FOR MICHIGANS POPULATION, ECONOMY ECONOMY, , AND AND W WORK? - - PowerPoint PPT Presentation

▶

for michigan s population economy economy and and w work

FOR MICHIGANS POPULATION, ECONOMY ECONOMY, , AND AND W WORK? - - PowerPoint PPT Presentation

Dec 30, 2023 180 likes •314 views

WHA WHAT T DOES DOES THE THE FUTURE FUTURE HOLD HOLD FOR MICHIGANS POPULATION, ECONOMY ECONOMY, , AND AND W WORK? ORK? Jason son S S. . Palmer lmer, , J.D .D., ., Ph.D Ph.D. Dir Director Bur Burea eau of u of La Labo

slide-1

SLIDE 1

WHA WHAT T DOES DOES THE THE FUTURE FUTURE HOLD HOLD FOR MICHIGAN’S POPULATION, ECONOMY ECONOMY, , AND AND W WORK? ORK?

Jason son S S. . Palmer lmer, , J.D .D., ., Ph.D Ph.D. Dir Director Bur Burea eau of u of La Labo bor Mar arket et Inf Infor

rma

mation

n an

and d Strategic gic Init Initiatives es

State of Michigan Department of Technology, Management and Budget Bureau of Labor Market Information and Strategic Initiatives

slide-2

SLIDE 2

THE U.S. ECONOMY IS ENJOYING THE LONGEST PERIOD OF ECONOMIC EXPANSION ON RECORD AND LABOR MARKETS ARE STRONG

slide-3

SLIDE 3

WHILE MICHIGAN’S JOBLESS RATE HAS DECLINED FOR 9 STRAIGHT YEARS, THERE IS STILL SLACK IN THE LABOR MARKET

slide-4

SLIDE 4

DESPITE 8 YEARS OF JOB GROWTH, MICHIGAN’S PAYROLL JOBS REMAINED 5.5 PERCENT BELOW 2000 LEVELS

slide-5

SLIDE 5

TOMORROW’S HIGH- DEMAND, HIGH-WAGE JOBS WILL REQUIRE EDUCATION AND TRAINING BEYOND HIGH SCHOOL

slide-6

SLIDE 6

Future employment, anticipated job growth, and median wages by detailed job title by educational attainment.

6

Source: Michigan Department of Technology, Management and Budget

slide-7

SLIDE 7

Future employment, anticipated job growth, and median wages by detailed job title by educational attainment.

7

Source: Michigan Department of Technology, Management and Budget

slide-8

SLIDE 8

Future employment, anticipated job growth, and median wages by detailed job title by educational attainment.

8

Source: Michigan Department of Technology, Management and Budget

slide-9

SLIDE 9

Future employment, anticipated job growth, and median wages by detailed job title by educational attainment.

9

Source: Michigan Department of Technology, Management and Budget

slide-10

SLIDE 10

Future employment, anticipated job growth, and median wages by detailed job title by educational attainment.

10

Source: Michigan Department of Technology, Management and Budget

slide-11

SLIDE 11

THE FUTURE OF WORK: AUTOMATION AND MACHINE LEARNING WILL AFFECT US ALL, BUT IT SHOULD MOSTLY COMPLEMENT OUR WORK

slide-12

SLIDE 12

WHA WHAT T DOES DOES THE THE FUTURE FUTURE HOLD HOLD FOR MICHIGAN’S POPULATION, ECONOMY ECONOMY, , AND AND W WORK? ORK?

Jason son S S. . Palmer lmer, , J.D .D., ., Ph.D Ph.D. Dir Director Bur Burea eau of u of La Labo bor Mar arket et Inf Infor

rma

mation

n an

and d Strategic gic Init Initiatives es

State of Michigan Department of Technology, Management and Budget Bureau of Labor Market Information and Strategic Initiatives