Making Better Choices: LMI At Your Fingertips Angels Rodriguez and Juan Millan

January 2015

“The world makes way for the person who knows

where she/he is going.”

~Ralph Waldo

Emerson

Today’s Topics• “Why LMI” for Career Exploration• Assessing the big picture• CA Career Zone and Making Money Choices• EDD’s Labor Market Information Website • Projections Industry and Occupational

Employment• Occupational Profiles and Comparisons• Education Pays

• Information about the market where labor skills are exchanged for wages.

• This information can be descriptive (qualitative) or statistical (quantitative).

• The key elements in the labor market are the workers and jobs.

WHAT IS LABOR MARKET INFORMATION?

During the modern day Great Recession, Los Angeles County saw 368,100 civilians join the ranks of the unemployed. During the 31 month period, an average of 11,155 jobs were lost per month.

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Los Angeles County Unemployment Rate: Jan. 2000 - Dec. 2014(Seasonally Adjusted Data)

Great RecessionJuly 07 - Feb 10

Source: EDD Labor Market Information – US Bureau of Labor Statistics Current Population Survey CPS

The Economy is Always ChangingThen

Post world war II• Defense related• Manufacturing• Natural resource

based activities

NowThe new millennium• The internet• Biotechnology• Motion pictures &

multimedia• Advanced communications

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1,200,000L.A. Economy: Goods Producing vs Service Producing Employment

Service Providing Goods Producing

Serv

ice

Prod

ucin

g Em

ploy

men

t Le

vels G

oods Producing Employm

ent

Oct. 201488.6% of total

nonfarm

Oct. 201411.4% of total

nonfarm

Jan. 1990SP = 76.5% of total nonfarm

Jan. 1990GP = 23.5% of total nonfarm

Dec. 07 - June 09

Source: EDD labor Market Information; CES monthly employer survey, August 2014

Emerging Trends• Our global economy lets employers move work around

the world.• The aging workforce will mean retirements and worker

shortages.• Increased demands for healthcare, leisure time activities,

and business services.

• Today’s worker changes employers (not jobs) an average of six times.

• Employers look for workers who can take on a greater variety of tasks.

• Skills, not job titles, are the key to the future.

http//www.careerzone.org

http//www.careerzone.org

http//www.careerzone.org

http//www.careerzone.org

http//www.careerzone.org

http//www.careerzone.org

http//www.careerzone.org

http//www.careerzone.org

http//www.careerzone.org

Free Online Cost of Living Calculators

Making Ends Meethttp://cbp.org/MakingEndsMeet/

Single AdultSingle Parent, Two Children

Two Parents, Two Children, One Parent WorkingTwo Parents, Two Children, Both Parents Working

Self-Sufficiency Calculator for California http://www.insightcced.org/calculator.html

Number of Adults: 1, 2, 3, 4 or moreNumber of Children: 1, 2, 3, 4, 5, 6, 7, 8 or more and Ages

“Choose a job you love, and you will never

have to work a day in your life.

~Confucius

www.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.gov

High Demand Occupations

“The secret of success is to be ready for

opportunity when it comes .

~Annonymous

www.labormarketinfo.edd.ca.govwww.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.govwww.labormarketinfo.edd.ca.gov

www.labormarketinfo.edd.ca.govwww.labormarketinfo.edd.ca.gov

California earnings and unemployment rates by educational attainment

Unemployment Rate (%) Median annual earnings in ($)

All workers 9.8% All workers $37,194

Note: Data are for persons age 16 and over. Earnings are for full-time wage and salary workers.Source: U.S. Census Bureau, 2009-20013 5-Year American Community Survey

What Can We Do For Each Other?

Questions – Thoughts ?

Los Angeles Central Coast Region

Ericka Saenz, Region Manager Ericka.Saenz@edd.ca.gov (626) 960-7281 FAX (626) 960-7301

Angel Rodriguez, Manager Angel.Rodriguez@edd.ca.gov (916) 651-5738 FAX (916) 651-5784Juan Millan, Consultant Juan.Millan@edd.ca.gov (626) 962-0508 FAX (626) 962-7451