2121stst Century Workforce Century Workforce InitiativeInitiative

Data Analysis and Applications Data Analysis and Applications WebinarWebinar

May 11, 2007May 11, 2007

Brenda C. Njiwaji, DirectorBrenda C. Njiwaji, DirectorBureau of Workforce ProgramsBureau of Workforce Programs

Michigan Department of Labor & Economic GrowthMichigan Department of Labor & Economic Growth

Agenda

I. Introduction and Context Brenda C. Njiwaji

II. LMI Data Reports Rick Waclawek

Bruce Weaver

III. Rapid Response Data Reports Lloyd Conway

IV. Data Applications Brenda C. Njiwaji

V. Questions/Closing Remarks Brenda C.Njiwaji

Industry Sector Analysis:Growth, Core, & Competitive-

Advantage Industries

Presented by DLEG, Bureau of Labor Market Information & Strategic InitiativesMay 11, 2007

What Is The Value Of An Industry Sector Analysis?

Provides baseline regional economic information necessary for development of a workforce or economic development strategy:

Existing sources of industry employment

Recent trends in industry jobs

Future forecasts of demand by industry sector

An industry sector analysis is a first step needed to address further related information needs such as:

Key regional occupations

High wage high growth occupations

Skill sets

How Can the DLEG Industry Sector Profiles

Be Used? Will help answer a number of questions on your regional labor market:How do local job trends compare with Michigan and

U.S. patterns?What broad sectors contribute an unusually high

share of regional jobs?What are the key local core sectors and what has been

the recent job and wage performance in those sectors?What industries have added and lost jobs locally?What are the regional “developing” and “competitive-

advantage” industries?

The DLEG Industry Sector Profiles …

Present a regional perspective, although some county detail shown visually via mapping and bulleted text

Provide industry data from the Quarterly Census of Employment & Wages (QCEW); this is administrative tax data from 98 percent of employers

This or any other source of statistical data you use should be validated where possible with qualitative information from local employers.

Much of the data analysis is from 2nd Quarter 2004 to 2nd Quarter 2006

Data reflects private sector jobs only

Content of DLEG Industry Sector Analysis Profiles

Pages 2-3 Description of the profile with definitions of concepts and

explanations of how measures can be used

Page 4 – Regional Labor Market Indicators Page 5 – Industry Job Trends Page 6 – Industry Job Distribution Page 7 – Growth and Declining Industries Page 8 – Core and Developing Industries Page 9 – Competitive-Advantage Industries with

bulleted analysis Maps of economic indicators by county

LMI DATA APPLICATION

DATA ELEMENTS

APPLICATIONS

Labor Market Indicators Jobless Rate Average Weekly Wage Forecasted Job Growth Population

Region, State, and National

Comparisons Regional Trend Analysis

Regional Industry Profile Industry Job Trends Industry Job Distribution

Regional Trend Analysis Industry Diversification Opportunities Area Comparisons

Regional Industry Profile Growth Industries Declining Industries Core Industries Developing Industries Competitive Advantage Industries

Targeting for Business Solutions

Professional (BSP) Services Make Targeted Employer Visits

LMI DATA APPLICATION

DATA ELEMENTS

APPLICATIONS

Layoff/ Closings

Region, State, and National

Comparisons Targeting for Business Solutions

Professional (BSP) Services Defined rapid response activities

Layoff Prevention Information

Target additional companies for

regional business solution service activity