STATE OF THE LOUISVILLE REGIONAL LABOR MARKET LABOR MARKET QUARTERL Y R EPORT

Transcription

1 STATE OF THE LOUISVILLE REGIONAL LABOR MARKET LABOR MARKET QUARTERL Y R EPORT SECOND QUARTER 2015

2 STATE OF THE LOUISVILLE REGIONAL LABOR MARKET TABLE OF CONTENTS Executive Summary of the Local Labor Market Data 3 Top 15 High-Demand & High-Wage Fields in Louisville, June Wage-Growth Potential: Information Technology and Tech s; 5 Food and Beverage s Top 30 in the Louisville MSA in the Second Quarter of th to 75th Percentile Pay Ranges for Each Top 30 in Louisville MSA in the Second Quarter of Paying Above a Living Wage 25th to 75th Percentile Pay Ranges for Each Career Pathways Charts About the Career Pathways Charts 8 Advanced Manufacturing Career Pathways Chart 9 Consumer and Business Services Career Pathways Chart 10 Food and Beverage Career Pathways Chart 11 Health Enterprises and Lifelong Wellness & Aging Career Pathways Chart 12 Information Technology Career Pathways Chart 13 Logistics and Supply Chain Management Career Pathways Chart 14 Louisville MSA Unemployment Rates, June Size of Labor Force in the Last Ten Years, June Labor Force Participation Rates (LFPR), Louisville MSA Total s over the Last Ten Years, Louisville MSA Percentage of s by Industries, Median Annual Wages Adjusted for Inflation in the Louisville MSA, Kentucky and 20 the United States from Second Quarter (2015 dollars) Sources and Methodology 21 About KentuckianaWorks 22 2

3 Executive Summary of the Local Labor Market Data This quarter, the Louisville area job market continued its strongest showing in ten years. The unemployment rate for June 2015 was 4.7 percent compared to 6.1 percent in June s were most plentiful in healthcare, technology, logistics and sales. By far the greatest number of high-wage jobs were available in the Lifelong Wellness & Aging/ Health Enterprises industry cluster, which includes registered nurses, doctors and therapists, and in the Information Technology sector, where software applications developers were in particular demand. Also showing second-quarter growth were job opportunities in sales, with more than 600 positions posted. Education remains a very important factor in the labor market. Some 78 percent of the top 30 jobs that pay above the living wage ($36,795) typically require some postsecondary education, although some of these postsecondary awards can be credentials, such as a Commercial Driver s License (CDL), that take as little as four weeks to obtain. Tractor-trailer truck drivers, part of the Logistics & E-Commerce sector, were the overall most sought-after employees in the second quarter with more than 2,000 job postings. CDL graduates may be able to land one of these jobs with annual wages starting around $33,000. Detailed career pathways charts show six target industry clusters by online job postings as well as the education levels and wage ranges for each of the job categories. The charts provide job seekers, employers, students and families with useful and current employment data and analysis that can be used to plan areas of study or training, determine career goals and learn more about the regional labor market. New to this report are charts showing the local labor force participation rate and median wages over the last ten years. The labor force participation rate the proportion of the overall population that is working or looking for work has been declining nationally for about ten years, only stabilizing in the last year around 63 percent. Reasons for the decline include Baby Boomer retirements and the impact of the recent recession (people laid off or unable to find work who left the workforce, or people who simply never entered it). The report shows, however, that the local labor force participation has not followed national trends. Instead of a steady decline, the Louisville area has experienced ups and downs, with a slight uptick overall. This report also adds new information regarding the wage-growth potential for jobs in the Information Technology and Food & Beverage industry clusters. 3

