1 Overview Overview Regional demographic overview Regional - - PowerPoint PPT Presentation

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Overview Overview

• Regional demographic overview

Regional demographic overview

• Workforce supply analysis

i l d d f k

• Regional demand for workers
• Balancing supply and demand
• Reviewing key cluster trends
• Key challenges for future workforce

Key challenges for future workforce development policy

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DEMOGRAPHIC CHANGE DEMOGRAPHIC CHANGE

Regional Growth Continues Faster than the US and Tennessee

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Recent and Projected Population Growth for the Nashville Economic Market Area for the Nashville Economic Market Area

2.5%

2.4%

2.0%

U.S. Tennessee Nashville Area

1.5% ation Growth

0.9% 1.3% 0 8% 1.3%

1.0% Annual Popula

0.7% 0 3% 0.8% 0 3% 0.5%

0.5%

0.3% 0.3%

0.0% 2004-2009 2009-2014 2014-2019

Source: U.S. Census Bureau Population Estimates; Projections from EMSI

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Annual Population Growth in the G N h ill A

Annual Population

Greater Nashville Area

(2004 to 2009) 2.6% 2.5% 2.4% 1.2%

Annual Population Growth

(2004-2009) More than 3.4%

3.0% 1.3% 1.3% 3 9% 4 0%

2.4% to 3.4% Less than 2.4%

2.6% 3.9% 4.0%

*United States: 0.9% **Tennessee: 1.3% ***Nashville Area: 2.4%

20 Source: US Census Bureau Population Estimates Miles

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Nashville Region Commuting Patterns

25 Miles 20 000+

Commuters

5,000 to 9,999 2,500 to 4,999 10,000 to 19,999 20,000+

Source: US Census Bureau, Local Employment Dynamics (2008)

1,000 to 2,499

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Migration Patterns for the Nashville Economic Market Area

140,000

115,440

120,000

In-migrants Out-migrants

Average AnnualIncome

102,935

80,000 100,000 7-2008) Average Annual Income In-migrants: $45,222 Out-migrants: $43,160

55,391 58,179 54,877 46 809

60,000 Migrants (2007

46,809

20,000 40,000 M Total In-State Out of State

Source: US Internal Revenue Service

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Largest Origins and Destinations of N h ill A Mi 2007 2008 Nashville Area Migrants, 2007‐2008

1 400 1,200 1,400

Total Arriving to Nashville Total Leaving Nashville

800 1,000 nts (2007-08) 600 umber of Migran 200 400 N

Source: IRS

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Age Structure of the Existing Population Population

140,000

126,494

100,000 120,000 80,000

ange, 2000‐2009

46,772 67,582

40 000 60,000

Population Cha

, 24,357 39,917

20,000 40,000

Pre & Young Schoolers (0‐ 9) Next Gen Talent (10‐19) Prime Working Age (20‐ 54) Pre‐Retirees (55‐64) Retirees (65 and over)

Source: U.S Census Bureau Population Estimates

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Population Growth by Ethnicity Population Growth by Ethnicity

9%

U.S.

8.0% 8.5% 7% 8%

U.S. Tennessee Greater Nashville Area

4 9% 5% 6%

lation (2004-2009)

3.3% 4.0% 4.9% 3% 4%

% Change in Popul

1 0% 2.7% 0 9% 1.3% 1.8% 2.3% 1% 2%

%

0.2% 1.0% 0.9% 0% White alone Black or African American Hispanic or Latino (of any race) Asian Ethnicity

Source: Census, EMSI

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WORKFORCE SUPPLY WORKFORCE SUPPLY

Unemployment Up; Lower Skill Workers at Greatest Risk

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Unemployment Rate Unemployment Rate

12%

10.5% 9 3%

10% US Tennessee Nashville Area

9.3% 9.3%

8% ent Rate

5.5% 5.4% 4.5%

4% 6% Unemployme

4.5%

2% 4% 0% 2004 2009

Source: Bureauof Labor Statistics

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Unemployment by Educational Level in Nashville Market Area (2006‐2008) Nashville Market Area (2006 2008)

12.0% Source: American Community Survey

9.9%

10.0%

21.0% 18.7% 5.5%

6.0% 8.0%

Less than high school graduate Hi h h l d

5.5% 4.0%

4.0%

4.5% avg.

