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Labor Market Information

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

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  1. Labor Market Information September 2011 Suzan Reagan, Labor Economist College and Career Academy

  2. Labor Market Information • Job Descriptions • Education • Wages • Employment levels • Future Growth

  3. 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)

  4. 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

  5. Most Recessions & Business Cycles The 2007-2011 Recession

  6. US In thousands NM

  7. 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

  8. NM UI Continued Claims Duration Based on UI Summary Data 2nd Qtr 2011: Average Duration 21.5 weeks in 2010

  9. 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

  10. NM Employment Projections Annual Average Percent Change 0.97

  11. Occupations Career Exploration

  12. NM Occupational Category Employment 2009 Source: NM Department of Workforce Solutions Economic Research & Analysis Bureau

  13. NM Occupational Group Annual Average Percent Change 2009-2019

  14. 10 Occupations with the Highest Employment In New Mexico

  15. NM Occupations, Most Annual Openings

  16. Highest Growth Jobs in NM

  17. NM Occupations – High Wage & Growth

  18. Show me the money!

  19. Lowest Paying Jobs in New Mexico

  20. The Top 15 NM Occupations in Decline 2009-2019

  21. 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

  22. 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

  23. Education Pays

  24. Thank You! • Suzan Reagan • E-mail suzan.reagan@state.nm.us • Phone (505) 383-2731

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