19 th Annual. New Mexico Data User s Conference. November 16, 2017
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1 19 th Annual New Mexico Data User s Conference November 16, 2017 Economic Research & Analysis Bureau Ashley Leach, Economist Rachel Moskowitz, Bureau Chief
2 Presentation Agenda Introducing the Economic Research & Analysis Bureau Your Data Toolbox: The Components of Analysis Measuring Your Labor Market NMDWS Website Resource Overview
3 ER&A: The Wholesaler of Data and Data Products Economic Research & Analysis (ER&A) The main role of ER&A is to produce quality and timely data and targeted products on the workforce and labor market for all of DWS s customers We strive to disseminate information, not just data. What is the question we are answering or the problem we are helping to solve? What we do is geared towards our mission: Educate, Empower, and Employ
4 ER&A: The Wholesaler of Data and Data Products Labor Market Information (LMI) is disseminated using three methods: Online data tools Analytical publications Career & employment resources Funded by two U.S. Department of Labor Grants: 1 Bureau of Labor Statistics 2 Data products (In conjunction with BLS comparable across states) Monthly News Release & Labor Market Review Employment & Training Administration Workforce & Economic Analysis Publications Career & Employment Resources Employment Projections
5 Questionnaire What LMI do you use and how do you use it? What labor market data do you currently use? Where do you get the data? Why do you use the data?
6 Your Data Toolbox Using LMI for Improved Employment Outcomes Quantitative Data & Labor Market Analysis Qualitative Information From Partners Key Industries Targeted Demand Occupations Education & Training and Business/ Community Partners Aligned Services Improved Outcomes Informed Customers
7 Your Data Toolbox What s in Your Data Toolbox? Using labor market intelligence to develop long-term strategies in local workforce development Translating data into decision making Industry Occupation Education Growing/declining Biggest employers Growing/declining Wages Supply & demand Employers hiring Training programs & providers Program completers Skills & education in-demand
8 Your Data Toolbox Quantitative Versus Qualitative Data? It s not an either/or question. You need both! Quantitative data should typically come before qualitative. They can sometimes contradict one another, but it doesn t mean the data are bad. One should support the other. If it doesn t, you need to figure out why.
9 Your Data Toolbox Quantitative Versus Qualitative Data? Starting Point: Quantitative information gathered from DWS website and other sources (e.g., Census Bureau) Data Enhancement: Qualitative data specifically gathered from your partners Educational institutions, economic developers, business groups, labor groups, community leaders Bring It Together: Tell a story with the quant./qual. data you gathered Who you are Where you are How you re different Where you need to go Where you plan to go How you ll get there How to start the conversation for qualitative data: Show them your quantitative data and ask them what it does capture and what it doesn t.
10 LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
11 LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
12 Workforce: Labor Force & Unemployment Data Three key websites for labor market data: LASER: Interactive data sources for analysis NMDWS Website: Static data sources and analytical publications American Fact Finder Demographic-related data LASER is where you ll go to gather the majority of labor market data
13 Workforce: Labor Force & Unemployment Data LASER Overview Using the left-hand navigation Using Quick Links Let s go into LASER Getting back to the LASER homepage
14 Demographic Information: Population & Labor Force Data LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
15 Demographic Information: Population & Labor Force Data Demographic Information for Population & Labor Force Why Use It? Population impacts current and future business activity. Certain characteristics of your population will impact employability and opportunity. Key Data and Data Sources Data: Population estimates, age, sex, race/ethnicity, income, poverty, education Sources: U.S. Census Bureau s population estimates and American Community Survey Examples Aging workforce leads to future employment opportunities Certain races and ethnicities face greater employment challenges Education levels will impact business ability to find qualified candidates and ability for economic development to attract businesses
16 Demographic Information: Population & Labor Force Data
17 Demographic Information: Population & Labor Force Data
18 Demographic Information: Population & Labor Force Data Key Sources & ACS Tables National, State, and County Intercensal Estimates ACS Tables: B01001: Sex and Age B02001: Race B03001: Ethnicity S1701: Poverty S2301: Employment Status Note: ACS data will be available December 7
19 Workforce: Labor Force & Unemployment Data LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
20 Workforce: Labor Force & Unemployment Data Workforce Data: Labor Force and Unemployment Why Use It? Most important data for a high-level look at labor force conditions in your area. Learn what challenges you face and where economic opportunity exists. Key Data and Data Sources Data: Labor force participation and unemployment Source: NMDWS Local Area Unemployment Statistics (LAUS) program in conjunction with the U.S. Bureau of Labor Statistics Examples Your region faces a particularly high unemployment rate compared to its neighbors, pointing towards greater challenges Your region s unemployment rate has been declining over the last year
21 Workforce: Labor Force & Unemployment Data
22 Workforce: Labor Force & Unemployment Data Key Specific Data Sources Local Area Unemployment Statistics Let s go into LASER
23 Workforce & Industry: Employment Data LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
24 Workforce & Industry: Employment Data Workforce & Industry Data: Employment Why Use It? Provides information on key industry clusters and where investments might lead to improved employment outcomes through alignment of worker supply and business demand. Key Data and Data Sources Data: Employment estimates, industry composition, location quotient, industry growth, large employers, hiring employers, projected industry employment growth Source: NMDWS Quarterly Census of Employment and Wages (QCEW) program and Employment Projections Program in conjunction with the U.S. Bureau of Labor Statistics and LASER employer data Examples Employment has been growing in your region over the last year, particularly in the leisure and hospitality industry. A few counties in your region have greater employment in the arts, entertainment, and recreation industry, pointing towards a key industry cluster for future investment. Several major employers in your region have been hiring recently and might continue to expand in the future with access to a trained workforce.
