Got Talent? Rosemount Business Appreciation Luncheon Feb. 10, 2016
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1 Got Talent? Rosemount Business Appreciation Luncheon Feb. 10, 2016
2 Today The Talent Situation Short-term Solutions Long-term Solutions
3 What the Stats Show.
4 Regional Unemployment Rates County Dec Unemployment Rate Anoka 3.3% Carver 3.0% Dakota 3.0% Goodhue 3.5% Rice 3.4% Scott 3.0% Washington 2.8% Metro Area 2.9% Minnesota 3.6% Not Seasonally Adjusted
5 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Unemployment Rate Unemployment Rates Minnesota U.S. Dakota County Source: DEED Local Area Unemployment Statistics (LAUS)
6 Q4, 2001 Q2, 2002 Q4, 2002 Q2, 2003 Q4, 2003 Q2, 2004 Q4, 2004 Q2, 2005 Q4, 2005 Q2, 2006 Q4, 2006 Q2, 2007 Q4, 2007 Q2, 2008 Q4, 2008 Q2, 2009 Q4, 2009 Q2, 2010 Q4, 2010 Q2, 2011 Q4, 2011 Q2, 2012 Q4, 2012 Q2, 2013 Q4, 2013 Q2, 2014 Q4, 2014 Q2, 2015 Job Opening Ratios 140, , ,000 Vacancies Unemployment 80,000 60,000 40,000 20,000 0 Source: MN Dept of Employment & Economic Development
7 Aging
8 Rosemount Commute & Labor Sheds 2013
9 Rosemount Commute & Labor Sheds 2013 Commute Shed: Where Workers who Live in Rosemount are Employed Count Share Labor Shed: Where Workers Live who are Employed in Rosemount Count Share Total All Jobs 11, % Total All Jobs 7, % Minneapolis 1, % Rosemount % Eagan 1, % Apple Valley % St. Paul 1, % Lakeville % Rosemount % Eagan % Apple Valley % Hastings % Bloomington % Farmington % Burnsville % Inver Grove Heights % Lakeville % St. Paul % Edina % Burnsville % Eden Prairie % Minneapolis % All Other Locations 3, % All Other Locations 3, %
10 Forecasting Future Job Trends Minnesota s economy will grow by 7%, or 205,000 new jobs, between 2012 and %, or 132,600 new jobs within the metro region. Over 673,500 new workers will be needed to take jobs left vacant through retirements and replacements. 399,000 replacement workers will be needed in the metro region. Employment changes depend on the demand for goods and services, productivity advances, technological innovations, and shifts in business practices. Source: MN Dept of Employment & Economic Development
11 Feel Better?
12 Short-term Solutions Multi-faceted Approach Attraction, Recruitment, Retention Marketing Multi-source WorkForce Centers Job Fairs Employer of the Day Colleges/Schools Cities Churches Untapped Labor Pool
13 Other Resources: Hiring, Training, Data, Start-ups, etc. Your Expectations? Education What Are Job Seekers Looking For?
14 Longer-term Solutions Building the Talent Pipeline Talent Attraction From Other Areas (Greater MSP) Colleges Internships Classes Multitude of Opportunities w/ K-12 Career Awareness Internships CEO in Classroom Other
15 Resources for Employers Hiring Minnesota Job Bank free resource to post jobs; search resumes Business of the Day booth in WorkForce Center to meet potential candidates. Referral of qualified applicants though counselors; exposure through job clubs Job fairs 1,000-3,000 candidates. Specialized General Training MN JobSkills Partnership Program GED/Literacy/Adult-based education English Language Training Incumbent worker training programs Customized/industry-specific training Entrepreneurial training Computer training
16 Employers page 2 Labor Market Information Economic data, trends etc. Skills of available workforce Wage and salary information by area Commuting patterns Salary surveys Wanted Analytics (new) Business Start-ups/Entrepreneurs Open to Business Connections to Small Business Administration and Small Business Development Centers Workshops Bob Voss, Dakota County Technical College Other Downsizing/layoff assistance Tax credits Bonding information Business Service Representatives
17 Resources: Customized training Patrick McQuillan Workforce Business Service Representatives Jody Pepinski, For Business: Graduate Outcomes
18 Thanks! Kim Budde Assistant Principal, Rosemount High School Mark Jacobs Director, Dakota-Scott Workforce Development Board Workforce Development Director, Dakota County
DAKOTA COUNTY USAGE CLASSIFICATION REPORT REAL ESTATE AND PERSONAL PROPERTIES By Municipality
65-48-4 or -8-47-56 (Non-Metro) Date: /7/6 Parameters: Tax Year: 5 Payable Year: 6 Page of 4 APPLE VALLEY,647,678,8 6,56, 5, 7,57 4,,8 77,6,89,96,455 468,595, 9,86,796 7 5,, 6,4 9,8,884 468,595,,6,4 65,998
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