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Ms. Lorraine Okada

Ms. Lorraine Okada. Executive Manager, Carlsmith Ball, LLP. Labor Issues in the New Economy. The New Economy. Visitor Industry Federal / Military Construction Industry Service Industry Technology Migrant Workers Global Competition World Wide Web Digital Economy Sustainable 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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