Local Employment Dynamics Data Tracking the economy through boom, bust and recovery

advertisement
Local Employment Dynamics Data
Tracking the economy through
boom, bust and recovery
Why Use LED Data?
1. Available for smaller regions.
2. Employment indicators important.
3. Greater understanding of economy.
4. Demographics of employment.
5. Time series data.
6. Data extraction tool makes it easy.
Why Use LED Data?
7. Inform private-sector decisions.
8. Efficiently allocate public resources.
Types of LED Research
Trends in
Specific
Industry
(Health care/
Social Services)
Earnings by
Education,
Industry and
Gender
Using
Tableau to
Analyze
LED Data
Hires
And
Stable-Hire
Earnings
Where in the world is . . .?
Cache Rich
Box Elder
Weber
Morgan
Davis
Summit
Salt Lake
Tooele
Daggett
Wasatch
Duchesne
Utah
Juab
Central
Workforce
Investment
Area
Southwest
Workforce
Investment
Area
Uintah
Carbon
Sanpete
Emery
Millard
Grand
Sevier
Beaver
Iron
Piute
Wayne
Garfield
San Juan
Washington
Kane
Earnings
Education, Industry, Gender
Earnings by Education
Utah Average Monthly Wage
by Worker Education*
$5,000
$4,500
As expected,
additional
educational
attainment results in
higher earnings.
$4,000
$3,500
$3,000
$2,500
$2,000
$1,500
Bachelor's Degree or Higher
Some College/Associate
High School
Less than High School
$1,000
$500
$0
2000
2001
2002
2003
2004
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
2005
2006
2007
2008
2009
2010
Earnings by Education
Central Utah Average Monthly Wage by Worker Education*
$4,000
$3,500
In Central Utah,
earnings are more
compressed than
statewide.
$3,000
$2,500
$2,000
$1,500
$1,000
Bachelor's Degree or Higher
High School
Some College/Associate
Less than High School
$500
$0
2000
2001
2002
2003
2004
2005
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
2006
2007
2008
2009
2010
Earnings by Education
Southwest Utah Average Monthly Wage by Worker
Education*
$4,000
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
Bachelor's Degree or Higher
High School
Some College/Associate
Less than High School
$500
$0
2000
2001
2002
2003
2004
2005
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
2006
2007
2008
2009
2010
Utah
Bachelor's-Degree-orHigher Wage Premium
compared to Wages of
Workers with Other
Educational Levels*
2006-2010 Average
All Industries
81%
Earnings by Education and Industry
52%
Health Care and Social Assistance
Management of Companies and Enterprises
Public Administration
Mining, Quarrying, and Oil and Gas Extraction
Transportation and Warehousing
Construction
Accommodation and Food Services
Agriculture, Forestry, Fishing and Hunting
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
82%
50%
Administrative/Support/Waste
Mngnt/Remediation Services
Other Services
85%
50%
Educational Services
Utilities
88%
53%
Information
Manufacturing
91%
56%
Wholesale Trade
Retail Trade
91%
54%
Finance and Insurance
Real Estate and Rental and Leasing
104%
68%
Professional, Scientific, and Technical Services
Arts, Entertainment, and Recreation
124%
76%
70%
44%
41%
42%
41%
37%
30%
In these
industries, a
collegeeducation
really pays.
64%
63%
63%
58%
53%
49%
31%
44%
24%
40%
29%
Bachelor's Degree Wage
40% Premium--High School
28%
Graduate
40% Bachelor's Degree Wage
26%
Premium--Some
32%
College/Associate Degree
18%
24%
15%
43%
Earnings by Education and Industry
All Sectors
61%
72%
Health Care and Social Assistance
Finance and Insurance
65%
Educational Services
57%
Information
Administrative and Support and Waste Management and
Remediation
38%
30%
Manufacturing
28%
Accommodation and Food Services
23%
Public Administration
20%
Retail Trade
Arts, Entertainment, and Recreation
Construction
Other Services
Utilities
Transportation and Warehousing
Mining, Quarrying, and Oil and Gas Extraction
Agriculture, Forestry, Fishing and Hunting
Management of Companies and Enterprises
86%
69%
43%
52%
Real Estate and Rental and Leasing
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
92%
73%
55%
Wholesale Trade
108%
92%
66%
Professional, Scientific, and Technical Services
Central Utah
Bachelor's-Degree-orHigher Wage Premium
compared to Wages of
Workers with Other
Educational Levels*
2006-2010 Average
108%
74%
-7%
47%
41%
38%
37%
21%
30%
18%
25%
18%
25%
13%
24%
17%
22%
17%
21%
6%
10%
2%
Bachelor's Degree Wage
Premium--Some
College/Associate Degree
Bachelor's Degree Wage
Premium--High School
Graduate
In this
industry,
education
did not
increase
earnings. . .
