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Labor Market Statistics Center

FLORIDA’S SUPPLY / DEMAND WEB PORTAL Funded by the Workforce Data Quality Initiative (WDQI) Florida’s Adult Education Career Pathways December 2012 Tallahassee, Florida. Labor Market Statistics Center. What is this new tool?.

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Labor Market Statistics Center

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  1. FLORIDA’S SUPPLY / DEMAND WEB PORTAL Funded by the Workforce Data Quality Initiative (WDQI) Florida’s Adult Education Career Pathways December 2012 Tallahassee, Florida Labor Market Statistics Center

  2. What is this new tool? • An enhanced and expanded Occupational Supply/Demand Web Portal that Encompasses - Workforce, Education, Labor Market Information, and Current Employer Job Ads and is: • The most comprehensive and timely supply/demand system available in the Nation

  3. Why Develop a Supply/Demand System? • To provide better training alignment in meeting the needs of business • To provide business, workforce, education, economic development, job seekers, students, and others the best possible Occupational Supply/Demand information available

  4. All Users will be able to View and Benefit from: • Pipeline of education and training enrollees and recent completers/graduates by occupation • Current online job ads as an indicator of occupational demand by region and statewide • Contrast of supply to demand to see where occupational shortages exist • Entry, median, and experienced pay for each occupation, by region and statewide • Data visualization of job ads by occupation by region and statewide, displayed by year and month, back to May of 2005 • …. All above by Region and/or Statewide

  5. How will the data be used to help Florida and the economy? • Workforce and education will use the enhanced data to create better alignment of program offerings in meeting occupational demands of business through improved program planning • Economic developers will have the best current occupational supply/demand data readily available when vying for new businesses interested in re-locating to Florida or current businesses wishing to expand operations • Students will benefit from having real time information on which jobs are in demand now and projections of jobs in the future; jobseekers can use the information for re-employment purposes

  6. Florida’s Supply/Demand Model • The indicators of potential labor supply by occupation are : • WIA training enrollees and completers • School District postsecondary vocational/technical enrollees • and completers • Florida College System (formerly Community colleges) enrollees • and completers • Commission on Independent Education - private education • and workforce enrollees and completers • Florida Public University graduates • Jobseekers with known desired occupations

  7. The indicators of occupational demand are: • For Short-Term Analysis • • The Conference Board’s Help Wanted OnLine (HWOL) data series of monthly job ad openings • For Long-Term Analysis • • DEO average annual projected openings • by occupation • As Informational • • Monthly job openings from the state’s job bank – Employ Florida MarketPlace (EFM)

  8. Other informational data available are: • Projected annual average occupational openings including entry, median and • experienced wages • Current employment levels and projected employment levels 8 years into the future • Targeted Occupations List (TOL) indicator

  9. The timing for data updates for the Supply/Demand web application are: • WIA, Jobseekers - Daily • Help Wanted OnLine Job Ads - Monthly • Public Education - Annually • (Term-by-term beginning in November - 3x year) • • Private Education - Annually • DEO Employment Projections - Annually

  10. DATA CAVEATS

  11. DATA CAVEATS (CONT’D)

  12. DATA CAVEATS (CONT’D)

  13. OK, let’s move on to the Supply/Demand web portal demonstration …

  14. Florida Department of Economic Opportunity Labor Market Statistics Center Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida 32399-4111 Phone (850) 245-7283 Duane Whitfield duane.whitfield@deo.myflorida.com www.floridajobs.org/lmsc www.floridawages.com http://www.whatpeopleareasking.com/index.shtm

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