Greater New Bedford Wia

Page 1

Employment Trends:What is happening in

Greater New Bedford WIA?

Navjeet SinghVice President, Research and Evaluation

[email protected]

Jonathan LatnerResearch and Evaluation Analyst

[email protected]

mailto:[email protected]

mailto:[email protected]

Page 2

Employment Trends: What is happening in Greater New Bedford WIA?

Massachusetts Employment Trends

Greater New Bedford Job and Employment Trends

Job Vacancies

Workforce Development Implications

Page 3

Massachusetts Employment Trends

Source: Department of Labor and Workforce DevelopmentCES Data, Seasonally Adjusted Data*Massachusetts Budget and Policy Center, State of Working Massachusetts, 9/3/06

January, 2001 – January, 2007Employment is recovering from recession, but has not equaled its Peak: Feb, 2001MA is 1 of 6 states that has not reached pre-recessionary employment numbers*

February, 2001

3,372,900

J anuary, 2007

3,224,700

December, 2003

3,167,100

3,000,000

3,100,000

3,200,000

3,300,000

3,400,000

2001 2002 2003 2004 2005 2006

Page 4

Do We Have Enough Workers Now? Many people are seeking work

From 2001 to 2005, in Massachusetts:

132,000 fewer employed

Population is increasing slightly

27,000 more “unemployed”

32,000 more working part-time

11,200 more marginally attached >> left the labor force shortly before

Note: Based on 12 month averages from Current Population Survey (CPS)Source: BLS (CPS) & Census (Non-employer)Source: Census American Community Survey (ACS)

Page 5

- 6

4 4

6

7

2

7

- 3

3

1 7

4 8

M a n u fa c t u r i n g

P r o fe s s i o n a l & B u s i n e s s S e r v i c e s

In fo r m a t i o n

T r a d e , T r a n s p o r t a t i o n & U t i l i t i e s

G o ve r n m e n t

F i n a n c i a l A c t i v i t i e s

C o n s t r u c t i o n

O t h e r S e r v i c e s

L e i s u r e a n d H o s p i t a l i t y

E d u c a t i o n & H e a l t h S e r v i c e s

Growth projected, 2005-2010 (‘000)

Massachusetts employment growth

Source: CommCorp Analysis of New England Economic Partnership Data

= Net New Jobs in Future

6

1 3

2

1 5

1

5

2

2

1 3

2 6

Includes Replacement Jobs and New Jobs = Current Hiring Needs

Job Vacancies, Q2, 2006 (‘000)

Page 6

Greater New Bedford WIA, Southeastern Mass. RCC & New Bedford NECTA

Page 7

A closer look at the Employed and Unemployed: New Bedford WIA

Compared to the employment peak in 2001, in 2005 in New Bedford WIA:

Population is flatLabor force increased by 2,400The number unemployed increased by 1500

Employment was higher by 3000

Note: Based on 12 month averages from LAUS (DWD) & CES (BLS) data as well as Census Population Estimates (DWD)

Page 8

Greater New Bedford WIA: Employment by Industry

Source: Massachusetts Department of Workforce DevelopmentES-202, 2005 Annualized

Employment (2005)

37348

8368961,2141,2601,509

1,6151,9452,2552,437

3,212

3,6203,624

4,2857,078

8,183

10,80512,194

12,942

MiningUtilities

Real EstateManagement of Co.

Information

ArtsFinance

AFFProf. and Tech. ServicesTransp. & Warehousing

AdministrationWholesale Trade

Other ServicesPublic Administration

Construction

Hotels & Food ServicesEducationalRetail Trade

ManufacturingHealth Care

Page 9

37348

8368961,2141,2601,5091,6151,9452,2552,437

3,2123,6203,624

4,2857,078

8,18310,805

12,19412,942

MiningUtilities


InformationArts

FinanceAFF

Prof. and Tech. ServicesTransp. & Warehousing



ConstructionHotels & Food Services

EducationalRetail Trade


Gr. New Bedford: Employment changes 2001-2005


Employment (2005) Employment Change (2001 – 2005)

545199

-184-482

11358

260123108

658-362

443-147

534313

980316

-11591187

Page 10

0%0%

1%2%

3%2%

6%0%

7%3%

5%4%

4%4%

5%8%

10%11%

10%15%

0%0%

1%1%

2%1%

2%2%

2%3%3%

4%5%5%

5%9%

10%14%

15% 16%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18%

MiningUtilities


InformationArts

FinanceAgri & Fishing







New Bedford

Massachusetts

Employment: Greater New Bedford compared to Massachusetts?


Page 11

Recent Employment trends and Regional Vacancy Rates

Source: Massachusetts Department of Workforce DevelopmentES-202, 2005 AnnualizedJob Vacancy Survey, 2nd Quarter, 2006

New Bedford Employment Growth (Q2, 2005 – Q2, 2006)

Note: JVS Available only at RCC Level. Information presented here represents Southeast RCC, not just New Bedford WIA

Southeast Job VacanciesQ2, 2006

-12-6

7-243

-57-21

2266

891,097

348-77

9831

-366111103

-29-140

189

MiningUtilities


InformationArts

FinanceAFF







36690

25957

77190

343325353

18519

1,406810

1,309782

2,331

Page 12

Average Industry Pay: Greater New Bedford compared to Massachusetts

Source: Massachusetts Department of Workforce DevelopmentES-202, 2005 AnnualizedJob Vacancy Survey, 2nd Quarter, 2006

Annual Pay

$44,195

$69,185

$31,847

$34,946

$22,167

$37,886

$42,645

$80,673

$45,272

$31,770

$37,950

$44,819

$19,939

$45,024

$39,254

$12,431

$43,915

$23,885

$44,653

$36,588

$50,392

$78,749

$50,232

$80,968

$29,678

$73,181

$98,526

$43,958

$83,292

$34,290

$43,781

$67,236

$26,130

$52,021

$52,866

$17,658

$45,601

$27,483

$62,501

$43,421

Mining

Utilities

Real Estate

Mgmt. Of Co.

Arts

Information

Finance

Agriculture & Fishing

Prof. & Tech. Services

Administration

Transp. & Warehousing

Wholesale Trade

Other Services

Government

Construction

Hotels & Food Services

Education

Retail

Manufacturing

Healthcare

Massachusetts

New Bedford

Page 13

Implications for Workforce Development

Need to retrain and place displaced workers from• Manufacturing

• Construction

Long-term need: address the need of growth sectors for educated and highly skilled workers• Healthcare

• Education

Long-term need: improve educational attainment. This may be done as part of an economic development strategy in partnership with education/research institutions and employers, to ensure that education and skills needed locally are developed

Career

Greater New Bedford Wia