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Florida Labor Market and Economic Update Workforce Estimating Conference

Florida Labor Market and Economic Update Workforce Estimating Conference. Florida Agency for Workforce Innovation Labor Market Statistics Center. August 29, 2011. Labor Force Conditions Seasonally Adjusted July 2011.

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Florida Labor Market and Economic Update Workforce Estimating Conference

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  1. Florida Labor Market and Economic Update Workforce Estimating Conference Florida Agency for Workforce InnovationLabor Market Statistics Center August 29, 2011

  2. Labor Force Conditions Seasonally AdjustedJuly 2011 • The unemployment rate in the state has been higher than the nation since February 2008 • The current state unemployment rate is down from the record high rate reported in December 2010 (12.0) Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment StatisticsProgram,in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.

  3. Florida Unemployment Rates by County July 2011, Not Seasonally Adjusted Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.

  4. Unemployment Rates in the Ten Most Populous StatesSeasonally AdjustedJuly 2011 P = Preliminary Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center and the U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program, released August 19, 2011.

  5. Unemployment RatesFlorida and the United StatesJanuary 1974 – July 2011, Seasonally Adjusted Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.

  6. Nonagricultural Employment Seasonally Adjusted • Florida’s jobs grew in July on an annual basis for the tenth consecutive month • Florida has lost 845,400 jobs during the current downturn (March 2007 to July 2011) Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011. Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  7. Employment in the Ten Most Populous States July 2011, Ranked by Level ChangeSeasonally Adjusted P = Preliminary ** = Less than 0.05 percent Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011. Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  8. Nonagricultural Employment Growth RatesFlorida and the United StatesJanuary 1974 – July 2011, Not Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011. Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  9. Florida Nonagricultural Employment January 1990 – July 2011, Seasonally Adjusted Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011. Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  10. Nonagricultural Employment by Industry Florida July 2011 (Seasonally Adjusted) Note: Percents may not add to 100.0 due to rounding Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011. Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  11. Nonagricultural Employment by Industry July 2011, Seasonally Adjusted, Over-the-Year Percent Change Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011. Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  12. Leisure and Hospitality Gained the Most JobsOver the Year in FloridaJuly 2010 – July 2011 (Seasonally Adjusted) * Note: Government losses are due primarily to temporary federal Census workers employed last year. Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011. Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  13. Florida 2010 Average Annual WagesRange from $45,840 to $26,923 Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011

  14. Wages by IndustryFlorida2010 Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011.

  15. Average Annual Wage Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011.

  16. Real-Time LMI Help-Wanted OnLineFive Year Trend

  17. Help Wanted OnLineTM Internet Job (HWOL) Ads Source: The Conference Board, Help Wanted OnLine, prepared by the Florida Agency for Workforce Innovation, Labor Market Statistics Center.

  18. Real-Time LMI Help-Wanted OnLineUnemployment vs. Labor Demand Source: The Conference Board and the Florida Agency for Workforce Innovation, Labor Market Statistics Center, July 2011.

  19. Real-Time LMI Help-Wanted OnLine Employment vs. Labor Demand Source: The Conference Board and the Florida Agency for Workforce Innovation, Labor Market Statistics Center, July 2011.

  20. Targeted Industry Clusters • Cleantech • Life Sciences • Infotech • Aviation and Aerospace • Homeland Security/Defense • Financial/Professional Services • Strategic Areas of Emphasis • Manufacturing • Corporate Headquarters • Emerging Technologies

  21. Education and Training pay …2010 Annual Average Unemployment Rate(Percent) Median Earnings (Dollars) Doctoral degree Professional degree Master’s degree Bachelor’s degree Associate degree Some college, no degree High-school graduate Some high-school, no diploma Notes: Unemployment and earnings for workers 25 and older, by educational attainment; earnings for full-time wage and salary workers. 2010 Weekly Median Earnings (multiplied by 52 weeks). Sources: Bureau of Labor Statistics, Current Population Survey. May 2011.

  22. Florida Agency for Workforce Innovation Labor Market Statistics Center Caldwell Building MSC G-020 107 E. Madison Street Tallahassee, Florida 32399-4111 Phone (850) 245-7257 Rebecca Rust Rebecca.Rust@flaawi.com www.floridajobs.org www.labormarketinfo.com fred.labormarketinfo.com www.floridawages.com http://www.whatpeopleareasking.com/index.shtm

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