Oklahoma Department of Career and Technology Education Information Commons September 2016 Oklahoma Business and Financial Operations Occupations
Parameters Occupations Code Description 13-0000 Business and Financial Operations Occupations Regions Code Description 40 Oklahoma Timeframe 2006-2016 Datarun 2016.3 QCEW Employees, Non-QCEW Employees, and Self-Employed Business and Financial Operations Occupations in Oklahoma Emsi Q3 2016 Data Set www.economicmodeling.com 1
Occupation Summary for Business and Financial Operations Occupations 74,074 4.5% $27.28/hr Jobs (2016) % Change (2006-2016) Median Hourly Earnings 18% below National average Nation: 7.3% Nation: $32.17/hr Growth 70,870 74,074 3,204 4.5% 2006 Jobs 2016 Jobs Change (2006-2016) % Change (2006-2016) Occupation 2006 Jobs 2016 Jobs Change % Change Agents and Business Managers of Artists, Performers, and Athletes (13-1011) Buyers and Purchasing Agents, Farm Products (13-1021) Wholesale and Retail Buyers, Except Farm Products (13-1022) Purchasing Agents, Except Wholesale, Retail, and Farm Products (13-1023) Claims Adjusters, Examiners, and Investigators (13-1031) Insurance Appraisers, Auto Damage (13-1032) 135 151 16 12% 268 193-75 -28% 1,377 1,516 139 10% 3,493 3,551 58 2% 3,983 3,900-83 -2% 263 220-43 -16% Compliance Officers (13-3,835 4,164 329 9% Emsi Q3 2016 Data Set www.economicmodeling.com 2
Occupation 2006 Jobs 2016 Jobs Change % Change 1041) Cost Estimators (13-1051) 1,916 1,992 76 4% Human Resources Specialists (13-1071) Farm Labor Contractors (13-1074) Labor Relations Specialists (13-1075) 5,205 5,185-20 0% 24 27 3 13% 272 246-26 -10% Logisticians (13-1081) 1,863 2,142 279 15% Management Analysts (13-1111) Meeting, Convention, and Event Planners (13-1121) 5,637 5,971 334 6% 866 1,205 339 39% Fundraisers (13-1131) 755 743-12 -2% Compensation, Benefits, and Job Analysis Specialists (13-1141) Training and Development Specialists (13-1151) Market Research Analysts and Marketing Specialists (13-1161) Business Operations Specialists, All Other (13-1199) Accountants and Auditors (13-2011) Appraisers and Assessors of Real Estate (13-2021) 792 803 11 1% 2,439 2,539 100 4% 3,013 3,262 249 8% 5,620 5,235-385 -7% 15,483 17,028 1,545 10% 962 923-39 -4% Budget Analysts (13-2031) 798 845 47 6% Credit Analysts (13-2041) 461 486 25 5% Financial Analysts (13-2051) 1,644 1,561-83 -5% Personal Financial Advisors (13-2052) Insurance Underwriters (13-2053) Financial Examiners (13-2061) 1,577 1,621 44 3% 763 596-167 -22% 322 347 25 8% Credit Counselors (13-2071) 580 699 119 21% Emsi Q3 2016 Data Set www.economicmodeling.com 3
Occupation 2006 Jobs 2016 Jobs Change % Change Loan Officers (13-2072) 4,002 4,357 355 9% Tax Examiners and Collectors, and Revenue Agents (13-2081) 504 489-15 -3% Tax Preparers (13-2082) 1,185 1,299 114 10% Financial Specialists, All Other (13-2099) 830 778-52 -6% Percentile Earnings for Business and Financial Operations Occupations (13-0000) $20.91/hr $27.28/hr $35.54/hr 25th Percentile Earnings Median Earnings 75th Percentile Earnings Emsi Q3 2016 Data Set www.economicmodeling.com 4
Regional Trends Region 2006 Jobs 2016 Jobs Change % Change Region 70,870 74,074 3,204 4.5% Nation 7,391,563 7,929,153 537,590 7.3% Regional Breakdown County 2016 Jobs Oklahoma County, OK 27,362 Tulsa County, OK 15,868 Cleveland County, OK 3,467 Muskogee County, OK 2,017 Comanche County, OK 1,984 Emsi Q3 2016 Data Set www.economicmodeling.com 5
