Local Employment Dynamics Data
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Transcript of Local Employment Dynamics Data
Local Employment Dynamics Data
Tracking the economy through boom, bust and recovery
Why Use LED Data?
1. Available for smaller regions.
2. Employment indicators important.
3. Greater understanding of economy.
4. Demographics of employment.
5. Time series data.
6. Data extraction tool makes it easy.
Why Use LED Data?
7. Inform private-sector decisions.
8. Efficiently allocate public resources.
Types of LED Research
Earnings byEducation,
Industry andGender
Trends inSpecific Industry
(Health care/Social Services)
HiresAnd
Stable-HireEarnings
UsingTableau to
AnalyzeLED Data
Box ElderCache Rich
Weber
Tooele
Salt Lake
Morgan
SummitDaggett
Utah
WasatchDuchesne
Uintah
Juab
Sanpete
Carbon
Emery
Grand
Millard
Piute
Garfield
Sevier
Wayne
San Juan
Iron
Beaver
Washington Kane
Davis
Southwest
Workforce
Investment
Area
Central
Workforce
Investment
Area
Where in the world is . . .?
Earnings
Education, Industry, Gender
Earnings by Education
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Utah Average Monthly Wage by Worker Education*
Bachelor's Degree or Higher
Some College/Associate
High School
Less than High School
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
As expected,
additional
educational
attainment results in
higher earnings.
Earnings by Education
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Central Utah Average Monthly Wage by Worker Education*
Bachelor's Degree or Higher
High School
Some College/Associate
Less than High School
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
In Central Utah,
earnings are more
compressed than
statewide.
Earnings by Education
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Southwest Utah Average Monthly Wage by Worker Education*
Bachelor's Degree or Higher
High School
Some College/Associate
Less than High School
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
Earnings by Education and Industry
15%
18%
26%
28%
29%
24%
31%
30%
37%
41%
42%
41%
44%
50%
50%
53%
56%
54%
68%
76%
52%
24%
32%
40%
40%
40%
44%
49%
53%
58%
63%
63%
64%
70%
82%
85%
88%
91%
91%
104%
124%
81%
Agriculture, Forestry, Fishing and Hunting
Accommodation and Food Services
Construction
Transportation and Warehousing
Mining, Quarrying, and Oil and Gas Extraction
Public Administration
Other Services
Utilities
Manufacturing
Retail Trade
Real Estate and Rental and Leasing
Arts, Entertainment, and Recreation
Administrative/Support/WasteMngnt/Remediation Services
Educational Services
Information
Wholesale Trade
Finance and Insurance
Professional, Scientific, and Technical Services
Management of Companies and Enterprises
Health Care and Social Assistance
All Industries
Bachelor's Degree WagePremium--High SchoolGraduate
Bachelor's Degree WagePremium--SomeCollege/Associate Degree
Utah Bachelor's-Degree-or-Higher Wage Premium compared to Wages of
Workers with Other Educational Levels*2006-2010 Average
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
In these
industries, a
college-
education
really pays.
Earnings by Education and Industry
Central Utah Bachelor's-Degree-or-Higher Wage Premium compared to Wages of
Workers with Other Educational Levels*2006-2010 Average
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
-7%
10%
21%
22%
24%
25%
25%
30%
37%
38%
41%
47%
52%
69%
73%
86%
92%
92%
108%
108%
61%
2%
6%
17%
17%
13%
18%
18%
21%
20%
23%
28%
30%
43%
55%
38%
66%
57%
65%
74%
72%
43%
Management of Companies and Enterprises
Agriculture, Forestry, Fishing and Hunting
Mining, Quarrying, and Oil and Gas Extraction
Transportation and Warehousing
Utilities
Other Services
Construction
Arts, Entertainment, and Recreation
Retail Trade
Public Administration
Accommodation and Food Services
Manufacturing
Real Estate and Rental and Leasing
Wholesale Trade
Professional, Scientific, and Technical Services
Administrative and Support and Waste Management andRemediation
Information
Educational Services
Finance and Insurance
Health Care and Social Assistance
All Sectors
Bachelor's Degree WagePremium--SomeCollege/Associate Degree
Bachelor's Degree WagePremium--High SchoolGraduate
In this
industry,
education
did not
increase
earnings. . .