25.7%

High school graduate Some college or associate's degree

2.5%

2.0%

34.6%

degree Bachelor's degree or higher

0.0% Less than high school graduate High school graduate Some college or associate's degree Bachelor's degree or higher

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Source: American Community Survey

Unemployment by Educational Level in Nashville Metro Area (2009)

18.3%

18.0% 20.0% Source: American Community Survey

Nashville Metro Area (2009)

14.0% 16.0%

19.1% 16.7% 10.1%

10.0% 12.0%

Less than high school graduate Hi h h l d

7.8%

6.0% 8.0% Nashville Metro Area: 7.7%

29.7%

High school graduate Some college or associate's degree

3.5%

2.0% 4.0%

34.5%

degree Bachelor's degree or higher

0.0% Less than high school graduate High school graduate Some college or associate's degree Bachelor's degree or higher Source: American Community Survey

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Educational Attainment of Population Aged 25 and Above

40%

33.5%

30% 35% %

U.S. Tennessee Greater Nashville Area

28.1% 22.0%22.1% 29.5% 23.6%

25% 30%

ation (25+)

17.0% 14.1% 18.9%

15% 20%

% of Popula

6.2% 10.6% 6.4% 9.7% 6.3% 11.4% 5.2% 7.5% 3.9% 9.3% 5.7% 8.9%

5% 10% 0% Less than 9th grade 9th to 12th grade, no diploma High School Graduate (includes equivalency) Some College, no degree Associate's degree Bachelor's degree Graduate/ Professional

Educational Attainment (2009)

Source: EMSI

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Areas with Concentrations of h d l High Educational Attainers

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Earnings by Educational Attainment ( ) (2006‐2008)

$55,452 G d t f i l $63,174 $43,095 $54,165 $45,477 Bachelor's degree Graduate or professional degree $33 838 $47,853 $31,019 $34,121 Some college or associate's degree g $27,448 $33,838 $25,485 $28,583 High school graduate (includes equivalency)

Greater Nashville Area T ennessee

$19,989 $18,918 $34 712 $20,584 Less than high school graduate

US

$34,483 $30,562 $34,712 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 Average Wages for Population 25+

Source: ACS

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WORKFORCE DEMAND WORKFORCE DEMAND

Continued Opportunities in Services, Extended Road to Recovery

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Nashville Supersectors as Percent of l l Total Employment

18 0% 18.7% Trade, Transportation & Utilities 14.7% 15.9% 18.0% 13.1% 14.1% Education & Health Services Professional & Business Services 10.0% 10.4% 10 0% 10.6% 10.7% Leisure & Hospitality Government 5.3% 10.8% 6.0% 7.1% 10.0% Construction Manufacturing Financial Activities 2.2% 5.7% 6.2% 2.5% 5.7% Information Other Services Construction

2009 2019

0.9% 1.4%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

Agriculture & Mining

Percent of Total Employment Source: EMSI

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Projected “Supersector” Industry h d Growth Trend