Job Postings Summary 148,499 5 : 1 Unique Postings (Apr 2011 - Aug 2016) Posting Intensity (Apr 2011 - Aug 2016) 716,889 Total Postings Regional Average: 6 : 1 There were 716,889 total job postings for Business and Financial Operations Occupations from April 2011 to August 2016, of which 148,499 were unique. These numbers give us a Posting Intensity of 5-to-1, meaning that for every 5 postings there is 1 unique job posting.this is lower than the Posting Intensity for all other occupations and companies in the region (6-to-1), indicating that companies may not be trying as hard to hire this position. Job Postings vs. Hires 2,285 3,451 Avg. Monthly Postings (Apr 2011 - Aug 2016) Avg. Monthly Hires (Apr 2011 - Aug 2016) Occupation Avg Monthly Postings (Apr 2011 - Aug 2016) Avg Monthly Hires (Apr 2011 - Aug 2016) Business and Financial Operations Occupations 2,285 3,451 Emsi Q3 2016 Data Set www.economicmodeling.com 6
Occupation Gender Breakdown Gender 2016 Jobs 2016 Percent Males 34,463 46.5% Females 39,611 53.5% Occupation Age Breakdown Age 2016 Jobs 2016 Percent 14-18 92 0.1% 19-24 3,585 4.8% 25-34 18,038 24.4% 35-44 16,623 22.4% 45-54 16,700 22.5% 55-64 14,326 19.3% 65+ 4,711 6.4% Emsi Q3 2016 Data Set www.economicmodeling.com 7
Occupation Race/Ethnicity Breakdown Race/Ethnicity 2016 Jobs 2016 Percent White 58,612 79.1% Black or African American 4,687 6.3% Hispanic or Latino 3,325 4.5% American Indian or Alaska Native 3,126 4.2% Two or More Races 2,464 3.3% Asian 1,823 2.5% Native Hawaiian or Other Pacific Islander 39 0.1% Occupational Programs 37 8,070 2,138 Programs (2015) Completions (2015) Openings (2015) CIP Code Program Completions (2015) 52.0201 Business Administration and Management, General 3,517 52.0301 Accounting 810 52.1401 Marketing/Marketing Management, General 591 52.0801 Finance, General 574 52.1099 Human Resources Management and Services, Other 502 Emsi Q3 2016 Data Set www.economicmodeling.com 8
Industries Employing Business and Financial Operations Occupations Industry Occupation Jobs in Industry (2016) % of Occupation in Industry (2016) % of Total Jobs in Industry (2016) Federal Government, Civilian, Excluding Postal Service 9,424 12.7% 22.9% Local Government, Excluding Education and Hospitals 3,633 4.9% 3.7% State Government, Excluding Education and Hospitals 3,602 4.9% 9.9% Commercial Banking 3,268 4.4% 17.1% Other Accounting Services 2,885 3.9% 50.5% Emsi Q3 2016 Data Set www.economicmodeling.com 9
Appendix A - Data Sources and Calculations Location Quotient Location quotient (LQ) is a way of quantifying how concentrated a particular industry, cluster, occupation, or demographic group is in a region as compared to the nation. It can reveal what makes a particular region unique in comparison to the national average. Occupation Data Emsi occupation employment data are based on final Emsi industry data and final Emsi staffing patterns. Wage estimates are based on Occupational Employment Statistics (QCEW and Non-QCEW Employees classes of worker) and the American Community Survey (Self-Employed and Extended Proprietors). Occupational wage estimates also affected by county-level Emsi earnings by industry. CareerBuilder/Emsi Job Postings Job postings are collected from various sources and processed/enriched by Careerbuilder to provide information such as standardized company name, occupation, skills, and geography. Emsi performs additional filtering and processing to improve compatibility with Emsi data. Completers Data The completers data in this report is taken directly from the national IPEDS database published by the U.S. Department of Education's National Center for Education Statistics. Institution Data The institution data in this report is taken directly from the national IPEDS database published by the U.S. Department of Education's National Center for Education Statistics. State Data Sources This report uses state data from the following agencies: Arkansas Department of Workforce Services; Kansas Department of Labor, Labor Market Information Services, Kansas Wage Survey; Missouri Department of Economic Development; Oklahoma Employment Security Commission; Texas Workforce Commission Emsi Q3 2016 Data Set www.economicmodeling.com 10