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