Veterans Employment Situation in Maine

Slides:

Advertisements

Similar presentations

Maines Colleges & Universities Meeting the Needs of Maine People.

Advertisements

To Improve the Lives of Working Families… Building Power to Transform the Labor Market NAACP National Convention Steven C. Pitts, Ph.D. UC Berkeley Labor.

Demographics And Higher Education In Minnesota Presentation to Citizens League Tom Gillaspy, State Demographer Mn Dept of Administration May 2004.

Workforce conditions & growth forecast issues Presented to the Consensus Economic Forecasting Commission October 25, 2013 Glenn Mills Chief Economist Center.

The Demographics of Employment, Unemployment and Labor Force Participation in Maine Educational attainment, age, gender, industry & occupation Glenn Mills.

Maine workforce conditions through September 2012 Presented to the Consensus Economic Forecasting Commission October 25, 2012 Glenn Mills Chief Economist.

Trends in the Maine Labor Market

JOBS IN MAINE: CONDITIONS & OUTLOOK Labor Market Information and Online Resources Maine Career Development Association Annual Conference June 6, 2014 Ruth.

Maine Workforce Conditions & Outlook Presented to the Joint Standing Committee on Labor, Commerce, Research, and Economic Development January 29, 2013.

Workforce Conditions in Maine.

Equity in VET: Participation, Achievement and Transitions Sheldon Rothman Principal Research Fellow.

Job Growth Outlook Presented to the Consensus Economic Forecasting Commission March 30, 2015 Glenn Mills Chief Economist Center for Workforce Research.

Situation of the Hungarian labour market Mariann Rigó Ministry of Finance, Hungary Economic Research Division Department of Economic Policy.

Workforce conditions in Maine Presented to the Consensus Economic Forecasting Commission March 26, 2013 Glenn Mills Chief Economist Center for Workforce.

Discussion of Entitlements and Population Aging: Crisis, Problem, or Opportunity by Henry Aaron David Wise ShovenFest 6-7 June 2012.

Workforce conditions & outlook Presented to the Consensus Economic Forecasting Commission January 30, 2014 Glenn Mills Chief Economist Center for Workforce.

Maine Workforce Conditions and Outlook Presented to the Mid-Maine Chamber of Commerce January 10, 2013 Glenn Mills Chief Economist Center for Workforce.

Business Cycle, Unemployment and inflation

Presentation to: Abu Dhabi – NYU Workshop By: Nadereh Chamlou, Senior Advisor, MNA, The World Bank Silvia Muzi, The World Bank Hanane Ahmed, The World.

Ken Jacobs UC Berkeley Center for Labor Research and Education February 2012 Retirement Age and Inequality.

Oct 26, 2009 Unemployment A. Definition and Measurement B. Trends C. Causes D. Policies Cool graphic here:

Antipoverty Effectiveness of Social Insurance Programs Today’s Reading Schiller Ch. 13-Social Insurance Programs DeParle, Ch. 18: A Shot at the American.

1 Chapter 12 Practice Quiz Tutorial Business Cycles and Unemployment ©2004 South-Western.

UNEMPLOYMENT. Definiton  The official unemployment rate is defined as the number of unemployed persons divided by the total labor force (the sum of unemployed.

The Economic, Social, Civic and Fiscal Consequences of Dropping Out of High School: Findings for Connecticut Adults in the 21 st Century Andrew Sum Center.

C h a p t e r eight © 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien—1 st ed. Prepared by: Fernando & Yvonn.

Social Security: Its Role in Retirement Planning William J. Arnone Ernst & Young LLP National Academy of Social Insurance September 2007.

To navigate, please click the appropriate green buttons. (Do not use the arrows on your keyboard) Worked Out Problems Slides Created By Dr. John Dawson.

Eric Swanson Global Monitoring and WDI Development Data Group The World Bank.

Robert L. Clark North Carolina State University. Retirement Transitions: Challenges, Anomalies, and Solutions Demographic Realities Career Jobs, Mandatory.

Dr. Elena Klaw Psych 190: Warriors at Home.  Risk factors for homelessness in vets  Rates of homelessness  Addressing risk factors.

Glenn Mills Chief Economist Center for Workforce Research Maine Dept. of Labor May 7, 2013 Workforce Conditions for.

Antipoverty Effectiveness of Social Insurance Programs Lecture 21.

The Perfect Storm Community Service Council of Greater Tulsa - October 2007.

The Long Term Labor Market and Fiscal Consequences of Dropping Out of High School in Pennsylvania Paul E. Harrington Center for Labor Market Studies Northeastern.

The Net Impact Initiative Pilot Evaluation Findings Spring 2015 See presenter notes for annotations.

LABOR MARKET INDICATORS  Current Population Survey Every month, 1,600 interviewers working on a joint project of the Bureau of Labor Statistics (BLS)

Module 12 Mar  Defining and Measuring Unemployment ◦ Employed – you have a job ◦ People not considered – retired, disabled, institutionalized,

A presentation for the Women’s Institute for a Secure Retirement February 28, 2008 Barbara D. Bovbjerg Director Education, Workforce, and Income Security.

