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Ms. Lorraine Okada

Join Ms. Lorraine Okada, Executive Manager at Carlsmith Ball, LLP, as she explores critical labor issues in today's evolving economy. This insightful discussion will cover the implications of global competition, trends in visitor arrivals from key markets like Russia and China, and employment projections in various sectors. With a focus on workforce development, education, and local partnerships, attendees will gain valuable insights into addressing unemployment challenges and building a sustainable regional economy.

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Ms. Lorraine Okada

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  1. Ms. Lorraine Okada Executive Manager, Carlsmith Ball, LLP

  2. Labor Issues in the New Economy

  3. The New Economy • Visitor Industry • Federal / Military • Construction Industry • Service Industry • Technology • Migrant Workers • Global Competition • World Wide Web • Digital Economy • Sustainable Economy

  4. Visitor Industry

  5. Visitor Industry • Arrivals from Russia 448.3%. • Arrivals from China increased by 32.4 % • GVB forecast 8 to 10 % increase in total visitor arrivals

  6. Labor Market • Employment Trends • Unemployment Trends

  7. Employment Projections

  8. Employment Trend 2011 2010 1992

  9. Unemployment Trend 2011 2006 2004 2002 2009 2001 2007 2005 2000

  10. Economic Uncertainty • UNCERTAINTY ABOUT BUILD-UP • GUAM JOB COUNT DOWN, UNEMPLOYMENT UP • GUAM TOURISM DOWN, BUT SOME MARKETS GROWING • Japan is getting back on their feet faster than we imagined

  11. Workforce Challenges • Unemployment • Education • Skills • Work Values • Brain Drain • Pay Equity • Migrant Workers • Diversity • Technology • Digital Divide • Social Media • World Wide Web

  12. Opportunities • Education = Employment = Economic Opportunities • Workforce Development Partnerships: Private and Public • NDAA: Hire Local and the Region • Entrepreneurs are surging • Build a strong regional workforce = strong regional economy

  13. Workforce Development Resources • Career & Technical Education Programs • Workforce Investment Act - AHRD • Scholarship Programs • Manpower Development • Apprenticeship Programs • Guam Trades Academy • Guam Community College • University of Guam

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