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OverviewOverview
• Regional demographic overviewRegional demographic overview
• Workforce supply analysis
i l d d f k• Regional demand for workers
• Balancing supply and demand
• Reviewing key cluster trends
• Key challenges for future workforceKey challenges for future workforce development policy
2
DEMOGRAPHIC CHANGEDEMOGRAPHIC CHANGE
Regional Growth Continues Faster than the US and Tennessee
3
Recent and Projected Population Growth for the Nashville Economic Market Areafor the Nashville Economic Market Area
2.5%
2.4%
2.0%
U.S.TennesseeNashville Area
1.5%
atio
n G
row
th
0.9%
1.3%
0 8%
1.3%
1.0%
Ann
ual P
opul
a
0.7%
0 3%
0.8%
0 3%
0.5%0.5%
0.3% 0.3%
0.0%2004-2009 2009-2014 2014-2019
Source: U.S. Census Bureau Population Estimates; Projections f rom EMSI4
Annual Population Growth in theG N h ill A
Annual Population
Greater Nashville Area(2004 to 2009)
2.6% 2.5% 2.4%
1.2%
Annual PopulationGrowth
(2004-2009)
More than 3.4%
3.0%1.3% 1.3%
3 9% 4 0%
2.4% to 3.4%
Less than 2.4%
2.6%
3.9% 4.0%*United States: 0.9%**Tennessee: 1.3%***Nashville Area: 2.4%
0 20
Source: US Census Bureau Population Estimates
Miles
5
Nashville Region Commuting Patterns
0 25Miles
20 000+
Commuters
5,000 to 9,9992,500 to 4,999
10,000 to 19,99920,000+
Source: US Census Bureau, Local Employment Dynamics (2008)
1,000 to 2,499
6
Migration Patterns for the Nashville Economic Market Area
140,000
115,440120,000
In-migrantsOut-migrants
Average Annual Income102,935
80,000
100,000
7-20
08)
Average Annual IncomeIn-migrants: $45,222Out-migrants: $43,160
55,391 58,17954,87746 809
60,000
Mig
ran
ts (2
007
46,809
20,000
40,000M
0Total In-State Out of State
Source: US Internal Revenue Service7
Largest Origins and Destinations of N h ill A Mi 2007 2008Nashville Area Migrants, 2007‐20081 400
1,200
1,400Total Arriving to Nashville
Total Leaving Nashville
800
1,000
nts
(200
7-08
)
600
umbe
r of M
igra
n
200
400N
0
Source: IRS
8
Age Structure of the Existing PopulationPopulation
140,000
126,494
100,000
120,000
80,000
ange, 2000‐2009
46,772
67,582
40 000
60,000
Popu
lation
Cha
,
24,357
39,917
20,000
40,000
0
Pre & Young Schoolers (0‐9)
Next Gen Talent (10‐19) Prime Working Age (20‐54)
Pre‐Retirees (55‐64) Retirees (65 and over)
Source: U.S Census Bureau Population Estimates
9
Population Growth by EthnicityPopulation Growth by Ethnicity9%
U.S.
8.0%
8.5%
7%
8%
U.S.TennesseeGreater Nashville Area
4 9%5%
6%
latio
n (2
004-
2009
)
3.3%
4.0%
4.9%
3%
4%
% C
hang
e in
Pop
ul
1 0%
2.7%
0 9%1.3%
1.8%
2.3%
1%
2%
%
0.2%1.0%0.9%
0%White alone Black or African American Hispanic or Latino (of any
race)Asian
EthnicitySource: Census, EMSI10
WORKFORCE SUPPLYWORKFORCE SUPPLY
Unemployment Up;
Lower Skill Workers at Greatest Risk
11
Unemployment RateUnemployment Rate
12%
10.5%
9 3%
10%
US
Tennessee
Nashville Area
9.3% 9.3%
8%
ent R
ate
5.5% 5.4%
4.5%4%
6%
Une
mpl
oym
e
4.5%
2%
4%
0%2004 2009
Source: Bureauof Labor Statistics
12
Unemployment by Educational Level in Nashville Market Area (2006‐2008)Nashville Market Area (2006 2008)
12.0%
Source: American Community Survey
9.9%10.0%
21.0%18.7%
5.5%6.0%
8.0%
Less than high school graduate
Hi h h l d5.5%
4.0%4.0%
4.5% avg.