Earnings by Education and IndustrySouthwest Utah
Bachelor's-Degree-or-Higher Wage Premium compared to Wages of
Workers with Other Educational Levels*2006-2010 Average
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
12%
10%
30%
13%
20%
21%
26%
27%
23%
29%
27%
33%
30%
25%
33%
44%
46%
61%
79%
71%
42%
17%
18%
23%
27%
29%
32%
33%
36%
37%
41%
44%
46%
46%
49%
53%
68%
72%
95%
120%
133%
60%
Construction
Accommodation and Food Services
Mining, Quarrying, and Oil and Gas Extraction
Agriculture, Forestry, Fishing and Hunting
Administrative and Support and WasteManagement and Remediation Services
Public Administration
Real Estate and Rental and Leasing
Manufacturing
Other Services
Transportation and Warehousing
Arts, Entertainment, and Recreation
Wholesale Trade
Retail Trade
Information
Utilities
Educational Services
Professional, Scientific, and Technical Services
Finance and Insurance
Health Care and Social Assistance
Management of Companies and Enterprises
All Sectors
Bachelor's Degree WagePremium--High SchoolGraduate
Bachelor's Degree WagePremium--SomeCollege/Associate Degree
In Southwest
Utah, education
results in only a
small premium
in the
construction
industry.
Earnings by Education and IndustryUtah County-Level
Bachelor's-Degree-or-Higher Wage Premium compared to Wages of
Workers with High School Education*
2006-2010 Average
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
26%
39%
44%
49%
49%
50%
50%
51%
52%
53%
54%
56%
58%
59%
61%
62%
65%
65%
66%
67%
68%
70%
74%
75%
80%
81%
81%
81%
82%
88%
Duchesne
Uintah
Beaver
Sevier
Carbon
Wayne
Tooele
Kane
Morgan
Daggett
Juab
Grand
Iron
Washington
San Juan
Cache
Garfield
Weber
Emery
Davis
Sanpete
Wasatch
Millard
Summit
Rich
Utah
State
Piute
Salt Lake
Box Elder
Location
matters. Two
counties with
high levels of
oil/gas industry
employment
Earnings by Education and Gender
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Central Utah Average Monthly Wage by Gender and Education Level*
Female Bachelor's Degree
Female High School
Male Bachelor's Degree
Male High School
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
In Central Utah,
men with a high-
school education
earn more than
women with a
bachelor’s degree.
Earnings by Education and Gender
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Southwest Utah Average Monthly Wage by Gender and Education Level*
Female Bachelor's Degree
Female High School
Male Bachelor's Degree
Male High School
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
In Southwest Utah, men
with a high-school
education earn only
slightly more than
women with a
bachelor’s degree.
Other National Indicators
35%
37%
44%
45%
45%
46%
47%
50%
53%
54%
56%
63%
66%
67%
67%
69%
73%
74%
77%
58%
Admin Support/Waste Mgmnt/Remediation Svcs
Other Services
Professional, Scientific, and Technical Services
Information
Retail Trade
Wholesale Trade
Health Care and Social Assistance
Accommodation and Food Services
Arts, Entertainment, and Recreation
Finance and Insurance
Manufacturing
Mining, Quarrying, and Oil and Gas Extraction
Construction
Agriculture, Forestry, Fishing and Hunting
Utilities
Real Estate and Rental and Leasing
Educational Services
Public Administration
Transportation and Warehousing
All SectorsCentral Utah Degreed Female Average
Monthly Wage as a Percentage of
Degreed Male Average Monthly Wage*
2006-2010
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
Other National Indicators
Southwest Utah Degreed Female Average Monthly
Wage as a Percentage of Degreed Male Average Monthly
Wage*2006-2010
*Workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
58%
79%
73%
68%
67%
66%
64%
64%
62%
62%
59%
58%
57%
56%
55%
51%
51%
50%
50%
46%
42%
All Sectors
Public Administration
Educational Services
Accommodation and Food Services
Admin Support/Waste Mgmnt/Remediation
Information
Real Estate and Rental and Leasing
Construction
Agriculture, Forestry, Fishing and Hunting
Transportation and Warehousing
Manufacturing
Utilities
Management of Companies andEnterprises
Wholesale Trade
Other Services
Finance and Insurance
Mining, Quarrying, and Oil and GasExtraction
Retail Trade
Professional, Scientific, and TechnicalServices
Arts, Entertainment, and Recreation
Health Care and Social Assistance
In Southwest
Utah, the public
sector offers the
best wage parity
for men and
women with a
bachelor’s degree
or higher.