4 Top 15 High-Demand & High-Wage Fields in Louisville, June Health Diagnosing and Treating Practitioners Doctors, RNs, Therapists Business Operations Specialists Market Research Analysts, HR HR Specialists, Claims Adjustors Construction Trades Workers Carpenters, Electricians, Plumbers Possible Retirements + Growth Possible Possible Retirements + Growth Growth Postings Possible Possible Retirements Retirements + Growth Growth Postings Postings Possible Possible Retirements Financial Retirements Specialists + Growth Growth Personal Financial Advisors, Accountants, Real Real Estate Estate Appraisers Appraisers Postings Postings Sales Representatives, Services Insurance, Insurance, Securities, Securities, Commodities, Commodities, Ad Ad Sales Sales Agents Agents Possible Possible Retirements + Retirements Growth Growth Postings Postings Possible Retirements Health Possible Retirements Technologists and and Technicians + Growth Growth Licensed Licensed Vocational Vocational Nurses, Nurses, Pharmacy Pharmacy Techs, Techs, Dental Dental Hygienists Hygienists Teachers Teachers Possible Retirements Possible + Retirements Growth Growth Possible Retirements Computer Possible Retirements Computer Occupations Occupations + Growth Growth App App Developers, Developers, Computer Computer Systems Systems Analysts, Analysts, Help Help Desk Desk Analysts Analysts Possible Retirements Metal Possible Retirements Metal Workers Workers and and Plastic Plastic Workers Workers + Growth Growth Machinists, Welders, CNC Tool Operators Machinists, Welders, CNC Tool Operators Possible Retirements Operations Possible Retirements Operations Specialties Specialties Managers Managers + Growth Growth Financial, IT, Admin. Services Managers Financial, IT, Admin. Services Managers Possible Retirements Sales Representatives, Possible + Retirements Growth Sales Representatives, + Growth Wholesale and Manufacturing Wholesale and Manufacturing Possible Retirements Counselors, Social Workers, and Possible + Retirements Growth Counselors, Social Workers, and + Growth Service Specialists Service Specialists Possible Retirements Vehicle and Mobile Equipment Mechanics Possible + Retirements Growth Vehicle and Mobile Equipment Mechanics + Growth Automotive Service Techs, Diesel Engine Specialists, Aircraft Mechanics Automotive Service Techs, Diesel Engine Specialists, Aircraft Mechanics Possible Retirements Possible + Retirements Growth Office Managers + Growth Office Managers Possible Retirements Possible + Retirements Growth Engineers + Growth Engineers Category Category June job postings numbers will include some duplications, as employers may post jobs multiple times until the position is filled. Possible Possible Retirements Retirements Growth Growth Postings Postings 0 0 1,000 1,000 2,000 2,000 3,000 3,000 4,000 4,000 5,000 5,000 6,000 6,000 7,000 7,000 8,000 8,000 9,000 9,000 10,000 11,000 10,000 11,000 Value Value SOURCE: Burning Glass/Labor Insight for of Fields from June 2014 June 2015, discounted by 20 percent to account for possible duplications; SOURCE: Growth Burning and Possible Glass/Labor Retirements Insight reflects for ten-year of estimates Fields from from June EMSI 2014 Analyst June 2015, discounted by 20 percent to account for possible duplications; Growth and Possible Retirements reflects ten-year estimates from EMSI Analyst These are the job fields paying a median wage above $36,795 with the highest demand in the Louisville MSA. The top bar shows a combination of projected job growth and possible retirements. These are best estimates of the number of jobs that will be open in the next ten years, but they are by no means guarantees. The bottom bar in each job field group is the number of online job postings for that field in June This number will include duplications, as employers re-post jobs they have a hard time filling. However, this number does give us an idea of where the highest job demand is and which jobs employers are having the hardest time filling. And, from that standpoint, Computer Occupations are clearly the job field most in demand or which employers are having the hardest time filling. Healthcare Practitioners and Business Operations Specialists follow in second place and third place, respectively. 4