25.7%
High school graduate
Some college or associate's degree
2.5%
2.0%34.6%
degree
Bachelor's degree or higher
0.0%
Less than high school graduate High school graduate Some college or associate's degree
Bachelor's degree or higher 13Source: American Community Survey
Unemployment by Educational Level in Nashville Metro Area (2009)
18.3%18.0%
20.0%
Source: American Community Survey
Nashville Metro Area (2009)
14.0%
16.0%
19.1%16.7%
10.1%10.0%
12.0%Less than high school graduate
Hi h h l d
7.8%
6.0%
8.0% Nashville Metro Area: 7.7%
29.7%
High school graduate
Some college or associate's degree
3.5%
2.0%
4.0%34.5%
degree
Bachelor's degree or higher
0.0%
Less than high school graduate High school graduate Some college or associate's degree
Bachelor's degree or higherSource: American Community Survey 14
Educational Attainment of Population Aged 25 and Above
40%
33.5%
30%
35%
%
U.S.TennesseeGreater Nashville Area
28.1%
22.0%22.1%
29.5%
23.6%
25%
30%
atio
n (2
5+)
17.0%
14.1%
18.9%
15%
20%
% o
f Pop
ula
6.2%
10.6%
6.4%
9.7%
6.3%
11.4%
5.2%
7.5%
3.9%
9.3%
5.7%
8.9%
5%
10%
0%Less than 9th
grade9th to 12th grade,
no diplomaHigh School
Graduate (includes equivalency)
Some College, no degree
Associate's degree Bachelor's degree Graduate/ Professional
Educational Attainment (2009)Source: EMSI15
Areas with Concentrations of h d lHigh Educational Attainers
16
Earnings by Educational Attainment ( )(2006‐2008)
$55,452 G d t f i l
$63,174
$43,095
$54,165
$45,477
Bachelor's degree
Graduate or professional degree
$33 838
$47,853
$31,019
$34,121 Some college or associate's
degree
g
$27,448
$33,838
$25,485
$28,583 High school graduate (includes
equivalency) Greater Nashville Area
Tennessee
$19,989
$18,918
$34 712
$20,584
Less than high school graduateUS
$34,483
$30,562
$34,712
$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000
Average Wages for Population 25+
Source: ACS
17
WORKFORCE DEMANDWORKFORCE DEMAND
Continued Opportunities in Services,
Extended Road to Recovery
18
Nashville Supersectors as Percent of l lTotal Employment
18 0%18.7%
Trade, Transportation & Utilities
14.7%
15.9%
18.0%
13.1%
14.1%
Education & Health Services
Professional & Business Services
10.0%
10.4%
10 0%
10.6%
10.7%
Leisure & Hospitality
Government
5.3%
10.8%
6.0%
7.1%
10.0%
Construction
Manufacturing
Financial Activities
2.2%
5.7%
6.2%
2.5%
5.7%
Information
Other Services
Construction
2009
2019
0.9%
1.4%
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%
Agriculture & Mining
Percent of Total EmploymentSource: EMSI
19
Projected “Supersector” Industry h dGrowth Trend
U SN h ill E i M k t A U.S
2009 Emp Emp
Change Annual Growth
Annual Growth
Nashville Economic Market Area
Supersector Estimate 2009‐2019 Rate RateTrade, Transportation & Utilities 199,316 19,288 0.9% 0.4%Professional & Business Services 150,418 42,933 2.5% 2.0%Ed ti & H lth S i 139 121 39 042 2 5% 2 1%Education & Health Services 139,121 39,042 2.5% 2.1%Government 113,385 13,493 1.1% 0.6%Leisure & Hospitality 113,268 8,416 0.7% 0.9%Financial Activities 106,953 23,767 2.0% 1.9%, ,Manufacturing 75,814 ‐11,805 ‐1.7% ‐0.9%Construction 63,670 12,230 1.8% 1.0%Other Services 60,621 8,922 1.4% 1.1%I f ti 26 480 323 0 1% 0 4%Information 26,480 ‐323 ‐0.1% 0.4%Agriculture & Mining 15,275 ‐4,326 ‐3.3% 0.0%Total 1,064,321 151,637 1.3% 1.1%Source: EMSI
20
Fastest Growing High Wage Occupations
Emp Annual
SOC Occupation2009 Emp Estimate
Emp Change
2009-2019
Annual Growth Rate 2009-2019
Median Earnings
Educational Requirements
29-1111 Registered nurses 16,346 5,561 2.97% $28.76Associate's degreeBachelor's
13-2011 Accountants & auditors 9,504 3,070 2.84% $21.89Bachelor s degree
43-1011
First-line supervisors/managers of office & administrative support workers 12,110 2,297 1.75% $20.66
Work exp. in a related field
11-9199 Managers, all other 10,695 2,109 1.82% $20.27Work exp. in a related field
13-1111 Management analysts 5,939 1,955 2.89% $25.36Degree plus work exp.