U S N h ill E i M k t A U.S 2009 Emp Emp Change Annual Growth Annual Growth Nashville Economic Market Area Supersector Estimate 2009‐2019 Rate Rate Trade, Transportation & Utilities 199,316 19,288 0.9% 0.4% Professional & Business Services 150,418 42,933 2.5% 2.0% Ed ti & H lth S i 139 121 39 042 2 5% 2 1% Education & Health Services 139,121 39,042 2.5% 2.1% Government 113,385 13,493 1.1% 0.6% Leisure & Hospitality 113,268 8,416 0.7% 0.9% Financial Activities 106,953 23,767 2.0% 1.9% , , Manufacturing 75,814 ‐11,805 ‐1.7% ‐0.9% Construction 63,670 12,230 1.8% 1.0% Other Services 60,621 8,922 1.4% 1.1% I f ti 26 480 323 0 1% 0 4% Information 26,480 ‐323 ‐0.1% 0.4% Agriculture & Mining 15,275 ‐4,326 ‐3.3% 0.0% Total 1,064,321 151,637 1.3% 1.1%

Source: EMSI

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Fastest Growing High Wage Occupations

Emp Annual SOC Occupation 2009 Emp Estimate Emp Change 2009-2019 Annual Growth Rate 2009-2019 Median Earnings Educational Requirements 29-1111 Registered nurses 16,346 5,561 2.97% $28.76 Associate's degree Bachelor's 13-2011 Accountants & auditors 9,504 3,070 2.84% $21.89 Bachelor s degree 43-1011 First-line supervisors/managers of

• ffice & administrative support

workers 12,110 2,297 1.75% $20.66 Work exp. in a related field 11-9199 Managers, all other 10,695 2,109 1.82% $20.27 Work exp. in a related field 13-1111 Management analysts 5,939 1,955 2.89% $25.36 Degree plus work exp.

Source: EMSI G t th R i l M di E i f $17 30 Greater than Regional Median Earnings of $17.30

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Preparing for Transition h ’ k The region’s Most at‐risk Occupations

SOC Occupation 2009 Emp Estimate Emp Change 2009-2019 Annual Growth Rate 2009-2019 Median Earnings Educational Requirements 11-9012 Farmers & ranchers 9,161 (3,456)

• 4.63%

$7.26 Long-term OJT 51-2092 Team assemblers 11,085 (1,102)

• 1.04%

$18.79 Moderate-term OJT 35-3021 Combined food preparation & serving workers, including fast food 18,008 (779)

• 0.44%

$8.07 Short-term OJT 35 3021 food 18,008 (779) 0.44% $8.07 Short term OJT 11-9011 Farm, ranch, & other agricultural managers 2,218 (654)

• 3.43%

$11.15 Degree plus work exp. 53-7064 Hand packers & packagers 5,014 (477)

• 0.99%

$9.38 Short-term OJT

Source: EMSI

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Employment Share by Education Requirement

30 0%

4‐Year College Degree 18% Advanced Degree 3%

24.0% 23.7%

25.0% 30.0%

Short‐Term Training 33% 18% Short‐ Advanced Degree 5%

20.0%

T h/S P t Short Term Training 24% 4‐Year College Degree 24%

16.5% 15.4% 15.1%

15.0%

Tech/Some Postsec 9% Moderate Training 15% Long Term Training/ Tech / Some Postsec

10.0%

Training/ Exp 15% 17%

% of New Jobs 5.3%

5.0%

Moderate Training 19% Long Term Training/Exp 18%

% of Total Jobs

0.0% 4‐Year College Degree Short‐Term Training Tech/Some Postsec Moderate Training Long Term Training/Exp Advanced Degree

Source: EMSI

Employment Composition by Education p y p y

3 6% 3.4% Advanced Degree 18.5% 3.6% 17.7% 4‐Year College Degree 9.9% 8.9% Tech/Some Postsec. % of Total Employment ‐ 2009 % of Total Employment ‐ 2019 17.5% 19 2% 17.8% Long Term Training/Exp. 18.7% 32.3% 19.2% Sh t T T i i Moderate Training 31.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% Short‐Term Training

Source: EMSI

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Summary of Regional Workforce Demand Regional Workforce Demand

• Employment growth to return

– Added 46,000 net new jobs since 2004; but lost ground during the recession; ground during the recession; Not enough to retain full employment – Back to full employment by 2014/2015 – Expected to add more than 150,000 jobs by 2019 p j y