5 Information Technology and Tech s: More Wage-Growth Potential 2014 s in Industry Number of s Number of s 3,088 3,088 IT Managers IT Managers 1,124 s 1,124 s System Developers System Developers 904 s 904 s System Analysts System Analysts 1,730 s 1,730 s Software Developers Software Developers 3,088 s 3,088 s System Administrators System Administrators 1,337 s 1,337 s Computer Programmers Computer Programmers 1,034 s 1,034 s Network Support Specialists Network Support Specialists 830 s 830 s Tech Support Analysts Tech Support Analysts 2,128 s 2,128 s Graphic Designers Graphic Designers 1,343 s 1,343 s IT Support Techs IT Support Techs 1,603 s 1,603 s $0 $0 $40,000 $40,000 $80,000 $80,000 $120,000 $120,000 $160,000 $160,000 $200,000 $200,000 Annual Wages Annual Wages Food and Beverage s: Few with Large Wage-Growth Potential 2014 s in Industry Number of s Number of s 16,062 16,062 General Managers General Managers 431 s 431 s Front Office Supervisors Front Office Supervisors 112 s 112 s Truck Drivers Truck Drivers 115 s 115 s Customer Service Customer Service 96 s 96 s Office Clerks Office Clerks 126 s 126 s Janitors Janitors 392 s 392 s Servers Servers 9,850 s 9,850 s Cashiers Cashiers 1,464 s 1,464 s Housekeepers Housekeepers 1,722 s 1,722 s Line and Prep Cooks Line and Prep Cooks 16,062 s 16,062 s $0 $0 $40,000 $40,000 $80,000 $80,000 $120,000 $120,000 $160,000 $160,000 $200,000 $200,000 Annual Wages Annual Wages SOURCE: EMSI Analyst; s in Food and Beverage Industry based staffing pattern for Food Manufacturing, Food and Accommodation industries SOURCE: EMSI Analyst; s in Food and Beverage Industry based staffing pattern for Food Manufacturing, Food and Accommodation industries 5

6 Top 30 in the Louisville MSA in the Second Quarter of th - 75th Percentile Pay Ranges for Each Tractor-Trailer Tractor-Trailer Truck Truck Drivers Drivers Registered Registered Nurses Nurses Customer Customer Service Service Reps Reps Non-Technical Non-Technical Sales Sales Reps Reps Business Business Intelligence Intelligence Analysts Analysts Retail Retail Supervisors Supervisors Retail Retail Sales Sales Associates Associates Health Health Service Service Managers Managers Warehouse Warehouse Workers Workers App. App. Software Software Developers Developers Nursing Nursing Assistants Assistants Accountants Accountants and and Auditors Auditors Maintenance Maintenance Technicians Technicians Administrative Administrative Assistants Assistants Bookkeepers Bookkeepers Security Security Guards Guards Human Human Resources Resources Specialists Specialists Licensed Licensed Practical Practical Nurses Nurses Project Project or Program or Program Managers Managers Office Office Managers Managers Medical Medical Records Records & Billing & Billing Spec. Spec. General General Managers Managers Line Line and and Prep Prep Cooks Cooks Delivery Delivery Service Service Drivers Drivers Sales Sales Managers Managers Computer Computer Systems Systems Analysts Analysts Financial Financial Manangers Manangers Medical Medical Assistants Assistants Emergency Emergency Room Room & MRI & MRI Techs Techs Help Help Desk Desk Analysts Analysts $33,740 $33,740 - $51,834 - $51,834 $50,754 $50,754 - $70,556 - $70,556 $25,876 $25,876 - $39,412 - $39,412 $37,056 $37,056 - $72,003 - $72,003 $46,788 - $79,127 Typical Typical Entry-Level Education $46,788 - $79,127 $23,158 $23,158 - $34,980 - $34,980 Bachelor s Bachelor s degree degree $17,712 $17,712 - $25,420 - $25,420 Associate Associate degree degree $68,140 $68,140 - $110,379 - $110,379 Certificate Certificate or or Diploma Diploma $21,840 $21,840 - $33,112 - $33,112 High High School School diploma diploma or or equivalent equivalent $54,724 $54,724 - $86,317 - $86,317 Less Less than than high high school school $21,434 $21,434 - $28,611 - $28,611 $44,443 $44,443 - $69,668 - $69,668 Typical Entry-Level Education $28,229 $28,229 - $48,506 - $48,506 $24,416 $24,416 - $37,621 - $37,621 of Top 30 s $28,556 $28,556 - $41,758 - $41,758 $20,429 $20,429 - $36,816 - $36,816 $40,798 - $67,520 Associate $40,798 - $67,520 Associate Less Less than than degree degree $34,986 - $45,206 high school $34,986 - $45,206 high school 10% 10% 10% $38,697 - $58,234 10% $38,697 - $58,234 $38,639 $38,639 - $59,726 - $59,726 $25,284 - $39,009 Bachelor s degree $25,284 - $39,009 Bachelor s degree 25% $54,619 - $116,504 25% $54,619 - $116,504 $16,826 $16,826 - $19,203 - $19,203 High High School School diploma diploma or equivalent $24,928 $24,928 - $46,684 - $46,684 or equivalent 33% 33% $64,630 $64,630 - $107,247 - $107,247 Certificate $59,436 $59,436 - $111,068 - $111,068 Certificate or Diploma or Diploma $50,747 $50,747 - $87,412 - $87,412 22% 22% $24,990 $24,990 - $33,144 - $33,144 $36,694 $36,694 - $54,368 - $54,368 $34,406 $34,406 - $53,681 - $53, NEW TO THE LIST Office Managers (#20) Medical Records and Billing Specialists (#21) Line and Prep Cooks (#23) Computer Systems Analysts (#27) Medical Assistants (#28) Emergency Room and MRI Techs (#29) ON THE RISE (Ranking jump from Q to Q2 2015) Customer Service Reps (from #4 to #3) Non-Technical Sales Reps (from #6 to #4) Maintenance Techs (from #16 to #13) Bookkeepers (from #20 to #15) Security Guards (from #22 to #16) Number Number of of Q2 Q Postings Top 10 Basic Skills in Louisville MSA (based on employer preferences in online job postings) 1. Communication Skills 2. Organizational Skills 3. Writing 4. Customer Service 5. Microsoft Excel 6. Problem Solving 7. Computer Skills 8. Microsoft Office 9. Planning 10. Attention to Detail SOURCE: SOURCE: Burning Burning Glass Glass Labor/Insight and and EMSI EMSI Analyst Analyst 6