Source: EMSIG t th R i l M di E i f $17 30Greater than Regional Median Earnings of $17.30
21
Preparing for Transitionh ’ kThe region’s Most at‐risk Occupations
SOC Occupation2009 Emp Estimate
Emp Change
2009-2019
Annual Growth Rate 2009-2019
Median Earnings
Educational Requirements
11-9012 Farmers & ranchers 9,161 (3,456) -4.63% $7.26 Long-term OJT
51-2092 Team assemblers 11,085 (1,102) -1.04% $18.79Moderate-term OJT
35-3021
Combined food preparation & serving workers, including fast food 18,008 (779) -0.44% $8.07 Short-term OJT35 3021 food 18,008 (779) 0.44% $8.07 Short term OJT
11-9011Farm, ranch, & other agricultural managers 2,218 (654) -3.43% $11.15
Degree plus work exp.
53-7064 Hand packers & packagers 5,014 (477) -0.99% $9.38 Short-term OJTSource: EMSI
22
Employment Share by Education Requirement30 0%
4‐Year College Degree18%
Advanced Degree3%
24.0% 23.7%25.0%
30.0%
Short‐Term Training33%
18%
Short‐
Advanced Degree5%
20.0%
T h/S P t
ShortTerm
Training24%
4‐Year College Degree24%
16.5%15.4% 15.1%
15.0%
Tech/Some Postsec9% Moderate
Training15%
Long Term
Training/
Tech / Some Postsec
10.0%
Training/Exp15%
17%
% of New Jobs
5.3%5.0%
Moderate Training19%
Long Term Training/Exp
18%% of Total Jobs
0.0%
4‐Year College Degree
Short‐Term Training Tech/Some Postsec Moderate Training Long Term Training/Exp
Advanced Degree
Source: EMSI
Employment Composition by Educationp y p y
3 6%
3.4%Advanced Degree
18.5%
3.6%
17.7%4‐Year College Degree
9.9%
8.9%Tech/Some Postsec. % of Total Employment ‐ 2009
% of Total Employment ‐ 2019
17.5%
19 2%
17.8%Long Term Training/Exp.
18.7%
32.3%
19.2%
Sh t T T i i
Moderate Training
31.2%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%
Short‐Term Training
Source: EMSI
24
Summary of Regional Workforce DemandRegional Workforce Demand
• Employment growth to return– Added 46,000 net new jobs since 2004; but lost
ground during the recession;ground during the recession; Not enough to retain full employment
– Back to full employment by 2014/2015– Expected to add more than 150,000 jobs by 2019p j y
• Two‐thirds of new employment growth will occur in 3 economic supersectors:– Professional & business service– Education & health services – Trade, transportation & utilities
• Highest growth in high skill occupations:– Nursing– Accounting and financial management– Various managerial positions– High skill IT‐related occupations– Truck driving
25
The Potential Labor Market GapThe Potential Labor Market Gap
A L b F A d 16+ (2009)* 894 051Estimated Need for Workers
A Labor Force Aged 16+ (2009)* 894,051 B Labor Force Aged 16+ (2019 Projected)* 942,188 C Projected Net New Workers (B‐A) 48,137 D Available Unemployed Workers (2009) 80,231D Available Unemployed Workers (2009) 80,231 E Unemployed at "Full Employment" (est. 4%) 34,508 F Total Available Workers 2009 Due to Recession (D‐E) 45,723 G Total Existing Local Workers Available by 2019** (C+F) 93,860 H Projected New Job Creation (2009‐2019) 151,637 I Projected Additional People Required for these New Jobs*** 117,548 J Projected Gap by 2019 (H‐G) 23,688 Calculations: CREC based on Data from EMSI, DemographicsNow
**Assumes unemployment rate of 4.0%
*Based on Population times estimated labor force participation rate in 2008 and 2018 as published in BLS, "Labor Force Projections to 2018," Monthly Labor Review, November 2009.
