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Labor Market Information Tools

Labor Market Information Tools. Orlando, Florida. Workforce Professionals Training Academy. Labor Market Information Mission. To Produce, Analyze, and Deliver Labor Statistics to Improve Economic Decision-Making Note: Employment data are the state’s most important economic indicator.

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Labor Market Information Tools

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  1. Labor Market Information Tools Orlando, Florida Workforce Professionals Training Academy

  2. Labor Market InformationMission To Produce, Analyze, and Deliver Labor Statistics to Improve Economic Decision-Making Note: 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 Rate • Wage by Industry and Occupation • Census/ Affirmative Action

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

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

  6. Who are the Customers of Labor Market Statistics? • Workforce/ Economic Development Decision-Makers • Employers/ Job Seekers • Education/ Welfare Planners • Career Counselors/ Teachers • Economists/ Policy Makers • Elected Officials • Media

  7. Labor Market Information Online Websites and Web Applications LMI TOOLS

  8. Labor Market Information Online Tools Websites: Labor Market Statistics (LMS) Occupational Information Network (O*NET) Web Applications: Florida Research and Economic Data Base (FRED) 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

  9. Labor Market Statistics (LMS) Website • Allows users to view or download Florida’s labor market data and products online in complete report formats. • LMS Home Page: http://www.floridajobs.org/labor-market-information

  10. Occupational Information Network (O*NET) • Provides comprehensive information on key attributes and characteristics of workers and occupations. • O*NET Home Page: http://www.onetcenter.org/

  11. Florida Research and Economic Database (FRED) • Provides comprehensive economic and labor market information based on easy to use customer-defined data queries. • FRED Home Page: http://fred.labormarketinfo.com/

  12. Florida Research and Economic Database (FRED) cont’d • FRED – Florida Research and Economic Databasehttp://fred.labormarketinfo.com • 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

  13. Florida Occupational Employment and Wages (Florida Wages) • 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: http://www.floridawages.com/

  14. What People Are Asking (WPAA) • 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: http://www.whatpeopleareasking.com/index.shtm

  15. What People Are Asking (WPAA) Internet based FAQs – http://www.whatpeopleareasking.com • 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? • 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?

  16. Local Employment Dynamics Quarterly Work Indicators(LED/QWI) • Combines LMS employment by industry, unemployment insurance wage records, and Census demographics to create industry demographics, turnover, and commuting patterns. • LED/QWI Web Page: http://www.labordynamics.com/

  17. Transferable Occupation Relationship Quotient (TORQ) • 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:http://www.torqworks.com/torq.html/

  18. Help Wanted OnLine (HWOL) • Help Wanted OnLineTM from The Conference Board is a measure of real-time labor demand captured through online job ads. • HWOL Home Page:http://www.wantedanalytics.com/hdd

  19. Florida’s Career Information Delivery System (CHOICES) • Provides career assessment and skills inventory information for adults, students, counselors, and educators. • CHOICES Home Page:https://access.bridges.com/auth/login.do?market=adult

  20. Census Bureau • American Community Survey • Local Employment Dynamics (LED) • On The Map • Quarterly Workforce Indicators • American FactFinder

  21. Census BureauFacts for Features

  22. Census BureauAmerican Community Survey • Age • Sex • Race • Family And Relationships • Income And Benefits • Health Insurance • Education • Veteran Status • Disabilities • Where You Work • Where You Live People

  23. Census BureauAmerican Community Survey • Economic Fact Sheets • Specific Industries • Business and Industry • Top Foreign Trading Partners • Exports • Imports • Surplus and Deficit • Government Businesses and Government

  24. Census BureauOnTheMap • 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.

  25. Census BureauOnTheMap • 6 Different Analyses: • Area Profile • Area Comparison • Distance/Direction • Destination • Inflow/Outflow • Paired Area

  26. Census Bureau -- OnTheMap

  27. Live and Work in the Region Workforce Region 12 Note: Data are displayed by Census 2000 block groups from block level data. Source: US Department of Commerce, Census Bureau, Longitudinal Employer Household Dynamics (LEHD), 2009 Origin Destination Data-All Jobs. Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center, November 2011.

  28. Commuting to the Region Workforce Region 12 Note: Data are displayed by Census 2000 block groups from block level data. Source: US Department of Commerce, Census Bureau, Longitudinal Employer Household Dynamics (LEHD), 2009 Origin Destination Data-All Jobs. Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center, November 2011.

  29. Census BureauQuarterly Workforce Indicators (QWI) • Merges data from existing sources • Detailed demographics • Detailed geography and state totals • Ownership information - private only or all ownership categories • NAICS 3- and 4-digit industries • 4-quarter rolling averages • Recent and historical data

  30. New Initiative: Expanded Supply and Demand

  31. Potential Employees in Aircraft Manufacturing

  32. Location of Firms in Aviation and Aerospace

  33. Education and Training pay … 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, by educational attainment; earnings for full-time wage and salary workers. Sources: Unemployment rate, 2008 annual average: U.S. Bureau of Labor Statistics; 2008 Weekly Median Earnings (multiplied by 52 weeks), U. S. Bureau of the Census.

  34. Florida Department of Economic Opportunity Labor Market Statistics Center Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida 32399-4111 Phone (850) 245-7227 Warren May Warren.May@deo.myflorida.com www.floridajobs.org/labor-market-information www.labormarketinfo.com fred.labormarketinfo.com www.floridawages.com http://www.whatpeopleareasking.com/index.shtm

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