1 / 10

21 st Century Workforce Initiative Data Analysis and Applications Webinar May 11, 2007

Learn the value of industry sector analysis for economic development strategies. Discover how to interpret industry job trends, growth sectors, and competitive advantage industries using DLEG reports. Gain insights into regional labor market dynamics and future forecasts.

gsparrow
Download Presentation

21 st Century Workforce Initiative Data Analysis and Applications Webinar May 11, 2007

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 21st Century Workforce Initiative Data Analysis and Applications Webinar May 11, 2007 Brenda C. Njiwaji, Director Bureau of Workforce Programs Michigan Department of Labor & Economic Growth

  2. Agenda • Introduction and Context Brenda C. Njiwaji • LMI Data Reports Rick Waclawek • Bruce Weaver • Rapid Response Data Reports Lloyd Conway • IV. Data Applications Brenda C. Njiwaji • Questions/Closing Remarks Brenda C.Njiwaji

  3. Industry Sector Analysis:Growth, Core, & Competitive-Advantage Industries Presented by DLEG, Bureau of Labor Market Information & Strategic Initiatives May 11, 2007

  4. 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

  5. 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?

  6. 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

  7. 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

More Related