Understanding the Labor Market Pam Frugoli, OWI, ETA Jennifer Troke, OWI, ETA Workforce Information Overview 1. Identify key industries in your area a) Growing b) Significant in the area 2. 3. 4. 5. Identify firms in those industries Identify key occupations employed in those industries Identify key skills and other requirements of those occupations and industries Different sequence with some of the same tools if helping individuals with layoff For more information visit us at: http://businessengagement.workforce3one.org 2 Key Industries What industries are critical to my area? In what industries does this area have a relative competitive advantage compared to other areas (location quotient)? What industries have grown recently in my State (or local area—MSA or county)? For more information visit us at: http://businessengagement.workforce3one.org 3 http://wdr.doleta.gov/directives/attach /workforcedata_guide.doc 4 http://www.bls.gov/lau/data.htm 5 http://data.bls.gov/pdq/querytool.jsp?survey=sm 6 7 8 9 http://data.bls.gov/location_quotient/ControllerServlet 10 http://data.bls.gov/location_quotient/ControllerServlet 11 12 Industry Location Quotients Douglas Co. CO, Brevard Co. FL, Lancaster Co. PA 13 Specific Firms in an Industry in your Local Area What firms are in my local area in this critical or growing industry? Use Employer Locator For more information visit us at: http://businessengagement.workforce3one.org 14 http://www.careerinfonet.org/faq_info.asp?categ ory=120&nodeid=102 15 http://www.careerinfonet.org/employerlocat or/employerlocator.asp?nodeid=18 16 17 What occupations and skill sets does a firm in that industry typically employ? Occupational Employment Statistics (OES) survey OES Data Query System ◦ Industry staffing pattern ◦ Distribution of employment in a specific occupation across industries (what other industries employ these same workers?) For more information visit us at: http://businessengagement.workforce3one.org 18 http://data.bls.gov/oes/ 19 http://data.bls.gov/oes/ 20 For more information visit us at: http://businessengagement.workforce3one.org 21 Industry Staffing Pattern (OES) 22 23 Production Occupations in Industry 24 What are the Skill Requirements for those Key Occupations? Use MyNextMove.gov and O*NET OnLine Tasks performed Tools and Technology used Knowledge Skills Abilities For more information visit us at: http://businessengagement.workforce3one.org 25 www.MyNextMove.gov 26 27 28 www.ONETOnline.org Tools and Technology 29 In a downsizing or layoff situation Can the laid off workers find employment elsewhere? 1. Are there other employers in this same industry still hiring? 2. 3. ◦ Employer Locator ◦ OES Data Query System: one occupation for multiple industries Are there other industries in commuting distance that employ the same types of occupations Can these workers transfer their occupational skills and work experience to other similar occupations? ◦ www.mySkillsmyFuture.org 30 31 For more information visit us at: http://businessengagement.workforce3one.org 32 What other industries employ workers in this occupation? 33 Employers in Plastics Mfg. 34 Transferable Occupational Skills 35 36