7 Top 30 in the Louisville MSA in the Second Quarter of 2015 Paying above a Living Wage, 25th - 75th Percentile Pay Ranges for Each Tractor-Trailer Truck Drivers Registered Nurses Non-Technical Sales Reps Business Intelligence Analysts Health Service Managers App. Software Developers Accountants and Auditors Maintenance Technicians Human Resources Specialists Licensed Practical Nurses Project & Program Managers Office Managers General Managers Sales Managers Computer Systems Analysts Financial Managers Emergency Room & MRI Techs Help Desk Analysts Technical Sales Reps Production Supervisors Physicians and Surgeons Physical Therapists Production Schedulers Marketing Managers Management Analysts Database Administrators Laboratory Techs Market Research Analysts Web Designers Computer Programmers $33,740 - $51,834 $50,754 - $70,556 $37,056 - $72,003 $46,788 - $79,127 $68,140 - $110,379 Typical Entry-Level Education $54,724 - $86,317 More education Doctoral or professional degree $44,443 - $69,668 is required for Bachelor s degree $28,229 - $48,506 Top s that pay Associate degree $40,798 - $67,520 above a living wage. Certificate or Diploma $34,986 - $45,206 High School diploma or equivalent $38,697 - $58,234 $38,639 - $59,726 $54,619 - $116,504 Typical Entry-Level Education of Top 30 $64,630 - $107,247 s Paying Above a Living Wage $59,436 - $111,068 $50,747 - $87,412 $36,694 - $54,368 $34,406 - $53,681 Associate High School or degree diploma or equivalent $55,485 - $111,236 Doctoral or or 16% $40,436 - $65,813 professional 19% degree $93,919 - $167,849 3% $70,162 - $89,802 $35,103 - $56,972 $65,175 - $119,291 Certificate or or Diploma $53,278 - $76,742 22% Bachelor s degree 40% $52,718 - $90,141 $31,521 - $45,781 $39,167 - $63,829 $30,348 - $46,023 $42,204 - $71, NEW TO THE LIST Production Supervisors (#20) Market Research Analysts (#28) Web Designers (#29) Computer Programmers (#30) ON THE RISE (Ranking jump from Q to Q2 2015) Office Managers (from #21 to #12) Financial Managers (from #20 to #15) Production Schedulers (from #26 to #13) Emergency Room and MRI Techs (from #24 to #17) Marketing Managers (from #25 to #14) Number of Q Top 10 Specialized Skills in Louisville MSA (based on employer preferences in online job postings) 1. Accounting 2. Patient Care 3. Repair 4. Sales 5. Scheduling 6. Data Entry 7. Inspection 8. Treatment Planning 9. Interaction with Patients/ Medical Personnel 10. Collaboration SOURCE: Burning Glass Labor/Insight and EMSI Analyst 7