• Two‐thirds of new employment growth will
• ccur in 3 economic supersectors:

– Professional & business service – Education & health services – Trade, transportation & utilities

• Highest growth in high skill occupations:

– Nursing – Accounting and financial management – Various managerial positions – High skill IT‐related occupations – Truck driving

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The Potential Labor Market Gap The Potential Labor Market Gap

A L b F A d 16+ (2009)* 894 051 Estimated Need for Workers A Labor Force Aged 16+ (2009)* 894,051 B Labor Force Aged 16+ (2019 Projected)* 942,188 C Projected Net New Workers (B‐A) 48,137 D Available Unemployed Workers (2009) 80,231 D Available Unemployed Workers (2009) 80,231 E Unemployed at "Full Employment" (est. 4%) 34,508 F Total Available Workers 2009 Due to Recession (D‐E) 45,723 G Total Existing Local Workers Available by 2019** (C+F) 93,860 H Projected New Job Creation (2009‐2019) 151,637 I Projected Additional People Required for these New Jobs*** 117,548 J Projected Gap by 2019 (H‐G) 23,688

Calculations: CREC based on Data from EMSI, DemographicsNow **Assumes unemployment rate of 4.0% *Based on Population times estimated labor force participation rate in 2008 and 2018 as published in BLS, "Labor Force Projections to 2018," Monthly Labor Review, November 2009.

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Assumes unemployment rate of 4.0% ***Assumes 1.2 jobs filled by each person in the labor force (similar ratio as 2009) due to combination of turnover and individuals holding multiple jobs

KEY CLUSTER TRENDS KEY CLUSTER TRENDS

Growth “Engines” Rebounding, But the “Bounce” Varies Widely

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Where the Jobs Will Be: l h Health Care

SOC Occupation Est Cluster Emp 2009 Est Cluster Emp 2019 Δ Emp 2009

• 2019

Median Earnings Educational Requirements 29 1111 Registered nurses 13 158 18 182 5 024 $28 76 Associate's degree

Key Industry Trends

• Aging population driving increased demand
• Increased competition between medical service providers in

29-1111 Registered nurses 13,158 18,182 5,024 $28.76 Associate s degree 31-1012 Nursing aides, orderlies, & attendants 6,109 8,121 2,012 $11.90

• Postsec. voc. award

29-2061 Licensed practical & licensed vocational nurses 5,051 6,617 1,566 $18.59

• Postsec. voc. award

29 1069 Ph i i & 4 433 5 535 1 102 $91 81 Fi t f i l d

• Increased competition between medical service providers in

retail settings vs. traditional hospital or medical offices

• Uncertain impact of health care reform

29-1069 Physicians & surgeons 4,433 5,535 1,102 $91.81 First professional degree 31-1011 Home health aides 3,485 4,780 1,295 $10.34 Short-term OJT 29-1051 Pharmacists 526 688 162 $54.19 First professional degree

Source: EMSI

Key Occupations and Workforce Issues

• Family practice physicians

Family practice physicians

• Nursing and allied health
• Health care programmers and IT support

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Where the Jobs Will Be: f h l Information Technologies

Key Industry Trends

SOC Occupation Est Cluster Emp 2009 Est Cluster Emp 2019 Δ Emp 2009

• 2019

Median Earnings Educational Requirements

• Banking, distribution, and health care administration big

regional drivers

• Increased pressure to improve worker productivity

SOC Occupation Emp 2009 Emp 2019

• 2019

Earnings Requirements 15-1021 Computer programmers 1,028 1,612 584 $26.69 Bachelor's degree 15-1031 Computer software engineers, applications 699 1,597 898 $34.28 Bachelor's degree 15-1051 Computer systems analysts 638 1,400 762 $27.81 Bachelor's degree 15 1041 C t t i li t 475 1 222 747 $19 90 A i t ' d

