Occupational Insights Report Hartford County. August, 2014

Transcription

1 Occupational Insights Report Hartford County August, 2014

2 Occupational Insights Report (1) Contents Economic Backdrop... 3 Highlights... 3 Industry... 3 Top 5 Occupational Yearly Trend... 3 Top 5 Growth Industries Capital Workforce Partners-Focused Industries... 3 Occupations... 3 Top 5 Occupational by Occupation... 3 by Industry... 4 Top 20 By Occupation... 5 Top 20 - Middle Skill Occupations... 5 Talent Demand by Skills Top Sector-Focused Talent Demand by Occupation... 7 Healthcare... 7 Manufacturing... 8 Construction... 9 Occupation Highlight Focus on Computer Occupations Notes (1) For an explanation of the data and Middle Skills definition, see the Notes section at the end of this document.

3 Economic Backdrop On a not-seasonally adjusted basis, CT s unemployment rate was 6.4 as of June, 2014, a decrease of 1.7 compared to June, This compares to a drop of 1.4 to 6.1 for the U.S. The unemployment rate in the Hartford Labor Market Area (LMA) was in line with that of Connecticut at 6.5. Connecticut s jobs recovery has continued to be slow through June, with only 61.7 of jobs being recovered from peak to trough during the recession. The nation is at a jobs recovery rate. Highlights Nationally, labor demand is at historically high levels with 1.9 unemployed persons for each advertised vacancy; this is down from a peak of 5.2 in June Moving into the second quarter of 2014 in Hartford County: o After rising by almost 50 in the first quarter, Manufacturing online postings decreased by 17.7 (673) during the second quarter of However, online postings were up 31.4 (747) over the past year. o Construction has made a strong comeback and will potentially lead Connecticut's job growth; this highlights CWP s continued need for its successful Funnel program which trains workers for the construction industry. o Demand for Tractor-Trailer Truck Drivers has shown the largest rise in the number of online postings over the past year, increasing by 350 or o Home Health Aides shows the highest growth in terms of percentage change (514 jobs; 24.2 increase) from to within healthcare occupations. However, wages are low and often do not carry health benefits. o Computer occupations continue to dominate the top 20 online postings with six of the top 20 being computer-related. Industry Top 5 Occupational Yearly Trend Top 5 Growth Industries ,000 4,000 3,000 2,000 1, Q Q Q Q2 Finance and Insurance Retail Trade Manufacturing Health Care and Social Asst Prof, Scientific, and Tech Svcs Capital Workforce Partners-Focused Industries Health Care and Social Assistance Professional, Scientific, and Technical Services Accommodation and Food Services Administrative and Support and Waste Management and Construction 2014 Avg Wages Jan-Mar 14 Health Care and Social Assistance 75,865 83,074 7, $50,756 2,924 (203) (6.5) Construction 19,970 21,667 1, $52, Manufacturing 54,388 51,049 (3,339) (6.1) $80,022 3,124 (673) (17.7) Occupations Top 5 Occupational by Occupation 32,063 35,415 33,180 36,304 27,169 30,231 19,970 21, ,000 40,000 60,000 80,000 (Including ; note that the Federal Poverty Level at 200 of poverty for a family of 4 is $47,700.) 1,400 1,200 $39,882 $25,480 $82,110 1,000 $113,954 $77, First-Line Supvrs of Retail Salespersons Computer Systems Marketing Managers Registered Nurses Retail Sales Workers Analysts 2013 Q Q Q Q Q2 75,865 83,074 3

