The Future of Engineering in Minnesota

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Presentation transcript:

The Future of Engineering in Minnesota Kyle Uphoff 651-296-8713 or 612-821-4072 Regional Analysis & Outreach Unit Minnesota Department of Employment and Economic Development (DEED) www.deed.state.mn.us/lmi Regional Analysis & Outreach Unit Labor Market Information Office

Current Conditions for Engineering Occupations There are about 1,300 engineering and architecture vacancies in Minnesota (4Q 2004)- about 2.5 jobs for every 100 people currently working. Job vacancies are up 44% from Q4, 2003 but this “recovery” has been slow to happen. Vacancies are well below the 2,600 vacancies of Q4, 2000. The number of engineering Unemployment Insurance applicants is down 23 percent from 2 years ago- less competition for existing job openings. Regional Analysis & Outreach Unit Labor Market Information Office

MN Engineering Openings: 2002-2012 What is driving these openings? Regional Analysis & Outreach Unit Labor Market Information Office

Cumulative Job Gains in Manufacturing Since 1991 (Minnesota) Regional Analysis & Outreach Unit Labor Market Information Office

Year of Peak Manufacturing Employment Regional Analysis & Outreach Unit Labor Market Information Office

Labor Availability: Twin Cities Region Regional Analysis & Outreach Unit Labor Market Information Office

Projected Population Distribution: Minnesota, 2000-2030 Regional Analysis & Outreach Unit Labor Market Information Office

Laborforce growth slows dramatically after 2015 Regional Analysis & Outreach Unit Labor Market Information Office

Employment and Innovation Commoditization Maturation or “the Golden Age” Microchips? Computer Mfg? Correction Expansion/ Speculation? IT Services? Inception Nanotech? Biotech? Time Regional Analysis & Outreach Unit Labor Market Information Office

Workforce shortages or skills shortages Skills areas projected to be most utilized by future occupations: Reading Comprehension Speaking Writing Problem Identification Information Gathering Critical Thinking Knowledge areas projected to be most utilized by future occupations: Clerical Mathematics Admin./Management Education/Training English Sales/marketing Economics/accounting Computers/electronics Mechanical Regional Analysis & Outreach Unit Labor Market Information Office

Future Prospects for Local Employers Increasing labor shortage as the economy emerges from the shadow of recession. Wage pressure for skilled workers. Increasing use of technology to increase productivity- capital deepening Greater use of customized training- particularly important for small employers. Increased diversity in the workplace as underutilized pools of labor are sought out Communication Issues Assistive technology and flexible hours etc. Regional Analysis & Outreach Unit Labor Market Information Office

Where can we find this information? www.deed.state.mn.us/lmi Regional Analysis & Outreach Unit Labor Market Information Office