Labor Market Information
Program
Labor Market Statistics Center
Objectives
• Introduction to the Labor Market Information
(LMI) program
• Overview of:
– Definitions
– Mission
– Products / Data Series
– Customers
What is LMI?
• Labor force, employment, unemployment,
unemployment rates
• Employment and wages by industry and occupation
• Employment projections by industry and occupation
• Other
– Population demographics
– Education and training data
– On-line job ads
Mission
• The LMI program mission is to produce,
analyze, and deliver timely and reliable labor
statistics to improve economic decisionmaking
LMI Produced / Delivered
•
•
•
•
•
•
•
•
Labor Force
Total Employment
Employment by Industry and Occupation
Employment Projections by Industry and Occupation
(Demand)
Unemployment/ Unemployment Rate
Wage by Industry and Occupation
Census / local employment dynamics (LED)
Education / training data and on-line job ads
Who are Customers of LMI?
•
•
•
•
•
•
•
Workforce / Economic Development Decision-Makers
Employers / Job Seekers
Education / Welfare Planners
Career Counselors / Teachers
Economists / Policy Makers
Elected Officials
Media
LMI Facts
• Data collected under Federal/ State Cooperative
Statistical Programs
• Data comparable nationwide for all counties and
metro areas
• Data meet stringent probability sampling design
statistical methods with required response rates of
75 percent
• Monthly data release dates by county and metro
area are 3 weeks after the reference month
What Are LMI Data Definitions?
• Labor Force is employment plus unemployment
• Employment is all those 16+ that work one hour or
more for pay or profit (during the survey reference
week ) or 15 hours without pay in a family enterprise
• Unemployment is all those 16+ without a job (during
the survey reference week) but are available and
actively seeking work during the previous four weeks
• Unemployment rate is unemployment divided by
labor force
12.0
Unemployment Rates, Florida and the
United States – Recessions 1974 – 2012
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 June 15, 2012.
Nonagricultural Employment by Industry,
Florida
Education and
Health Services
15.3%
Professional and
Business Services
14.7%
Leisure and
Hospitality
13.2%
Other Services
4.2%
Financial Activities
6.7%
Information
1.8%
Trade,
Transportation, and
Utilities
20.7%
Total Government
14.8%
Construction
4.3%
Manufacturing
4.3%
Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released June 15, 2012.
Prepared by: Florida Department of Economic Opportunity, Labor Market Statistics Center.
Wages by Industry,
Florida
Average Annual
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
Wages
$41,574
$61,506
$57,042
$51,848
$49,185
$47,361
$43,686
$41,087
$37,109
$29,609
$24,286
$21,447
Source: Florida Department of Economic Opportunity, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program. Released
October 2011.
Fastest-Growing Occupations*
Florida, Forecast to 2019
RANK
1
2
3
4
5
6
7
8
9
10
OCCUPATIONAL TITLE
Home Health Aides
Network Systems and Data Communications Analysts
Cost Estimators
Physician Assistants
Personal and Home Care Aides
Veterinary Technologists and Technicians
Drywall and Ceiling Tile Installers
Heating, A.C., and Refrigeration Mechanics and Installers
Dental Hygienists
Cement Masons and Concrete Finishers
2011
ANNUAL GROWTH HOURLY
PERCENT LEVEL
WAGE
5.49
5.07
4.47
4.11
4.10
4.08
3.97
3.95
3.86
3.76
1,845
1,049
461
166
606
249
214
881
347
278
10.55
34.54
27.88
43.03
9.55
14.50
15.79
19.20
28.55
15.49
EDUCATIONAL
ATTAINMENT
PSAV Cert.
PSAV Cert.
CC Cert./Degree
Bachelor's
PSAV Cert.
CC Cert./Degree
PSAV Cert.
PSAV Cert.
CC Cert./Degree
PSAV Cert.
*Includes occupations w ith a minimum employment greater than 4,000 jobs in 2011.
H.S.– High School, PSAV – Postsecondary Adult Vocational Certificate, CC Cert. – Community College Certificate,
Note: Because most industries experienced job declines in the economic dow nturn that began in 2007, some of the job grow th projected in this forecast
includes the recapturing of jobs lost since that time.
Source: Florida Department of Economic Opportunity, Labor Market Statistics Center. Released October 2011.
What Is the Most Common
Misconception Concerning LMI?
• That the count of unemployed consists only of
Unemployment Compensation (UC) claimants
(WRONG!)
• Note: The number of the unemployed is a broader
concept and a larger number than just UC
claimants. The unemployed do not have be eligible
or claiming UC benefits; instead they must just be
seeking work. The unemployment rate is not the
UC rate.
What Are the Types of Unemployed?
• Job losers (those on layoff or termination
seeking work)
• Job leavers (those that voluntarily leave a job
and then seek work)
• New entrants (those that enter the labor
market for the first time seeking work)
• Re-entrants (those that had left the labor
force and have rejoined to seek work)
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.
Conclusion