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State University and College Systems Orlando, Florida

Indicators of Jobs in Demand. State University and College Systems Orlando, Florida. Bureau of Labor Market Statistics July 2 8, 2014. Labor Market Information (LMI) Mission. To Produce, Analyze, and Deliver Labor Statistics to Improve Economic Decision-Making

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State University and College Systems Orlando, Florida

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  1. Indicators of Jobs in Demand State University and College Systems Orlando, Florida Bureau of Labor Market StatisticsJuly 28, 2014

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

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

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

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

  6. Who are the customers of Labor Market Statistics? • State University and College Systems • Career Counselors / Teachers / Students • Workforce / Economic Development Decision-Makers • Employers / Job Seekers • Economists / Policy Makers • Elected Officials • Media

  7. Bureau of Labor Market Statistics Programs There are three main activities: data production, data analysis, data delivery • Quarterly Census of Employment and Wages (QCEW)--Produces employment and wages by industry based on all employers covered by Unemployment Insurance • Current Employment Statistics (CES)--Produces employment, hours, and earnings by industry based on a sample of employers • Occupational Employment Statistics (OES)--Produces employment and wages by occupation based on a sample of employers • Local Area Unemployment Statistics (LAUS)--Produces labor force, employment, unemployment, and unemployment rates based on a survey of households and a statistical model • Employment Projections--Produces projections of employment by industry and occupation based on a survey of employers and statistical models • Workforce Information--Provides statistical services such as publications, websites, training, GIS mapping, economic impact analysis, and customized reports by request

  8. There are three data tools to measure jobs in demand: Occupational employment projections 2013-2021 as a long-term demand indicator Help Wanted OnLine (HWOL) jobs ads produced by The Conference Board as a short-term demand indicator Occupational Supply/Demand system which shows the gaps between supply and demand based on long-term and short-term demand indicators

  9. Long-Term Demand Indicator Occupational Employment Projections Occupational projections are derived from: The changing demand for labor by industry The occupational staffing patterns of the various industries These are produced and published annually by the Florida Bureau of Labor Market Statistics.

  10. Long-Term Employment Projections Overview • Industry projections are based on industry employment data reported from the Quarterly Census of Employment and Wages (QCEW) • Detailed industries are projected for Florida and substate regions • Industry data are by place of work for employees on payrolls • Occupational data are based on the Occupational Employment Statistics (OES) survey of employers • Occupational projections are enhanced by census data for self-employed workers

  11. Long-Term Projections Update Cycle • Projections are updated annually using: • New industry data for the base year • New staffing patterns from the OES Survey • Florida is the only state to update annually • Projections are published for: • Florida • 24 Workforce Regions • Large counties (100,000 +)

  12. Long-Term Projections: Data Caveats and Limitations Projections assume no major manmade or natural disasters impacting state and local economies Extreme and fast changes in market demand cannot be predicted or included Occupational data require accurate reporting by employers Separation openings are not intended to measure all forms of labor market churning

  13. Long-Term Projections Data Uses • Planning/evaluating education and training programs • Career guidance • Included in Career Information Delivery Systems • Florida CHOICES • Included in electronic labor exchange systems • EmployFlorida • Demand measure for Occupational Supply/Demand • Economic and labor market analysis • Vocational rehabilitation and disability evaluation

  14. Largest Bachelor’s Degree Level OccupationsFlorida Statewide 2014-2021 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Employment Projections Program, Forecast to 2021. Released September 2013. BLS education levels used for all occupations. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience.

  15. Largest Bachelor’s Degree Level OccupationsUnited States 2014-2021 Source: United States Department of Labor, Bureau of Labor Market Statistics, Employment Projections Program, Forecast to 2021. Released December 2013. BLS education levels used for all occupations. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience.

  16. Bachelor’s Degree Level OccupationsGaining the Most New Jobs Florida Statewide 2014-2021 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Employment Projections Program, Forecast to 2021. Released September 2013. BLS education levels used for all occupations. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience.

  17. Bachelor’s Degree Level OccupationsGaining the Most New Jobs United States 2014-2021 Source: United States Department of Labor, Bureau of Labor Market Statistics, Employment Projections Program, Forecast to 2021. Released December 2013. BLS education levels used for all occupations. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience.

