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Missouri Career Grades: Compare Occupations and Future Outlook

Missouri Economic Research and Information Center (MERIC) provides Career Grades, a tool to compare the future outlook of over 800 occupations in different regions of Missouri. Find the best career options based on projected growth, total openings, and average wage.

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Missouri Career Grades: Compare Occupations and Future Outlook

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  1. Missouri Economic Research and Information Center (MERIC) • Research division of the MO DED • Composed of LMI, and Economic and Workforce Research groups • Provides analyses and assistance to policymakers and the public • Recognized with 14 national awards for research excellence since it was formed in 2001

  2. What are Career Grades? • Tool to help compare the future outlook of occupations • Each occupation is assigned a letter grade from A+ to F • Career Grades can assist students, job seekers, displaced workers, educators and workforce professionals in choosing which careers have the best outlook

  3. Career Grades • Over 800 occupations are graded • Grades are assigned for occupations for statewide and all 10 WDA regions • Each occupation’s grade is unique to its particular geographic region

  4. Methodology • Career Grades are determined by using three variables: • Projected Percentage of Growth • Projected Total Openings • Growth – actual new job growth • Exits – workers leave the workforce entirely • Transfers – workers leave an occupation for a different one • Average Wage • The normal distribution is calculated for each variable and used to calculate the career grade.

  5. Methodology • Average Wage– from OES (LEWIS) • Projected Percent Growth – from Occupational Projections • Projected Total Openings – from Occupational Projections

  6. Methodology Determine the mean and standard deviation for each variable, using all occupations available for the area. Use the AVERAGE and STDEVP function in Excel.

  7. Methodology Calculate each occupation’s normal distribution (ND) for each of the 3 variables, formatting as a percentage. Use the “NORMDIST” function in Excel.

  8. Methodology Convert the normal distribution percentages into numbers, using the following guide:

  9. Methodology Each variable for each occupation will have one number. Total these three variable numbers together for each occupation.

  10. Methodology These total numbers are then converted into grades using the following table:

  11. Career Grade Distribution

  12. 2016 MO Employment by Career Grade

  13. Job Openings 2016-2026

  14. Regional Data • The occupations for each area are graded using the data only for that area • Kansas City WDA has 63 Grade A occupations • Only 4 occupations are Grade A occupations in all 10 WDA regions • 76 occupations are Grade A in only one region.

  15. MERIC - Career Gradeshttps://www.missourieconomy.org/occupations/career_grades.stm

  16. Missouri 2014-2024 Projectionshttps://www.missourieconomy.org/occupations/career_grades.stm

  17. Career Grades 2014-2024 Reporthttps://www.missourieconomy.org/pdfs/career_grades.pdf

  18. Career Grades Posterhttps://www.missourieconomy.org/occupations/career_grades.stm

  19. Webinarhttps://www.missourieconomy.org/e_learning/webinars.stmWebinarhttps://www.missourieconomy.org/e_learning/webinars.stm

  20. Questions? Christopher Will Research Analyst (573) 751-5470 christopher.will@ded.mo.gov Career Grades: https://www.missourieconomy.org/occupations/career_grades.stm 2016-2026 Occupation Projections: https://www.missourieconomy.org/occupations/occ_proj.stm

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