Labor Market Conditions
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Transcript of 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
We advance the economic well being of all Kansans through responsive workforce services.
Demand for Labor
Statewide
We advance the economic well being of all Kansans through responsive workforce services.
We advance the economic well being of all Kansans through responsive workforce services.
Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics
We advance the economic well being of all Kansans through responsive workforce services.
We advance the economic well being of all Kansans through responsive workforce services.
We advance the economic well being of all Kansans through responsive workforce services.
We advance the economic well being of all Kansans through responsive workforce services.
0.0
10.0
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1,800
2,000Ja
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Jun-
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Nov-0
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Apr-0
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Sep-
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Feb-
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Jul-0
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Dec-0
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May
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Aug-0
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Jun-
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Nov-0
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Apr-0
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Sep-
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Feb-
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Jul-0
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Dec-0
8
May
-09
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Mar
-10
Aug-1
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Jan-
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Nov-1
1
Apr-1
2
Sep-
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Feb-
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Jul-1
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Dec-1
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Cons
truc
tion
Jobs
(tho
usan
ds, S
easo
nally
Adj
uste
d) a
nd A
vera
ge W
eekl
y Ho
urs
Build
ing
Perm
its (S
easo
nally
Adj
uste
d)
Month-Year
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]
We advance the economic well being of all Kansans through responsive workforce services.
Labor Supply
Labor Force and Unemployment
We advance the economic well being of all Kansans through responsive workforce services.
We advance the economic well being of all Kansans through responsive workforce services.
We advance the economic well being of all Kansans through responsive workforce services. 12
2008-1 to
2008-4
2008-2 to
2009-1
2008-3 to
2009-2
2008-4 to
2009-3
2009-1 to
2009-4
2009-2 to
2010-1
2009-3 to
2010-2
2009-4 to
2010-3
2010-1 to
2010-4
2010-2 to
2011-1
2010-3 to
2011-2
2010-4 to
2011-3
2011-1 to
2011-4
2011-2 to
2012-1
2011-3 to
2012-2
2011-4 to
2012-3
2012-1 to
2012-4
2012-2 to
2013-1
2012-3 to
2013-2
2012-4 to
2013-3
2013-1 to
2013-4
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
4.0
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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.
U-6
U-3
U-4
U-5
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Labor Force Composition
How does Kansas stack up against the US
Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics
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.
We advance the economic well being of all Kansans through responsive workforce services.
Questions
We advance the economic well being of all Kansans through responsive workforce services.
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