Labor Market Conditions

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We advance the economic well being of all Kansans through responsive workforce services. Labor Market Conditions Prepared for Kansas State Workforce Board April 30, 2014 Labor Market Information Services Kansas Department of Labor Tyler Tenbrink Senior Labor Economist 785-296-5000 Ext. 2593 [email protected]

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Labor Market Conditions. Prepared for Kansas State Workforce Board April 30, 2014. Labor Market Information Services Kansas Department of Labor Tyler Tenbrink Senior Labor Economist 785-296-5000 Ext. 2593 [email protected]. Demand for Labor. Statewide. - PowerPoint PPT Presentation

Transcript of Labor Market Conditions

Page 1: Labor Market Conditions

We advance the economic well being of all Kansans through responsive workforce services.

Labor Market Conditions

Prepared forKansas State Workforce Board

April 30, 2014

Labor Market Information ServicesKansas Department of Labor

Tyler TenbrinkSenior Labor Economist785-296-5000 Ext. 2593

[email protected]

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We advance the economic well being of all Kansans through responsive workforce services.

Demand for Labor

Statewide

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We advance the economic well being of all Kansans through responsive workforce services.

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Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics

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We advance the economic well being of all Kansans through responsive workforce services.

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We advance the economic well being of all Kansans through responsive workforce services.

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We advance the economic well being of all Kansans through responsive workforce services.

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We advance the economic well being of all Kansans through responsive workforce services.

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Building Permits and Construction JobsKansas

January 2001 - March 2014

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics and Census Bureau.

Construction Jobs (Seasonally Adjusted) [Right Axis]

Average Weekly Hours (Construction) [Right Axis]

Building Permits (Seasonally Adjusted) [Left Axis]

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We advance the economic well being of all Kansans through responsive workforce services.

Labor Supply

Labor Force and Unemployment

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2008-1 to

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U-3 4.5 4.9 5.6 6.3 6.8 7.1 7.2 7.2 7.4 7.5 7.2 7.0 6.7 6.4 6.3 5.8 5.6 5.5 5.7 5.7 5.6

U-4 4.6 5.0 5.8 6.5 7.0 7.4 7.6 7.7 7.9 7.9 7.6 7.4 7.0 6.7 6.6 6.2 5.9 5.9 6.0 6.1 5.9

U-5 5.2 5.6 6.5 7.1 7.6 8.1 8.2 8.3 8.5 8.5 8.2 8.1 7.8 7.4 7.2 6.9 6.7 6.8 7.0 7.0 6.8

U-6 7.8 8.6 10.0 11.0 11.5 12.1 11.9 12.0 12.4 12.5 12.4 12.4 12.1 11.5 11.2 10.4 10.2 10.6 10.9 11.3 11.0

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Kansas Labor Underutilization (4 qtr Rolling Average)

U-3, total unemployed, as a percent of the civilian labor force (this is the definition used for the offi cial unemployment rate); U-4, total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers; U-5, total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers; and U-6, total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics.

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Labor Force Composition

How does Kansas stack up against the US

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Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics

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Unemployed 107,691

Unemployed 80,444

Unemployed 107,700 Unemployed 80,400

Joined Labor Force, 26,800

Lost Job,

15,800

Already Unemployed, 65,100

2009

Left Labor Force, 24,100

Found Job,

3,100

Still Unemployed, 80,400

2013

3,100

Found job

65,100

2008

Unemployed 65,100 Unemployed 107,700 Unemployed 80,400

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics

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Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics

KS US KS IndividualsTotal Unemployed 100.0% 100.0% 83,200Less than 5 weeks 33.5% 22.5% 27,9005-14 weeks 25.0% 24.1% 20,80015 to 26 weeks 13.6% 15.8% 11,30027 weeks and over 27.9% 37.6% 23,200

Composition of Unemployment by DurationKansas and US

2013 Annual Averages

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Source: Kansas Department of Labor, Labor Market Information Services in conjunction with the Bureau of Labor Statistics.

Kansas USTotal Unemployed (16 years and over) 100.0% 100.0%Job leavers 14.3% 8.1%Reentrants 27.2% 28.0%New entrants 10.3% 10.9%Job Losers and persons who completed temporary jobs 48.2% 53.0% On temporary layoff 13.7% 9.9% Not on temporary layoff 34.4% 43.1% Permanent job losers 25.1% 32.5% Persons who completed temporary jobs 9.4% 10.6%

Composition of the Unemployed Kansas and US

2013 Annual Averages

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Working Part-time for Economic reasons

Source: Kansas Department of Labor, Labor Market Information Services in conjunction with the Bureau of Labor Statistics.

TotalAt Work Part-time

At Work Full-time

Kansas 5.4% 15.9% 97.9% 2.1%US 5.5% 23.5% 95.0% 5.0%

Economic ReasonsNot at work

Usually Work Part timeKansas

2013 Annual Average

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Kansas

Civilian Noninstitutional Population >25 years

Civilian Labor Force Employment Unemployed

Unemployment Rate

Less than a High school diploma 8.4% 6.0% 5.7% 12.2% 8.8%High school graduates, no college 27.5% 23.8% 23.5% 29.6% 5.4%Some college or associate degree 29.0% 30.2% 30.1% 33.0% 4.7%Bachelor's degree and higher 35.1% 40.0% 40.7% 25.2% 2.7%Total 100.0% 100.0% 100.0% 100.0%

USLess than a High school diploma 11.8% 8.2% 7.8% 14.8% 11.0%High school graduates, no college 30.0% 27.1% 26.7% 33.7% 7.5%Some college or associate degree 26.6% 27.8% 27.7% 29.1% 6.4%Bachelor's degree and higher 31.6% 36.8% 37.8% 22.4% 3.7%Total 100.0% 100.0% 100.0% 100.0%

Employment Status of the Civilian Noninstitutional Population 25 years and over by Educational AttainmentKansas and US

2013 Annual Average

Source: Kansas Department of Labor, Labor Market Information Services in conjunction with the Bureau of Labor Statistics.

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Questions

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www.dol.ks.gov

PresenterTyler TenbrinkSenior Labor Economist

Labor Market Information Services (LMIS)401 SW Topeka Blvd, Topeka Kansas 66603

(785) 296-5000 ext. 2593