Rural ConsortiumLabor Market Information

Just the Facts

Dee Funkhouser, Labor Market InformationColorado Department of Labor & EmploymentSeptember 25, 2013

Today’s Agenda● What is Labor Market Information?● Types of Data● Setting the Stage

► National► State

● Rural Consortium Data► Geographic► Industry► Occupation

Labor Market Information:Definitions

● Industry Employment & Wages● Occupation Employment &

Wages● Demand for Workers

Current Future

Workforce Data ● Bureau of Labor Statistics● State Labor Market Information Agencies

► Labor Force Participation► Unemployment► Industries and Occupations ► Wages and Earnings► Projections

● Wanted Analytics► Help Wanted On Line

Use of Labor Market Information

● Strategize for the Future► Support the Creation of

► New Industries►New Businesses

► Encourage New Partnerships

● Business Leadership► Your Company ► Your Occupation

● Support of Existing Community► Programs► Businesses► Services

► Economic Outlook: 2013 • Sequestration constraining 2013 growth

• U.S. GDP growth for 2012 was 2.2%

• Up marginally from 2011 at 1.8%

• Growth in 2013 forecast 1.9%

• Quarter 2, 2013 GDP came in at 2.5%• Up from 1.1% in Quarter 1, 2013• European Recession & U.S. policy

issues contributing to uncertainty The Conference Board

► Colorado Department of Labor and Employment, Labor Market Information

Months to Return to Previous Employment Peak

0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60

1982 (<1.5 Yrs) 1985 (3.5 Yrs)

2001 (5 Yrs) 2007 (Great Recession, 5.1 Yrs)

Unemployment RatesNot Seasonally Adjusted

1 6 11 16 21 262.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

Recession Rural Consortium Colorado

August 2013 Unemployment Rates, Unadjusted

Unemployment Rates Lowest 9 Counties● Hinsdale

3.1%● Jackson

3.3%● San Juan 3.6%● Baca

3.7%● Yuma

3.8%● Cheyenne

3.9%● Kiowa

4.0%● Kit Carson

4.0%● Ouray

4.0%

Highest 9 Counties● Rio Grande

8.9%● Crowley

9.1%● Otero

9.4%● Pueblo

9.7%● Las Animas

10.1%● Conejos

10.2%● Huerfano 10.7%● Costilla

11.3%● Saguache

12.4

Local Area Unemployment Statistics, August 2013

Quarterly Census of Employment and Wages, 2012

Colorado Statewide 2012Average Employment by Industry

0

50000

100000

150000

200000

250000

300000

350000

400000

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Source: Labor Market Information, Quarterly Census of Employment and Wages, 2011

Rural Consortium 2012As % of Statewide Employment

Agricu

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Mini

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Utilitie

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Const

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Man

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Who

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Tra

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Trans

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iness

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Other

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Public

Adm

insitr

ation

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

Source: Labor Market Information, Occupational Employment Statistics, 2012

Occupations & Wages: 4 Balance of State Areas● Central 19,680 $ 18,989 - $ 48,072

Office/Admin Support 2,830 $ 19,138 – $ 35,387 Protective Service 2,470 $ 38,856 – $ 52,564

Food Prep/Serving Related 2,050 $ 17,007 – $ 24,895

● Eastern & Southern 66,220 $ 18,512 - $ 43,291 Office/Admin Support 11,150 $ 18,762 – $ 34,224 Sales & Related 6,020 $ 17,233 – $ 33,773

Food Prep/Serving Related 5,610 $ 17,027 – $ 21,485

● North Central 73,500 $ 21,761 - $ 53,180 Food Prep/Serving Related 11,390 $ 17,038 – $ 28,823

Office/Admin Support 9,550 $ 23,430 – $ 43,012 Sales & Related 8,190 $ 20,504 – $ 47,334

● Western 100,620 $ 20,993 - $ 52,322 Office/Admin Support 16,690 $ 21,660 – $ 39,597 Sales & Related 11,370 $ 19,349 – $ 41,020

Food Prep/Serving Related 10,190 $ 17,034 – $ 24,580

Occupations & Wages: 2 MSAs

● Pueblo MSA 54,540 $ 18,322 - $ 48,451 Office/Admin Support 10,090 $ 18,202 – $ 33,308 Sales & Related 5,810 $ 17,270 – $ 33,518

Food Prep/Serving Related 5,620 $ 17,030 – $ 22,277

● Mesa MSA 57,920 $ 19,821 - $ 50,837 Office/Admin Support 9,150 $ 21,338 – $ 37,926 Sales & Related 7,340 $ 17,646 – $ 40,290

Construction/Extraction 5,400 $ 28,902 – $ 53,543

Source: Labor Market Information, Occupational Employment Statistics, 2012

Real-Time Labor Market Information

● Current job vacancy data by industry and occupation► Web-spidering technology► Eliminates duplication and automatically

codes data► Can provide occupation groups, job titles,

employer names, job ads

● Help Wanted On-Line

Source: The LMI Training Institute

Broomfield Detail: Last 7 Days

Sample Job AdsMontrose County Map

Source: The LMI Training Institute

Real-Time Labor Market Information

● Key Benefits► No time lag;

quick results► Quick look at

available jobs

● Caveats► No follow-up on

job descriptions► No full

understanding of data bias/quality

► Fee to users

LMI Projections ● Short-Term Projections

► Industry and Occupation► 2 years; Through 2014► Sensitive to Business Cycles

● Long-Term Projections► Industry and Occupation► 10 years; Through 2022► Long-Term Planning

Projections Data

Projected Trends► MSAs are growing ► Rural areas are lagging

Geographic Regions ► Statewide, 7 MSAs

4 Balance of State Regions► Rural Consortium

2 MSAs + 4 BOS Regions + Broomfield

Short Term Industry Projections

0

0.5

1

1.5

2

2.5

3

Colorado Grand Jct Pueblo Eastern &Southern

Western Central NorthCentral

An

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201

5

Labor Market Information, Industry Projections 2013 - 2015

Long-Term Industry Projections

0

0.5

1

1.5

2

2.5

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% G

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Long Term Industry Projections

Utilities

Information

Management of Companies & Enterprises

Agriculture, Forestry, Fishing & Hunting

Finance & Insurance

Wholesale Trade

Transportation & Warehousing

Manufacturing

Real Estate & Rental & Leasing

Arts, Entertainment, & Recreation

Other Services

Professional, Scientific, & Technical Services

Construction

Public Administration

Administrative/Support/Waste Management & Remediat

Educational Services

Mining

Retail Trade

Accommodation & Food Services

Health Care & Social Assistance

-250 1750 3750 5750 7750 9750 11750 13750

Long-Term Occupation Projections

Legal Computer & Mathematical

Architecture & Engineering Life, Physical, & Social Science

Farming, Fishing, & Forestry Community & Social Service

Arts, Design, Entertainment, Sports, & Media Healthcare Support Protective Service

Production Business & Financial Operations

Management Installation, Maintenance, & Repair

Building & Grounds Cleaning & Maintenance Personal Care & Service

Transportation & Material Moving Education, Training, & Library

Healthcare Practitioners & Technical Construction & Extraction

Sales & Related Office & Administrative Support

Food Preparation & Serving Related

0 500 1,000 1,500 2,000 2,500 3,000

Annual Growth Openings Annual Replacement Openings

http://www.colmigateway.com

Change is Coming . . .

LMI Web Site

December 2013/January 2014