Transcript Florida Labor Market and Economic Update

Florida Labor Market
and Economic Update
Workforce Estimating Conference
Labor Market Statistics Center
September 7, 2012
Labor Force Conditions
July 2012, Seasonally Adjusted
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
Area
Florida
United States
Labor Force
Employment
Unemployment
Unemployment
Rate
Year Ago
Unemployment
Rate
9,269,000
8,453,000
816,000
8.8
10.6
155,013,000
142,220,000
12,794,000
8.3
9.1
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, Florida and the United States
January 1974 – July 2012, Seasonally Adjusted
12.0
Peak unemployment rate 11.9 percent, May 1975
10.0
• Defense spending declines
• End of the Gulf War
• Airlines deregulation
Peak unemployment rate 11.4
percent, January-February 2010
Recession
Florida
United States
8.0
6.0
4.0
• 1979 energy crisis
• Tight monetary policy
• Savings and loan collapse
• IT bubble collapse
• 9/11 events
• Manufacturing outsourcing
2.0
• 1973 oil embargo
• Multi-family housing market
• Oil prices
• Housing bubble collapse
• Financial crisis
Jan-74
Jan-75
Jan-76
Jan-77
Jan-78
Jan-79
Jan-80
Jan-81
Jan-82
Jan-83
Jan-84
Jan-85
Jan-86
Jan-87
Jan-88
Jan-89
Jan-90
Jan-91
Jan-92
Jan-93
Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
0.0
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 States
Ranked by Unemployment Rate, Seasonally Adjusted
State
California
North Carolina
Georgia
New York
Michigan
Illinois
Florida
Pennsylvania
Ohio
Texas
July 2012(P)
July 2011
Unemployment Rate Unemployment Rate
(%)
(%)
10.7
9.6
9.3
9.1
9.0
8.9
8.8
7.9
7.2
7.2
11.9
10.7
10.0
8.2
10.6
10.1
10.6
8.1
8.9
8.1
Change
-1.2
-1.1
-0.7
0.9
-1.6
-1.2
-1.8
-0.2
-1.7
-0.9
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 Employment
Seasonally Adjusted
Florida’s jobs grew in July on an annual basis for the
24th consecutive month
Florida has lost 743,400 jobs during the current
downturn (March 2007 to July 2012)
Seasonally Adjusted
Florida
United States
July 2012
July 2011
Change
Percent Change
7,331,400
7,261,500
69,900
1.0%
133,245,000
131,407,000
1,838,000
1.4%
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.
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Florida Nonagricultural Employment
Seasonally Adjusted, 1974-Current
Florida
Total Nonagricultural Employment, Seasonally Adjusted
January 1974 - Present
8,500,000
8,000,000
7,500,000
7,000,000
6,500,000
6,000,000
5,500,000
5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
Recession
Jan-12
Jan-11
Jan-10
Jan-09
Jan-08
Jan-07
Jan-06
Jan-05
Jan-04
Jan-03
Jan-02
Jan-01
Jan-00
Jan-99
Jan-98
Jan-97
Jan-96
Jan-95
Jan-94
Jan-93
Jan-92
Jan-91
Jan-90
Jan-89
Jan-88
Jan-87
Jan-86
Jan-85
Jan-84
Jan-83
Jan-82
Jan-81
Jan-80
Jan-79
Jan-78
Jan-77
Jan-76
Jan-75
Jan-74
2,000,000
Total Nonagricultural Employment, SA
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.
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Nonagricultural Employment by Industry
Florida, July 2012 (Seasonally Adjusted)
Education and Health
Services
15.4%
Professional and
Business Services
14.9%
Leisure and
Hospitality
13.2%
Other Services
4.1%
Financial Activities
6.6%
Information
1.8%
Trade, Transportation,
and Utilities
20.7%
Total Government
14.8%
Construction
4.2%
Manufacturing
4.3%
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.
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Professional and Business Services Gained the Most Jobs Over the Year
Florida, July 2011 – July 2012, Seasonally Adjusted
Construction
-16,900
Government
-10,700
Other Services
-4,100
Manufacturing
1,100
Information
1,300
Financial Activities
5,700
Leisure and Hospitality
14,900
Education and Health Services
17,400
Trade, Transportation, and Utilities
19,500
Professional and Business Services
-20,000
41,600
-10,000
0
10,000
20,000
30,000
40,000
50,000
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.