25 Workforce & Industry: Employment Data
26 Workforce & Industry: Employment Data
27 Workforce & Industry: Employment Data Key Data Sources Let s go into LASER Quarterly Census of Employment and Wages NMDWS Industry Employment Projections Program LASER Real-Time Labor Market Information LASER Employer Information
28 Targeted Demand Occupations: Employment & Wage Data LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
29 Targeted Demand Occupations: Employment & Wage Data Targeted Demand Occupations: Employment & Wage Data Why Use It? To identify in-demand occupations so that WIOA training programs can align with demand and improve employment outcomes of WIOA participants Key Data and Data Sources Occupational employment, projected employment growth, wages, in-demand occupations Source: NMDWS Occupational Employment Statistics (OES) and Employment Projections programs Examples Personal care aides are projected to have the most new employment opportunities into the future. Nurse practitioners are projected to grow quickly and pay a high wage. Local employers say they need more skilled computer and IT workers to meet their demand.
30 Targeted Demand Occupations: Employment & Wage Data
31 Targeted Demand Occupations: Employment & Wage Data Key Data Sources NMDWS Occupational Employment Projections Program Occupational Employment Statistics In-Demand Occupations Let s go into LASER
32 Workforce Supply: Job Candidate & Program Completer Data LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
33 Workforce Supply: Job Candidate & Program Completer Data Workforce Supply: Job Candidate & Program Completer Data Why Use It? To evaluate the competition within the labor market for specific occupations and determine how difficult it might be to place a job seeker in a position Key Data and Data Sources Data: Job candidates, education program completers, qualitative information from partners Sources: NMDWS ER&A via the Dept. of Higher Education and qualitative information from your partners Examples Truck drivers are in high demand, but a local training program is training enough workers in the field (i.e., there isn t a shortage of drivers) The number of accounting students graduating from the local community college closely matches how many job openings for accountants there are right now. A new manufacturing company is coming to town and wants to know now many machine operators are trained in your community.
34 Workforce Supply: Job Candidate & Program Completer Data
35 Workforce Supply: Job Candidate & Program Completer Data
36 Workforce Supply: Job Candidate & Program Completer Data Let s go into LASER Key Data Sources LASER Education Program Completers LASER Candidate Data
37 Bringing It Full Circle: Education & Training Data LASER: Your Key Resource for Labor Market Data Demographic Information: Population & Labor Force Data Workforce: Labor Force & Unemployment Data Workforce & Industry: Employment Data Targeted Demand Occupations: Employment & Wage Data Workforce Supply: Job Candidate & Program Completer Data Bringing It Full Circle: Education & Training Data
38 Bringing It Full Circle: Education & Training Data Bringing It Full Circle: Education and Training Data Education & Training Programs and Providers LASER has information on education and training programs and providers as well as program completers Data are from the Integrated Postsecondary Education Data System (IPEDS) and NMDWS Education & Certification Requirements Data Data on typical minimum education requirements (Source: US Bureau of Labor Statistics) Information on required certifications in New Mexico for specific occupations (Source: NM Regulations and Licensing Department)
39 Bringing It Full Circle: Education & Training Data Key Data Sources LASER Education Data WIOA Partners Let s go into LASER
40 NMDWS Website Resource Overview Three main websites for labor market data: LASER: Interactive data sources for analysis NMDWS Website: Static data sources and analytical publications American Fact Finder Let s go into NMDWS Demographic-related data
41 NMDWS Website Resource Overview Data & Statistics: Economic Data & In-Demand & STAR Occupations Local Area Unemployment Statistics Monthly & annual data publications Current Employment Statistics 25-year history updated monthly Business Employment Dynamics Detailed data (off-site) Employment Projections Bi-annual projections report Occupational Employment Statistics Wage Reference Sheets Quarterly Census of Employment & Wages Quarterly & annual data publications
42 NMDWS Website Resource Overview Publications: Economic Research & Career Resource Publications
43 NMDWS Website Resource Overview Monthly Labor Market Review Reports & Special Analysis Career & Employment Resources Veteran-Specific Reports & Resources Labor Market Information Resources Other Publications & Resources Information/Publications/Economic-Research-Publications
44 NMDWS Website Resource Overview
45 Thank you! Economic Research & Analysis Bureau Ashley Leach, Economist Rachel Moskowitz, Bureau Chief
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