26
Assumes unemployment rate of 4.0%***Assumes 1.2 jobs filled by each person in the labor force (similar ratio as 2009) due to combination of turnover and individuals holding multiple jobs
KEY CLUSTER TRENDSKEY CLUSTER TRENDS
Growth “Engines” Rebounding,
But the “Bounce” Varies Widely
27
Where the Jobs Will Be: l hHealth Care
SOC OccupationEst Cluster Emp 2009
Est Cluster Emp 2019
Δ Emp 2009 - 2019
Median Earnings
Educational Requirements
29 1111 Registered nurses 13 158 18 182 5 024 $28 76 Associate's degree
Key Industry Trends• Aging population driving increased demand• Increased competition between medical service providers in29-1111 Registered nurses 13,158 18,182 5,024 $28.76 Associate s degree
31-1012Nursing aides, orderlies, & attendants 6,109 8,121 2,012 $11.90 Postsec. voc. award
29-2061Licensed practical & licensed vocational nurses 5,051 6,617 1,566 $18.59 Postsec. voc. award
29 1069 Ph i i & 4 433 5 535 1 102 $91 81 Fi t f i l d
• Increased competition between medical service providers in retail settings vs. traditional hospital or medical offices
• Uncertain impact of health care reform29-1069 Physicians & surgeons 4,433 5,535 1,102 $91.81 First professional degree31-1011 Home health aides 3,485 4,780 1,295 $10.34 Short-term OJT29-1051 Pharmacists 526 688 162 $54.19 First professional degreeSource: EMSIKey Occupations and Workforce Issues• Family practice physiciansFamily practice physicians• Nursing and allied health• Health care programmers and IT support
28
Where the Jobs Will Be: f h lInformation Technologies
Key Industry Trends
SOC OccupationEst Cluster Emp 2009
Est Cluster Emp 2019
Δ Emp 2009 - 2019
Median Earnings
Educational Requirements
• Banking, distribution, and health care administration big regional drivers
• Increased pressure to improve worker productivitySOC Occupation Emp 2009 Emp 2019 - 2019 Earnings Requirements15-1021 Computer programmers 1,028 1,612 584 $26.69 Bachelor's degree
15-1031Computer software engineers, applications 699 1,597 898 $34.28 Bachelor's degree
15-1051 Computer systems analysts 638 1,400 762 $27.81 Bachelor's degree15 1041 C t t i li t 475 1 222 747 $19 90 A i t ' d
Increased pressure to improve worker productivity
Key Occupations and Workforce Issues15-1041 Computer support specialists 475 1,222 747 $19.90 Associate's degree
15-1081Network systems & data communications analysts 444 897 453 $23.09 Bachelor's degree
Source: EMSI
• Continuous demand for IT workers throughout the recession– Specialized programmers, engineers, network systems managers & analystsg y
• Continuous professional/skill development– Technology leads to rapid erosion of skillsN d f t t l k l d f lti l fi ld• Need for contextual knowledge from multiple fields– E.g., IT/healthcare, IT/Finance
29
Where the Jobs Will Be:dHeadquarters
E t Cl t E t Cl t Δ E 2009 M di Ed ti l
Key Industry Trends• Found across a wide array of clusters – health care,
finance/insurance, manufacturing, information, restaurants, etc.SOC Occupation
Est Cluster Emp 2009
Est Cluster Emp 2019
Δ Emp 2009 -2019
Median Earnings
Educational Requirements
43-4051 Customer service representatives 570 990 420 $14.23 Moderate-term OJT11-9199 Managers, all other 514 600 86 $20.27 Work exp. in a related field11-1021 General & operations managers 505 803 298 $38.37 Degree plus work exp.11 1011 Chief executives 422 522 100 $39 94 Degree plus work exp
• Growth projected in these activities, competing for regional and national HQs
11-1011 Chief executives 422 522 100 $39.94 Degree plus work exp.11-3031 Financial managers 376 657 281 $33.40 Degree plus work exp.Source: EMSIKey Occupations and Workforce Issues• Executives and managers• Finance professionals• Finance professionals• Administrative personnel• Customer service representatives
30
Where the Jobs Will Be:h dFinance & Shared Services
Key Industries in Cluster
Est Cluster Est Cluster Δ Emp 2009 Median Educational
Key Industries in Cluster• Traditional and specialty insurance, accounting, and regional bankingD t i i di l tili ti t iSOC Occupation Emp 2009 Emp 2019 - 2019 Earnings Requirements
41-3021 Insurance sales agents 5,247 5,710 463 $17.20 Bachelor's degree13-2052 Personal financial advisors 4,230 5,832 1,602 $14.93 Bachelor's degree43-4051 Customer service representatives 3,564 4,009 445 $14.23 Moderate-term OJT13-2011 Accountants & auditors 3,540 4,804 1,264 $21.89 Bachelor's degree
• Data mining, medical utilization management, insurance intermediation, and employee benefit consulting
, , , $ g
41-3031Securities, commodities, & financial services sales agents 3,036 4,124 1,088 $17.42 Bachelor's degree
Source: EMSI
Key Occupations and Workforce Issues• Jobs of varying skill‐level required across the industryI d d kill i l d B i IT i ti bilit t• In demand skills include: Basic IT, communication, ability to manage high skill and technical people
31
Where the Jobs Will Be:Creative Economy
Key Industry Trends
Est Cluster Est Cluster Δ Emp 2009 - Median Educational
Key Industry Trends
• Large proportion of proprietors and independent artists
• Recession’s reduce willingness for individuals risk‐takingSOC Occupation Emp 2009 Emp 2019 2019 Earnings Requirements
27-3043 Writers & authors 3,696 4,329 633 $11.23 Bachelor's degree27-2042 Musicians & singers 3,348 3,068 (280) $18.05 Long-term OJT27-2041 Music directors & composers 1,898 2,193 295 $10.15 Degree plus work exp.
