Pathologists 5161,1050.47-5895,972$23.35$32.93$38.776 Physician Assistants 1857680.24-5834,061$30.84$42.09$48.545 Florida Occupational Supply/Demand System – TOP 15 STATEWIDE JOBS IN UNDERSUPPLY * FL EDUCATION LEVELS 1 = < Than HS 2= High School 3=1 YR certificate 4= College Credit 5=Bachelor’s Degree 6=Master’s and Higher Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, November 2013

44 Internet based FAQs – http://www.whatpeopleareasking.com  Businesses / Employers What is the size of the labor force in my area? What types of industries are in my area? What types of companies are expected to grow in my area? What are the hot jobs in my area? What do jobs pay in my area? What kind of skills, knowledge, and experience do jobs require? How many job seekers are available by occupation? Where do I go to hire available workers?  Job Seekers What are the hot jobs? What do hot jobs pay? What kind of skills, knowledge, and experience do I need for the hot jobs? Who trains for the hot jobs? What companies employ the hot jobs? What kind of skills, knowledge, and experience do I need for jobs? What jobs use my skills? Where can I find a job? What jobs are available now? Where can I find training assistance? 43

45 Site Selection Factors for Job Creation  Data available from Labor Market Statistics Source: Area Development Site and Facility Planning, 2012 Corporate Survey. 1. Labor costs13T. Environmental regulations 2. Highway accessibility15. Expedited or “fast-track” permitting 3. Availability of skilled labor16. Inbound/outbound shipping costs 4. Availability of advanced ICT services17. Availability of long-term financing 5. Occupancy or construction costs18. Available land 6. Energy availability and costs19. Proximity to suppliers 7. Corporate tax rate20. Training programs 8. Available buildings21. Accessibility to major airport 9. Tax exemptions22. Proximity to technical/training 10. Low union profile23. Raw materials availability 11. Right-to-work state24. Railroad service 12. Proximity to major markets25. Availability of unskilled labor 13. State and local incentives26. Waterway or oceanport accessibility         44

46 Executive Summary of Reemployment Workshop 1.Determine occupations on layoff 2.Determine related occupations 3.Determine industries that hire those occupations 4.Determine which industries are growing/hiring workers 5.Select employers 6.Market jobseekers to employers 45

47 46 Other LMI Services Targeted jobs for training program design for reemployment – Workforce Estimating Conference Demand-driven based on state law Local input Funding allocations Localized labor market overviews / presentations for job creation and reemployment One-Stop Career Center LMI training for reemployment

48 47 Other LMI Services Training for career counselors and teachers for career planning and reemployment Monthly employment press releases for media relations Real-time LMI -- Help Wanted OnLine (HWOL) for jobs in demand TORQ (Transferable Occupation Relationship Quotient) for skills matching and skills gap analysis

49 48 LMI Electronic Tools LMS Website http://www.floridajobs.org http://www.floridajobs.org FREIDA (Florida Research and Economic Information Database Application) http://www.freida.labormarketinfo.com/ http://www.freida.labormarketinfo.com/ Floridawages.com http://www.floridawages.com http://www.floridawages.com WPAA (What People are Asking) http://www.whatpeopleareasking.com http://www.whatpeopleareasking.com

50 49 LMI Electronic Tools LED (Local Employment Dynamics) http://www.labordynamics.com http://www.labordynamics.com O*Net (Skills Analysis/Related Occupations) http://www.online.onetcenter.org http://www.online.onetcenter.org TORQ (Transferable Occupation Relationship Quotient) http://www.torqlab.com http://www.torqlab.com HWOL (Help Wanted OnLine) Data Series http://www.wantedanalytics.com http://www.wantedanalytics.com

51 50 Publications / Posters For Career Development / Job Search / Business Recruitment/Job Creation/Reemployment Product Guide Wage Tables (online only) Employment Forecasts (online only) Labor Market Trends (online only) Occupational Highlights Occupational Profiles Career Posters Wage Conversion Posters Jobs Online Posters Career Comic Books / Posters

52 51 Note: Data are displayed by Census 2010 block groups from block level data. Source: U.S. Department of Commerce, Census Bureau, Longitudinal Employer-Household Dynamics (LEHD), 2011 Origin Destination Data – All Jobs. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, July 2013.

53 52 Note: Data are displayed by Census 2010 block groups from block level data. Source: U.S. Department of Commerce, Census Bureau, Longitudinal Employer-Household Dynamics (LEHD), 2011 Origin Destination Data – All Jobs. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, July 2013.

54 Density of Job Seekers in Workforce Region 12 53 Note: Density calculations create a realistic interpretation of values displaying the predicted distribution of the data over a continuous surface. Job seekers include individuals registered in Employ Florida Marketplace (EFM) between 09/01/2012 and 02/28/2013. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, April 2013.

55 54

56 Potential Employees in Aircraft Manufacturing 55

57 Location of Firms in Aviation and Aerospace 56

58 57

59 58

60 Unemployment Rate (Percent) Median Earnings (Dollars) Master’s degree Bachelor’s degree Associate degree Some college, no degree High-school graduate Some high-school, no diploma 59 Professional degree Doctoral degree Notes: Unemployment and earnings for workers 25 and older; earnings for full-time wage and salary workers. 2012 Weekly Median Earnings (multiplied by 52 weeks). Source: Bureau of Labor Statistics, Current Population Survey, January 2013. Education and Training pay … 2012 Annual Average

61 Florida Department of Economic Opportunity Bureau of Labor Market Statistics Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida 32399-4111 Phone (850) 245-7257 Rebecca Rust rebecca.rust@deo.myflorida.com http://www.floridajobs.org http://www.freida.labormarketinfo.com http://www.floridawages.com http://www.whatpeopleareasking.com 60


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