4 by Industry After rising by almost 50 in the first quarter, Manufacturing online postings decreased by 17.7 (673) during the second quarter of However, online postings were up 31.4 (747) over the past year. The Finance and Insurance industry, a major sector for employment in Hartford County, continues to post the largest number of online postings despite declining growth projections. These postings have been consistently high over the past year, approaching almost 4,800 during the last quarter. Growth with the sector, however, has shown strong gains and losses within specific subsectors. For example, life- and pensions-related lines of business are declining while portfolio management (personal financial advisors, financial services sales agents, and financial analysts, etc.) and property casualty line are expected to grow. Construction has made a strong comeback over the past several months and will potentially lead Connecticut's job growth. The industry hit hardest by the Great Recession is poised for a strong rebound as public projects move forward and the backlog of private projects built up during the economic downturn starts to clear. However, the Construction industry is coming back from a very low place Avg Wages Apr-Jun from Prior Quarter Finance and Insurance 56,813 53,861 (2,952) (5.2) $118,396 4, Retail Trade 50,006 50, $28,855 3, Manufacturing 54,388 51,049 (3,339) (6.1) $80,022 3,124 (673) (17.7) Health Care and Social Assistance 75,865 83,074 7, $50,756 2,924 (203) (6.5) Prof, Scien and Technical Svces 32,063 35,415 3, $79,230 1,978 (98) (4.7) al Services 12,622 13,691 1, $41,247 1, Info 10,741 11, $91,269 1, Admin, Support, Waste Mgt, Rem Svcs 27,169 30,231 3, $38,256 1,300 (45) (3.3) Wholesale Trade 19,246 19,229 (17) (0.1) $70, Transportation and Warehousing 14,790 15,853 1, $41, (39) (4.4) Accommodation and Food Services 33,180 36,304 3, $18, (2) (0.2) Other Services (except Public Admin) 23,316 24, $27, Real Estate and Rental and Leasing 7,104 7, $53, Construction 19,970 21,667 1, $52, Arts, Entertainment, and Recreation 7,611 8, $18, Utilities 1,101 1, $127, (32) (35.2) Mgt of Companies and Enterprises 9,028 9, $124, Agriculture, Forestry, Fishing and Hunting 1,817 1, $21,940 5 (1) (16.7) *Denotes Capital Workforce Partners-focused industries 4

5 Top 20 By Occupation Retail occupations continue to be the most in demand, but also among the lowest paid with a minimal career path. Of the 20 most in-demand occupations, six continue to be computer-related. Over fifty percent of the top 20 occupations require postsecondary education, reinforcing CWP s focus on middle skills. Apr-Jun Supvs of Retail Sales Wkrs 5,115 5,058 (57) $39,882 HS Dip or Equiv 1, Retail Salespersons 14,348 14, $25,480 Less than HS 1, Comp Systems Analysts 3,049 3, $82,110 Bach Deg 980 (76) (7.2) Marketing Managers 1,688 1, $113,954 Bach Deg Registered Nurses 10,960 11, $77,561 AS Deg Tractor Trailer Truck Drivers 4,018 4,015 (3) $38,291 Postsec Non-Deg Management Analysts 4,320 4,283 (37) $77,908 Bach Deg Info Technology Project Mgrs $78,356 Bach Deg 710 (114) (13.8) Software Dvprs, Applications 2,373 2, $82,110 Bach Deg Customer Service Reps 11,174 11,143 (31) $37,781 HS Dip or Equiv Supvs of Admin Support Wkrs 8,220 8,144 (76) $54,488 HS Dip or Equiv Web Dvprs $58,487 AS Deg Industrial Engineers 1,215 1,175 (40) $77,194 Bach Deg 498 (56) (10.1) Accountants 5,532 5, $65,525 Bach Deg Comp User Support Specialists 2,826 3, $54,101 Some college Managers, All Other 2,725 2,720 (5) $87,659 HS Dip or Equiv Comp and Info Systs Mgrs 2,405 2, $112,955 Bach Deg Comp Systs Engineers/Architects $78,356 Bach Deg Medical and Health Services Mgrs 1,542 1, $115,076 Bach Deg Insurance Sales Agents 4,883 4, $62,261 HS Dip or Equiv 387 (6) (1.5) Top 20 - Middle Skill Occupations Registered Nurses continues to show itself towards the top of the list; however, most organizations require a Bachelor s Degree for nursing positions. The demand for Tractor-Trailer Truck Drivers has steadily risen over the past year, rising from by 350 or 73.8 from this time last year. Apr-Jun Supvs of Retail Sales Wkrs 5,115 5,058 (57) $39,882 HS Dip or Equiv 1, Registered Nurses 10,960 11, $77,561 AS Deg Tractor Trailer Truck Drivers 4,018 4,015 (3) $38,291 Postsec Non-Deg Customer Service Reps 11,174 11,143 (31) $37,781 HS Dip or Equiv Supvs of Admin Support Wkrs 8,220 8,144 (76) $54,488 HS Dip or Equiv Web Dvprs $58,487 AS Deg Comp User Support Specialists 2,826 3, $54,101 Some college Managers, All Other 2,725 2,720 (5) $87,659 HS Dip or Equiv Insurance Sales Agents 4,883 4, $62,261 HS Dip or Equiv 387 (6) (1.5) Sales Reprs, Wholesale and Manuf 4,089 4, $63,668 HS Dip or Equiv 364 (48) (11.7) Social and Human Service Assistants 2,710 2, $39,556 HS Dip or Equiv Supvs Food Prep and Serving Wkrs 2,263 2, $34,660 HS Dip or Equiv 283 (62) (18.0) Exec Sectys and Exec Admin Assts 3,499 3,439 (60) $52,163 HS Dip or Equiv Sales Reprs, Services, All Other 2,318 2, $69,931 HS Dip or Equiv Supvs of Non-Retail Sales Wkrs 1,178 1,147 (31) $72,073 HS Dip or Equiv Business Operations Spcs, All Other 2,600 2, $66,300 HS Dip or Equiv Supvs of Prod and Operating Wkrs 2,385 2,289 (96) $64,178 Postsec Non-Deg 256 (30) (10.5) Teacher Assistants 5,133 5, $29,335 Some college Maint and Repair Wkrs, General 3,634 3, $42,799 HS Dip or Equiv Delivery Services Drivers 3,361 3,288 (73) $33,395 HS Dip or Equiv

