Labor Market Information for Career Planning & Job Search Nate Dorr, Regional Analyst Minnesota Department of Employ

1. Labor Market Information for Career Planning & Job Search Nate Dorr, Regional Analyst Minnesota Department of Employment and Economic Development

2. What is Labor Market Information? • Data and analysis to describe and predict the relationship between labor supply and demand. • Clients include: • Employers: Wages, availability of workers… • Job Seekers & Students: Occupations in demand… • Educators: Skills required for jobs, locations of jobs… • Economic Developers: Skills of available workers… • Policy Makers: Education & training needs, local data

3. Distinguishing Industries in Our Region • North West Region(Higher Wages, Concentration, Growth) • Heavy & Civil Engineering Construction • Construction of Buildings • Fabricated Metal Product Mfg • Food Manufacturing • Wood Product Manufacturing • Transportation Equipment Mfg • Miscellaneous Mfg • Utilities • Pipeline Transportation • Building Material & Garden Supply Stores • Hospitals • Nursing and Residential Care Facilities • Credit Intermediation and Related Activities

4. Distinguishing Industries in Our Region Headwaters Region(Higher Wages, Concentration, Growth) • Heavy & Civil Engineering Construction • Construction of Buildings • Specialty Trade Contractors • Food Manufacturing • Wood Product Manufacturing • Utilities • Motor Vehicle Parts Dealers • Pipeline Transportation • Hospitals • Nursing and Residential Care Facilities • Credit Intermediation and Related Activities

5. Distinguishing Industries in Our Region West Central Region(Higher Wages, Concentration, Growth) • Heavy & Civil Engineering Construction • Food Manufacturing • Printing & Related Support Activities • Plastics & Rubber Product Mfg • Nonmetallic Mineral Product Mfg • Fabricated Metal Product Mfg • Machinery Manufacturing • Truck Transportation • Utilities • Telecommunications • Hospitals • Wholesale Trade, Durable & Non-Durable Goods • Nursing and Residential Care Facilities

6. West Central Trends

7. West Central Trends

8. West Central Trends

9. Distinguishing Industries in Our Region North Central Region(Higher Wages, Concentration, Growth) • Construction of Buildings • Heavy & Civil Engineering Construction • Food Manufacturing • Wood Product Manufacturing • Printing & Related Support Activities • Fabricated Metal Product Manufacturing • Transportation Equipment Manufacturing • Furniture & Related Manufacturing • Motor Vehicle & Parts Dealers • Building Material & Garden Supply Stores • Credit Intermediation & Related Services • Ambulatory Healthcare Services • Hospitals • Nursing and Residential Care Facilities • Agriculture

10. Why do we think regionally?

11. Laborsheds!

12. Laborsheds!

13. MN State Demographer says… At no time in our recent history have young workers had the opportunities for careers as they will in the near future. Jobs not available to older workers during their career will now be available, but to younger workers still in the labor market.

14. 20 Year Projected Population by Age Group Percent Change (2005-2025) in Northwest Minnesota

15. High School Graduations Source: Minnesota Office of Higher Education

16. Generation IQ Quiz • There are five different generations in the workplace today.  FALSE - There are four different generations: Veterans, Baby Boomers, Generation X, and Millennial (or Gen Y) Generation. • Veterans (born before 1945) are working into their retirement years because they need money for the rising costs of health care. TRUE - Veterans are working longer because of health care costs but also because they enjoy working and living active lives longer. Source: Success Performance Solutions, www.mystudio.com

17. Generation IQ Quiz • The Baby Boomers were born after 1977. FALSE - People born after 1977 generally fall in the Millennial (or Gen Y) generation. • Baby Boomers are responsible for the sixty hour work week. TRUE - Baby Boomers believe in promotion through long hours at work and started the 60+ hour workweek. • Generation Xers value loyalty to one company. FALSE - Generation Xers are independent and not afraid to leave a company if they are not happy. Source: Success Performance Solutions, www.mystudio.com

18. Generation IQ Quiz • One of the ways to help overcome conflict of Baby Boomers and Generation X is through the use of technology. TRUE - Generation Xers can mentor Baby Boomers and help them improve their computer skills. • Veterans make up the largest generation in the workplace.  FALSE - The largest generation in the workplace is the Baby Boomer generation but… Gen X and Gen Y combined already outnumber the Boomers! Source: Success Performance Solutions, www.mystudio.com

19. Generation IQ Quiz • Millennials and Veterans are connected because of their patriotic values.  TRUE - Because of September 11th, Millennials feel a connection to the war generation, the Veterans. • Millennials want a work environment that makes a difference in the world. TRUE - Millennials want to work for a company that is socially responsible and doing something for the outside community. Source: Success Performance Solutions, www.mystudio.com

20. Generation IQ Quiz 10. SecondLife.com refers to a website for workers who are laid off and looking for a second career. FALSE - Second Life is a three-dimensional virtual community created entirely by its membership. Members assume an identity and take up residence in Second Life. Source: Success Performance Solutions, www.mystudio.com

