1. Missouri State of the Workforce report
Presented by
Sonal Haté
Missouri Economic Research and Information Center (MERIC)
Department of Economic Development

2. 9/16/2018
State of the Workforce

3. Overview Economic Indicators Workforce Supply Workforce in training
Workforce demand
Future Challenges
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State of the Workforce

4. Economic Indicators

5. Shifting Employment Trends
Source: U.S. Department of Labor, Bureau of Labor Statistics
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State of the Workforce

6. New Economy Indicators
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7. OTHER INDICATORS
Gross State Product -5th across the Midwest states, 2.5% increase between 2010 and 2009
Exports have increased by 14% between 2010 and 2011
Missouri ranks 16th in the 2011 State Business Tax Climate Composite Index
Missouri has the 13th lowest cost of living in the nation
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State of the Workforce

8. Workforce Supply

9. Population
St. Louis County has the largest population in the state (16.7%)
25-59 years (46.7%)
Source: MO Office of Administration –Budget &Planning-Population Projections
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State of the Workforce

10. Labor Force Delayed retirement Aging workforce
Source: Bureau of Labor Statistics, Geographic Profile of Employment
Delayed retirement
Aging workforce
Decline in crucial residential labor force
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11. Income Level per Capita ■ 2000-2010
U.S. -$40,584
Source: U.S. Census Bureau, Small Area Estimates
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State of the Workforce

12. Poverty Level ■ Under Age 18
MO – 20.7%
U.S. – 20%
Source: American Community Survey—2009
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State of the Workforce

13. Workforce in Training

14. Educational Preparedness
Missouri scored a C+ statewide in K-12 education system ranking
More than 30% of year olds have only a high school diploma
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State of the Workforce

15. College Readiness Percent of Students Meeting ACT College Benchmark Scores-Class of 2011
Source: ACT Profile Report State: Missouri, Graduating Class of 2011
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State of the Workforce

16. Enrollment Trends in Missouri’s Higher Education
Missouri has 132 Title IV degree granting institutions
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17. STEM-Related Degrees Graduates with Degrees for 2009
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18. Workforce
Demand

19. Occupational Projections Jobs Created Due to Growth by 2018
50%
Source: MERIC, Missouri Long-term Occupational Projections
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State of the Workforce

20. Top Ten Fastest Growing Occupations & Industries
This is a combination of the previous two slides. I cut the list to 10 because that’s all we showed for industries.
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State of the Workforce

21. Employment Openings By Educational Level
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22. Target Industry Clusters
Advanced Manufacturing
Energy Solutions
Biosciences
Health Care Sciences and Services
Information Technology
Financial and Professional Services
Transportation and Logistics
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23. Improving Together Future Challenges Any Questions??
Strengthening primary and secondary education system
Increased collaboration between higher education institutions, workforce training providers, economic developers and businesses
Continue efforts to develop affordable, flexible and credential-based training for adult workers and businesses
Improving Together
Any Questions??