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HOW LOUISVILLE IS USING LABOR MARKET INTELLIGENCE TO SHAPE ITS ECONOMIC FUTURE ERIC BURNETTE, WORKFORCE INTELLIGENCE & COMMUNICATIONS
&
MICHAEL GRITTON, EXECUTIVE DIRECTOR
KENTUCKIANAWORKS LOUISVILLE, KY
FOR POLICYMAKERS
WHERE ARE WE?
Source: EMSI Analyst
Source: EMSI Analyst
Source: EMSI Analyst
Source: EMSI Analyst
Overrepresented & High-paying
Underrepresented & High-paying
Overrepresented & High-paying
Underrepresented & High-paying
Source: EMSI Analyst
Under $20,000 9%
$20,000-‐$23,849 12%
$23,850-‐$34,999 30%
$35,000-‐$39,999 8%
$40,000-‐$44,999 5%
$45,000-‐$54,999 14%
$55,000-‐$74,999 12%
$75,000-‐$99,999 8%
$100,000 + 2%
Source: EMSI Analyst
27%
51% 22%
AUSTIN MSA OCCUPATIONAL WAGES BY TIER
Under $20,000 14%
$20,000-‐$23,849 11%
$23,850-‐$34,999 33%
$35,000-‐$39,999 10%
$40,000-‐$44,999 6%
$45,000-‐$54,999 10%
$55,000-‐$74,999 10%
$75,000-‐$99,999 5%
$100,000 + 1%
LOUISVILLE MSA OCCUPATIONAL WAGES BY TIER
26% 58%
16%
Source: EMSI Analyst
RESULTING CHANGES TO MAYOR’S STRATEGIC GOAL FOR WAGES
Original
New
Improve average wages (in all industries covered by unemployment insurance) to top quartile of urban peer cities by FY16. “Advantage Louisville,” our community’s five-year economic development strategy, will inform most of this goal’s initiatives.
Improve median annual wages, adjusted for cost of living, to the top half (1/2) of peer cities by 2020 and top third (1/3) by 2030.
RESULTING CHANGES TO MAYOR’S STRATEGIC GOAL FOR JOBS
Achieve an employment rate that is within the top quartile of peer cities annually and increase economic growth and innovation consistent with the Bluegrass Economic Advancement Movement (BEAM) Metropolitan Business Plan proposed by Brookings by FY18. "Advantage Louisville," our community's five-year economic development strategy, will inform most of this goal's initiatives.
Original
Proposed (Placeholder)
CENTRAL QUESTION: How do we get the most jobs we want (high wage/high demand) out of the industries we have?
FOR INDUSTRY PARTNERS
HEALTHCARE AS PERCENTAGE OF TOTAL JOBS
LOUISVILLE MSA
Source: EMSI Analyst
Acute Healthcare
7% 50,696 jobs
Longterm Healthcare
3% 17,907 jobs
All other industries
90% 600,122 jobs
All Other Industries
90% 600,122 JOBS
HEALTHCARE AS PERCENTAGE OF PROJECTED 2013-2023
JOB GROWTH LOUISVILLE MSA
Source: EMSI Analyst
Longterm Healthcare
6% 4,294 jobs
Acute Healthcare
16% 12,058 jobs
All Other Industries
78% 17,907 jobs
LONGTERM VS ACUTE HEALTHCARE BY INDUSTRY
LOUISVILLE MSA
Source: EMSI Analyst
ACUTE vs LONGTERM HEALTHCARE BY INDUSTRY
LOUISVILLE MSA
Source: EMSI Analyst
HEALTHCARE JOBS BY TOP JOB POSTINGS
LOUISVILLE MSA
Source: Burning Glass
HEALTHCARE JOBS BY TOP EMPLOYERS LOUISVILLE MSA
Source: Burning Glass
FOR THE PUBLIC
http://kentuckianaworks.org/Portals/2/KCC-Quarterly-Report-
Q32014.pdf
Sources: EMSI Analyst; Burning Glass/Labor Insight
LOUISVILLE MSA TOP 30 JOBS, JULY-SEPT. 2014
Source: Burning Glass
LOUISVILLE MSA TOP 30 JOBS ABOVE A LIVING WAGE ($36,795) 4th Quarter 2014
Sources: EMSI Analyst; Burning Glass/Labor Insight
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QUESTIONS? [email protected] OR [email protected] 502.574.2500