JCCI Study Presentation 1-5-11.B.Ferguson

JCCI Recession Recovery Overview: The State of the Recovery in Northeast Florida

January 5, 2011

How many and what kinds of jobs have been lost since the recession started in 2007?

   

Peak employment of 639,000 jobs in May 2007 Jacksonville MSA employment has declined by 56,300 jobs to 582,700 as of November 2010 Job loss of almost 9 percent since the peak Construction accounts for over 40% of the total job loss.

2

Current Business Cycle Highest and Lowest Employment Levels

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.

3

Industries losing the most jobs: Construction Professional & Business Services Trade, Transportation & Utilities Employment Change May 2007 - November 2010 Construction Professional and Business Services Trade, Transportation, and Utilities Financial Activities Manufacturing

Other Services Leisure and Hospitality Government Mining and Logging Information Education and Health Services -25,000

-20,000

-15,000

-10,000

-5,000

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.

0

5,000

10,000 4

Jacksonville MSA Construction had the greatest percentage loss Industry Employment Percent Change from Peak Level May 2007 - November 2010 Construction Mining and Logging Manufacturing Professional and Business Services Other Services Financial Activities "Trade, Transportation, and Utilities" Leisure and Hospitality Information Government Education and Health Services -50.0%

-40.0%

-30.0%

-20.0%

-10.0%

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Current Employment Statistics Program in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.

0.0%

10.0%

20.0%

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Jacksonville MSA Top 15 Unemployment Compensation Claimant Occupations Dec 2009 - Nov 2010

Occupation

Count

Customer Service Representatives

3,293

Administrative Services Managers

1,666

Managers, All Other

1,451

Accountants and Auditors

1,150

Retail Salespersons

1,062

Cashiers

1,056

Carpenters

764

Construction and Related Workers, All Other

728

Construction Laborers

678

Driver/Sales Workers

633

Bus Drivers, School or Special Client

622

Electricians

608

Laborers and Freight, Stock, and Material Movers, Hand

599

Heavy and Tractor-Trailer Truck Drivers

589

Waiters and Waitresses

578

Source: Florida Agency for Workforce Innovation, Unemployment Compensation Program, December 2009-November 2010 .

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Which populations have been most and least affected by unemployment in Northeast Florida? • People aged 30 to 54 represent the largest share of the unemployed • Younger workers (aged 16 to 29) are disproportionately represented in the unemployed Employed 4%

Unemployed

8%

10%

13%

2% 22%

17%

16 to 21 years 22 to 29 years 30 to 54 years 55 to 64 years 65 and over

41%

25%

58%

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Averages.

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Males represent a larger share of the unemployed

Employed

48%

Unemployed

52%

Male Female

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Averages.

46% 54%

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Unemployment Rates Differ by Race and Ethnicity

Unemployment Rate 14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

White

Black or African American

American Indian

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Averages.

Asian

Some Other Race

Hispanic

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Percent of Employed and Unemployed Differ by Race and Ethnicity

Employed 0.3% 3.2%

Unemployed

White

1.8%

0.5%

2.1%

1.4%

Black or African American

19.8%

American Indian

35.0%

Asian 61.0% 74.9%

Some Other Race

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Averages.

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Poverty Levels Differ by Household Type • Of the labor force, the majority of those below the poverty level are unmarried and worked part-time or not at all • Of the labor force, the majority of those above poverty are marriedcouples working full-time Married-couple, householder worked full-time

Below Poverty Level 28%

Married-couple, householder worked part-time or part-year

4% 10%

Married-couple, householder did not work

Above Poverty Level 5% 4% 14% 44%

Other family, householder worked full-time 15% 32% 11%

Other family, householder worked part-time or part-year Other family, householder did not work

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Averages.

17%

16%

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What role (if any) has education, experience, or skill level played in protecting people from losing their jobs? • Lower educational attainment leads to higher unemployment rates Jacksonville MSA Unemployment Rate 14.0% 12.0% 10.0%

8.0% 6.0% 4.0% 2.0% 0.0% Less than high school graduate

High school graduate

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Averages.

Some college or associate's degree

Bachelor's degree or higher

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Employment and Unemployment Differs by Education Level

Employed

Unemployed Less than high school graduate

7.5%

29.8%

17.2%

17.2%

High school graduate 28.4%

Some college or associate's degree 31.7%

Bachelor's degree or higher

33.9%

34.3%

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Averages

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UC Claimants Differ by Education Level (and Eligibility) UC Claimants by Educational Attainment High school 16%

Less than high school 16%

CC Credit/Vocational/ Associate 20%

Bachelors 4% Masters or higher 1%

Post-Secondary Adult Vocational Certificate(PSAV) 43%

Source: Florida Agency for Workforce Innovation, Unemployment Compensation Program, December 2009-November 2010 .

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Top 15 job openings in the WorkSource Region November 2010 • The majority of job openings require education and training beyond high school

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What can communities and individuals do to be as economically competitive as possible?

 

Promote a culture of lifelong learning Eradicate the myth that all high school grads need a 4-year degree

• • •



Some need/want to go right to work (with a diploma AND a relevant certification) Majority go to community colleges or technical schools for certifications or associate degrees Some go directly to a college or university

Address the skill gaps of the current workforce

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