1. Ms. Lorraine Okada Executive Manager, Carlsmith Ball, LLP

2. Labor Issues in the New Economy

3. The New Economy Visitor Industry Federal / Military Construction Industry Service Industry Technology Migrant Workers Global Competition World Wide Web Digital Economy Sustainable Economy

4. Visitor Industry

5. Arrivals from Russia 448.3%. Arrivals from China increased by 32.4 % GVB forecast 8 to 10 % increase in total visitor arrivals

6. Labor Market Employment Trends Unemployment Trends

7. Employment Projections

8. Employment Trend 2011 1992 2010

9. Unemployment Trend 2000 2001 2011 2009 2007 2006 2005 2004 2002

10. Economic Uncertainty UNCERTAINTY ABOUT BUILD-UP GUAM JOB COUNT DOWN, UNEMPLOYMENT UP GUAM TOURISM DOWN, BUT SOME MARKETS GROWING JAPAN IS GETTING BACK ON THEIR FEET FASTER THAN WE IMAGINED

11. Workforce Challenges Unemployment Education Skills Work Values Brain Drain Pay Equity Migrant Workers Diversity Technology Digital Divide Social Media World Wide Web

12. Opportunities Education = Employment = Economic Opportunities Workforce Development Partnerships: Private and Public NDAA: Hire Local and the Region Entrepreneurs are surging Build a strong regional workforce = strong regional economy

13. Workforce Development Resources Career & Technical Education Programs Workforce Investment Act - AHRD Scholarship Programs Manpower Development Apprenticeship Programs Guam Trades Academy Guam Community College University of Guam