6 Talent Demand by Skills Top 25 Of all the jobs listed, the bar graphs below show the percentage of ads requiring the skills listed. Oral and Written Communication Skills continue to be highest in demand of hard and soft skills, highlighting the need to continue to emphasize soft skills in career development and career competency training. Hard skills primarily focus on computer-related skills. Hard and Soft Skills in Demand Oral and written communication Creativity Integrity Problem solving Project Management Microsoft Office Detail oriented Team-oriented, teamwork Self-starting / Self-motivated Organizational skills Customer service oriented Microsoft PowerPoint Work independently Strong leadership skills Coaching Analytical skills Time management Structured query language Quality Assurance Sales experience Hard Skills in Demand Structured query language Quality Assurance Software development Systems Development Lifecycle Bilingual JavaScript Java Application development Property and Casualty Insurance Technical support Microsoft SQL Server Quality control Extensible markup language Microsoft.NET Framework Microsoft SharePoint Data warehousing Web services Adobe LifeCycle ES Hypertext markup language Management information systems

7 Sector-Focused Talent Demand by Occupation Healthcare The Healthcare sector is expected to continue to grow over the next several years as the baby boomer generation ages and more individuals seek treatment under the Affordable Care Act. The demand for Registered Nurses over the past year has gradually risen from 803 online postings to 860. Although only a 7.1 rise, it represents an increase of 57 postings. Nursing Assistants saw a significant rise on a percent basis of 82.6 over the past year, from 69 to 126 postings. This represents an increase of 57 postings also. Note that most organizations require a Bachelor s Degree for nursing positions. After Nurses, Home Health Aides show the next largest growth in terms of jobs, but the highest in terms of percentage change (514 jobs; 24.2 increase) from to. Home Health Aides often care for elderly patients who need assistance, and will be in more in demand as the population ages and the demand for in-home care increases. However, even though there may be more job opportunities in the future, Home Health Aide wages are low and often do not carry health benefits. Apr-Jun Registered Nurses 10,960 11, $77,561 AS Deg Nursing Assistants 6,262 6, $31,661 Postsec Non-Deg Physical Therapists 1,026 1, $88,577 Doc or Prof Deg Physician Assistants $110,078 Master's Deg 100 (1) (1.0) Speech-Language Pathologists $80,682 Master's Deg Med Records and Health Info Techs $42,412 Postsec Non-Deg Lic Practical and Lic Voc Nurses 2,478 2, $55,631 Postsec Non-Deg 87 (22) (20.2) Pharmacy Technicians 961 1, $32,905 HS Dip or Equiv Home Health Aides 2,127 2, $27,336 Less than HS 67 (29) (30.2) Medical Assistants 2,035 2, $36,210 Postsec Non-Deg 64 (2) (3.0) Occupational Therapists $86,374 Master's Deg Nurse Practitioners $98,287 Master's Deg Family and Gen l Practitioners $158,365 Doc or Prof Deg 50 (4) (7.4) Physical Therapist Assistants $61,730 AS Deg Pharmacists 979 1, $119,789 Doc or Prof Deg 43 (7) (14.0) Psychiatrists $178,949 Doc or Prof Deg Critical Care Nurses NA NA NA $77,561 AS Deg 34 (11) (24.4) Internists, General $177,806 Doc or Prof Deg 28 (8) (22.2) Occupat Health and Safety Spcs (5) $65,668 Bach Deg Physicians and Surgeons, All Other $179,989 Doc or Prof Deg