  18. Fastest-Growing Bachelor’s Degree Level OccupationsFlorida Statewide 2014-2021 Note: This table displays occupations with a minimum of 4,000 jobs in 2014. Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Employment Projections Program, Forecast to 2021. Released September 2013. BLS education levels used for all occupations. **Requires 1 to 5 years of experience.

  19. Fastest-Growing Bachelor’s Degree Level OccupationsUnited States 2014-2021 Note: This table displays occupations with a minimum of 75,000 jobs in 2014. Source: United States Department of Labor, Bureau of Labor Market Statistics, Employment Projections Program, Forecast to 2021. Released December 2013. BLS education levels used for all occupations. **Requires 1 to 5 years of experience. .

  20. Highest-Paying Bachelor’s Degree Level OccupationsFlorida Statewide 2014 Source: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, Occupational Employment Statistics and Wages Program. Released May 2014 BLS education levels used for all occupations. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience. .

  21. Highest-Paying Bachelor’s Degree Level OccupationsUnited States 2013 Source: United States Department of Labor, Bureau of Labor Market Statistics, Division of Occupational Employment Statistics. Released March 2014. BLS education levels used for all occupations. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience. .

  22. Short-Term Demand IndicatorHelp Wanted OnLine (HWOL) Help Wanted OnLine (HWOL) from The Conference Board measures real-time demand captured by online job ads The Conference Board compiles online job ads from over 1,200 job boards The Florida Bureau of Labor Market Statistics compiles and publishes HWOL reports showing hiring demand for both the state and workforce regions

  23. Help Wanted OnLine (HWOL) Overview Help Wanted OnLine (HWOL) from The Conference Board provides unduplicated job openings (ads) obtained by spidering technology The Conference Board began HWOL in 2005 in response to declining classified ads in newspapers The Conference Board also 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

  24. Help Wanted OnLine (HWOL) Currency (updated daily) Geographically comprehensive Nation, State, MSA, County, City; customized areas 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

  25. Help Wanted OnLine (HWOL)Data Caveats and Limitations Not all jobs are advertised on the Internet More high-end jobs are advertised Entry-level jobs are not broadly represented Some trades and union jobs are not typically advertised online Some employers are just resume fishing Some job ads are duplicated

  26. Help Wanted OnLine (HWOL)Data Uses • Real-time measure of occupational demand • Used as: • Economic indicator • Time series measure • Geographic measure (very detailed) • Career development and job placement • Measures labor market churning/shows hiring needs even when industries are in decline

  27. Help-Wanted OnLine

  28. Help-Wanted OnLineBachelor’s Degree Occupations In Demand Source: The Conference Board, Help Wanted OnLine. BLS education levels used except for registered nurses. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience.

  29. Help-Wanted OnLineBachelor’s Degree Occupations In Demand Source: The Conference Board, Help Wanted OnLine. BLS education levels used except for registered nurses. **Requires 1 to 5 years of experience, ***Requires more than 5 years of experience.

  30. Long-Term and Short-Term Demand IndicatorsOccupational Supply/Demand System The purpose of the Supply/Demand system is to improve education and training alignment to better meet the hiring needs of business The Supply/Demand system has been designed for education, workforce, economic development, business, job seekers, and students The web-based data are statewide and by region

  31. Occupational Supply/Demand SystemData Definitions • The indicators of Potential Labor Supply by occupation are: • Public and private postsecondary education (enrollees, completers, and graduates by occupation based on CIP-SOC) • Job seekers registered at career centers • The indicators for Labor Demand are: • Employment projections by occupation (for long-term analysis) • Help Wanted OnLine (HWOL) job ads by occupation (for short-term analysis) • Other Information: • Current employment, wages, and education required by occupation

