May 29, 2012 Lorraine Faulds Workforce Intelligence Coordinator

1. Labor Market Information (LMI) 101 for Local Workforce Areas May 29, 2012 Lorraine Faulds Workforce Intelligence Coordinator SC Department of Employment & Workforce

2. Where do I start? With easy access to large volumes of information, it is difficult for DEW and SC Works staff to determine what information they need to help those we serve, both employment/reemployment and business customers. One resource is Labor Market Information (LMI). The LMI Department is housed in DEW, as part of the Employment & Training Division.

3. Why do I need to know about data? Data can help employers and customers have confidence in the one-stop staff because staff will be able to answer questions with actual data. Information resources and tools can help analyze your area and help you be prepared for workforce changes (good and bad!). This knowledge can not only help you in your day-to-day work, but can enhance knowledge for things like program development and strategic planning.

4. You probably get a variety of questions… • Are there jobs in this area for the laid off employees from XYZ Company? • What kind of companies are in my area? • Who are the biggest employers? • What is the unemployment rate in my county? • What occupations are good choices for high school students? • What employers are in my area? • What is the turnover rate for construction jobs? • I have someone who needs retraining: What are the training resources in my area? • What are the characteristics of the labor supply in my area? • How many resumes in the system (SC WOS) match what this employer needs? • How do you answer them?

5. A profile of your area is only three clicks away! • Go to www.scworkforceinfo.com. • Click on “Community Profile Report.” • Select your geographic area. • Click on “View Report.” • Three clicks gives you this data about your area: • Economic: employment, unemployment, retail sales • Demographic: population, commuting patterns, businesses • Industry: employment, new hires, wages, projections • Occupation: projections • Education: attainment, graduation trends, institutions

6. Let’s look at it live! www.scworkforceinfo.com (You also have a handout that will walk you through all the data: Community Profile Desk Reference 2012.)

7. What is NOT in the profile… (but will be added soon!) Current Occupation and Wage Data The profile includes employment data by industry and occupational employment for the future, but what about current employment by occupation? What about wages for those occupations? Statewide: http://www.bls.gov/oes/current/oes_sc.htm Myrtle Beach MSA: http://www.bls.gov/oes/current/oes_34820.htm Median vs. Mean? Median is the middle value and mean is the average. Click on the title to get more information about that occupation. This data is produced annually and is by Metropolitan Statistical Area (MSA).

8. The data seems so old… • The release of this employment data lags about a year behind the time period for the data. • This is due to the time required for data collection and verification, and quality assurance. • In programs where employers are involved in providing the data (like the industry employment and this data), we give an ample amount of time for them to respond in reporting their employment information. • Data are also reviewed by the US Bureau of Labor Statistics which adds time needed for quality assurance.

9. Also Coming Soon… Monthly Industry Employment Data To give customers more timely information about industry employment, the Current Employment Survey produces monthly industry employment data. This data is survey based (unlike the other industry data which is a census and includes ALL employers) so it is an estimate. It is produced geographically by state and MSA.

10. Where can we get more information? SC Department of Employment and Workforce, Labor Market Information (LMI): www.scworkforceinfo.com

11. And to make the data easy to find… The LMI Data Map

12. Offline Special Reports • Employer List • Information from the InfoUSA employer database can only be used for workforce and economic development purposes and has a need-to-know-only distribution requirement. • The information includes the usual contact information plus things like website address (if available), number of employees, and year the business opened. • Reemployment Profiles • Reemployment profiles initially started as a response to a need for the Rapid Response Team, but they can be used in many situations. These are labor intensive and time critical (job openings data can become obsolete). Data includes skills and current openings for the current job, related jobs and wages, openings in SCWOS/online ads for related jobs, and institutions to get training for related jobs. • Training Prioritization • This analysis uses several data items to determine a list of possible occupations where training dollars should have priority. It uses current and projected employment, wages, and advertised job openings to determine which occupations should be on the list. • OJT Job Analysis • In an effort to identify which employers may be open to discussing OJT contracts, this analysis looks at job openings in SCWOS that have been open long-term. • Career Ladders • These are one-page flyers with an industry’s “ascension progression.” It is a great tool to let someone see how a job could develop in to a career. Industries currently available include allied (lower-level) healthcare, road construction, nuclear energy (construction), and nuclear energy (operation), with IT coming soon.

13. Samples of more offline special reports

14. QUESTIONS?

15. Contact LMI South Carolina Dept. of Employment & Workforce Labor Market Information Department (803) 737-2660 or 1-800-205-9290 www.scworkforceinfo.com www.dew.sc.gov Lorraine Faulds: lfaulds@dew.sc.gov