Enterprise Florida Stakeholders Council Meeting

Enterprise Florida Stakeholders Council Meeting

Services to Support Economic Development

Labor Market Statistics Center January 27, 2012

Labor Market InformationMission

To Produce, Analyze, and Deliver Labor Statistics to

Improve Economic Decision-Making

Employment data are the state’s most important economic indicator

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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

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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

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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 …. Thanks to employers …. Without them we would not be able to provide dataWithout them we would not be able to provide data

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Who are the customers of Labor Market Statistics?

Workforce / Economic Development Decision-Makers

Employers / Job Seekers

Education / Welfare Planners

Career Counselors / Teachers

Economists / Policy Makers

Elected Officials

Media

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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 reemploymentEconomic impact analysis for job creationGIS maps for business recruitmentVacancy / hiring needs surveys for reemploymentTargeted occupations for reemploymentTargeted industry profiles for job creationEmployer listings for business recruitmentCompetitive analysis for prison industry staffingCompetitive analysis for federal rural business loansTargeted Employment Areas (TEAs) for foreign investor programCensus commuting patterns for job creationEducation and skill rankings by region

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Live and Work in the RegionWorkforce 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.

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Commuting to the RegionWorkforce 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.

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Potential Employees in Aircraft Manufacturing

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Location of Firms in Aviation and Aerospace

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Education and Training pay …2010 Annual Average

Unemployment Rate(Percent)

Median Earnings (Dollars)

Master’s degree

Bachelor’s degree

Associate degree

Some college, no degree

High-school graduate

Some high-school, no diploma

Professional degree

Doctoral degree

Notes: Unemployment and earnings for workers 25 and older, by educational attainment; earnings for full-time wage and salary workers. 2010 Weekly Median Earnings (multiplied by 52 weeks).

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FloridaDepartment of Economic Opportunity

Labor Market Statistics Center

Caldwell BuildingMSC G-020

107 E. Madison StreetTallahassee, Florida 32399-4111

Phone (850) 245-7257

Rebecca Rustrebecca.rust@deo.myflorida.com

floridajobs.orgfred.labormarketinfo.com

floridawages.comwhatpeopleareasking.com

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