Increased pressure to improve worker productivity Key Occupations and Workforce Issues

15-1041 Computer support specialists 475 1,222 747 $19.90 Associate's degree 15-1081 Network systems & data communications analysts 444 897 453 $23.09 Bachelor's degree

Source: EMSI

• Continuous demand for IT workers throughout the recession

– Specialized programmers, engineers, network systems

managers & analysts g y

• Continuous professional/skill development

– Technology leads to rapid erosion of skills

N d f t t l k l d f lti l fi ld

• Need for contextual knowledge from multiple fields

– E.g., IT/healthcare, IT/Finance

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Where the Jobs Will Be: d Headquarters

E t Cl t E t Cl t Δ E 2009 M di Ed ti l

Key Industry Trends

• Found across a wide array of clusters – health care,

finance/insurance, manufacturing, information, restaurants, etc.

SOC Occupation Est Cluster Emp 2009 Est Cluster Emp 2019 Δ Emp 2009 - 2019 Median Earnings Educational Requirements 43-4051 Customer service representatives 570 990 420 $14.23 Moderate-term OJT 11-9199 Managers, all other 514 600 86 $20.27 Work exp. in a related field 11-1021 General & operations managers 505 803 298 $38.37 Degree plus work exp. 11 1011 Chief executives 422 522 100 $39 94 Degree plus work exp

• Growth projected in these activities, competing for regional and

national HQs

11-1011 Chief executives 422 522 100 $39.94 Degree plus work exp. 11-3031 Financial managers 376 657 281 $33.40 Degree plus work exp.

Source: EMSI

Key Occupations and Workforce Issues

• Executives and managers
• Finance professionals
• Finance professionals
• Administrative personnel
• Customer service representatives

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Where the Jobs Will Be: h d Finance & Shared Services

Key Industries in Cluster

Est Cluster Est Cluster Δ Emp 2009 Median Educational

Key Industries in Cluster

• Traditional and specialty insurance, accounting, and

regional banking D t i i di l tili ti t i

SOC Occupation Emp 2009 Emp 2019

• 2019

Earnings Requirements 41-3021 Insurance sales agents 5,247 5,710 463 $17.20 Bachelor's degree 13-2052 Personal financial advisors 4,230 5,832 1,602 $14.93 Bachelor's degree 43-4051 Customer service representatives 3,564 4,009 445 $14.23 Moderate-term OJT 13-2011 Accountants & auditors 3,540 4,804 1,264 $21.89 Bachelor's degree

• Data mining, medical utilization management, insurance

intermediation, and employee benefit consulting

, , , $ g 41-3031 Securities, commodities, & financial services sales agents 3,036 4,124 1,088 $17.42 Bachelor's degree

Source: EMSI

Key Occupations and Workforce Issues

• Jobs of varying skill‐level required across the industry

I d d kill i l d B i IT i ti bilit t

• In demand skills include: Basic IT, communication, ability to

manage high skill and technical people

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Where the Jobs Will Be: Creative Economy

Key Industry Trends

Est Cluster Est Cluster Δ Emp 2009 - Median Educational

Key Industry Trends

• Large proportion of proprietors and independent artists
• Recession’s reduce willingness for individuals risk‐taking

SOC Occupation Emp 2009 Emp 2019 2019 Earnings Requirements 27-3043 Writers & authors 3,696 4,329 633 $11.23 Bachelor's degree 27-2042 Musicians & singers 3,348 3,068 (280) $18.05 Long-term OJT 27-2041 Music directors & composers 1,898 2,193 295 $10.15 Degree plus work exp. Entertainers & performers, sports

Recession s reduce willingness for individuals risk taking

• Importance of the region’s artistic “milieu” as an amenity for
• ther high skill sectors

27-2099 p , p & related workers, all other 1,697 1,560 (137) $12.33 Long-term OJT 27-1014 Multi-media artists & animators 1,048 1,206 158 $12.70 Bachelor's degree