1 Time spent with family during a typical workday, 1986 to Top Employer Summit March 2007 Rosemary Bender, Statistics Canada.

Demographic Change and the Workplace Demography is Destiny, Open Classroom Northeastern University, School of Public Policy and Urban Affairs February.

Chapter Unemployment 15. Unemployment “Natural rate” of unemployment – amount of unemployment that the economy “normally” experiences Average or trend.

The Economic Challenges Confronting Low-Skilled Older Workers Richard W. Johnson Urban Institute May 14, 2009.

North Star Summit Susan Brower, MN State Demographer December 2014.

Antipoverty Effectiveness of Social Insurance Programs Today’s Reading Schiller Ch. 13-Social Insurance Programs DeParle, Ch. 18: A Shot at the American.

CHAPTER 13 Economic Challenges

Labor Market Information Office Minnesota’s Labor Markets: What’s in Store? Steve Hine Research Director Labor Market Information.

Labor Market Information on Unemployment in Pennsylvania Tim McElhinny James Martini Center for Workforce Information & Analysis.

 Group of Seven (G7 ): This is an international organization officially established in 1985 to facilitate economic cooperation among the world's largest.

The Great Recession and Poverty January 19, 2012 DHS Office of Forecasting, Research & Analysis 1 Suzanne Porter Oregon Department Of Human Services Office.

Transform 2010 P reparing Minnesota for the Age Wave Overlooked & Underserved: The Crisis Facing America’s Older Workers Mary Olsen Baker Transform 2010,

Tightening Labor Market Consensus Economic Forecasting Commission October 26, 2015 Glenn Mills Chief Economist Center for Workforce Research Maine Dept.

Prepared by the Community Service Council of Greater Tulsa.

Family Demography How do demographic characteristics affect life chances? w/statistical-abstract-us.html.

Population Dilemmas in Europe. The Geographic Setting One of the smallest continents in size 1/8 th of the population lives there Population Density is.

Workforce Forecast to 2024 & Recent Trends Consensus Economic Forecasting Commission January 29, 2016 Glenn Mills Chief Economist Center for Workforce.

Youth Unemployment in Europe Manuela Pignata Index 

Community Foundation of Collier County Our Mission: To improve the quality of life in Collier County by connecting donors to community needs and providing.

The Human Population and Its Impact Chapter What Factors Influence the Size of the Human Population?  Concept 6-2A Population size increases because.

Effective Retirement Age in 2015 Jari Kannisto Development Manager 11 Feb

Roundtable on Women and the Economy February 9, 2011 Immigrant Women in the United States Cynthia Hess Institute for Women’s Policy Research

Chapter Unemployment 15. Identifying Unemployment How is unemployment measured? Employed – People who work Unemployed – Not employed Want to work Looking.

European Commission Directorate-General for Employment, Social Affairs and Inclusion Youth employment trends in the EU June 2011 Christiane Westphal Policy.

Tennessee Business and Economic Outlook Figures Spring 2016.

CONTEMPORARY ECONOMICS

MODULE 12 The Meaning and Calculation of Unemployment

Workforce Conditions for Veterans in Maine

Unemployment Rate Measuring the Workforce

The Labor Force: Definitions and Trends

Population and Labor Force

Presentation transcript:

Veterans Employment Situation in Maine Glenn Mills Director of Economic Research Center for Workforce Research & Information Maine Dept. of Labor glenn.mills@maine.gov 207-621-5192 July 19, 2011

Unemployment rates provide a limited perspective Unemployment rates provide a limited perspective. Without understanding what’s below the hood we could draw incorrect conclusions. Furthermore, the sample on which these estimates is drawn is small. The rate for veterans is not statistically different from nonvets.

High unemployment rates for Gulf II vets reflect that many are young males who left the labor force and came back to a poor hiring environment. Lower rates for Gulf I to WWII reflect their more advanced age.

Which statement is most correct about veterans unemployment rates Which statement is most correct about veterans unemployment rates? • Good indicator of workforce conditions for most veterans. • Poor indicator of workforce conditions for most veterans. • Averages sometimes lump unlike groups together. Some groups of veterans face very different circumstances than others. These things matter because unemployment rates vary by gender and age. Many disabled are not in the labor force.

Several factors to consider when comparing unemployment rates of veterans and nonveterans. Veterans are: • Mostly male (94%) • Older than the general adult population –Vets: 40% age 65+; 66% age 55+ –Nonvets: 17% age 65+; 33% age 55+ • More likely to have a disability that prevents them from working. –Those not looking for work are not unemployed These things matter because unemployment rates vary by gender and age. Many disabled are not in the labor force.

Unemployment rates are not only higher among men than women, but they increase much more during and shortly after recessions (Maine annual averages)

Most vets are in their low unemployment years.

The declines in LFP reflect a combination of older veterans aging to retirement, younger veterans too disabled to work, and young veterans enrolling in college.

Based on demographic trends, it is likely veterans labor force participation rates will continue to decline as older veterans retire. Unemployment rates for veterans are likely to remain higher than for nonveterans for several years because young men will comprise a rising share of the veterans labor force. Many disabled veterans are not in the labor force. Official unemployment rates only include those actively engaged in work search.