Florida Council of Resource Development Orlando, Florida February 20, 2014 Department of Economic Opportunity Bureau of Labor Market Statistics.

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Presentation transcript:

Florida Council of Resource Development Orlando, Florida February 20, 2014 Department of Economic Opportunity Bureau of Labor Market Statistics

Labor Force Conditions December 2013, Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released January 24, The current unemployment rate of 6.2 percent was down from the recessionary high rate of 11.4 percent reported in Florida’s unemployment rate has been below the national rate since April 2013 (9 consecutive months) Prior to April, Florida’s unemployment rate had been higher or equal to the national rate for 5 years (since February 2008) 1

Unemployment Rates, Florida and the United States January 1974 – December 2013, Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released January 24,

Florida Unemployment Rates by County December 2013, Not Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released January 24,

Unemployment Rates in the Ten Most Populous States Ranked by Unemployment Rate, Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, released January 28,

Nonagricultural Employment December 2013, Seasonally Adjusted Florida’s jobs grew in December on an annual basis for 41 consecutive months Florida’s job growth rate of 2.6 percent in December 2013 was the fastest rate since June 2006 and the fastest of the ten populous states Florida’s job growth rate has been greater than or equal to the national rate since March Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released January 24, Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Florida Total Nonagricultural Employment January 1974 – December 2013, Seasonally Adjusted 6 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released January 24, Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Trade, Transportation, and Utilities Gained the Most Jobs Over the Year Florida, December 2012 – December 2013, Seasonally Adjusted 7 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released January 24, Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Nonagricultural Employment by Industry Florida, December 2013 (Seasonally Adjusted) 8 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released January 24, Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Employment by Industry December 2013, Seasonally Adjusted 9 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released January 24, Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Employment in the Ten Most Populous States Ranked by Over-the-Year Level Change, Seasonally Adjusted 10 Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released January 28, Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Wages by Industry Florida, Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Quarterly Census of Employment and Wages Program. Released October 2013.

LMI TOOLS 2 Labor Market Information Online Websites and Web Applications

13 Websites: Labor Market Statistics (LMS) Census Bureau Occupational Information Network (O*NET) Employ Florida Marketplace Web Applications: Florida Research and Economic Information Data Base App (FREIDA) 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

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 14

Latest Statistics Statistical Programs Florida Census Data Center GIS Mapping Reports STEM Jobs in Demand Publications Labor Market Statistics (LMS) Website 15

Provides comprehensive economic and labor market information based on easy to use customer-defined data queries. FREIDA Home Page: Florida Research and Economic Information Database App (FREIDA) 16

Florida Research and Economic Information Database (FREIDA) cont’d FREIDA – Florida’s Research and Economic Information 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 17

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) 18

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) 19

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? 20

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Provides comprehensive information on key attributes and characteristics of workers and occupations. O*NET Home Page: Occupational Information Network (O*NET) 24

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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) 26

Transferable Occupation Relationship Quotient (TORQ) 27

Transferable Occupation Relationship Quotient (TORQ) 28

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) 29

Real-Time LMI Help Wanted OnLine ™ (HWOL) States are to train workers for jobs in demand, according to the Workforce Investment Act What are states to do in the depths of a recession when traditional LMI shows little or no jobs in demand? – Traditional LMI is based on net job gains and losses by month – In Florida, during the recession all industries were in decline except healthcare – Could all of Florida’s one million unemployed work in healthcare? 30

Real-Time LMI Help Wanted OnLine ™ (HWOL) States need to catch the churning in the job market Industries with a net decline in employment still have hiring needs The answer: Real-Time LMI – Conference Board; Help-Wanted OnLine (HWOL) Real-Time LMI is unduplicated job openings (ads) by occupation obtained by spidering technology 31

Real-Time LMI Help Wanted OnLine ™ (HWOL) Help Wanted OnLine (HWOL) is unduplicated job openings (ads) by occupation obtained by spidering technology Source of job ads is The Conference Board The Conference Board was established in 1916 and has been one of the leading private sector international economic forecasting firms with offices in New York City, Europe, and China The Conference Board publishes economic data series including the Consumer Confidence Index and Leading Economic Indicators The Conference Board has been publishing data on labor demand since the 1950s 32

Benefits of Real-Time LMI Currency (continuously updated) Geographically comprehensive Nation, State, MSA, County, City Actual posted openings—not an estimate Has proven to be a leading indicator May include new and emerging occupations Useful for keyword searches Industry specific searches STEM Supplement to traditional LMI—not a replacement 33

Real-Time LMI Help-Wanted OnLine 34 Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Real-Time LMI Help-Wanted OnLine 35 Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Real-Time LMI Help-Wanted OnLine 36 Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

37 Help-Wanted OnLine Occupations In Demand Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Real-Time LMI Help-Wanted OnLine STEM Occupations In Demand 38 Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Real-Time LMI Help-Wanted OnLine Counties With the Most Online Ads 39 Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

Real-Time LMI Help-Wanted OnLine 40 Source: The Conference Board, Help Wanted OnLine. Prepared by: The Florida Department of Economic Opportunity, Bureau of Labor Market Statistics.

