Employment Trends: What is happening in  Greater New Bedford WIA? Navjeet Singh Vice President, Research and Evaluation 61...
Employment Trends: What is happening in Greater New Bedford WIA? <ul><li>Massachusetts Employment Trends </li></ul><ul><li...
Massachusetts Employment Trends Source:  Department of Labor and Workforce Development CES Data, Seasonally Adjusted Data ...
Do We Have Enough Workers Now?   Many people are seeking work   <ul><li>From 2001 to 2005, in Massachusetts: </li></ul><ul...
Massachusetts employment growth Growth projected,  2005-2010 (‘000) Source: CommCorp Analysis of  New England Economic Par...
Greater New Bedford WIA, Southeastern Mass. RCC & New Bedford NECTA
A closer look at the Employed and Unemployed: New Bedford WIA <ul><li>Compared to the employment peak in 2001, in 2005 in ...
Greater New Bedford WIA: Employment by Industry Source:  Massachusetts Department of Workforce Development ES-202, 2005 An...
Gr. New Bedford:  Employment changes 2001-2005 Source:  Massachusetts Department of Workforce Development ES-202, 2005 Ann...
Employment: Greater New Bedford compared to Massachusetts? Source:  Massachusetts Department of Workforce Development ES-2...
Recent Employment trends and Regional Vacancy Rates Source:  Massachusetts Department of Workforce Development ES-202, 200...
Average Industry Pay: Greater New Bedford compared to Massachusetts Source:  Massachusetts Department of Workforce Develop...
Implications for Workforce Development <ul><li>Need to retrain and place displaced workers from </li></ul><ul><ul><li>Manu...
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Greater New Bedford Wia

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  • Greater New Bedford Wia

    1. 1. Employment Trends: What is happening in Greater New Bedford WIA? Navjeet Singh Vice President, Research and Evaluation 617-727-8158 [email_address] Jonathan Latner Research and Evaluation Analyst 617-727-8158 [email_address]
    2. 2. Employment Trends: What is happening in Greater New Bedford WIA? <ul><li>Massachusetts Employment Trends </li></ul><ul><li>Greater New Bedford Job and Employment Trends </li></ul><ul><li>Job Vacancies </li></ul><ul><li>Workforce Development Implications </li></ul>
    3. 3. Massachusetts Employment Trends Source: Department of Labor and Workforce Development CES Data, Seasonally Adjusted Data *Massachusetts Budget and Policy Center, State of Working Massachusetts, 9/3/06 January, 2001 – January, 2007 Employment is recovering from recession, but has not equaled its Peak: Feb, 2001 MA is 1 of 6 states that has not reached pre-recessionary employment numbers*
    4. 4. Do We Have Enough Workers Now? Many people are seeking work <ul><li>From 2001 to 2005, in Massachusetts: </li></ul><ul><li>132,000 fewer employed </li></ul><ul><li>Population is increasing slightly </li></ul><ul><li>27,000 more “unemployed” </li></ul><ul><li>32,000 more working part-time </li></ul><ul><li>11,200 more marginally attached >> left the labor force shortly before </li></ul>Note: Based on 12 month averages from Current Population Survey (CPS) Source: BLS (CPS) & Census (Non-employer) Source: Census American Community Survey (ACS)
    5. 5. Massachusetts employment growth Growth projected, 2005-2010 (‘000) Source: CommCorp Analysis of New England Economic Partnership Data = Net New Jobs in Future Includes Replacement Jobs and New Jobs = Current Hiring Needs Job Vacancies, Q2, 2006 (‘000)
    6. 6. Greater New Bedford WIA, Southeastern Mass. RCC & New Bedford NECTA
    7. 7. A closer look at the Employed and Unemployed: New Bedford WIA <ul><li>Compared to the employment peak in 2001, in 2005 in </li></ul><ul><li>New Bedford WIA: </li></ul><ul><li>Population is flat </li></ul><ul><li>Labor force increased by 2,400 </li></ul><ul><li>The number unemployed increased by 1500 </li></ul><ul><li>Employment was higher by 3000 </li></ul>Note: Based on 12 month averages from LAUS (DWD) & CES (BLS) data as well as Census Population Estimates (DWD)
    8. 8. Greater New Bedford WIA: Employment by Industry Source: Massachusetts Department of Workforce Development ES-202, 2005 Annualized Employment (2005)
    9. 9. Gr. New Bedford: Employment changes 2001-2005 Source: Massachusetts Department of Workforce Development ES-202, 2005 Annualized Employment (2005) Employment Change (2001 – 2005)
    10. 10. Employment: Greater New Bedford compared to Massachusetts? Source: Massachusetts Department of Workforce Development ES-202, 2005 Annualized
    11. 11. Recent Employment trends and Regional Vacancy Rates Source: Massachusetts Department of Workforce Development ES-202, 2005 Annualized Job Vacancy Survey, 2 nd Quarter, 2006 New Bedford Employment Growth (Q2, 2005 – Q2, 2006) Note: JVS Available only at RCC Level. Information presented here represents Southeast RCC, not just New Bedford WIA Southeast Job Vacancies Q2, 2006
    12. 12. Average Industry Pay: Greater New Bedford compared to Massachusetts Source: Massachusetts Department of Workforce Development ES-202, 2005 Annualized Job Vacancy Survey, 2 nd Quarter, 2006 Annual Pay
    13. 13. Implications for Workforce Development <ul><li>Need to retrain and place displaced workers from </li></ul><ul><ul><li>Manufacturing </li></ul></ul><ul><ul><li>Construction </li></ul></ul><ul><li>Long-term need: address the need of growth sectors for educated and highly skilled workers </li></ul><ul><ul><li>Healthcare </li></ul></ul><ul><ul><li>Education </li></ul></ul><ul><li>Long-term need: improve educational attainment. This may be done as part of an economic development strategy in partnership with education/research institutions and employers, to ensure that education and skills needed locally are developed </li></ul>

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