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Employment in the Ten Most Populous States
Ranked by Over-the-Year Level Change, Seasonally Adjusted
State
California
Texas
New York
Ohio
Florida
Michigan
Georgia
North Carolina
Illinois
Pennsylvania
July
2012P
14,358,600
10,804,000
8,808,500
5,187,100
7,331,400
4,004,300
3,933,800
3,956,700
5,686,900
5,709,200
July 2011 - July 2012P
Level Change
Percent Change
365,100
2.6%
222,500
2.1%
113,300
1.3%
100,300
2.0%
69,900
1.0%
59,800
1.5%
50,800
1.3%
36,800
0.9%
28,600
0.5%
20,000
0.4%
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.
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Wages by Industry
Florida, 2011
Industry
Total, All Industries
Information
Financial Activities
Manufacturing
Professional and Business Services
Government
Education and Health Services
Construction
Trade, Transportation, and Utilities
Other Services
Natural Resources and Mining
Leisure and Hospitality
Average Annual
Wages
$42,311
$64,542
$59,482
$52,373
$50,822
$47,823
$44,454
$40,873
$37,751
$29,807
$25,151
$21,824
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 Wage
$50,000
$48,040
$45,000
$42,311
$40,000
$35,000
$30,000
Florida
2011
2010
2009
2008
2007
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
$20,000
2006
US
$25,000
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.
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Real-Time LMI
Help-Wanted OnLine
Occupations In Demand
Top Advertised Occupations for Florida-August 2012
Florida Total Ads
Registered Nurses *
Retail Salespersons
First-Line Supervisors/Managers of Retail Sales Workers *
Customer Service Representatives
Truck Drivers, Heavy and Tractor-Trailer *
First-Line Supervisors/Managers of Food Preparation and Serving Workers *
Web Developers
Sales Reps, Whlse & Manufacturing, Except Technical and Scientific Products *
Computer Systems Analysts
Occupational Therapists
Executive Secretaries and Administrative Assistants *
Physical Therapists
Medical and Health Services Managers
Telemarketers
First-Line Supervisors/Managers of Office and Administrative Support Workers *
Insurance Sales Agents *
Computer Support Specialists
Sales Agents, Financial Services
Accountants
Sales Representatives, Services, All Other
Online Ads
August 2012
Online Ads
August 2011
264,253
230,949
17,411
9,142
7,983
6,602
5,078
4,597
4,396
4,342
4,068
3,930
3,871
3,743
3,498
3,434
3,308
3,193
3,153
3,093
3,074
3,048
13,053
7,846
6,769
5,707
4,162
4,091
3,895
4,325
4,090
3,708
3,459
4,472
3,105
2,840
2,874
2,798
2,919
2,588
2,628
2,597
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.
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Real-Time LMI
Help-Wanted OnLine
Occupations In Demand
Top Advertised Occupations Requiring Post-Secondary and Associate
Degrees
Florida Total Ads
Registered Nurses *
First-Line Supervisors/Managers of Retail Sales Workers *
Customer Service Representatives
Truck Drivers, Heavy and Tractor-Trailer *
First-Line Supervisors/Managers of Food Prep & Serving Workers *
Web Developers
Sales Reps, Wholesale & Manufacturing, Except Technical & Scientific Products *
Computer Systems Analysts
Executive Secretaries and Administrative Assistants *
First-Line Supervisors/Managers of Office and Administrative Support Workers *
Insurance Sales Agents *
Computer Support Specialists
Sales Reps, Wholesale & Manufacturing, Technical & Scientific Products *
Maintenance and Repair Workers, General
Network and Computer Systems Administrators
Bookkeeping, Accounting, and Auditing Clerks *
Computer Software Engineers, Applications
First-Line Supervisors/Managers of Non-Retail Sales Workers *
Medical Secretaries *
General and Operations Managers *
Online Ads
August 2012
Online Ads
August 2011
264,253
230,949
17,411
7,983
6,602
5,078
4,597
4,396
4,342
4,068
3,871
3,308
3,193
3,153
2,559
2,426
2,293
2,297
2,215
2,187
2,014
1,920
13,053
6,769
5,707
4,162
4,091
3,895
4,325
4,090
3,459
2,874
2,798
2,919
2,319
1,870
2,092
1,785
1,844
1,696
1,822
1,597
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.
