Majors, Occupations, Labor Supply and Wages Texas Style. Ruben Garcia Jesse Sampson TAIR 2012 Corpus Christi, TX Feb. 22, 2012
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1 Majors, Occupations, Labor Supply and Wages Texas Style Ruben Garcia Jesse Sampson TAIR 2012 Corpus Christi, TX Feb. 22, 2012
2 What Determines Labor Market Outcomes for College Graduates? The College Premium increased 45 percent from Does this indicate a shortage of educated workers? Supply, Demand, Wages and Myth Richard Rothstein, (2009)
3 Job Growth has Become Polarized over the Last Three Decades. Source: New York Federal Reserve Blog and Congressional Budget Office Blog Skills are becoming more important to labor market success.
4 Textbook Labor Supply and Demand Source: Wage S 0 W n W 0 S 1? W 1 D Q 0 Q 1 Employment
5 What Determines Labor Market Outcomes for College Graduates? The risk of unemployment among recent college graduates depends on their major. Majors that are more closely aligned with particular occupations and industries tend to experience lower unemployment rates. Hard Times: College Majors, Unemployment and Earnings (2011)
6
7 Sources and Methods Data provided by the Texas Higher Education Coordinating Board Graduation data from the CBM009 are linked to Unemployment Insurance Wage records to determine employment and wages Graduation data includes both public and private, 2-yr and 4-yr institutions TWC Projections data Wages from TWC Wage Information Network Texas Occupations/Majors from IPUMS (American Community Survey 2010 Texas data).
8 Majors with Occupation Links Earn More
9 Because Related Occupations Earn More
10 But Top Earners Concentrate in Top Industries
11 Health, Engineering and Management
12 Business Administration and Management 16,965 Projected Average Annual Openings ,570 Weighted Moving Average Graduates POSSIBLE OCCUPATIONS Administrative Services Managers Chief Executives Construction Managers Farm, Ranch, & Other Agricultural Managers General and Operations Managers Logisticians Management Analysts Natural Sciences Managers Property/Real Estate Managers Purchasing Managers Sales Managers Social and Community Service Managers Training and Development Managers Civil or Environmental Engineers
13 International Relations and Affairs 20 Projected Average Annual Openings Weighted Moving Average Graduates POSSIBLE OCCUPATIONS Political Scientists Um Graduate School!?
14 Registered Nursing, Nursing Admin 4,485 Projected Average Annual Openings ,041 Weighted Moving Average Graduates POSSIBLE OCCUPATIONS Community and Social Service Specialists Health Educators Informatics Nurse Specialists Medical and Public Health Social Workers Nurse Anesthetists Nurse Practitioners Clinical Nurse Specialists Medical and Health Services Managers
15 Average Percent Employment, Selected 4-year Programs
16 Average Quarterly Earnings, Selected 4-year Programs
17 Average Percent Employed, Selected 2-year Programs
18 Average Quarterly Earnings, Selected 2-year Programs
19 Graduates/Opening /Help Wanted On Line Comparison Surplus Shortage Occupation Projected Opening Graduate 2010 Avg. HOW* Occupation Projected Opening Graduate 2010 Avg. HOW* Historians 5 3,021 1 Registered Nurses 8,565 6,134 8,283 Accountants and Elementary School Auditors 3,960 7,133 2,378 Teachers, 9,405 1, Computer Software Graphic Designers Engineers 1,880 1,327 1,375 Clinical Data Managers 25 1, Electricians 2, Social & Community Truck Drivers, Heavy Service Managers , and Tractor-Trailer 5,530 3,561 2,157 Audio-Visual Collections Specialists Pharmacists Budget Analysts 175 9, Cooks, Restaurant 4,120 1, * Avg. 6 month Help Wanted online
20 Concluding Thoughts Major matters! Programs directly aligned with occupations have better employment and wages. Need occupational titles to accurately measure supply and demand. Enhance Unemployment Insurance Wage Records or conduct Employer Follow-up Survey.
21 Contact Jesse Sampson: Ruben Garcia:
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