Specific Industry
Educational Levels
Trends in Health care/Social Services
9% 9% 9% 10% 10% 10% 10% 10%
29% 29% 29% 29% 29% 30% 29% 29%
40% 40% 40% 39% 39% 39% 40% 40%
22% 22% 22% 22% 22% 21% 21% 21%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2005 2006 2007 2008 2009 2010 2011 2012
Central Area Health Care/Social Assistance Share of Employment by Educational Level*
Bachelor's Degree or Higher
Some College or Associate Degree
High School or Equiv
Less than High School
* Workers 25 and older.Source: U.S. Census Bureau; Local Employment Dynamics.
In Central Utah, the
share of
employment by
educational
category has
remained fairly
stable.
Trends in Health care/Social Services
7% 7% 8% 8% 9% 9% 9% 10%
24% 24% 25% 25%27% 27% 27% 27%
40% 40% 39% 39%38% 37% 38% 38%
29% 29% 28% 28% 26% 26% 26% 25%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2005 2006 2007 2008 2009 2010 2011 2012
Southwest Health Care/Social Assistance Employment by Educational Level*
Bachelor's Degree or Higher
Some College or Associate Degree
High School or Equiv
Less than High School
* Workers 25 and older.Source: U.S. Census Bureau; Local Employment Dynamics.
In Southwest Utah,
the share of
employment with a
bachelor’s degree or
higher has declined.
Examining Hires
Boom to Bust to Recovery
22%
23%
24%
25%
26%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Recession as Determined by the National Bureau of Economic Research.
Smaller share
of hires as
the economy
heats up.
Share of
hires
increases
during
recession
and
recovery.
Decreasing
share as the
economy
expands.
* Four-quarter moving average; individuals 25 years and older only.
Source: U.S. Census Bureau, Local Employment Dynamics.
Utah Share of New Hires* with a Bachelor’s Degree or Higher
Hires—Boom to Recession to Recovery
Hires—Boom to Recession to Recovery
10%
16%
16%
16%
16%
17%
17%
17%
18%
18%
18%
18%
19%
19%
19%
19%
20%
20%
20%
20%
21%
22%
22%
22%
23%
24%
24%
25%
26%
26%
PiuteSevier
BeaverDuchesne
UintahEmeryWayne
GarfieldMillardCarbonGrand
San JuanDaggett
JuabTooele
Box ElderIron
WashingtonKane
SanpeteWasatchMorganWeber
RichCache
UtahStateDavis
SummitSalt Lake
Little or No Trend
Decreasing Share
Increasing Share
Business Cycle
2000 – 2010 Trend
Share of New Hires*
with a Bachelor’s
Degree or Higher
Four Quarters Ending
March 31, 2011
0
500
1,000
1,500
2,000
2,500
3,000
Central Utah Stable Hires
Stable Hires
Four-Quarter MovingAverage
Source: U.S. Census Bureau; Local Employment Dynamics
Hires—Boom to Recession to Recovery
During the area’s worst
hiring quarter, 1,200
workers found new jobs,
more than 5 percent of
total employment.
0
2,000
4,000
6,000
8,000
10,000
12,000
Southwest Utah Stable Hires
Four Quarter MovingAverage
Stable Hires
Hires—Boom to Recession to Recovery
Source: U.S. Census Bureau; Local Employment Dynamics
During the area’s worst
hiring quarter, 5,000
workers found new
employment, more than 7
percent of total
employment.
