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

Understanding the Perfect Storm A huge wave of change is coming. What are the forces, and their sources? How are these forces interacting, creating challenges as never before? What will be the likely aftermath? What must be done to prevent this Perfect Storm from overwhelming our community and our work? Before we act, how must we best think?

Our Findings… Community Service Council of Greater Tulsa Shift Happens!*$%#

8 Sources of the Perfect Storm The “Big Four”: Lack of opportunity for mass employment with living wage for unskilled/low-skilled persons Growing workforce shortage Rapid aging of the population Growing challenges to healthy lifestyles and access to quality health care Community Service Council of Greater Tulsa

8 Sources of the Perfect Storm The Next Four: Continued growing immigration Growing challenges to American culture Changing environmental conditions Uncertainty of future energy supply Community Service Council of Greater Tulsa

The Perfect Storm Overlying Forces: Critical demographic trends Advances in technology Impact of globalization Resources and thinking available to invest in new directions Community Service Council of Greater Tulsa

The Perfect Storm… First Look Labor Force Community Service Council of Greater Tulsa

Major Indicators

More Than Half the Population Over Age 16 Is Employed Community Service Council of Greater Tulsa

The Unemployment Rate Is Down From Its Most Recent Peaks Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

From the Onset of the Recession to the End of 2006, Labor Force Participation Rates Were Down, Except Among Older Workers Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

The Percentage of the Population that is Employed Has Trended Up Since September 2003 Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

By the End of 2006, Nonfarm Payroll Employment Had Risen by 7.3 Million Since Its Recent Low in August 2003 Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Employment Rose in Most Industries from August 2003 to December 2006 Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Manufacturing Employment Has Edged Down Since 2004, Following 3 Years of Sharp Declines Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Total Nonfarm Employment Continued to Rise Across Most of the Nation in 2006 Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Labor Productivity Began to Accelerate in the Mid-1990s, Led by Gains in Manufacturing Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Six of the 10 Industries Projected to Grow the Fastest Are Health Related and One Is Computer Related Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Seven of the 10 Occupations Projected to Grow the Fastest Are Health Related and Three Are Computer Related Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Education

The Educational Attainment of the Labor Force Has Improved Over Time Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

The Higher the Education, the Lower the Unemployment Rate Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Regardless of Race or Hispanic Ethnicity, Unemployment Rates Generally Decline With Higher Levels of Education Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Education Pays Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Education Pays for Everyone, Regardless of Race or Hispanic Ethnicity Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Real Median Weekly Earning for College Graduates Have Trended Up Over Time Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Employment Relationships

Fewer Than 2 in 10 Employed Persons Work Part Time; Fewer Than 1 in 10 Workers Is Self-Employed Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

About 1 in 20 Workers Has More Than One Job Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Declining Proportions of Men Have Worked for Their Current Employer for 10 Years or Longer Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Rising Proportions of Women Ages 40 to 54 Have Worked for Their Current Employer for 10 Years or Longer Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Union Membership Has Declined Over Time Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Race and Hispanic Ethnicity

Selected Labor Force Characteristics of Black or African Americans Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Selected Labor Force Characteristics of Hispanics or Latinos Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Selected Labor Force Characteristics of Asians Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Blacks Are Less Likely to Participate in the Work Force Than Whites, Asians, or Hispanics Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Unemployment Rates for Blacks and Hispanics Have Remained Consistently Higher Than the Rate for Whites Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Earnings of Blacks and Hispanics Are Lower Than Those of Asians and Whites Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Women

After Rising for Several Decades, the Labor Force Participation Rate for Women Has Shown No Growth in Recent Years Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Women’s Labor Force Participation Patterns Are Now More Like Those of Men Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Unemployment Rates for Adult Men and Women Have Stayed Quite Close Since the Early 1980s Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Women Continue To Be More Likely Than Men to Work Part Time Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Year-round, Full Time Work Has Trended Up Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Women Are Concentrated in Management, Professional, Sales, and Office Occupations Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Women’s Earnings Have Increased Substantially As A Percent of Men’s Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

The Change in Real Earnings Since 1979 Has Been More Favorable for Women Than for Men At All Levels of Education Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

The Women’s to Men’s Earnings Ratio Has Increased for Most Major Age Groups Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Families

The Proportion of All Families Maintained by Men or by Women With No Spouse Present Has Grown Substantially Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Most Families Have An Employed Member Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Labor Force Participation Rates Have Increased Dramatically Among Mothers Over the Past 31 Years Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Black Mothers Have the Highest Labor Force Participation Rates Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

In 2005, Working Wives Contributed a Little More Than a Third of Their Families’ Income Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Nine Out of 10 Children Live With An Employed Parent Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

In 2005, Families Allocated About One-Third of Their Total Spending to Housing and About One-Fifth to Transportation Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Single-Parent Families Allocated More of Their Expenditure Dollar to Basic Items—Food and Housing—Than Did Married Couple Families in 2005 Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

On Weekdays That They Worked, Employed Persons With Children Spent Two-thirds of an Average Day Working and Sleeping Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007 Community Service Council of Greater Tulsa

Global Profile 2007 …is available on our website: Prepared By the Community Service Council of Greater Tulsa October, 2007

This is part of a series of Perfect Storm presentations and reports created by the Community Service Council of Greater Tulsa 16 East 16 th Street, Suite 202. Tulsa, Oklahoma