8 Manufacturing CT has lost 144,200 Manufacturing jobs from January 1990 to April 2014 (from 307,200 to 163,000); this is a decline of In the second quarter of 2014, online postings in the Manufacturing Sector increased by decreased by 673 postings (from 3,797 to 3,124; 17.7). Note, however, that the number of postings increased by 747 or 31.4 over the past year. In Hartford County, the Manufacturing industry has an aging workforce as baby boomers are near or enter retirement, e.g., 77 of Tool and Die Wkrs and 67 of Machinsts are aged 45 and over. This highlights the need to develop a pileline of workers to replace those that are retiring out. During the second quarter of 2014, Supervisors of Production and Operating Workers and Machinists show the largest number of online postings as manufacturers continue to have difficulty finding workers with the right skills for these and other positions. Over the past year online postings for Supervisors of Production and Operating Workers has increased by 34 (15.3), whereas online popstings for Machinsts has declined by 9, or 12.5, over the same time period. In addition, 62.5 of Supervisors of Production and Operating Workers are aged 45+ illustrating a need for a pipeline of replacement workers. - Apr-Jun Supvrs of Production and Operating Wkrs 2,385 2,289 (96) $64,178 Postsec Non-Deg 256 (30) (10.5) Machinists 3,884 3, $43,819 HS Dip or Equiv 63 (14) (18.2) Insp, Testers, Sorters, Samplers, and Weighers 2,546 2,530 (16) $43,330 HS Dip or Equiv 45 (1) (2.2) Comp-Controlled Mach Tool Ops, Metal and Plastic $40,841 HS Dip or Equiv 21 (3) (12.5) Printing Press Operators (94) $39,066 HS Dip or Equiv Assemblers and Fabricators, All Other $28,438 HS Dip or Equiv Comp Numerically Controlled Mach Tool Programmers, Metal and Plastic $54,427 HS Dip or Equiv Tailors, Dressmakers, and Custom Sewers (5) $23,154 Less than HS Electr and Electronic Equip Assemblers 1, (182) $25,847 HS Dip or Equiv 13 (9) (40.9) Helpers--Production Wkrs 1,017 1, $25,316 Less than HS Welders, Cutters, and Welder Fitters $38,189 HS Dip or Equiv 10 (3) (23.1) Grinding, Lapping, Polishing, and Buffing Mach Tool Setters, Ops, and Tenders, Metal and Plastic (62) $38,536 HS Dip or Equiv Electromechanical Equip Assemblers (38) $28,193 HS Dip or Equiv Butchers and Meat Cutters $39,698 Less than HS Rolling Mach Setters, Ops, and Tenders, Metal and Plastic (12) $41,106 HS Dip or Equiv Tool and Die Makers (39) $56,569 HS Dip or Equiv 5 (6) (54.5) Laundry and Dry-Cleaning Wkrs (30) $25,235 Less than HS 4 (2) (33.3) Packaging and Filling Mach Ops and Tenders $26,398 HS Dip or Equiv Cutting, Punching, and Press Mach Setters, Ops, and Tenders, Metal and Plastic (18) $35,598 HS Dip or Equiv Print Binding and Finishing Wkrs (31) $34,782 HS Dip or Equiv 3 (1) (25.0) 8

9 Construction The Construction industry in Connecticut was hit hard during the recession. Employment declined 31 from a high of 69,400 in January 2008 to a low of 47,800 in March It has, however, bounced back to employ 55,600 workers as of June, 2014 (an increase of 7,800). Construction has made a strong comeback over the past several months and will potentially lead Connecticut's job growth. The industry hit hardest by the Great Recession is poised for a strong rebound as public projects move forward and the backlog of private projects built up during the economic downturn starts to clear. However, the Construction industry is coming back from a very low place. Job openings in this sector tend not be advertised through conventional means, but rather through union participation and apprenticeship, or word-of-mouth. - Apr-Jun Supvrs of Constr Trades and Extraction Wkrs 1,508 1, $62,240 HS Dip or Equiv Electricians 1,817 2, $57,548 HS Dip or Equiv 33 (7) (17.5) Constr and Building Inspectors $61,975 HS Dip or Equiv Construction Laborers 2,784 3, $38,332 Less than HS 14 (19) (57.6) Plumbers 1,188 1, $55,243 HS Dip or Equiv Construction Carpenters 2,591 2, $40,412 HS Dip or Equiv 12 (2) (14.3) Operating Engrs and Other Constr Equip Ops $54,060 HS Dip or Equiv Solar Photovoltaic Installers NA 10 NA HS Dip or Equiv 6 (6) (50.0) Pipe Fitters and Steamfitters 1,188 1, $55,243 HS Dip or Equiv Roofers (14) $46,410 Less than HS Paving, Surfacing, and Tamping Equip Ops (1) $44,186 HS Dip or Equiv Sheet Metal Wkrs $51,530 HS Dip or Equiv 4 (1) (20.0) Painters, Construction and Maint (18) $33,395 Less than HS Glaziers (1) $50,653 HS Dip or Equiv Solar Energy Installation Managers 1,508 1, $62,240 HS Dip or Equiv 1 (1) (50.0) Pipelayers $43,207 Less than HS Structural Iron and Steel Wkrs $59,874 HS Dip or Equiv 1 Helpers--Painters, Paperhangers, Plasterers, and Stucco Masons (1) $29,233 Less than HS 1 Solar Thermal Installers and Techs $39,658 HS Dip or Equiv

