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EMSI Annual Conference Labor Mkt. Outlook Coeur d’Alene, ID September 12, 2012

EMSI Annual Conference Labor Mkt. Outlook Coeur d’Alene, ID September 12, 2012. Bob Uhlenkott Chief Research Officer Idaho Department of Labor. Research Collaborations.

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EMSI Annual Conference Labor Mkt. Outlook Coeur d’Alene, ID September 12, 2012

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  1. EMSIAnnual ConferenceLabor Mkt. OutlookCoeur d’Alene, IDSeptember 12, 2012 Bob Uhlenkott Chief Research Officer Idaho Department of Labor

  2. Research Collaborations • Labor Market Information shops are collaborating with education institutions all across the country via State Longitudinal Data Systems (SLDS) and Workforce Data Quality Initiative (WDQI) grants. • State Education and Workforce goals vary across the country but have common theme. Build a broader, smarter and more educated workforce 60%

  3. Return-On-Investment

  4. $60B -- Idaho Gross Domestic Product 2013 $60 Billion 2016

  5. Idaho Seasonally Adjusted Unemployment Rate (9.6%) Previous Record Dec-1982 to Feb-1983 8.3% 7.5 % July 2012 (2.7%) Nov-2006 to Mar-2007

  6. Conference Board Data (July 2012)

  7. Idaho Non-Farm JobsYear Over Year Percentage Change

  8. EMSI Uses in Idaho LMI Shop • EMSI Adds Value: • Input-Output Models/Multipliers • Release-able Data Sets (estimates confidential cells) • Data Mining in Smaller Geographies • Quick and Easy Data Mining and Formatting

  9. Industry and Occupational Projections • STP - 2009 to 2011 – Jobs were projected to grow annually at .30%. • Underestimated Non-farm Jobs in the fourth quarter of 2011 by 140 Jobs (off by .023%). • STP - 2010 to 2012 – Jobs were projected to grow annually at .33%. • Growth expected to be near projection. • STP - 2011 to 2013 – Jobs are projected to grow annually at 1.2%. • Too early to tell, but growth is slower than the projection in the first six months. • LTP - 2010 to 2020 – Jobs projected to grow at 1.7%. • More to be shared this afternoon.

  10. Education and Training Pay!

  11. Thank You! Bob Uhlenkott Bob.uhlenkott@labor.idaho.gov 208.332.3570 ext. 3217

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