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Enterprise Florida Stakeholders Council Meeting Services to Support Economic Development Labor Market Statistics Center January 27, 2012 Labor Market Information Mission To Produce, Analyze, and Deliver Labor Statistics to Improve Economic DecisionMaking Employment data are the state’s most important economic indicator 1 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 2 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 3 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 Thanks to employers …. Without them we would not be able to provide data 4 Who are the customers of Labor Market Statistics? Workforce / Economic Development DecisionMakers Employers / Job Seekers Education / Welfare Planners Career Counselors / Teachers Economists / Policy Makers Elected Officials Media 5 Labor Market Statistics Center Products and Services That Support Economic Development Labor supply studies for business recruitment Labor cost analysis for business site selection Skills-matching analysis for reemployment Economic impact analysis for job creation GIS maps for business recruitment Vacancy / hiring needs surveys for reemployment Targeted occupations for reemployment Targeted industry profiles for job creation Employer listings for business recruitment Competitive analysis for prison industry staffing Competitive analysis for federal rural business loans Targeted Employment Areas (TEAs) for foreign investor program Census commuting patterns for job creation Education and skill rankings by region 6 Live and Work in the Region Workforce Region 5 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, December 2011. 7 Commuting to the Region Workforce Region 5 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, December 2011. 8 9 Potential Employees in Aircraft Manufacturing 10 Location of Firms in Aviation and Aerospace 11 12 13 Education and Training pay … 2010 Annual Average Unemployment Rate Median Earnings (Percent) (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 fulltime wage and salary workers. 2010 Weekly Median Earnings (multiplied by 52 weeks). 14 Florida Department of Economic Opportunity Labor Market Statistics Center Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida 32399-4111 Phone (850) 245-7257 Rebecca Rust [email protected] floridajobs.org fred.labormarketinfo.com floridawages.com whatpeopleareasking.com 15