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Labor Market Information. September 2011 Suzan Reagan, Labor Economist College and Career Academy. Labor Market Information. Job Descriptions Education Wages Employment levels Future Growth. Economic Research and Analysis Bureau . NM Industry & Occupational Situation
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Labor Market Information September 2011 Suzan Reagan, Labor Economist College and Career Academy
Labor Market Information • Job Descriptions • Education • Wages • Employment levels • Future Growth
Economic Research and Analysis Bureau • NM Industry & Occupational Situation • Recession History/impact of • Career Solutions • Other Sources of Data • LASER (laser.state.nm.us) • NM Workforce Connection (www.jobs.state.nm.us)
Current Employment Situation Let’s get the bad news out of the way first… The unemployment rate for: The US is at 9.1% 9.5% New Mexico 6.6% 8.7% Albuquerque 7.2% 9.2 % Las Cruces 6.5% 8.3 % Santa Fe 5.3% 7.1 % Farmington 7.1% 10.1 % August 2011 August 2010
Most Recessions & Business Cycles The 2007-2011 Recession
US In thousands NM
How BAD? NM Total Non-Farm Employment Not Seasonally Adjusted: Labor Market Supply and Demand! Max December 2007: 855,300 Min January 2011: 785,900 Difference: -69,400 August 2007: 843,200 August 2011: 803,000 Difference: -40,200
NM UI Continued Claims Duration Based on UI Summary Data 2nd Qtr 2011: Average Duration 21.5 weeks in 2010
NM Industries Change How Has New Mexico Handled the Recession? • Mining lost over 500 • Construction shed about 16,000 • Manufacturing lost another 8,000 • Retail took a hit with 6,000 • Admin & Waste Svs 5,000 • Bright spot Health Care +12,000
NM Employment Projections Annual Average Percent Change 0.97
Occupations Career Exploration
NM Occupational Category Employment 2009 Source: NM Department of Workforce Solutions Economic Research & Analysis Bureau
NM Occupational Group Annual Average Percent Change 2009-2019
Detailed Job Profile for over 700 occupations • Job Description +knowledge, skills, tasks, abilities • Training Program Completers • Typical Education Requirements • Wage Statistics by area and industry • Employment Projections • Employment by Industry • Area’s available: • Statewide, • 4 MSA’s, • 4 Workforce Information Regions
Tools for LMI • Career Solutions : http://www.dws.state.nm.us/careersolutions/index.html • LASER: http://laser.state.nm.us/ • NM Workforce Connection: https://www.jobs.state.nm.us/ • Green Jobs: http://www.greenjobs.state.nm.us • National http://careeronestop.org/ • Reference for teachers and councilors • http://www.careeronestop.org/Audience/Professionals/OutreachTraining.aspx
Thank You! • Suzan Reagan • E-mail suzan.reagan@state.nm.us • Phone (505) 383-2731