Southwest Utah
Bachelor's-Degree-orHigher Wage Premium
compared to Wages of
Workers with Other
Educational Levels*
2006-2010 Average
All Sectors
60%
Earnings by Education and Industry
Management of Companies and Enterprises
Health Care and Social Assistance
Finance and Insurance
Professional, Scientific, and Technical Services
Educational Services
Utilities
Information
Retail Trade
Wholesale Trade
Arts, Entertainment, and Recreation
Transportation and Warehousing
Other Services
Manufacturing
Real Estate and Rental and Leasing
Public Administration
Administrative and Support and Waste
Management and Remediation Services
Agriculture, Forestry, Fishing and Hunting
Mining, Quarrying, and Oil and Gas Extraction
Accommodation and Food Services
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
Construction
42%
71%
79%
133%
120%
95%
61%
72%
46%
68%
44%
53%
33%
49%
25%
46%
30%
46%
33%
44%
27%
Bachelor's Degree Wage
41%
Premium--High School
29%
Graduate
37%
23%
Bachelor's Degree Wage
36%
Premium--Some
27%
College/Associate Degree
33%
26%
32%
21%
In Southwest
29%
20%
Utah, education
27%
results in only a
13%
small premium
23%
in the
30%
construction
18%
10%
industry.
17%
12%
Utah County-Level
Bachelor's-Degree-orHigher Wage Premium
compared to Wages of
Workers with High
School Education*
2006-2010 Average
Earnings by Education and Industry
Box Elder
Salt Lake
82%
Piute
81%
State
81%
Utah
81%
Rich
80%
Summit
75%
Millard
74%
Wasatch
70%
Sanpete
68%
Davis
67%
Emery
66%
Weber
65%
Garfield
65%
Cache
62%
San Juan
61%
Washington
59%
Iron
58%
Grand
56%
Juab
Location
matters. Two
counties with
high levels of
oil/gas industry
employment
88%
54%
Daggett
53%
Morgan
52%
Kane
51%
Tooele
50%
Wayne
50%
Carbon
49%
Sevier
49%
Beaver
44%
Uintah
Duchesne
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
39%
26%
Earnings by Education and Gender
Central Utah Average Monthly Wage by Gender and
Education Level*
In Central Utah,
men with a highschool education
earn more than
women with a
bachelor’s degree.
$5,000
$4,500
$4,000
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
Female Bachelor's Degree
Female High School
Male Bachelor's Degree
Male High School
$500
$0
2000
2001
2002
2003
2004
2005
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
2006
2007
2008
2009
2010
Earnings by Education and Gender
Southwest Utah
Average Monthly Wage by Gender and Education Level*
$5,000
$4,500
In Southwest Utah, men
with a high-school
education earn only
slightly more than
women with a
bachelor’s degree.
$4,000
$3,500
$3,000
$2,500
$2,000
$1,500
Female Bachelor's Degree
Female High School
Male Bachelor's Degree
Male High School
$1,000
$500
$0
2000
2001
2002
2003
2004
2005
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
2006
2007
2008
2009
2010
Central Utah Degreed
Female Average
Monthly Wage as a
Percentage of
Degreed Male Average
Monthly Wage*
2006-2010
Other National Indicators
All Sectors
58%
Transportation and Warehousing
77%
Public Administration
74%
Educational Services
73%
Real Estate and Rental and Leasing
69%
Utilities
67%
Agriculture, Forestry, Fishing and Hunting
67%
Construction
66%
Mining, Quarrying, and Oil and Gas Extraction
63%
Manufacturing
56%
Finance and Insurance
54%
Arts, Entertainment, and Recreation
53%
Accommodation and Food Services
50%
Health Care and Social Assistance
47%
Wholesale Trade
46%
Retail Trade
45%
Information
45%
Professional, Scientific, and Technical Services
44%
Other Services
Admin Support/Waste Mgmnt/Remediation Svcs
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
37%
35%
Other National Indicators
In Southwest
Utah, the public
sector offers the
best wage parity
for men and
women with a
bachelor’s degree
or higher.
