North Central Wisconsin Labor Market Trends, Information and Updates

Transcription

1 North Central Wisconsin Labor Market Trends, Information and Updates Facts, Strategies, and Resources Derek Heikkinen and Mitchell Rupp North Central Wisconsin Workforce Solutions Summit Wednesday, September 13, 2017 Rothschild, Wisconsin North Central Wisconsin Workforce Development Board &Department of Workforce Development

2 Review: What We Already Know United States Economy will be an estimated 18 million skilled workers short of demand by (Manpower) Wisconsin has loses the 7th largest portion of skilled talent to outbound population migration. Baby Boomers expected to be gone from the workforce by (74.9 million living in the United States). Millennials will make up the workforce majority by as early as (75.4 million between in the United States Currently). Cost of living continues to rise. (Livable Wage $12.85) Wages are rising (Nationally average weekly wage rose 5.4% over this past year)

3 The Regional Correlation Wisconsin Unemployment Rate 3.2% (17 year low) (April 2017) 15.6% of population is over % of population is disabled 12.1 % live below poverty line U.S. Birth rate reached record low of 1.86 babies/year, well below the 2.1 per needed for a stable population (ages 15-44) Birth rates of women in 2015 hit historic lows equaling the rate for the time period in the years before and after the Great Recession (15% drop from )

4 Q4 (2016) Top Ten Jobs U.S. Employers Can t Fill 1.Skilled Trade Workers (machinist, welders, maintenance, pipefitters, construction, etc) 2. Drivers (OTR/CDL) 3. Teachers 4. Sales Representatives 5. Administrative Professionals 6.Management Executives 7.Nurses 8.Technicians 9.Accounting and Finance Staff 10.Engineers (Manpower 2016)

5 Unemployment Rate South Central has lower unemployment rate than WI and US Unemployment Rates Source: Bureau of Labor Statistics; Local Area Unemployment Statistics (LAUS), Current Population Survey (CPS)

6 In Demand Jobs in North Central Wisconsin Teachers Engineers IT/Computer Science Registered Nurse CMA CNA Medical Assistant Diesel Technician Machinist Welder Carpenters/Construction Pipefitters Electricians Maintenance Technicians Auto Technicians and Collision Heavy Equipment Operator HR Accountants

7 Tax Base: Regional Sector Analysis Driver Economies (Pillars) Manufacturing (1:4) Healthcare Transportation and Warehousing Finance and Insurance Emerging Economies (Most Growth Potential) Construction Healthcare Wholesale Trade Information/Computer Science Management of Companies and Enterprises Agriculture

8 Employment Private Sector Super Sectors North Central WDA 2016 SuperSector Jobs Share of Jobs Natural Resources & Mining % Construction % Manufacturing % Trade, Transportation, Utilities % Information % Financial Activities % Professional & Business Services % Education & Health Services % Leisure & Hospitality % Other Services % Source: Quarterly Census of Employment and Wages (BLS)

9 Manufacturing Employment, 3Q 2016 Area All- Industry Manufacturing Total Percent Adams County % Forest County % Langlade County % Lincoln County % Marathon County % Oneida County % Portage County % Vilas County % Wood County %

10 Manufacturing Location Quotient vs US, 3Q 2016 LQ of 1 = average, LQ >1 = above average Adams 0.76 Forest 1.15 Lincoln 2.72 Langlade 2.15 Marathon 2.67 Oneida 1.05 Portage 1.63 Vilas 0.54 Wood 1.67

11 Births In the Region

12 Baby Boomers in the Labor Force: Retirements Outpacing Births

13 WI Population and Labor Force

14 Labor Force Participation Source: Bureau of Labor Statistics; Local Area Unemployment Statistics (LAUS), Current Population Survey (CPS) U.S. Census Bureau, Population Division

15 Marathon County and Wisconsin Differ Racially in Labor Force Race Labor Force Shares Marathon Wisconsin White 93.62% 88.95% Black 0.53% 5.02% American Indian or Alaska Native 0.22% 0.77% Asian 4.56% 2.34% Native Hawaiian or Pacific Islander 0.01% 0.02% Some other race 0.17% 1.54% Multiracial 0.90% 1.35% Source: Year American Community Survey (U.S. Census Bureau) Note: All Races are mutually exclusive and cover the entire universe the sample represents. Hispanic includes all individuals that are identified as ethnically Hispanic in the American Community Survey. The remaining race categories reflect only the non-hispanic portion of that population.

16 Employment North Central WDA - Gradual Employment Growth From

17 Employment Bulk of Growth from Private Sector; 62% of gains from Service-Providing Industries

18 What s The Future Hold? K-12 Enrollment From to Regional Net Decrease of 3,528 across our school Districts Attributing Factors: Recession (people left), Labor Shed Growth, and Cost of Living Continues to rise (Stagnant Wages). Largest Regressions Rapids (-619) Rhinelander (-580) Adams-Friendship (-403) Antigo (-306) Nekoosa (-248)

19 Population Migration

20 What s Our Future Hold?

21 Population Shifts Ages 18-24

22 Over 65 Population

23 Marathon County Older than Wisconsin Fewer Millennials, More Persons Aged 45 and Over Source: Year American Community Survey (US Census Bureau)

24 Bachelor-Educated Portion of Labor Force Smaller in Marathon County Source: Year American Community Survey (US Census Bureau)

25 North Central WDA Job Openings, JCW Internal YTD as of 5/18/17 - By NAICS Industry

26 North Central WDA Job Openings, JCW Internal YTD as of 5/18/17 - By ONET (SOC) Occupation

27 How Do We Solve This? Understand Your Market Place (Labor Shed) Re-Invest in Human Capital/Your Workforce Train Up Incumbent Workers to offset gap left by retirements (Grants, Apprenticeships, Technical College Partners). Understand Millennials- Culture Shifts, Career Upward Mobility, Competitive Wages, Tuition Reimbursement, On site Healthcare/daycare, work from home, flexible scheduling. Sector Partnerships (K-12/ Post Secondary Shifts) Develop Pipelines with Technical Colleges, K-12 System, Youth Apprenticeship, and Workforce Partners. Attract Outside Talent- Get Involved with Regional Economic Partners and Programs. Foster Entrepreneurship within the K-12 System (Diversify Rural Economies)