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Will and Skill: Aligning Educational Initiatives with the East Texas &Texas Labor Market. Labor Market & Career Information (LMCI) Texas Workforce Commission richard.froeschle@twc.state.tx.us (512) 936-3105. To What Degree Should Education Be Responsive to the Labor Market? .
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Will and Skill: Aligning Educational Initiatives with the East Texas &Texas Labor Market Labor Market & Career Information (LMCI) Texas Workforce Commission richard.froeschle@twc.state.tx.us (512) 936-3105
To What Degree Should Education Be Responsive to the Labor Market? 1. Do students expect their credentials to improve their job possibilities? 2. Do jobseekers need continuous skill upgrades for an evolving workplace? Are we identifying skill needs?3. Are employers a primary customer of the education system? What are their labor force needs?4. Is college ready and career ready the same? Do our students understand workplace expectations?5. What are we doing to align education with labor market demand and employer skill needs and hiring requirements?
Recent Job Growth and Population Trends:Understanding labor market trends can make a big difference in guiding students to make informed education and career choices
Labor markets involve millions of individual actors, all making decisions simultaneously. Because nobody knows everything happening in the economy today, and nobody can tell the Future: Convergent Validity Labor Market Analysis Economist
A Goldilocks Economy…. Not too Hot… Not too Cold…
Texas Themes of the day • The Texas economy continues to be stronger than the U.S. Texas is subject to the same global macroeconomic forces as other parts of the U.S. (Marl, Nylon-12) • Demographic shifts are changing the face of the Texas labor market where we live, what we look like • Nobody lives in Texas: Distinct regional differences exist in job opportunities by industry & occupation demand • Recent Texas job growth has been largely fueled by: Population growth, the Oil & gas cluster and Professional & Business Services • Occupational demand is more bifurcated. Employers continue to emphasize skill sets andexperienceover job titles and degrees • The current skill alignment between labor market demand and education outputs is less than perfect • In the end, getting a job is all about balancing Will and Skill
Hiring is Up: New Hires vs. Separations New Hires Separations
Changing Nature of Separations:Layoffs down, Quits up Quits Layoffs
Texas Labor Market: Where we areWhere we’ve beenWhere we’re goingWhy we care
Change of the Total Population by County, 2000 to 2010 79 counties lost population over the decade Source: Texas State Data Center
Net migration by age, by counties for 2000-2010 Source: Applied Population Laboratory at the University of Wisconsin-Madison using Census Bureau data
Tough Competition: Generational Employment in Texas 2000 - 2010
How many Millenials does it take to screw in a light bulb? 1. One to the instructions 2. One to post the instructions on the wall of their page 3. One to post the video of their work showing collaboration One Baby Boomer to tell them what a terrific, wonderful, spectacular job they did with the light bulb
Texas Employment in Goods Producing Sector plus Professional & Business Services (1995 indexed SA)
Professional, Scientific & Technical Services in Texas 2nd QTR 2011-2013
Estimated Occupational Staffing Pattern for Professional & Technical Services
East Texas Professional & Technical Services by Education Census LED Industry Focus
Future Jobs: The economy is changing and so is labor market demand. How is it changing, where are we headed and what’s hot now?
Practices affecting job growth and worker preparation 1. Money economy are labor market are decoupling Who’s making money vs. Who’s creating jobs? 2. Emergence of new & blended occupations New jobs that combine work activities from 2 or more traditional occupations into a single “new” job 3. Work Activity Off-loading -passing off lower value-added work to assistants/technicians. See Paralegals, Physicians Assistants, Physical Therapy Assistants 4. Occupational crowding Higher skilled workers taking lower skilled jobs, thus displacing lower skilled workers altogether 5.Technological obsolescence & Labor substitution Technology replacing both workers or specific skills
Decoupling: Productivity Influences Job Creation Output Jobs
“New technologies are encroaching into human skills in a way that is completely unprecedented.” Andrew McAfee, MIT Center for Digital Business “Technology should be deployed wherever possible to free humans from drudgery and repetitive tasks” “Unfortunately, there are a lot of people who earn honest livings from drudgery and repetitive tasks.” Larry Page, Google
Human Resources Sales & Marketing Finance Accounting Building Maintenance Research & Development Production Operations Operations Manager Systems Engineer ContractsManager Marketing Manager Business Unit Silos Accounts Payable Manager Systems Programmer Trainer HVAC Technician New Occupation: Energy Manager (Skills needed: electricity, statistics, sensors, math, pumps, contracts, writing, communications, and more)
What is the IT labor market?Can it be defined as an industry? Can it be defined by occupation? Can it be defined by college major? Is IT a ubiquitous operation or a cross- domain function?Should it be defined by skill set?
Where the Job Postings Are Now: January 2014 NOTE: 80% of all job postings in Big 4 metro areas Source: Wanted Analytics for 90 day period from Jan 24, 2014
Source: Wanted Analytics for 90 day period from Feb. 5, 2014 NOTE: Arrows indicate occupation with greater or less than 5% change in last year
Source: Wanted Analytics for 90 day period from Feb. 5, 2014 NOTE: Arrows indicate occupation with greater or less than 5% change in last year