Southwest Utah
Degreed Female
Average Monthly
Wage as a Percentage
of Degreed Male
Average Monthly
Wage*
2006-2010
All Sectors
58%
Public Administration
79%
Educational Services
73%
Accommodation and Food Services
68%
Admin Support/Waste Mgmnt/Remediation
67%
Information
66%
Real Estate and Rental and Leasing
64%
Construction
64%
Agriculture, Forestry, Fishing and Hunting
62%
Transportation and Warehousing
62%
Manufacturing
Utilities
58%
Management of Companies and
Enterprises
57%
Wholesale Trade
56%
Other Services
55%
Finance and Insurance
51%
Mining, Quarrying, and Oil and Gas
Extraction
51%
Retail Trade
50%
Professional, Scientific, and Technical
Services
50%
Arts, Entertainment, and Recreation
*Workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
59%
Health Care and Social Assistance
46%
42%
Specific Industry
Educational Levels
Trends in Health care/Social Services
Central Area Health Care/Social Assistance Share of
Employment by Educational Level*
100%
90%
22%
22%
22%
22%
22%
21%
21%
21%
40%
40%
40%
39%
39%
39%
40%
40%
29%
29%
30%
80%
70%
60%
In Central Utah, the
share of
employment by
educational
category has
remained fairly
stable.
50%
40%
30%
20%
Bachelor's Degree or Higher
29%
29%
29%
29%
29%
Some College or Associate Degree
High School or Equiv
Less than High School
10%
9%
9%
9%
10%
10%
10%
10%
10%
2005
2006
2007
2008
2009
2010
2011
2012
0%
* Workers 25 and older.
Source: U.S. Census Bureau; Local Employment Dynamics.
Trends in Health care/Social Services
Southwest Health Care/Social Assistance Employment by
Educational Level*
100%
90%
29%
29%
28%
28%
40%
40%
39%
39%
26%
26%
26%
25%
38%
37%
38%
38%
80%
70%
In Southwest Utah,
the share of
employment with a
bachelor’s degree or
higher has declined.
60%
50%
40%
Bachelor's Degree or Higher
30%
20%
24%
24%
25%
25%
27%
27%
27%
27%
High School or Equiv
Less than High School
10%
0%
Some College or Associate Degree
7%
7%
8%
8%
9%
9%
9%
10%
2005
2006
2007
2008
2009
2010
2011
2012
* Workers 25 and older.
Source: U.S. Census Bureau; Local Employment Dynamics.
Examining Hires
Boom to Bust to Recovery
Hires—Boom to Recession to Recovery
Utah Share of New Hires* with a Bachelor’s Degree or Higher
26%
Smaller share
of hires as
the economy
heats up.
25%
Recession as
Determined by the
National Bureau of
Economic Research.
Decreasing
share as the
economy
expands.
Share of
hires
increases
during
recession
and
recovery.
24%
23%
22%
2002
2003
2004
2005
2006
* Four-quarter moving average; individuals 25 years and older only.
Source: U.S. Census Bureau, Local Employment Dynamics.
2007
2008
2009
2010
2011
Hires—Boom to Recession to Recovery
Share of New Hires*
with a Bachelor’s
Degree or Higher
Four Quarters Ending
March 31, 2011
Salt Lake
Summit
Davis
State
Utah
Cache
Rich
Weber
Morgan
Wasatch
Sanpete
Kane
Washington
Iron
Box Elder
Tooele
Juab
Daggett
San Juan
Grand
Carbon
Millard
Garfield
Wayne
Emery
Uintah
Duchesne
Beaver
Sevier
Piute
10%
26%
26%
25%
24%
24%
23%
22%
22%
22%
21%
20%
20%
20%
20%
19%
19%
19%
19%
18%
18%
2000 – 2010
18%
Trend
18%
17%
17%
Little or No Trend
17%
Decreasing Share
16%
16%
Increasing Share
16%
16%
Business Cycle
Hires—Boom to Recession to Recovery
Central Utah Stable Hires
3,000
2,500
2,000
1,500
1,000
500
Stable Hires
Four-Quarter Moving
Average
0
Source: U.S. Census Bureau; Local Employment Dynamics
During the area’s worst
hiring quarter, 1,200
workers found new jobs,
more than 5 percent of
total employment.
Hires—Boom to Recession to Recovery
Southwest Utah Stable Hires
12,000
10,000
8,000
6,000
4,000
2,000
Four Quarter Moving
Average
Stable Hires
0
Source: U.S. Census Bureau; Local Employment Dynamics
During the area’s worst
hiring quarter, 5,000
workers found new
employment, more than 7
percent of total
employment.