  32. Data Sources of Potential Labor Supply by Occupation are: FLORIDA COLLEGE SYSTEM (FCS) STATE UNIVERSITY SYSTEM (SUS) COMMISSION FOR INDEPENDENT EDUCATION (CIE) Postsecondary education & WORKFORCE supply DISTRICT POST-SECONDARY CAREER & TECHNICAL EDUCATION (DPSEC) INDEPENDENT COLLEGES & UNIVERSITIES OF FLORIDA (ICUF) WORKFORCE INVESTMENT ACT PARTICIPANTS (WIA) REGISTERED JOB SEEKERS IN WORKFORCE INFORMATION SYSTEM (JS)

  33. Occupational Supply/Demand SystemUpdate Cycles Supply SUS and FCS—By term DPSEC—By term CIE—Annual Job Seekers—Daily ICUF—Annual from IPEDS (2 year old data) Demand Short-term (HWOL)—Monthly Long-term (Occupational Projections)—Annual

  34. Occupational Supply/Demand System Data Caveats All supply data is potential supply Completers/graduates are counted in each occupation related to their program of study 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 centers and for those registered they may or may not be qualified for the job they are seeking

  35. Data Caveats (continued) Time frames for supply and demand data elements may 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

  36. Occupational Supply/Demand SystemData Uses Education and workforce will use the data to create better alignment of education and training offerings in meeting the hiring demands of business Economic developers will have the most comprehensive and timely occupational data to determine available labor supply to support business recruitment 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

  37. Explanation of Supply/Demand Report Information… Regional Report • 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 BLUEare 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. Statewide Report

  38. Explanation of Supply/Demand Report Information (Continued) … Total Supply is contrasted against Short-Term Demand Total Supply of 935 vs. Short-Term Demand of 1,499 leaves a “Gap” of -564 trained individuals …and a ratio of .62 persons for each job ad existing • Other Information: • Current employment, wages, and education required by occupation Fl. Education Levels 1=<HS 2=HS 3=Postsecondary Adult Vocational (PSAV) 4=College Credit 5= Bachelor’s 6= Master’s or higher

  39. Short-Term Demand This data series is based on employer generated job ads advertised on the internet. The source is The Conference Board’s Help Wanted OnLine data series which scrapes over 1,200 job boards. The data are available monthly and have been processed to reduce duplicate job ads. Long-Term Demand This data series is based on average annual openings based on long-term projections produced by the Occupations Projections program in DEO’s Bureau of Labor Market Statistics. These data are based on projected occupational growth and separations (includes projections of retirements and those changing occupations, not simply changing jobs). 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 a better job opportunity. As a result, short-term demand can exceed long-term demand.

  40. TOP 15 BACHELOR LEVEL OCCUPATIONS IN DEMAND USING ANNUAL LONG-TERM DEMAND DATA **Requires 1 to 5 years of experience; ***Requires more than 5 years of experience Offered at the Bachelor degree level Note: All data are statewide based, FCS, CIE and SUS data are based on 2012-2013 school year graduates, ICUF data are based on 2011-12 graduates. BLS education levels used for all occupations.

  41. TOP 15 BACHELOR LEVEL OCCUPATIONS IN UNDERSUPPLY USING SHORT-TERM DEMAND DATA (JUNE 2014) ***Requires more than 5 years of experience Offered at the Bachelor degree level Note: All data are statewide based, FCS, CIE and SUS data are based on 2012-2013 school year graduates, ICUF data are based on 2011-12 graduates. BLS education levels used for all occupations.

  42. www.floridajobs.org/lms/jid

  43. Education and Training pay …2013 Annual Average Unemployment Rate(Percent) Median Earnings (Dollars) Doctoral degree Professional degree Master’s degree Bachelor’s degree Associate degree Some college, no degree High-school graduate Some high-school, no diploma Notes: Unemployment and earnings for workers 25 and older; earnings for full-time wage and salary workers. 2013 Weekly Median Earnings (multiplied by 52 weeks). Source: Bureau of Labor Statistics, Current Population Survey, March 2014.

  44. Contact Names for Jobs in Demand

  45. Florida Department of Economic Opportunity Bureau of Labor Market Statistics Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida 32399-4111 Phone (850) 245-7257 Rebecca Rust Rebecca.Rust@deo.myflorida.com www.floridajobs.org/labor-market-information www.labormarketinfo.com freida.labormarketinfo.com www.floridawages.com www.whatpeopleareasking.com

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