The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Business IT Ecosystems Sector Department of Employment, Training - - PowerPoint PPT Presentation
Business IT Ecosystems Sector Department of Employment, Training - - PowerPoint PPT Presentation
Business IT Ecosystems Sector Department of Employment, Training & Rehabilitation Bill Anderson, Chief Economist Christopher Robison, Supervising Economist Hayley Smith-Kirkham, Economist Prepared by the Research and Analysis Bureau The
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Following 3 Months of Increases, Jobless Rate Heads Down in August
NV vs. the U.S. unemployment rate (SA)
0% 2% 4% 6% 8% 10% 12% 14% 16% '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Nevada U.S.
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
The Jobless Rate for Vets has been Lower than the Total Rate During the Recovery
unemployment rate for Nevada Vets vs. total (12-month moving average)
0% 2% 4% 6% 8% 10% 12% 14% 16% '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Total Rate Veterans' Rate
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Vast Majority of Employment Growth Concentrated in Full-Time Positions
FT vs. PT employment; (12-month moving average)
200,000 400,000 600,000 800,000 1,000,000 1,200,000 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Full-Time Part-Time
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Initial Claims Remain at Lowest Levels in a Decade
initial claims for unemployment insurance
5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Claims 12-Month Moving Average
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Jobs Surge in Past Few Months; Stand 37K+ Above Year Ago
nonfarm jobs in Nevada (SA)
1,000,000 1,050,000 1,100,000 1,150,000 1,200,000 1,250,000 1,300,000 1,350,000 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Job Growth at Strongest Pace in Nearly a Year
job growth (SA; year-over-year)
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 S O N D J F M A M J J A S O N D J F M A M J J A '14 '15 '16 percent change jobs Jobs
- Pct. Change
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Small Biz Jobs at All-Time High for IQ; Gains Recorded in Each of Past 21 Quarters
employment in establishments with less than 100 workers
450,000 470,000 490,000 510,000 530,000 550,000 570,000 590,000 610,000 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Nevada Job Growth Exceeds Nation in 49 Straight Months; 2.9% vs. 1.7% in August
job growth (year-over-year)
- 12%
- 10%
- 8%
- 6%
- 4%
- 2%
0% 2% 4% 6% '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Nevada U.S.
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Silver State Job Growth Stronger than in 40 Other States in IQ
job growth rankings (# of states with slower private sector job growth than NV)
50 46 14 2 14 24 38 49 48 40 10 20 30 40 50 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 YTD
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
44% of Workforce at Least 45 Years Old; 50%+ in Educ., Govt., & Trans./Warehousing
2015:IIIQ Nevada workforce by age
0% 10% 20% 30% 40% 50% 60% Retail Trade Information Finance/Insurance Accommodation/Food Services Arts/Entertainment/Recreation Other Services Health Care/Social Assistance Administrative/Support/Waste… Statewide Mining/Quarrying/Oil/Gas Extraction Construction Management of Companies/Enterprises Professional/Scientific/Technical Services Real Estate/Rental/Leasing Wholesale Trade Manufacturing Agriculture/Forestry/Fishing/Hunting Transportation/Warehousing Public Administration Educational Services
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
At Nearly 68K, # of Employers at Record High; Up vs. Yr.-Ago in 20 Straight Qtrs.
number of Nevada employers
50,000 52,000 54,000 56,000 58,000 60,000 62,000 64,000 66,000 68,000 70,000 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
New-Hire Earnings Approximately 2/3rds of Overall Average…a Consistent Relationship
new-hire monthly earnings vs. total average earnings
$0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 Total Average Earnings New-Hire Earnings
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Earnings for Jobs Lost are Just Slightly Higher than Those for New Hires
average monthly earnings for jobs lost vs. new-hire earnings
$0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 New-Hire Earnings Earnings for Jobs Lost
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Business IT Ecosystems Sector
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Employment Projection
59,310 jobs in 2016; 65,923 jobs projected by 2024
Source: Economic Modeling Specialists Intl. (EMSI) Page 15
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Largest Information Technology Industries
2016 employment
Source: Economic Modeling Specialists Intl. (EMSI) Page 16
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Regional Competitive Advantage
information technology industries
Source: Economic Modeling Specialists Intl. (EMSI) Page 17
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Industry vs. Occupation Employment
Although the sector councils are designed to address employment needs in specific industries, this work can only be accomplished by examining and training individuals at the occupational level.