Hires—Boom to Recession to Recovery
100%
Central Utah Share of Stable Hires by Age Group
3%
6%
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
6%
6%
6%
7%
7%
7%
7%
7%
7%
8%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
14%
18%
17%
17%
17%
17%
17%
16%
90%
80%
70%
65+
16%
16%
17%
17%
60%
50%
45-54
21%
21%
22%
22%
23%
23%
24%
35-44
24%
24%
24%
24%
40%
30%
25-34
19-24
22%
23%
18 and under
23%
23%
23%
22%
22%
21%
21%
21%
21%
20%
10%
55-64
18%
17%
17%
16%
16%
15%
16%
15%
15%
14%
13%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
0%
Source: U.S. Census Bureau; Local Employment Dynamics
Share of
teenagers’
new hires
declining
Hires—Boom to Recession to Recovery
Southwest Utah Share of Stable Hires by Age Group
100%
3%
6%
3%
6%
3%
6%
3%
3%
3%
3%
3%
3%
3%
3%
3%
6%
6%
6%
7%
7%
7%
7%
8%
8%
12%
12%
12%
12%
12%
12%
12%
12%
12%
12%
12%
13%
17%
16%
16%
16%
15%
15%
15%
15%
15%
15%
16%
16%
22%
22%
22%
23%
23%
24%
24%
25%
26%
26%
90%
80%
70%
Share of
older
workers
hires
increased.
60%
50%
22%
23%
40%
30%
55-64
28%
28%
28%
28%
28%
28%
45-54
27%
26%
26%
20%
10%
65+
25%
26%
26%
35-44
25-34
19-24
13%
14%
14%
13%
13%
13%
13%
13%
12%
11%
10%
9%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
0%
Source: U.S. Census Bureau; Local Employment Dynamics
18 and under
Hires—Boom to Recession to Recovery
Central Utah Stable Hires by Educational Attainment*
100%
90%
14%
13%
14%
14%
13%
13%
13%
13%
13%
13%
13%
80%
70%
33%
33%
33%
33%
33%
33%
33%
32%
33%
33%
32%
High School
60%
Some College
or Associate
50%
40%
35%
35%
35%
35%
35%
35%
35%
35%
35%
35%
35%
19%
19%
19%
19%
19%
19%
19%
20%
19%
19%
19%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
30%
20%
10%
Less than High
School
0%
* Workers 25 years and older.
Source: U.S. Census Bureau; Local Employment Dynamics
Bachelor's
Degree or
Higher
Hires—Boom to Recession to Recovery
Southwest Utah Stable Hires by Educational Attainment*
100%
90%
20%
21%
21%
21%
22%
22%
22%
22%
22%
20%
22%
80%
70%
22%
23%
22%
23%
23%
23%
23%
23%
24%
23%
Less than High
School
23%
60%
Some College
or Associate
50%
25%
24%
24%
40%
24%
24%
25%
25%
25%
25%
25%
24%
30%
20%
33%
32%
33%
31%
31%
30%
30%
30%
30%
33%
31%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
10%
0%
* Workers 25 years and older.
Source: U.S. Census Bureau; Local Employment Dynamics
High School
Bachelor's
Degree or
Higher
Share of
degreedworkers
increased
coming
out of
recession.
Hires—Boom to Recession to Recovery
Central Utah Stable Hire Average Monthly Earnings
$2,500
$2,000
$1,500
$1,000
$500
Stable Hire Average Monthly
Earnings
Four-quarter Moving Average
$0
Source: U.S. Census Bureau; Local Employment Dynamics
Hires—Boom to Recession to Recovery
Southwest Utah Stable Hire Average Monthly Earnings
$2,000
$1,800
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
Stable Hire Average Monthly
Earnings
Four-quarter Moving Average
$200
$0
Source: U.S. Census Bureau; Local Employment Dynamics
Hires—Boom to Recession to Recovery
Central Utah Average Monthly
Stable Hire Wages by Educational Attainment*
$3,000
$2,500
$2,000
$1,500
$1,000
$500
Not much
difference in newhire wages in
lower educational
levels.
$0
* Four-quarter moving average; workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
Bachelor's Degree or Higher
Some College or Associate
High School
Less than High School
Hires—Boom to Recession to Recovery
Southwest Utah Average Monthly Stable Hire Wages by
Educational Attainment*
$3,000
$2,500
$2,000
$1,500
$1,000
$500
Bachelor's Degree or Higher
Some College or Associate
High School
Less than High School
$0
* Four-quarter moving average; workers 25 and older only.
Source: U.S. Census Bureau; Local Employment Dynamics program.
We’ve just scratched the surface . . .
Separations
Comparison of separations and new hires
Ratios of all hires to stable hires
Turnover rates
Firm age
Firm size
Race/ethnicity
So much data, so little time
A suggestion for easy data analysis. . .
Tableau Software
1. Perfect fit for LED time series.
2. Easy to drill-down to any detail.
3. Free Tableau Public product.
4. www.tableausoftware.com/public
Contact Information
Lecia Parks Langston
lecialangston@utah.gov
435-688-3115
Download