Florida Labor Market and Economic Update - PowerPoint Presentation

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Florida Labor Market and Economic UpdateWorkforce Estimating Conference

Labor Market Statistics Center

September 7, 2012Slide2

Labor Force ConditionsJuly 2012, Seasonally Adjusted

Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Labor Market Statistics Center, released August 17, 2012.

The current state unemployment rate is down from the high rates reported in early 2010 (11.4 percent)

The unemployment rate in the state has been higher than the nation since April 2008

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Unemployment Rates, Florida and the United StatesJanuary 1974 – July 2012, Seasonally Adjusted

Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Labor Market Statistics Center, released August 17, 2012.

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Unemployment Rates in the Ten Most Populous StatesRanked by Unemployment Rate, Seasonally Adjusted

Source: U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program in cooperation with the Florida Department of Economic Opportunity, Labor Market Statistics Center, released August 17, 2012.

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Nonagricultural EmploymentSeasonally Adjusted

Florida’s jobs grew in July on an annual basis for the 24

th

consecutive month

Florida has lost 743,400 jobs during the current downturn (March 2007 to

July 2012)

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Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 17, 2012.

Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide6

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 17, 2012.Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center.5

Florida Nonagricultural Employment

Seasonally Adjusted, 1974-CurrentSlide7

Nonagricultural Employment by IndustryFlorida, July 2012 (Seasonally Adjusted)

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Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 17, 2012.

Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide8

Professional and Business Services Gained the Most Jobs Over the YearFlorida, July 2011 – July 2012, Seasonally Adjusted

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Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 17, 2012.

Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide9

Employment in the Ten Most Populous StatesRanked by Over-the-Year Level Change, Seasonally Adjusted

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Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 17, 2012.

Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide10

Wages by IndustryFlorida, 2011

Source: Florida Department of Economic Opportunity, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program. Released June 2012.

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Average Annual Wage10

Source: Florida Department of Economic Opportunity, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics,

2011 preliminary.Slide12

Real-Time LMI Help-Wanted OnLineOccupations In Demand11

Note: The * denotes occupations on the new 2013-14 statewide demand occupation list.

Source: The Conference Board, Help Wanted OnLine.

Prepared by: The Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide13

Real-Time LMI Help-Wanted OnLineOccupations In Demand12

Note: The * denotes occupations on the new 2013-14 statewide demand occupation list.

Source: The Conference Board, Help Wanted OnLine.

Prepared by: The Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide14

Real-Time LMI Help-Wanted OnLineOccupations In Demand13

Note: The * denotes occupations on the new 2013-14 statewide demand occupation list.

Source: The Conference Board, Help Wanted OnLine.

Prepared by: The Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide15

Real-Time LMI Help-Wanted OnLineOccupations In Demand14

Note: The * denotes occupations on the new 2013-14 statewide demand occupation list.

Source: The Conference Board, Help Wanted OnLine.

Prepared by: The Florida Department of Economic Opportunity, Labor Market Statistics Center.Slide16

Real-Time LMIHelp Wanted OnLine™15Slide17

Real-Time LMIHelp Wanted OnLine™16Slide18

Targeted Industry Clusters

Cleantech

Life Sciences

Infotech

Aviation and Aerospace

Logistics and DistributionHomeland Security/Defense

Financial/Professional Services

– Strategic Areas of Emphasis

Manufacturing

Corporate Headquarters

Emerging Technologies

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Unemployment Rate(Percent)

Median Earnings

(Dollars)

Master’s degree

Bachelor’s degree

Associate degree

Some college, no degree

High-school graduate

Some high-school, no diploma

Professional degree

Doctoral degree

Notes

: Unemployment and earnings for workers 25 and

older; earnings

for full-time

wage and

salary

workers. 2011 Weekly Median Earnings (multiplied by 52 weeks).

Source: Bureau of Labor Statistics, Current Population Survey. March 2012.

Education and Training pay …

2011 Annual Average

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FloridaDepartment of Economic OpportunityLabor Market Statistics CenterCaldwell Building

MSC G-020

107 E. Madison Street

Tallahassee, Florida 32399-4111

Phone (850) 245-7257

Rebecca Rustrebecca.rust@deo.myflorida.comwww.floridajobs.org

freida.labormarketinfo.com

www.floridawages.com

www.whatpeopleareasking.com

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