FOR MICHIGANS POPULATION, ECONOMY ECONOMY, , AND AND W WORK? - PowerPoint PPT Presentation

Dec 30, 2023 •180 likes •308 views

WHA WHAT T DOES DOES THE THE FUTURE FUTURE HOLD HOLD FOR MICHIGANS POPULATION, ECONOMY ECONOMY, , AND AND W WORK? ORK? Jason son S S. . Palmer lmer, , J.D .D., ., Ph.D Ph.D. Dir Director Bur Burea eau of u of La Labo

WHA WHAT T DOES DOES THE THE FUTURE FUTURE HOLD HOLD FOR MICHIGAN’S POPULATION, ECONOMY ECONOMY, , AND AND W WORK? ORK? Jason son S S. . Palmer lmer, , J.D .D., ., Ph.D Ph.D. Dir Director Bur Burea eau of u of La Labo bor Mar arket et Inf Infor orma mation on an and d Strategic gic Init Initiatives es State of Michigan Department of Technology, Management and Budget Bureau of Labor Market Information and Strategic Initiatives
THE U.S. ECONOMY IS ENJOYING THE LONGEST PERIOD OF ECONOMIC EXPANSION ON RECORD AND LABOR MARKETS ARE STRONG
WHILE MICHIGAN’S JOBLESS RATE HAS DECLINED FOR 9 STRAIGHT YEARS, THERE IS STILL SLACK IN THE LABOR MARKET
DESPITE 8 YEARS OF JOB GROWTH, MICHIGAN’S PAYROLL JOBS REMAINED 5.5 PERCENT BELOW 2000 LEVELS
TOMORROW’S HIGH - DEMAND, HIGH-WAGE JOBS WILL REQUIRE EDUCATION AND TRAINING BEYOND HIGH SCHOOL
Future employment, anticipated job growth, and median wages by detailed job title by educational attainment. 6 Source: Michigan Department of Technology, Management and Budget
Future employment, anticipated job growth, and median wages by detailed job title by educational attainment. 7 Source: Michigan Department of Technology, Management and Budget
Future employment, anticipated job growth, and median wages by detailed job title by educational attainment. 8 Source: Michigan Department of Technology, Management and Budget
Future employment, anticipated job growth, and median wages by detailed job title by educational attainment. 9 Source: Michigan Department of Technology, Management and Budget
Future employment, anticipated job growth, and median wages by detailed job title by educational attainment. 10 Source: Michigan Department of Technology, Management and Budget
THE FUTURE OF WORK: AUTOMATION AND MACHINE LEARNING WILL AFFECT US ALL, BUT IT SHOULD MOSTLY COMPLEMENT OUR WORK
WHA WHAT T DOES DOES THE THE FUTURE FUTURE HOLD HOLD FOR MICHIGAN’S POPULATION, ECONOMY ECONOMY, , AND AND W WORK? ORK? Jason son S S. . Palmer lmer, , J.D .D., ., Ph.D Ph.D. Dir Director Bur Burea eau of u of La Labo bor Mar arket et Inf Infor orma mation on an and d Strategic gic Init Initiatives es State of Michigan Department of Technology, Management and Budget Bureau of Labor Market Information and Strategic Initiatives

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