10 Occupation Highlight Focus on Computer Occupations Computer Systems Analysts continue to have the largest number of online postings. Peaking over the past year at 1,056 in the first quarter of 2014, this occupation is still the highest in demand at 980. The largest percentage increase in online postings over the past year was Informatics Nurse Specialists at 100, albeit off a small base of 18. The increased demand in this field is consistent with the increases in healthcare-related occupations as Informatics Nurse Specialists design and develop programs in support of patients and healthcare professionals through interpretation of systems data. Of all the, there is the highest demand for computer-related occupations. Of the highest 20 occupational online postings, six were computer-related. Most Comp-related occupations require a Bachelor s Degree or higher. Apr-Jun SOC (8) Abbreviations Computer Systems Analysts 3,049 3, $82,110 Bach Deg 980 (76) (7.2) Information Technology Project Mgrs $78,356 Bach Deg 710 (114) (13.8) Software Developers, Applications 2,373 2, $82,110 Bach Deg Web Developers $58,487 AS Deg Computer User Support Specialists 2,826 3, $54,101 Some college Computer Systs Engineers/Architects $78,356 Bach Deg Network and Comp Systs Administrators 1,235 1, $77,724 Bach Deg Computer Programmers 1,352 1, $69,503 Bach Deg 272 (20) (6.8) Software Quality Assurance Engrs and Testers $78,356 Bach Deg Actuaries (92) $108,263 Bach Deg Database Administrators $73,562 Bach Deg 189 (13) (6.4) Information Security Analysts $72,583 Bach Deg 136 (18) (11.7) Operations Research Analysts $69,972 Bach Deg 88 (21) (19.3) Software Developers, Systs Software 1,353 1, $82,375 Bach Deg 69 (26) (27.4) Computer Network Architects $85,721 Bach Deg Informatics Nurse Specialists 3,049 3, $82,110 Bach Deg Comp and Info Research Scientists $97,961 Doc or Prof Deg 33 (19) (36.5) Statisticians $76,663 Master's Deg 15 (10) (40.0) Business Intelligence Analysts $78,356 Bach Deg Database Architects $78,356 Bach Deg 3 (1) (25.0) 10

11 Notes The data in this report is from three main sources: 1. United States Department of Labor s Bureau of Labor Statistics a. Job : federally defined Standard Occupational Classification (SOC). b. : typical education level necessary to obtain occupation. 2. Economic Modeling Specialist Intl. (EMSI) - -collects labor market Info from 90 sources. Variables used in this report include: a. : total number of full and part-time jobs. b. : the percentage of full and part-time job changes in the time period specified. c. : individual income earning per occupation. 3. Wanted Analytics - provides the ability to synthesize and filter real-time data advertised jobs found on the internet. Variables used in this report include: a. Soft and Hard Skills: the most prevalent skills found in advertised job descriptions. b. : i. Job advertisements filtered to identify only one job advertisement per employer; however, jobs advertised may not result in employment. ii. The number of jobs that were advertised as being available during the quarterly time frame. This does not mean that each job is still available, but it does mean that each job was advertised once during the quarterly period. Middle-skill occupations definition - typically require more education than a high school diploma, but less than a bachelor s degree (e.g., associate s degree, vocational certificate, or on-the-job training). Capital Workforce Partners provides workforce development programs and services to 37 municipalities in North Central Connecticut. Capital Workforce Partners coordinates comprehensive programs provided through contracted private and public partners and service providers. These programs are critical in developing a skilled, educated and vital workforce. Led by a consortium of the region s chief elected officials, and Reps from business, education, labor and public groups serving on its Board of Directors, Capital Workforce Partners is an essential Partner for economic development in the region. Capital Workforce Partners Mission: We leverage public and private resources to produce skilled Workers for a competitive regional economy. February 2014; Capital Workforce Partners All Rights Reserved. Capital Workforce Partners, One Union Place, Hartford CT For further information contact: Julie Geyer, Manager, Strategic Development at jgeyer@capitalworkforce.org, or TJ Dubeansky, Strategic Analyst, Strategic Development at tdubeansky@capitalworkforce.org 11