Hires—Boom to Recession to Recovery
18% 17% 17% 16% 16% 15% 16% 15% 15% 14% 13%
22% 23% 23% 23% 23% 22% 22% 21% 21% 21% 21%
21% 21% 22% 22% 23% 23% 24%24% 24% 24% 24%
18% 17% 17% 17% 17% 17% 16%16% 16% 17% 17%
13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 14%
6% 6% 6% 6% 7% 7% 7% 7% 7% 7% 8%
3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Central Utah Share of Stable Hires by Age Group
65+
55-64
45-54
35-44
25-34
19-24
18 and under
Source: U.S. Census Bureau; Local Employment Dynamics
Share of
teenagers’
new hires
declining
Hires—Boom to Recession to Recovery
13% 14% 14% 13% 13% 13% 13% 13% 12% 11% 10% 9%
28% 28% 28% 28% 28% 28% 27% 26% 26%25% 26% 26%
22% 22% 22% 22% 23% 23% 23% 24% 24%25% 26% 26%
17% 16% 16% 16% 15% 15% 15% 15% 15% 15% 16% 16%
12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 13%
6% 6% 6% 6% 6% 6% 7% 7% 7% 7% 8% 8%
3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Southwest Utah Share of Stable Hires by Age Group
65+
55-64
45-54
35-44
25-34
19-24
18 and under
Source: U.S. Census Bureau; Local Employment DynamicsSource: U.S. Census Bureau; Local Employment Dynamics
Share of
older
workers
hires
increased.
Hires—Boom to Recession to Recovery
19% 19% 19% 19% 19% 19% 19% 20% 19% 19% 19%
35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
33% 33% 33% 33% 33% 33% 33% 32% 33% 33% 32%
14% 13% 14% 14% 13% 13% 13% 13% 13% 13% 13%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Central Utah Stable Hires by Educational Attainment*
Less than HighSchool
High School
Some Collegeor Associate
Bachelor'sDegree orHigher
* Workers 25 years and older.Source: U.S. Census Bureau; Local Employment Dynamics
Hires—Boom to Recession to Recovery
33% 32% 33% 31% 31% 30% 30% 30% 30% 33% 31%
25% 24% 24%24% 24% 25% 25% 25% 25%
25%24%
22% 23% 22% 23% 23% 23% 23% 23% 24%23%
23%
20% 21% 21% 21% 22% 22% 22% 22% 22% 20% 22%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Southwest Utah Stable Hires by Educational Attainment*
Less than HighSchool
High School
Some Collegeor Associate
Bachelor'sDegree orHigher
* Workers 25 years and older.Source: U.S. Census Bureau; Local Employment Dynamics
Share of
degreed-
workers
increased
coming
out of
recession.
$0
$500
$1,000
$1,500
$2,000
$2,500
Central Utah Stable Hire Average Monthly Earnings
Stable Hire Average MonthlyEarnings
Four-quarter Moving Average
Source: U.S. Census Bureau; Local Employment Dynamics
Hires—Boom to Recession to Recovery
Hires—Boom to Recession to Recovery
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
Southwest Utah Stable Hire Average Monthly Earnings
Stable Hire Average MonthlyEarnings
Four-quarter Moving Average
Source: U.S. Census Bureau; Local Employment Dynamics
Hires—Boom to Recession to Recovery
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Central Utah Average Monthly Stable Hire Wages by Educational Attainment*
Bachelor's Degree or Higher
Some College or Associate
High School
Less than High School
* Four-quarter moving average; workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
Not much
difference in new-
hire wages in
lower educational
levels.
Hires—Boom to Recession to Recovery
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Southwest Utah Average Monthly Stable Hire Wages by Educational Attainment*
Bachelor's Degree or Higher
Some College or Associate
High School
Less than High School
* Four-quarter moving average; workers 25 and older only.Source: U.S. Census Bureau; Local Employment Dynamics program.
We’ve just scratched the surface . . .
Separations
Comparison of separations and new hires
Ratios of all hires to stable hires
Turnover rates
Firm age
Firm size
Race/ethnicity
So much data, so little time
A suggestion for easy data analysis. . .
Tableau Software
1. Perfect fit for LED time series.
2. Easy to drill-down to any detail.
3. Free Tableau Public product.
4. www.tableausoftware.com/public