2016 Ohio Job Outlook

2,731 views

Published on

A PowerPoint presentation by the State of Ohio (Ohio Labor Market Information) on what the job market will look like over the next 7 years (until 2016).

Published in: Business, Career
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
2,731
On SlideShare
0
From Embeds
0
Number of Embeds
152
Actions
Shares
0
Downloads
13
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

2016 Ohio Job Outlook

  1. 1. Ohio Job Outlook to 2016
  2. 2. Ohio Job Outlook to 2016 <ul><li>Economic growth </li></ul><ul><li>Labor force growth </li></ul><ul><li>Industry employment </li></ul><ul><li>Occupational employment </li></ul>2
  3. 3. Millions Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 3 State of Ohio Labor Force, Employment and Unemployment Trends, 1980-2007
  4. 4. U.S. and Ohio Unemployment Rates <ul><li>The unemployment rate declined as the economic expansion continued through 2000. </li></ul><ul><li>Ohio’s unemployment rate climbed above the national rate after that. </li></ul><ul><li>In 2007, Ohio’s rate was one percentage point higher than the U.S. </li></ul>4
  5. 5. Gross Domestic Product for Ohio <ul><li>Ohio’s value of Gross Domestic Product ranks seventh in the U.S. </li></ul><ul><li>Ohio accounts for 3.4 percent of the U.S. Gross Domestic Product. </li></ul>Billions of current dollars Sources: Bureau of Economic Analysis, U.S. Department of Commerce Ohio Department of Development, Office of Strategic Research 5
  6. 6. State of Ohio Real Personal Income <ul><li>Ohioans’ personal incomes expected to rise. </li></ul><ul><li>Total Ohio income as a share of national income is projected to decline. </li></ul>Billions ($2000) Percent of U.S. Sources: Bureau of Economic Analysis, Regional Accounts Data, Local Area Personal Income, U.S. Department of Commerce, Economics and Statistics Administration; Global Insight 6
  7. 7. State of Ohio Population <ul><li>Ohio’s Population has been increasing for the past decade. </li></ul><ul><li>But the U.S. population has been increasing at a faster rate. </li></ul><ul><li>Ohio’s share of U.S. population is expected to continue to decline. </li></ul>Millions Percent of U.S. Sources: Ohio Department of Development U.S. Bureau of the Census 7
  8. 8. Ohio Job Outlook to 2016 <ul><li>Economic growth </li></ul><ul><li>Labor force growth </li></ul><ul><li>Industry employment </li></ul><ul><li>Occupational employment </li></ul>8
  9. 9. Population and Labor Force Continue to Grow Sources: Ohio Department of Job and Family Services, Bureau of Labor Market Information. 9
  10. 10. Ohio’s Labor Force Participation Rates to Increase Among Women Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 10
  11. 11. Ohio’s Labor Force Increasing at a Slower Pace than its Workforce Population Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 11
  12. 12. Age Distribution of Ohio’s Labor Force is Changing Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 12
  13. 13. Ohio’s Labor Force Ages 55 and Older Grows as Baby Boomers Age Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 13
  14. 14. Labor Force Growth will Continue for Workers 55 and Older Percent Change Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 14
  15. 15. Female Share of Ohio’s Labor Force Increasing Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 15
  16. 16. Ohio Job Outlook to 2016 <ul><li>Economic growth </li></ul><ul><li>Labor force growth </li></ul><ul><li>Industry employment </li></ul><ul><li>Occupational employment </li></ul>16
  17. 17. Employment Growth: U.S. and Ohio <ul><li>Ohio employment growth is expected to be noticeably slower than the U.S. over the 2006-2016 period. </li></ul><ul><li>This slower outlook reflects Ohio’s slow recovery from the last recession in 2001 and higher concentration of employment in manufacturing. </li></ul>Sources: U.S. Bureau of Labor Statistics and Ohio Department of Job and Family Services Bureau of Labor Market Information 17
  18. 18. Service-Providing Industries Continue to Lead Employment Growth Millions Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 18
  19. 19. Ohio Goods-Producing Employment, 2006 and 2016 Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 19
  20. 20. Ohio Service-Providing Employment, 2006 and 2016 Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 20
  21. 21. Comparison of U.S. and Ohio Rates of Industry Growth, 2006-2016 Ohio Department of Job and Family Services, Bureau of Labor Market Information 21 Sources: U.S. Bureau of Labor Statistics
  22. 22. Job Growth in Education & Health and Professional & Business Services Sets the Pace Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 22
