MAACCE 2014 Annual Conference May 8, Jones Nhinson Williams, BLS Programs Administrator Office of Workforce Information and Performance

Transcription

1 MAACCE 2014 Annual Conference May 8, 2014 Jones Nhinson Williams, BLS Programs Administrator Office of Workforce Information and Performance

2 Goal: Assist participants learn and understand how to identify gaps and set priorities for career planning and workforce development. Objectives: Understand the value of labor market information in career planning. Understand the value of labor market information in developing a workforce.

3 Data about employment by location and occupation, labor supply and demand, earnings, unemployment and demographics of the labor force make up. The U.S. Bureau of Labor Statistics (BLS) collects, analyzes and disseminates statistical data about the labor market. This independent agency disseminates information to the Congress, other federal agencies, state and local governments and the public. Maryland Office of Workforce, Information and Performance (OWIP) works in conjunction with the BLS to collect, analyze and disseminate labor market information.

4 The Employment, Earnings and Industries Equation How many employed in the occupation? Is it a fairly large field or a pretty small one? What industries employ people in this occupation? How about earnings? The Location, Location, Location Factor Are you willing to relocate for your career? Where are the best chances of finding a job?

5 Labor market information is a valuable resource if you are in the exploration phase or career planning process. You can use it to find answers to questions including: Which industries employ people in an occupation? Where will I be able to find a job? Will there be opportunities in the field I am considering? How much will I earn?

6 Self assessment tells an occupation that may be a great fit based on what you learn about your personality, interests, skills and values. Research tells something about the economy, industry or occupation, the nature of work or something you would enjoy doing, education or training you will need in building a career in a particular field.

7 Career counselors/training program administrators use LMI to: Ensure higher levels of job seekers and student success. Provide analytic information. Be a springboard for institutional or programmatic change. Evaluate programs to produce graduates for job opportunities and employment. Align programs based on regional job trends. **Counselors/trainers use LMI as to guide job seekers/students make better career decisions Some career counselors/ training programs are experimenting with providing students such information to help them choose a major, both as a way to increase the chances of graduation and to improve the chances that students choices will lead them to living-wage jobs and strong career paths.

8 Database search output includes the following: Total employment in base year and target year Employment change between base year and target year Percentage of workers who are self-employed Job openings in target year due to growth & replacement Significant source of post-secondary education or training Fastest growing jobs Fastest growing industries Median annual wages

9 The BLS makes 10 year employment predictions about the U.S. labor market. National projections: Maryland projections: **BLS does not account for recessions or other economic anomalies.

10 Colleges, training institution and programs may consider these data sources as they explore the connection between their programs and labor market outcomes. Quarterly Census of Employment & Wages (QCEW) Number of firms, monthly industry employment and total wages paid to hourly and salaried workers in specific non-farm firm covered by unemployment insurance (UI) for Maryland. Date release: six month after each quarter Occupational Employment Statistics (OES) Occupational employment estimates of the number of people employed in over 800 occupations in the U.S. and its territories as well as the wages paid to them. Date release: second quarter of each year

11 Current Employment Statistics (CES) Total industry employment for non-farm payroll jobs, average weekly hours, and the average hourly/weekly wages paid to employees of all ages for each payroll job held. Significant industrial & geographic details are provided in this data. Date release: three weeks after each month ends Local Areas Unemployment Statistics (LAUS) Monthly and annual estimates of employment, unemployment, and labor force stats for Census regions and divisions, States, counties, metropolitan areas, and cities above 25,000 by place of residence. Date release: three weeks after each month ends

12 Combined federal and state program used to calculate unemployment compensation for individuals who lose their jobs and file for benefits. Assist unemployed workers. Funded by taxes on employers reported payroll amounts. States collect SSN and wages quarterly Excludes self- employed, federal and military employees. Wage data tend to be more accurate than many other data sources.

13 Occupational Outlook Handbook - employment, earnings and projections data, extensive descriptions, educational training and experience requirements and advancement opportunities. Career Guide to Industries - learn about a particular industry and find out what occupations it employs. Find out about earnings, training requirements, advancement opportunities, job prospects and working conditions. O*Net Online - interactive tool for exploring occupations is sponsored by the US DOL & ETA and developed by the National Center for O*NET (the Occupational Information Network) Development. It covers an extensive number of occupations and includes BLS data and detailed descriptions.

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18 lmai@dllr.state.md.us Tel: (410) Fax: (410) Website: dllr.maryland.gov Facebook: DLLR.Maryland MJN: MDJobsNow.com