Entertainers & performers, sports
Recession s reduce willingness for individuals risk taking
• Importance of the region’s artistic “milieu” as an amenity for other high skill sectors
27-2099p , p
& related workers, all other 1,697 1,560 (137) $12.33 Long-term OJT27-1014 Multi-media artists & animators 1,048 1,206 158 $12.70 Bachelor's degreeSource: EMSIKey Occupations and Workforce Issues
I d d d f id ( i i )• Increased demand for content providers (writers, artists)
• Need for business and career management skills (e.g., music management) integrated with “talent”management) integrated with talent
32
Where the Jobs Will Be: d d fAdvanced Manufacturing
SOC OccupationEst Cluster Emp 2009
Est Cluster Emp 2019
Δ Emp 2009 -2019
Median Earnings
Educational Requirements
Key Industry Trends• Investments in capital lead to increased productivity, but also job
lSOC Occupation Emp 2009 Emp 2019 2019 Earnings Requirements51-2092 Team assemblers 5,673 4,810 (863) $18.79 Moderate-term OJT
51-2099 Assemblers & fabricators, all other 3,020 2,696 (324) $15.73 Moderate-term OJT51-9199 Production workers, all other 1,003 873 (130) $13.57 Moderate-term OJT
First line supervisors/managers of
loss• Major “unexpected” investments can change projections
51-1011First-line supervisors/managers of production & operating workers 981 792 (189) $23.49 Work exp. in a related field
51-4041 Machinists 942 739 (203) $20.43 Long-term OJTSource: EMSI
Key Occupations and Workforce Issues• Replacements and incumbents alike will need: increased technical
skills greater flexibility across jobs and occupationsskills, greater flexibility across jobs and occupations• Firms looking for:
– Machine operators, industrial engineering techsCh i l d l i i– Chemical and electronic engineers
33
Where the Jobs Will Be: b d
Key Industry Trends
Distribution and Logistics
SOC OccupationEst Cluster Emp 2009
Est Cluster Emp 2019
Δ Emp 2009 - 2019
Median Earnings
Educational Requirements
53-3032 Truck drivers, heavy & tractor-trailer 8,658 9,427 769 $18.14 Moderate-term OJT
53 7062 Laborers & freight, stock, &
• Increase in sophisticated information management systems
• Traditional retailers and wholesalers are assuming greater role in di t ib ti ti iti53-7062 g , ,
material movers, hand 3,587 3,591 4 $10.93 Short-term OJT
53-3033 Truck drivers, light or delivery services 1,787 1,944 157 $16.31 Short-term OJTSales representatives, wholesale &
distribution activities
Key Occupations and Workforce Issues41-4011p ,
manufacturing, technical & scientific products 1,370 1,471 101 $23.73 Moderate-term OJT
41-4012Sales representatives, wholesale & manufacturing, except technical &
Key Occupations and Workforce Issues
• Increased demand for heavy truck drivers with CDL and updated safety certifications
scientific products 1,289 1,343 54 $23.81 Moderate-term OJTSource: EMSI• Increased demand for IT and engineering personnel familiar with
logistics operations
34
Where the Jobs Will Be: l
Key Industry Trends
Hospitality
SOC OccupationEst Cluster Emp 2009
Est Cluster Emp 2019
Δ Emp 2009 - 2019
Median Earnings
Educational Requirements
• Huge impacts from spring flooding, future growth from new projects– Music City Convention Center downtown
• Declines in business and leisure travel may begin to see the “light at p p p g q35-3031 Waiters & waitresses 16,717 19,093 2,376 $8.44 Short-term OJT
35-3021 Combined food preparation & serving workers, including fast food 15,462 14,241 (1,221) $8.07 Short-term OJT
35-2014 Cooks, restaurant 6,196 7,153 957 $10.90 Long-term OJT11-9051 Food service managers 4,441 5,205 764 $18.22 Work exp. in a related field
the end of the tunnel”
Key Occupations and Workforce Issues35-1012
First-line spvrs. /mgrs. of food preparation & serving workers 4,324 4,380 56 $13.20 Work exp. in a related field
Source: EMSI
y p• Most in‐demand occupations require OJT• Greater need for incumbent worker supervisory and customer
