Workforce Professionals Training Academy Orlando, Florida Labor Market Information Tools

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

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

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

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

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

LMI TOOLS Labor Market Information Online Websites and Web Applications

Websites: Labor Market Statistics (LMS) Occupational Information Network (O*NET) Web Applications: Florida Research and Economic Data Base (FRED) Florida Occupational Employment and Wages (Florida Wages) What People Are Asking (WPAA) Local Employment Dynamics/Quarterly Work Indicators (LED/QWI) Florida’s Career Information Delivery System (CHOICES) Transferable Occupation Relation Quotient (TORQ) Help Wanted OnLine (HWOL) Data Series Labor Market Information Online Tools 8

Allows users to view or download Florida’s labor market data and products online in complete report formats. LMS Home Page: information information Labor Market Statistics (LMS) Website 9

Provides comprehensive information on key attributes and characteristics of workers and occupations. O*NET Home Page: Occupational Information Network (O*NET) 10

Provides comprehensive economic and labor market information based on easy to use customer-defined data queries. FRED Home Page: Florida Research and Economic Database (FRED) 11

Florida Research and Economic Database (FRED) cont’d FRED – Florida Research and Economic Database – Internet-based labor market and economic data base for analysts, businesses, and jobseekers – Designed to View current and historical data – Ability to Create, view, export, and print your own tables and profiles by area, industry, or occupation Customize your own regions, graphs, maps 12

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Provides detailed occupational employment and wage information based on user-defined queries which can than be compared to similar information for other areas, industries or related occupations. Florida Wages Home Page: Florida Occupational Employment and Wages (Florida Wages) 14

Provides employers and jobseekers a look at industry and occupational forecasts, current pay levels, occupational profiles, and workforce availability for Florida and the workforce regions based on a defined set of frequently asked questions. WPAA Web Page: What People Are Asking (WPAA) 15

What People Are Asking (WPAA) Internet based FAQs – 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? 16

Combines LMS employment by industry, unemployment insurance wage records, and Census demographics to create industry demographics, turnover, and commuting patterns. LED/QWI Web Page : Local Employment Dynamics Quarterly Work Indicators (LED/QWI) 17

A software that produces one single convenient measurement that defines "transferability" between occupations based on the abilities, skills, and knowledge from the vast O*NET™ database from the Department of Labor TORQ Home Page: Transferable Occupation Relationship Quotient (TORQ) 18

Help Wanted OnLine TM from The Conference Board is a measure of real-time labor demand captured through online job ads. HWOL Home Page: Help Wanted OnLine (HWOL) 19

Provides career assessment and skills inventory information for adults, students, counselors, and educators. CHOICES Home Page: Florida’s Career Information Delivery System (CHOICES) 20

Census Bureau American Community Survey Local Employment Dynamics (LED) – On The Map – Quarterly Workforce Indicators American FactFinder 21

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Census Bureau American Community Survey Age Sex Race Family And Relationships Income And Benefits Health Insurance Education Veteran Status Disabilities Where You Work Where You Live People 24

Census Bureau American Community Survey Economic Fact Sheets Specific Industries Business and Industry Top Foreign Trading Partners Exports Imports Surplus and Deficit Government Businesses and Government 25

Census Bureau OnTheMap Web-based mapping and reporting application Shows where workers are employed and where they live Provides companion reports on age, earnings, industry distributions, as well as information on race, ethnicity, and educational attainment. 26

Census Bureau OnTheMap 6 Different Analyses: – Area Profile – Area Comparison – Distance/Direction – Destination – Inflow/Outflow – Paired Area 27

Census Bureau -- OnTheMap 28

Live and Work in the Region Workforce Region 12 Note: Data are displayed by Census 2000 block groups from block level data. Source: US Department of Commerce, Census Bureau, Longitudinal Employer Household Dynamics (LEHD), 2009 Origin Destination Data-All Jobs. Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center, November

Commuting to the Region Workforce Region 12 Note: Data are displayed by Census 2000 block groups from block level data. Source: US Department of Commerce, Census Bureau, Longitudinal Employer Household Dynamics (LEHD), 2009 Origin Destination Data-All Jobs. Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center, November

Census Bureau Quarterly Workforce Indicators (QWI) Merges data from existing sources Detailed demographics Detailed geography and state totals Ownership information - private only or all ownership categories NAICS 3- and 4-digit industries 4-quarter rolling averages Recent and historical data 31

New Initiative: Expanded Supply and Demand

Potential Employees in Aircraft Manufacturing 33

Location of Firms in Aviation and Aerospace 34

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Education and Training pay … Unemployment Rate (Percent) Median Earnings (Dollars) Notes: Unemployment and earnings for workers 25 and older, by educational attainment; earnings for full-time wage and salary workers. Sources: Unemployment rate, 2008 annual average: U.S. Bureau of Labor Statistics; 2008 Weekly Median Earnings (multiplied by 52 weeks), U. S. Bureau of the Census. Master’s degree Bachelor’s degree Associate degree Some college, no degree High-school graduate Some high-school, no diploma Professional degree Doctoral degree 37

Florida Department of Economic Opportunity Labor Market Statistics Center Caldwell Building MSC G E. Madison Street Tallahassee, Florida Phone (850) Warren May fred.labormarketinfo.com