21. Gen X, Baby Bust Generation, born 1961-1981 • Workplace Impact • Skeptical of corporate promises, cynical that institutions will change, find creative ways around road blocks • Information not shared from Boomers leads to self-sufficient, self-directed, self-made • Lack validation-support-power to make changes • Modular or individual, less communal • Less able to build relationships and network to change status quo • Do more with less Source: Deborah Gilburg, CIO.com

22. Gen Y, Echo Boomers, Millennials, Trophy Kids, born 1982-2001 • Workplace Impact • Competition is a click away and global, innovative thinkers, entrepreneurial, education is good • Impatient, comfortable with speed and change, thrive in flexibility and space to explore, tech savvy • Love challenge, seek to make a difference, hero modality • Partner well with mentors, expect respect, value guidance, collaborative and resourceful • Goal oriented, success driven Source: Deloitte.com

23. Younger workers still must… • Gen X • Value the experiences of older workers • Be inclusive and accepting • Be ready for leadership, mentoring, sharing • Gen Y • Accept reality of the merit based economy • Value the experiences of older workers • Work on fundamentals • Grammar, customer service, formalities • Learn why they are perceived as they are.

24. The future is a job seeker’s market, if… • You have the right skills, education • You are goal, success oriented • You are young!

26. Computer skills Basic employability skills (soft skills) Technical skills Problem-solving skills Process improvement Supervisory/managerial Working on a team 8. Print reading 9. Customer service 10. Reading/writing/ communication 11. Math 12. English fluency 13. Innovative creative Building Capacity - Skills Needed Three-Year Outlook

27. Difference Between Job Seeker, Employer Source: Engin Sungur, UofMN-Morris, West Central Initiative study

28. Difference Between Job Seeker, Employer Source: Engin Sungur, UofMN-Morris, West Central Initiative study

29. Difference Between Job Seeker, Employer Source: Engin Sungur, UofMN-Morris, West Central Initiative study

30. Employment Trends Source: MN DEED, Employment Projections 2004-2014; QCEW 2001-2007; MN Demographer’s Office, Workforce Projections 2005-2035

31. Some Occupations in High Demand

32. “Paying Tuition Pays Off” • Tuition in Northwest MN • $4,357/year @ Central Lakes College in Brainerd and Staples • $20,980/year @ Concordia College in Moorhead • Student Debt from 4-Year Schools • Low: U of MN, Morris $15,490 • High: Concordia College, Moorhead $20,323

33. “Paying Tuition Pays Off” • High School Degree or Less • Lowest wages ($7.00/hour) • Lifetime earnings $582,400 • Vocational Certificate or 2-Year Degree • Wages double ($14.00/hour and up) • Lifetime earnings $1,164,800

34. “Paying Tuition Pays Off” • Return on Education Investment • $1 spent at one or two year education would return $134 in lifetime earnings • Best return on educational investment is a one or two year technical degree! • Also has the greatest demand in general

35. Did You Know?! • If you are 1 in a million in China, there are 1,300 people just like you – in India, that’s 1,100 • The 25% of China’s population with the highest IQ is more than the total population of North America, in India it’s 28% • China will soon become the #1 English speaking country in the world • In 2002 alone, Nintendo invested more than $140 million in research and development. The U.S. Federal Government spent less than half that on Research and Innovation in Education http://www.youtube.com/watch?v=xHWTLA8WecI&feature=related http://www.youtube.com/watch?v=FqfunyCeU5g&feature=related

36. Minnesota’s Future Economic Prosperity Tom Gillespie, Minnesota State Demographer says… “Education is the key to prosperity” • Specialized training or skills development (STEM, etc.) will keep our workers out of the low-wage, low-skill jobs. • Research and development • Innovation and entrepreneurship

37. The Long Term Impact of Younger Workers • Gen X & Gen Y are future leaders • Communities with young leadership will remain vibrant, sustainable • Creativity and innovation will keep the community competitive regionally and globally • Social networks and technology will continue to bring people together for a common purpose

38. Resources • Occupations in Demand http://www.deed.state.mn.us/lmi/tools/oid/default.aspx • Employment Projections http://www.deed.state.mn.us/lmi/tools/projections/Default.aspx • “Paying Tuition Pays Off” article http://www.deed.state.mn.us/lmi/publications/review/0907/rs.htm • Regional Career Websites www.iseek.org/northwest www.iseek.org/headwaters www.iseek.org/northcentral www.iseek.org/westcentral

39. Three Things to Remember • Northwest MN is economically prosperous • West Central has low unemployment rates, solid education and manufacturing base, many regional centers • Pending worker & skills shortage • Can we meet our future needs for skilled workers, and what happens if we cannot?! • Education is the key to prosperity • Specialized training or skills development (STEM, etc.) will keep our workers out of the low-wage, low-skill jobs. • The global market will out-compete us on low wages, low-wage jobs.

40. Thank you! www.positivelyminnesota.com Nate Dorr, Regional Analyst 218-333-8220 nathan.dorr@state.mn.us Bemidji Workforce Center Minnesota Department of Employment & Economic Development