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Presentation for September 2008 Board Meeting

Presentation for September 2008 Board Meeting. A Tale of Two Cities A Statistical Analysis of Baltimore’s Mature Workers. OVERVIEW.

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Presentation for September 2008 Board Meeting

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  1. Presentation forSeptember 2008 Board Meeting A Tale of Two Cities A Statistical Analysis of Baltimore’s Mature Workers

  2. OVERVIEW • First, data sets are presented that analyze the demographic characteristics of Baltimore City’s overall mature worker population, vs. those of the State and comparable jurisdictions. • “Mature workers” are defined as those citizens between the ages of 55 and 74. • This data is a compilation of information from: 2006 American Community Survey – US Census Bureau and tabulations from the Center for Labor Market Studies, Northeastern University.

  3. OVERVIEW • Next, data is presented which provides a more focused assessment of a sub-set of Baltimore’s mature workers: those who have utilized one of MOED’s One-Stop Career Centers. • For this assessment, “mature workers” are defined as all of those citizens above 55 years of age. • This data is a compilation of information provided by MOED’s Performance and Planning Division.

  4. Baltimore’s Mature Workers

  5. Population Data **For Baltimore, another 91,331 individuals are in the 45 – 54 age bracket (15% of total population.**

  6. GENDER DEMOGRAPHICS

  7. EDUCATIONAL ATTAINMENT

  8. EDUCATIONAL ATTAINMENT

  9. ANNUAL MEAN EARNINGS **Percentages are of each jurisdiction’s 2006 median household income (Baltimore - $36,031, Montgomery - $87,624, Prince George’s - $65,861, and Maryland - $65,144). **

  10. ANNUAL MEAN EARNINGS

  11. POVERTY THRESHOLD

  12. POVERTY/LOW-INCOME DATA

  13. LABOR FORCE PARTICIPATION

  14. LABOR FORCE PARTICIPATION

  15. UNEMPLOYMENT RATES **It is important to note that unemployment statistics only count individuals who are collecting federal Unemployment Insurance (UI) benefits. Once UI expires, a person drops of the unemployment rolls, but could very well still be out of work.**

  16. Mature Workers Served By MOED

  17. MATURE WORKERS SERVED BY MOED

  18. MATURE WORKERS SERVED BY MOED Gender: Male – 52% Female – 48% Age: 55 – 61 – 72% 62 – 70 – 22% 71 – 80 – 5% 81 + – 1% Employment Status: Employed – 10% Not Employed – 90%

  19. EDUCATIONAL ATTAINMENT

  20. Concluding Remarks • Overall, Baltimore’s mature workers confront the same set of challenges faced by all city residents (low income levels, limited educational attainment, lack of employment). • In general, however, the mature workers who utilize MOED’s services exhibit greater stability in each of these areas.

  21. Concluding Remarks • This statistical assessment provides us with a firm foundation for future research into employment issues facing mature workers. • Going forward, the Mature Worker Task Force plans on conducting surveys with businesses (including BWIB member firms), and select groups of mature workers. • These surveys will investigate the needs of these respective populations, vis-à-vis mature work employment development. • Questions or Comments?

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