  23. 23. Industries with Fastest Job Growth, 2006-2016 <ul><li>4 of the top 10 fastest growing industries are involved with health care. Demand for health care is increasing because of the growth of the older population. </li></ul>Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 23
  24. 24. Private Sector Industries Adding the Most New Jobs <ul><li>Health services will dominate the job growth picture. </li></ul><ul><li>In the public sector, local government, except for education and hospitals will also account for a large number of new jobs. </li></ul>Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 24
  25. 25. Ohio Job Outlook to 2016 <ul><li>Economic growth </li></ul><ul><li>Labor force growth </li></ul><ul><li>Industry employment </li></ul><ul><li>Occupational employment </li></ul>25
  26. 26. Service Occupations had the Most Jobs in 2006 Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 26
  27. 27. Employment Growth by Major Occupational Group <ul><li>Service and professional & related workers will grow at the fastest rate. </li></ul><ul><li>The decline in manufacturing has been slowing the demand for production workers. </li></ul>Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 27
  28. 28. Service and Professional Workers will Account for Almost 270,000 New Jobs Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 28
  29. 29. Occupational Job Growth in Ohio <ul><li>Health occupations will account for 27.4 percent of the net job growth. </li></ul><ul><li>Service occupations, except health, will account for another 25.9 percent of job growth. </li></ul>Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 29 Percent of New Jobs* *Does not include the loss of over 70,000 production jobs.
  30. 30. Health and Community & Social Service Occupations Dominate the Fastest Growing Jobs Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 30 Percent Change, 2006-2016
  31. 31. Most Job Openings are Due to Replacement Demands <ul><li>Employers replace workers who retire, die or leave the labor force for other reasons. </li></ul>42.2 35.8 21.2 13.9 12.2 4.5 Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 6.2 31 0.4 24.9 12.2
  32. 32. Job Growth can be Viewed in Two Ways <ul><li>Large occupational categories, such as cashiers, which are growing at slow or moderate rates, often provide many more job openings than small, fast-growing occupations, such as occupational therapist assistants. </li></ul><ul><li>More than four out of every five job openings are expected because of net replacement needs. </li></ul>31 13 109 6,600 Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 32
  33. 33. Occupations with the Most Job Openings <ul><li>An occupation with large employment will usually have many job openings. </li></ul><ul><li>Even occupations with limited employment growth may have high demand because of replacement needs. </li></ul>Annual Job Openings, 2006-2016 Thousands Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 33
  34. 34. Educational Attainment of Ohio Occupational Employment, 2006 Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 34 High School High School/ Some College High School/Some College/College Some College/ College College
  35. 35. Educational Attainment of Projected Employment Change, 2006-2016 Source: Ohio Department of Job and Family Services Bureau of Labor Market Information 35 High School High School/Some College High School/ Some College/ College Some College/ College College
  36. 36. Education will Play a Bigger Role in the Ohio Workplace Source: Ohio Department of Job and Family Services Bureau of Labor Market Information Percent Change, 2006-2016 36
  37. 37. Education Pays … U.S. Data Less than a high-school diploma High-school diploma Some college, no degree Associate degree Bachelor’s degree Master’s degree Unemployment Rate in 2007 Median Weekly Earnings in 2007 Note : Year-round full-time workers 25 years and older Source: Bureau of Labor Statistics 2.1 2.6 3.3 4.2 4.7 7.6 $409 $583 $653 $699 $937 $1,129 $1,370 Professional degree Doctoral degree 1.1 1.6 $1,421 37
  38. 38. Ohio Job Outlook to 2016 <ul><li>For further information contact: </li></ul><ul><li>Lew Horner Sandy Newman </li></ul><ul><li>Workforce Research Chief Projections Coordinator </li></ul><ul><li>(614) 466-9824 (614) 644-0632 </li></ul><ul><li>Ohio Department of Job and Family Services </li></ul><ul><li>http://jfs.ohio.gov/ </li></ul><ul><li>Office of Workforce Development </li></ul><ul><li>http://jfs.ohio.gov/workforce/ </li></ul><ul><li>Bureau of Labor Market Information </li></ul><ul><li>http://ohiolmi.com/ </li></ul>

×