New Initiative: Expanded Supply and Demand

42 Detail on Florida’s Occupational Supply / Demand System Florida applied for and won a competitive grant from the U.S. Department of Labor, ETA; Workforce Data Quality Initiative for $1 million (Dec June 2013) The grant is funding the new Florida Occupational Supply/Demand System (S/D) which will be the most comprehensive and timely system available in the nation The S/D system is designed to improve education and training alignment to better meet the hiring needs of business The S/D system is designed for business, workforce, education, economic development, job seekers, and students The data are by statewide and region and are web based

43 Florida’s Supply/Demand System The indicators of Potential Labor Supply by occupation are: – Workforce, public and private postsecondary education (enrollees completers, and graduates by occupation based on CIP-SOC) – Job seekers registered at career one-stop centers The indicators for Labor Demand are: – The Conference Board’s Help Wanted OnLine (HWOL) data series of monthly job ad openings by occupation (for short-term analysis) – DEO LMS average annual projected openings by occupation (for long- term analysis) Other Information: – Current employment, wages, and education required by occupation

44 How will the data be used to help Florida and the economy? Workforce and education will use the data to create better alignment of education and training offerings in meeting occupational demands of business Economic developers will have the most comprehensive and timely occupational S/D data readily available to support business recruitment in their analysis of available labor supply Students will benefit from having real time information on jobs in demand now and in the future; jobseekers can use the information for re-employment purposes

COMMISSION FOR INDEPENDENT EDUCATION (CIE) DISTRICT POST- SECONDARY CAREER & TECHNICAL EDUCATION (DPSEC) FLORIDA COLLEGE SYSTEM (FCS) STATE UNIVERSITY SYSTEM (SUS) INDEPENDENT COLLEGES & UNIVERSITIES OF FLORIDA (ICUF) REGISTERED JOB SEEKERS IN WORKFORCE INFORMATION SYSTEM (JS) WORKFORCE INVESTMENT ACT PARTICIPANTS (WIA) The Sources of Labor Supply Indicators by Occupation 45

Enrollees on the Supply/Demand report are signified with an –E suffix following the Supply acronym while Completers/Graduates are indicated by a -C suffix. Notice that items in BLUE are used in creating the Total Supply (also in BLUE). REGIONAL Reports DO NOT include ICUF and SUS data in total supply as university graduates are considered statewide supply and are not parsed to a regional level. They are provided as informational supply only. STATEWIDE Reports DO include University graduates. When reviewing occupations for potential new training programs or programs to reduce, one should always review both the Regional and Statewide Reports. Explanation of Supply/Demand Report Information… Statewide Report 46 Regional Report

Short-Term Demand Is based upon employer generated job ads advertised on the internet. The Conference Board’s Help Wanted OnLine data series scrapes job boards monthly to show real time jobs in demand. Long-Term Demand Is average annual openings based on Long-Term projections produced by DEO’s Bureau of Labor Market Statistics. These data are based on projected occupational growth and separations. How do they Differ? Short-term demand is based upon ads resulting from occupational growth, separations and job churning. Job churning is the movement of workers from one job to another, usually due to seeking better opportunities. Therefore, Short-Term demand often exceeds Long-Term demand. 47

48 Supply/Demand (S/D) Data Caveats Enrollees may or may not complete training Completers may already have a job or may have moved out of the geographic area Most jobseekers do not register with the career one-stop centers and for those registered they may or may not be qualified for the job they are seeking Not all jobseekers have their desired occupation identified in the system Job openings only include internet job ad postings (not all jobs are posted on the internet)

49 Data Caveats (continued) The job ads have been de-duplicated but some duplicates may still exist; time frames for supply and demand data elements differ District and Florida College System enrollees and completers are based on supply in the workforce region and are not statewide based University graduates are statewide only and cannot be parsed to workforce regions; the statewide report does include University graduates in supply Some job ads may be placed in area for recruitment purposes but actually exist in a different location

50 Data Caveats (continued) Some programs prepare students for one occupation while others may train for multiple occupations; Completers / Graduates are counted in each occupation that is related to their program of study Information may be known at the local level that should be considered when using the occupational S/D data, such as incoming or expanding firm(s) Supply information for Medical Board Certifications is not readily available due to voluntary reporting by physicians to the Florida Department of Health

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. 51

Census Bureau OnTheMap 6 Different Analyses: – Area Profile – Area Comparison – Distance/Direction – Destination – Inflow/Outflow – Paired Area 52

Census Bureau - OnTheMap 53

Census Bureau - OnTheMap 54

Census Bureau - OnTheMap 55

Census Bureau - OnTheMap 56

Census Bureau - OnTheMap 57

Census Bureau - OnTheMap 58

Census Bureau - OnTheMap 59

Census Bureau - OnTheMap 60

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Unemployment Rate (Percent) Median Earnings (Dollars) Master’s degree Bachelor’s degree Associate degree Some college, no degree High-school graduate Some high-school, no diploma 63 Professional degree Doctoral degree Notes: Unemployment and earnings for workers 25 and older; earnings for full-time wage and salary workers Weekly Median Earnings (multiplied by 52 weeks). Source: Bureau of Labor Statistics, Current Population Survey, January Education and Training pay … 2012 Annual Average

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