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Information Technology Occupations
2016 employment and projected growth by 2024
Source: Economic Modeling Specialists Intl. (EMSI) Page 19
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Regional Competitive Advantage
information technology occupations
Source: Economic Modeling Specialists Intl. (EMSI) Page 20
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
2016 Average Hourly Wages
Source: Economic Modeling Specialists Intl. (EMSI) Page 21
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Largest Occupations by Ad Volume
information technology online job postings
Source: Labor Insight/Burning Glass Technologies Page 22
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
O*NET Occupational Skills and Attributes Reports
Source: Occupational Information Network (O*NET) Tools Skills Knowledge
Autodialers Active Listening Customer and Personal Service Automated attendant systems Speaking English Language Automatic call distributor ACD Service Orientation Clerical Scanners Reading Comprehension Computers and Electronics Standalone telephone caller identification Critical Thinking
Technologies Abilities Work Activities
Customer relationship management software Oral Comprehension Getting Information Database user interface query software Oral Expression Interacting with Computers Enterprise resource planning software Speech Clarity Communicating with Persons Outside Organization Network conferencing software Speech Recognition Communicating with Supervisors, Peers, or Subordinates Near Vision Establishing and Maintaining Interpersonal Relationships
O*NET Occupation Profile - Customer Service Representatives
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Information Technology Occupations
skills specified in online job ads
Source: Labor Insight/Burning Glass Technologies
Baseline Skills Specialized Skills Data Software Skills
Communication Skills SQL SQL Writing Project Management Microsoft Excel Troubleshooting Customer Service Microsoft Office Problem Solving Technical Support JAVA Project Management Software Development Oracle Planning JAVA Microsoft C# Team Work/ Collaboration Oracle LINUX Customer Service Software Engineering JavaScript Microsoft Excel Microsoft C# SQL Server Microsoft Office LINUX C++
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Aligning Economic and Workforce Development
A consensus ranking of high demand
- ccupations that align with economic
development priorities specific to manufacturing and logistics
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Location Quotients (LQs) are used to identify potential sources of competitive advantage, or areas of regional specialization. LQs measure the relative concentration of a given industry or
- ccupation in a state relative to the nation.
LQs are calculated by dividing the proportion of the state’s economic activity in an industry or in an occupation, by the proportion of the nation’s economic activity in that same industry or
- ccupation.
LQs of 1.2 or higher indicate some degree of specialization. LQs of 0.8 to 1.2 indicate normal distribution of industry within the region. LQs of less than 0.8 may indicate that the region may be deficient. Limitations of on-line job postings: Jobs requiring low skills/low wages tend to use alternative methods of attracting job seekers and are under represented in online ads. Internal company hiring and union hiring are often not captured by online ads. Online job posting volume does not necessarily correlate with the level of job openings or hiring. The percentage of job postings that specify a certification is small limiting how representative the data is. Algorithmic ad parsing can lead to miscoding occupations and skills due to similarities between abbreviations and other letter combinations, etc.
Clarifications and Limitations
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency In online job postings Burning Glass reports licenses and certifications together. The mean salary data in job postings reflects the salary listed by employers in job postings, adjusted to be equivalent to a full-time, annual wage. If a salary range is specified, the median
- f the range used.
High ad volume often occurs for occupations/industries that are having difficulty finding qualified candidates, high turnover positions/recurring openings, or when companies are building large candidate pools. Online job postings should only be used with caution when developing/analyzing time series trends due to the constant changes in the rate of online advertising usage and in the methods used for collecting the data.
Clarifications and Limitations
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The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
For Additional Information, Please Contact
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Department of Employment, Training and Rehabilitation Research and Analysis Bureau Bill Anderson Chief Economist wdanderson@nvdetr.org Christopher Robison Supervising Economist c-robison@nvdetr.org (775) 684-0450 http://www.nevadaworkforce.com follow us on Twitter @nvlabormarket