service skill trainingg– STEM areas in food, worker, and customer safety
• Older workforce reduces turnover– e.g., front desk and housekeeping personnelg , p g p
35
Where the Jobs Will Be:ConstructionConstruction
Key Industry Trends
SOC OccupationEst Cluster Emp 2009
Est Cluster Emp 2019
Δ Emp 2009 - 2019
Median Earnings
Educational Requirements
• Recession have great impact on regional construction industry, but several large projects will create opportunity
• Significant changes afoot in construction methods and processesSOC Occupation Emp 2009 Emp 2019 2019 Earnings Requirements47-2031 Carpenters 7,805 8,512 707 $20.87 Long-term OJT47-2061 Construction laborers 6,767 8,074 1,307 $16.37 Moderate-term OJT
47-1011First-line supervisors/managers of construction trades & extraction workers
5,501 6,362 861 $23.39 Work exp. in a related field
g g p– LEED and green‐related construction outpacing the market’s willingness to pay
a premium
– Adoption of building information modeling (BIM) in the design phase will likely workers11-9021 Construction managers 5,035 5,653 618 $23.60 Bachelor's degree47-2111 Electricians 3,476 4,660 1,184 $19.33 Long-term OJTSource: EMSI
p g g ( ) g p yimprove construction processes, reduce down time and costs
Key Occupations and Workforce Issues• Continued gap in finding electricians and carpenters with appropriate skills
G t d f i ti j t l t d t ti• Greater need for existing project managers, selected construction engineers, and/or front‐line supervisors– Need for some additional skills to improve competitive position 36
Summary: Key ClustersSummary: Key ClustersWhere the Jobs Will Be…
EventuallyWhere Key Challenges Exist
Eventually• Health Care• Headquarters
• Construction
• Advanced Mfg• Finance & Shared Services• Distribution and Logistics
I f ti T h l
Advanced Mfg
• Creative Economy
• Information Technology, esp. for– Health care– Logistics– Finance
• Hospitality
37
Policy ImplicationsChallenge Strategy Recommendations
• Improve information dissemination about job opportunities (e.g., web‐scraping & real‐time LMI)
• Improve efficiency of labor market exchange (e.g., www.myskillsmyfuture.org)
• Improve information dissemination about job opportunities (e.g., web‐scraping & real‐time LMI)
• Improve efficiency of labor market exchange (e.g., www.myskillsmyfuture.org)
Short‐term unemployment
• Target training for incumbent workers (to save jobs)• Target training for incumbent workers (to save jobs)
• Increase labor force participation among older and special populations
• Increase labor force participation among older and special populationsLong‐term worker
h • Reinforce in‐migration (and retention) of skilled workers through unique amenities & academic programs
• Reinforce in‐migration (and retention) of skilled workers through unique amenities & academic programs
shortages
• Identify specialized education/training needs for target sectors
• Identify specialized education/training needs for target sectorssectors
• Fill curriculum and program gaps and provide contextual learning opportunities to meet sector SKILL needs
• Expand internships/apprenticeships at colleges and universities to help with work readiness
sectors• Fill curriculum and program gaps and provide contextual learning opportunities to meet sector SKILL needs
• Expand internships/apprenticeships at colleges and universities to help with work readiness
Targeting to growth sectors
universities to help with work readinessuniversities to help with work readiness
• Increase career education esp. re: high skill high demand occupations
• Increase college graduation rates, esp. STEM disciplines
• Increase career education esp. re: high skill high demand occupations
• Increase college graduation rates, esp. STEM disciplinesPreparing the talent
pipeline • Enable greater access and incent completion of post‐secondary programs through support programs
• Enable greater access and incent completion of post‐secondary programs through support programs
pipeline
38