Source: EMSI

Key Occupations and Workforce Issues I d d d f id ( i i )

• Increased demand for content providers (writers, artists)
• Need for business and career management skills (e.g., music

management) integrated with “talent” management) integrated with talent

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Where the Jobs Will Be: d d f Advanced Manufacturing

SOC Occupation Est Cluster Emp 2009 Est Cluster Emp 2019 Δ Emp 2009 - 2019 Median Earnings Educational Requirements

Key Industry Trends

• Investments in capital lead to increased productivity, but also job

l

SOC Occupation Emp 2009 Emp 2019 2019 Earnings Requirements 51-2092 Team assemblers 5,673 4,810 (863) $18.79 Moderate-term OJT 51-2099 Assemblers & fabricators, all other 3,020 2,696 (324) $15.73 Moderate-term OJT 51-9199 Production workers, all other 1,003 873 (130) $13.57 Moderate-term OJT First line supervisors/managers of

loss

• Major “unexpected” investments can change projections

51-1011 First-line supervisors/managers of production & operating workers 981 792 (189) $23.49 Work exp. in a related field 51-4041 Machinists 942 739 (203) $20.43 Long-term OJT

Source: EMSI

Key Occupations and Workforce Issues

• Replacements and incumbents alike will need: increased technical

skills greater flexibility across jobs and occupations skills, greater flexibility across jobs and occupations

• Firms looking for:

– Machine operators, industrial engineering techs Ch i l d l i i – Chemical and electronic engineers

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Where the Jobs Will Be: b d

Key Industry Trends

Distribution and Logistics

SOC Occupation Est Cluster Emp 2009 Est Cluster Emp 2019 Δ Emp 2009 - 2019 Median Earnings Educational Requirements 53-3032 Truck drivers, heavy & tractor-trailer 8,658 9,427 769 $18.14 Moderate-term OJT 53 7062 Laborers & freight, stock, &

• Increase in sophisticated information management systems
• Traditional retailers and wholesalers are assuming greater role in

di t ib ti ti iti

53-7062 g , , material movers, hand 3,587 3,591 4 $10.93 Short-term OJT 53-3033 Truck drivers, light or delivery services 1,787 1,944 157 $16.31 Short-term OJT Sales representatives, wholesale &

distribution activities Key Occupations and Workforce Issues

41-4011 p , manufacturing, technical & scientific products 1,370 1,471 101 $23.73 Moderate-term OJT 41-4012 Sales representatives, wholesale & manufacturing, except technical &

Key Occupations and Workforce Issues

• Increased demand for heavy truck drivers with CDL and updated

safety certifications

scientific products 1,289 1,343 54 $23.81 Moderate-term OJT

Source: EMSI

• Increased demand for IT and engineering personnel familiar with

logistics operations

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Where the Jobs Will Be: l

Key Industry Trends

Hospitality

SOC Occupation Est Cluster Emp 2009 Est Cluster Emp 2019 Δ Emp 2009 - 2019 Median Earnings Educational Requirements

• Huge impacts from spring flooding, future growth from new projects

– Music City Convention Center downtown

• Declines in business and leisure travel may begin to see the “light at

p p p g q 35-3031 Waiters & waitresses 16,717 19,093 2,376 $8.44 Short-term OJT 35-3021 Combined food preparation & serving workers, including fast food 15,462 14,241 (1,221) $8.07 Short-term OJT 35-2014 Cooks, restaurant 6,196 7,153 957 $10.90 Long-term OJT 11-9051 Food service managers 4,441 5,205 764 $18.22 Work exp. in a related field

the end of the tunnel” Key Occupations and Workforce Issues

35-1012 First-line spvrs. /mgrs. of food preparation & serving workers 4,324 4,380 56 $13.20 Work exp. in a related field

