State of our Workforce Prepared for: Arlington Chamber of Commerce.

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Presentation transcript:

State of our Workforce Prepared for: Arlington Chamber of Commerce

DC METRO TRENDS

DC Metro Job Change Per Sector Source: BLS (Not Seasonally Adjusted), GMU Center for Regional Analysis.

DC Metro Unemployment Rate 8.2 – DC 7.8 – U.S. 5.5 – SMD NVA Source: BLS (Not Seasonally Adjusted), GMU Center for Regional Analysis.

5.2% Unemployment Rate In DC Metro Area Source: Conference Board HWOL & BLS, 2012.

We Live In A Talent Shortage Area Source: BLS, 2010.

46% Of 25yr+ Population In DC Metro Have Earned At Least A Bachelor’s Degree Source: Conference Board HWOL & BLS, 2012.

The Changing Income Pattern in the DC Metro, 1990 and 2010 (percent share, inflation adjusted $s) Income Range $10K-$49K44% 44% $50K-$79K31% 14% $80K-$89K20% 2% $90K and above 4% 39% Source: Bureau of Labor Statistics, Center for Regional Analysis.

ALEXANDRIA/ARLINGTON TRENDS

We Really Live In A Talent Shortage Area JurisdictionCivilian Labor Force EmployedUnemployedUnemployment Rate Alexandria City93,67689,9443,7324.0% Arlington County138,832134,5484,2843.1% Source: BLS, 11/2012. JurisdictionJob OpeningsUnemployedSupply/Demand Ratio Alexandria City10,1913,7321:0.37 Arlington County17,1124,2841:0.25

Job Opening Breakdown Breakdown of Job Openings  76% Full-time (80% of which require at least a HS/GED)  19% Part-time  5% Temporary/Seasonal Average Wage of Job Openings  Full-time: $25.18  Part-time: $12.84 Most Part-time Job Openings by Industry  Arts, Entertainment, & Recreation (67% of Openings)  Construction (50%)  Retail Trades (43%) Most Temporary Job Openings by Industry  Hospitality (99% of Openings)  Administration/Waste Management Services (42%)  Retail Trades (18%) Source: VEC, BLS, Virginia Job Vacancy Survey, Virginia Commonwealth University, October 2012.

Occupational TitleTotal Employment ChangeTotal % Change Computer and Mathematical Occupations52, % Business and Financial Operations Occupations36, % Business Operations Specialists27, % Office and Administrative Support Occupations25, % Education, Training, and Library Occupations22, % Sales and Related Occupations20, % Construction and Extraction Occupations20, % Management Occupations16, % Construction Trades Workers15, % Food Preparation and Serving Related Occupations14, % Healthcare Practitioners and Technical Occupations12, % Personal Care and Service Occupations10, % Management Analysts10, % Retail Sales Workers10, % Primary, Secondary, and Special Education School Teachers10, % Building and Grounds Cleaning and Maintenance Occupations9, % Food and Beverage Serving Workers8, % Other Personal Care and Service Workers8, % Transportation and Material Moving Occupations8, % Financial Specialists8, % Arts, Design, Entertainment, Sports, and Media Occupations7, % Health Diagnosing and Treating Practitioners7, % Architecture and Engineering Occupations7, % Retail Salespersons7, % Installation, Maintenance, and Repair Occupations7, % Source: Projections Team / Micro Matrix System, November Occupational Employment Projections in Combined Projections Area (LWIA XI and LWIA XII), VA for Multiple Occupations for a base year of 2010 and a projected year of 2021 NVA’s Top 25 High-Demand Occupations