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Real-Time LMI
Help-Wanted OnLine
Occupations In Demand
Top Advertised Occupations Requiring a Bachelor's Degree
Florida Total Ads
Occupational Therapists
Medical and Health Services Managers *
Sales Agents, Financial Services *
Accountants *
Sales Managers *
Marketing Managers *
Financial Managers, Branch or Department *
Management Analysts *
Industrial Engineers *
Public Relations Specialists *
Market Research Analysts
Human Resources Managers
Physician Assistants *
Training and Development Specialists
Computer and Information Systems Managers *
Personal Financial Advisors *
Auditors *
Financial Analysts *
Tutors
Mechanical Engineers *
Online Ads
August 2012
Online Ads
August 2011
264,253
230,949
3,945
3,510
3,101
3,088
2,568
2,305
1,817
1,437
1,313
1,202
1,153
1,040
1,016
993
919
897
798
714
659
631
3,708
3,105
2,588
2,629
2,245
1,965
1,567
1,100
1,338
861
908
716
657
796
829
462
768
698
491
679
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.
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Real-Time LMI
Help-Wanted OnLine
Occupations In Demand
Top Advertised Occupations Requiring a Master's Degree and Above
Florida Total Ads
Physical Therapists *
Speech-Language Pathologists *
Lawyers *
Family and General Practitioners *
Nurse Practitioners
Pharmacists *
Educational, Vocational, and School Counselors
Mental Health and Substance Abuse Social Workers
Physicians and Surgeons, All Other
Internists, General *
Surgeons *
Operations Research Analysts
Medical Scientists, Except Epidemiologists *
Dentists, General *
Child, Family, and School Social Workers
Health Specialties Teachers, Postsecondary *
Psychiatrists
Art, Drama, and Music Teachers, Postsecondary *
Hospitalists
Medical and Public Health Social Workers
Online Ads
August 2012
Online Ads
August 2011
264,253
230,949
3,776
1,979
844
749
664
643
567
557
487
467
456
402
393
315
234
204
184
177
176
172
4,475
2,062
688
963
241
833
587
435
569
624
454
416
323
161
277
198
196
173
283
186
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.
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Real-Time LMI
Help Wanted OnLine™
Labor Supply vs. Labor Demand
290,000
1,200,000
270,000
1,000,000
U
n
e
m
p
l
o
y
m
e
n
t
250,000
800,000
O
n
l
230,000
i
n
e
600,000
210,000
400,000
Unemployment (supply)
200,000
0
a
d
s
190,000
HWOL Ads (demand)
170,000
SOURCE: The Conference Board,
Help Wanted OnLine data series.
150,000
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Real-Time LMI
Help Wanted OnLine™
Employment vs. Labor Demand
270000
8,100,000
7,900,000
250000
7,700,000
230000 O
n
l
i
n
210000
e
E
m
p
7,500,000
l
o
y
m
7,300,000
e
n
t
A
d
190000 s
7,100,000
Employment
Online Ads (demand)
6,900,000
6,700,000
SOURCE: The Conference Board,
Help Wanted OnLine data series.
170000
150000
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Targeted Industry Clusters
Cleantech
Life Sciences
Infotech
Aviation and Aerospace
Logistics and Distribution
Homeland Security/Defense
Financial/Professional Services
– Strategic Areas of Emphasis
• Manufacturing
• Corporate Headquarters
• Emerging Technologies
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Education and Training pay …
2011 Annual Average
Unemployment Rate
Median Earnings
(Percent)
(Dollars)
3.6
4.9
6.8
8.7
9.4
14.1
2.5
Doctoral degree
2.4
Professional degree
$80,652
$86,580
$65,676
Master’s degree
$54,756
Bachelor’s degree
$39,936
Associate degree
Some college, no
degree
High-school graduate
Some high-school, no
diploma
$37,388
$33,176
$23,452
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.
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Florida
Department of Economic Opportunity
Labor Market Statistics Center
Caldwell Building
MSC G-020
107 E. Madison Street
Tallahassee, Florida 32399-4111
Phone (850) 245-7257
Rebecca Rust
[email protected]
www.floridajobs.org
freida.labormarketinfo.com
www.floridawages.com
www.whatpeopleareasking.com
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