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Just the Facts: Montana’s Adult Learners and Workforce Needs

Just the Facts: Montana’s Adult Learners and Workforce Needs. Barbara Wagner Senior Economist Montana Department of Labor and Industry Research and Analysis Bureau Presented at the Governor’s Forum on Adult Credentialing, Kalispell Montana, August 12, 2010. Today’s Topics.

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Just the Facts: Montana’s Adult Learners and Workforce Needs

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  1. Just the Facts:Montana’s Adult Learners and Workforce Needs Barbara Wagner Senior Economist Montana Department of Labor and Industry Research and Analysis Bureau Presented at the Governor’s Forum on Adult Credentialing, Kalispell Montana, August 12, 2010

  2. Today’s Topics • Drawing the Connection between Education and the Economy • Education as an Economic Development Tool • Education and Workforce Training – Helping Workers Adjust to a Changing Economy

  3. Per Capita Income by State, 2008

  4. Percent of Population with High School Diploma Source: American Community Survey, 2007-2009 and Bureau of Economic Analysis, 2008

  5. Education and Income are Positively Correlated Source: American Community Survey, 2007-2009 and Bureau of Economic Analysis, 2008

  6. Percent of Population with College or Advanced Degrees Source: American Community Survey, 2007-2009

  7. Wages for MT Jobs by Minimum Training Category

  8. MT Poverty Rate by Educational Attainment Source: American Community Survey, 2007-2009. Population over 25 for whom status has been determined.

  9. US Unemployment Rates by Education Level Source: Current Population Statistics

  10. Montana Unemployment Rate by Education Level, 2010 1st Half Source: Current Population Statistics

  11. Take-away Points:Why Education Matters to the Economy • Education is highly correlated with other economic indicators: • Per capita income • Labor force participation • High wages • Lower unemployment • High-skill workers are more productive and more capable of developing improvements in technology or process.

  12. How is Montana Doing?

  13. Percent of Population with an Upper Secondary Degree Source: Organization for Economic Cooperation and Development, 2005

  14. MT Educational Attainment is Decreasing in Lower Age Groups Percent of Population 25 Years and Older with

  15. MT Jobs by Minimum Training Category Source: Occupational Employment Statistics, 2009

  16. How to Attract More Knowledge-Based Jobs Create seamless and integrated workforce training and education system to develop workers from kindergarten through graduate school to continuing workforce education. Create trade organizations to help foster technology diffusion and continued education for professionals. Attract science, technology, and professional services jobs by having a well-educated workforce. Attract entrepreneurs to start businesses in Montana with our quality of life and access to outdoors, but improve transportation so they can still access customers.

  17. Today’s Topics • Drawing the Connection between Education and the Economy • Education as an Economic Development Tool • Education and Workforce Training – Helping Workers Adjust to a Changing Economy

  18. Significant Loss of Jobs in the 2007-2009 Recession U.S. 5.4% Job Loss MT 3.5% Job Loss Source: Current Employment Statistics, 2007 through June 2010 preliminary

  19. Recession Job Losses by Industry Source: Quarterly Census of Employment and Wages, 4th quarter 2007 to 4th quarter 2009

  20. Regional Impact of RecessionAnnual Job Growth by Region, 2007 Q4 to 2009 Q4 Source: Quarterly Census of Employment and Wages

  21. Occupations with the Largest Losses Statewide

  22. Ten Occupations with the Largest Losses in Northwest MT

  23. Some Jobs will Return, but Excess Supply of Workers will Continue Top Ten Occupations with Job Losses in Northwest Montana with Projected Openings

  24. Ten Growing Occupations with Unmet Demand for Workers

  25. Directing Displaced Workers into Appropriate Occupations • Workforce training and education are needed to retrain into growing occupations that don’t have excess supply. ?

  26. Thank you.Please visit www.ourfactsyourfuture.orgto view Dr. Eldridge’s presentation.

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