Source: EMSI

y p

• Most in‐demand occupations require OJT
• Greater need for incumbent worker supervisory and customer

service skill training

– STEM areas in food, worker, and customer safety

• Older workforce reduces turnover

– e.g., front desk and housekeeping personnel g , p g p

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Where the Jobs Will Be: Construction Construction

Key Industry Trends

SOC Occupation Est Cluster Emp 2009 Est Cluster Emp 2019 Δ Emp 2009 - 2019 Median Earnings Educational Requirements

• Recession have great impact on regional construction industry, but several

large projects will create opportunity

• Significant changes afoot in construction methods and processes

SOC Occupation Emp 2009 Emp 2019 2019 Earnings Requirements 47-2031 Carpenters 7,805 8,512 707 $20.87 Long-term OJT 47-2061 Construction laborers 6,767 8,074 1,307 $16.37 Moderate-term OJT 47-1011 First-line supervisors/managers of construction trades & extraction workers 5,501 6,362 861 $23.39 Work exp. in a related field

g g p

– LEED and green‐related construction outpacing the market’s willingness to pay a premium – Adoption of building information modeling (BIM) in the design phase will likely

workers 11-9021 Construction managers 5,035 5,653 618 $23.60 Bachelor's degree 47-2111 Electricians 3,476 4,660 1,184 $19.33 Long-term OJT

Source: EMSI

p g g ( ) g p y improve construction processes, reduce down time and costs

Key Occupations and Workforce Issues

• Continued gap in finding electricians and carpenters with appropriate skills

G t d f i ti j t l t d t ti

• Greater need for existing project managers, selected construction

engineers, and/or front‐line supervisors

– Need for some additional skills to improve competitive position

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Summary: Key Clusters Summary: Key Clusters

Where the Jobs Will Be… Eventually Where Key Challenges Exist Eventually

• Health Care
• Headquarters
• Construction
• Advanced Mfg
• Finance & Shared Services
• Distribution and Logistics

I f ti T h l Advanced Mfg

• Creative Economy
• Information Technology,
• esp. for

– Health care – Logistics – Finance

• Hospitality

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Policy Implications

Challenge Strategy Recommendations

• Improve information dissemination about job
• pportunities (e.g., web‐scraping & real‐time LMI)
• Improve efficiency of labor market exchange

(e.g., www.myskillsmyfuture.org)

• Improve information dissemination about job
• pportunities (e.g., web‐scraping & real‐time LMI)
• Improve efficiency of labor market exchange

(e.g., www.myskillsmyfuture.org)

Short‐term unemployment

• Target training for incumbent workers (to save jobs)
• Target training for incumbent workers (to save jobs)
• Increase labor force participation among older and

special populations

• Increase labor force participation among older and

special populations

Long‐term worker h

• Reinforce in‐migration (and retention) of skilled workers

through unique amenities & academic programs

• Reinforce in‐migration (and retention) of skilled workers

through unique amenities & academic programs

shortages

• Identify specialized education/training needs for target

sectors

• Identify specialized education/training needs for target

sectors sectors

• Fill curriculum and program gaps and provide contextual

learning opportunities to meet sector SKILL needs

• Expand internships/apprenticeships at colleges and

universities to help with work readiness sectors

• Fill curriculum and program gaps and provide contextual

learning opportunities to meet sector SKILL needs

• Expand internships/apprenticeships at colleges and

universities to help with work readiness

Targeting to growth sectors

universities to help with work readiness universities to help with work readiness

• Increase career education esp. re: high skill high demand
• ccupations
• Increase college graduation rates, esp. STEM disciplines
• Increase career education esp. re: high skill high demand
• ccupations
• Increase college graduation rates, esp. STEM disciplines

Preparing the talent pipeline

• Enable greater access and incent completion of post‐

secondary programs through support programs

• Enable greater access and incent completion of post‐

secondary programs through support programs

pipeline

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Thank you

For more information: Ken Poole kpoole@c2er.org Mark White mwhite@c2er.org

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