Post on 21-Dec-2015
August 29, 2011
Florida Agency for Workforce InnovationLabor Market Statistics Center
Florida Labor Market and Economic Update
Workforce Estimating Conference
Labor Force ConditionsSeasonally AdjustedJuly 2011
Florida 9,220,000 8,233,000 987,000 10.7 11.5
United States 153,228,000 139,296,000 13,931,000 9.1 9.5
Area Labor Force
Year Ago Unemployment
RateUnemployment
RateUnemploymentEmployment
The unemployment rate in the state has been higher than the nation since February 2008
The current state unemployment rate is down from the record high rate reported in December 2010 (12.0)
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.
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Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.
Florida Unemployment Rates by CountyJuly 2011, Not Seasonally Adjusted
State
California 12.0 12.4 -0.4Michigan 10.9 12.4 -1.5Florida 10.7 11.5 -0.8Georgia 10.1 10.1 0.0North Carolina 10.1 10.3 -0.2Illinois 9.5 10.1 -0.6Ohio 9.0 10.0 -1.0Texas 8.4 8.1 0.3New York 8.0 8.5 -0.5Pennsylvania 7.8 8.6 -0.8
July 2011(P)Unemployment Rate
(%)
July 2010 Unemployment Rate
(%) Change
P = Preliminary Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center and the U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program, released August 19, 2011.
Unemployment Rates in the Ten Most Populous StatesSeasonally AdjustedJuly 2011
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.
Unemployment RatesFlorida and the United StatesJanuary 1974 – July 2011, Seasonally Adjusted
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
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Recession
Florida
United States
• 1973 oil embargo• Multi-family housing market collapse
Peak unemployment rate 11.9 percent, May 1975
• 1979 energy crisis• Tight monetary policy• Savings and loan collapse
• Defense spending declines• End of the Gulf War• Airlines deregulation
• IT bubble collapse• 9/11 events• Manufacturing outsourcing • Oil prices
• Housing bubble collapse• Financial crisis
Peak unemployment rate 12.0 percent, December 2010
Nonagricultural EmploymentSeasonally Adjusted
Seasonally Adjusted July 2011 July 2010 Change Percent Change
Florida 7,225,800 7,197,700 28,100 0.4%
United States 131,190,000 129,932,000 1,258,000 1.0%
Florida’s jobs grew in July on an annual basis for the tenth consecutive month
Florida has lost 845,400 jobs during the current downturn (March 2007 to July 2011)
Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.
P = Preliminary ** = Less than 0.05 percentSource: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.
Employment in the Ten Most Populous States July 2011, Ranked by Level ChangeSeasonally Adjusted
Georgia 3,812,200 -0.6% -24,900North Carolina 3,868,100 0.1% 4,400Florida 7,225,800 0.4% 28,100Illinois 5,652,700 0.9% 51,100Michigan 3,942,100 1.5% 60,000Pennsylvania 5,693,200 1.3% 70,500Ohio 5,113,400 1.5% 74,100New York 8,656,700 1.2% 106,600California 14,074,700 1.4% 189,600Texas 10,619,800 2.6% 269,500
State
July 2010 - July 2011P
July2011p Percent Change Level Change
Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.
Nonagricultural Employment Growth RatesFlorida and the United StatesJanuary 1974 – July 2011, Not Seasonally Adjusted
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
-8.0
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
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Recession
Florida
United States
• 1973 oil embargo• Multi-family housing market collapse
• Steepest rate of job decline at 5.8 percent, July 1975.
• 1979 energy crisis• Tight monetary policy• Savings and loan collapse
• Defense spending declines• End of the Gulf War• Airlines deregulation
• IT bubble collapse• 9/11 events• Manufacturing outsourcing
• Oil prices• Housing bubble collapse• Financial crisis
• Steepest rate of job decline at -7.0 percent, March 2009
Florida Nonagricultural EmploymentJanuary 1990 – July 2011, Seasonally Adjusted
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5,000,000
5,500,000
6,000,000
6,500,000
7,000,000
7,500,000
8,000,000
8,500,000
9Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.
Nonagricultural Employment by IndustryFloridaJuly 2011 (Seasonally Adjusted)
Note: Percents may not add to 100.0 due to rounding
Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.
Construction4.6%
Manufacturing4.3%
Trade, Transportation, and Utilities20.3%
Information1.8%
Financial Activities6.5%
Professional and Business Services14.5%
Education and Health Services15.3%
Leisure and Hospitality13.3%
Other Services4.3%
Total Government15.3%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
Florida United States
Nonagricultural Employment by IndustryJuly 2011, Seasonally Adjusted, Over-the-Year Percent Change
11Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.
Leisure and Hospitality Gained the Most JobsOver the Year in FloridaJuly 2010 – July 2011 (Seasonally Adjusted)
* Note: Government losses are due primarily to temporary federal Census workers employed last year.
Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.
-30
,00
0
-20
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0
-10
,00
0 0
10
,00
0
20
,00
0
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0
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Construction
*Total Government
Information
Financial Activities
Manufacturing
Other Services
Professional and Business Services
Trade, Transportation, and Utilities
Education and Health Services
Leisure and Hospitality
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011
Florida 2010 Average Annual WagesRange from $45,840 to $26,923
HOLMES (67)
HAMILTON
LEON
ALACHUA
COLLIER
PINELLAS
ORANGE
FLORIDA
BREVARD
BROWARD
DUVAL
HILLSBOROUGH
MIAMI-DADE
PALM BEACH
UNITED STATES
$26,923
$39,124
$39,556
$39,699
$40,824
$41,094
$41,471
$41,570
$43,762
$43,804
$45,082
$45,099
$45,645
$45,840
$46,742
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Wages by IndustryFlorida2010
Industry Average Annual
Wages Total, All Industries $41,570
Information $61,487Financial Activities $57,043Manufacturing $51,847Professional and Business Services $49,155Government $47,360Education and Health Services $43,685Construction $41,088Trade, Transportation, and Utilities $37,111Other Services $29,608Natural Resources and Mining $24,287Leisure and Hospitality $21,448
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011.
Average Annual Wage
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
FloridaUS
Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011. 15
Real-Time LMI Help-Wanted OnLineFive Year Trend
July
, 200
7
Septe
mber
, 200
7
Novem
ber, 2
007
Januar
y, 2
008
Mar
ch, 2
008
May
, 200
8
July
, 200
8
Septe
mber
, 200
8
Novem
ber, 2
008
Januar
y, 2
009
Mar
ch, 2
009
May
, 200
9
July
, 200
9
Septe
mber
, 200
9
Novem
ber, 2
009
Januar
y, 2
010
Mar
ch, 2
010
May
, 201
0
July
, 201
0
Septe
mber
, 201
0
Novem
ber, 2
010
Januar
y, 2
011
Mar
ch, 2
011
May
, 201
1
July
, 201
1100,000
120,000
140,000
160,000
180,000
200,000
220,000
240,000
260,000
Florida Online Job AdsSeasonally Adjusted
Online Ads
Source: The Conference Board, Help Wanted OnLine, prepared by the Florida Agency for Workforce Innovation, Labor Market Statistics Center.
Top Advertised Occupations for Florida--July 2011 Online AdsFlorida Total Ads 231,566 Registered Nurses 11,984 Retail Salespersons 7,551 1.First-Line Supervisors/Managers of Retail Sales Workers 5,761 2.Customer Service Representatives 5,599 3.Physical Therapists* 4,663 4.Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 4,209 5.Occupational Therapists* 3,911 6.Truck Drivers, Heavy and Tractor-Trailer 3,755 7.Computer Systems Analysts 3,715 8.Web Developers 3,633 9.Executive Secretaries and Administrative Assistants 3,372 10.First-Line Supervisors/Managers of Food Preparation and Serving Workers 3,248 11.Telemarketers 3,186 12.Medical and Health Services Managers* 3,125 13.Computer Support Specialists 2,904 14.Insurance Sales Agents 2,836 15.First-Line Supervisors/Managers of Office and Administrative Support Workers 2,676 16.Sales Representatives, Services, All Other 2,541 17.Occupational Therapist Assistants 2,513 172061Sales Agents, Financial Services 2,502
*Occupation requires at least a bachelor's degree
Help Wanted OnLineTM Internet Job (HWOL) Ads
Real-Time LMI Help-Wanted OnLineUnemployment vs. Labor Demand
Source: The Conference Board and the Florida Agency for Workforce Innovation, Labor Market Statistics Center, July 2011. 18
July
2007
July
2008
July
2009
July
2010
July
2011
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
150,000
170,000
190,000
210,000
230,000
250,000
270,000
290,000
UnemploymentHWOL Ads
Unemployment
Online Ads
Source: The Conference Board and the Florida Agency for Workforce Innovation, Labor Market Statistics Center, July 2011.
Real-Time LMI Help-Wanted OnLineEmployment vs. Labor Demand
Real-Time LMI Help-Wanted OnLineEmployment vs. Labor Demand
19
July
2007
July
2008
July
2009
July
2010
July
2011
6,700,000
6,900,000
7,100,000
7,300,000
7,500,000
7,700,000
7,900,000
8,100,000
150,000
170,000
190,000
210,000
230,000
250,000
270,000
290,000 Total Employment
HWOL Ads
Employment
Online Ads
Targeted Industry Clusters
Cleantech Life Sciences Infotech Aviation and Aerospace Homeland Security/Defense Financial/Professional Services
Strategic Areas of Emphasis Manufacturing Corporate Headquarters Emerging Technologies
Education and Training pay …2010 Annual Average
Unemployment Rate(Percent)
Median Earnings (Dollars)
Master’s degree
Bachelor’s degree
Associate degree
Some college, no degree
14.9
10.3
9.2
7.0
5.4
4.0
2.4
1.9
$23,088
$32,552
$37,024
$39,884
$53,976
$66,144
$83,720
$80,600
High-school graduate
Some high-school, no diploma
Professional degree
Doctoral degree
Notes: Unemployment and earnings for workers 25 and older, by educational attainment; earnings for full-time wage and salary workers. 2010 Weekly Median Earnings (multiplied by 52 weeks).
Sources: Bureau of Labor Statistics, Current Population Survey. May 2011.
FloridaAgency for Workforce Innovation
Labor Market Statistics Center
Caldwell BuildingMSC G-020
107 E. Madison StreetTallahassee, Florida 32399-4111
Phone (850) 245-7257
Rebecca RustRebecca.Rust@flaawi.com
www.floridajobs.orgwww.labormarketinfo.comfred.labormarketinfo.comwww.floridawages.com
http://www.whatpeopleareasking.com/index.shtm
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