8 About the Career Pathways Charts postings reported on the career pathways charts for the Second Quarter 2015 (pages 9-14) differ from the three previous Labor Market Quarterly Reports. postings data beginning with this Q report is being collected using a new filtering method. To isolate occupations within a specific industry group, job postings will be filtered by respective industry categories based upon North American Industry Classification System (NAICS) codes. These filters were applied within the Burning Glass/Labor Insight database. postings numbers listed here for this quarter and Q reflect this new methodology. This is an intermediate step on the way to a full-chart redesign planned for the Q report. 8

9 ADVANCED MANUFACTURING Advanced Manufacturing Career Pathways CAREER PATHWAYS Louisville Metropolitan Statistical Area April - June 2015 Louisville Metropolitan Statistical Area 485 TOTAL JOB POSTINGS UP FROM Q (340) PRODUCTION PROCESS DEVELOPMENT QUALITY ASSURANCE MAINTENANCE BA/BS (4 YRS) 162 JOB POSTINGS Manufacturing Engineers 39 JOB POSTINGS $32.00 to $47.90 Sales Engineers; Cost Estimators 11 JOB POSTINGS $21.96 to $54.39 Quality Engineers; Production Managers 79 JOB POSTINGS $24.23 to $48.75 Electrical and Mechanical Engineers 44 JOB POSTINGS $32.85 to $48.61 ASSOCIATE DEGREE (2 YRS) level level level level CERTIFICATE OR DIPLOMA (1-2 YRS) 77 JOB POSTINGS Production Supervisors; CNC Machine Tool Operators 77 JOB POSTINGS $12.31 to $31.64 HIGH SCHOOL OR GED 235 JOB POSTINGS Assembly Technicians; Industrial Tool Operators 137 JOB POSTINGS $8.90 to $30.20 at the entry level Quality Assurance Specialists 22 JOB POSTINGS $13.78 to $24.85 Repair Technicians 76 JOB POSTINGS $13.57 to $23.32 SOURCE: postings data come from Burning Glass Labor/Insight job postings 4/1/15 through 6/30/15, discounted by 20 percent to account for possible duplication. All other data from EMSI Analyst for Numbers are not guarantees of job placement. NOTE: posting data for this chart use the new filtering method explained on Page 8. 9

10 Consumer and Business Services Career Pathways Louisville Metropolitan Statistical Area April - June TOTAL JOB POSTINGS UP FROM Q (795) FINANCIAL SERVICES/ PAYMENT PROCESSING LEGAL SERVICES/ CONSULTING ADVERTISING AND PR PROFESSIONAL DEGREE/PHD/ MASTER'S DEGREE 24 JOB POSTINGS at the professional level Lawyers 24 JOB POSTINGS $34.74 to $53.92 at the professional level BA/BS (4 YRS) Accountants and Auditors; Financial Managers; Credit Analysts; Personal Financial Advisors Management Consultants Marketing Managers; Public Relations Managers; Fundraising Coordinators; Marketing Coordinators; Graphic Designers; Communications Specialists 560 JOB POSTINGS 288 JOB POSTINGS $16.42 to $ JOB POSTINGS $25.61 to $ JOB POSTINGS $14.91 to $57.35 ASSOCIATE DEGREE (2 YRS) 32 JOB POSTINGS level Paralegals and Legal Assistants 22 JOB POSTINGS $16.78 to $24.77 Executive Assistants 10 JOB POSTINGS $16.91 to $23.70 CERTIFICATE (1-2 YRS) HIGH SCHOOL OR GED 249 JOB POSTINGS Bookkeepers; Correspondence Clerks 102 JOB POSTINGS $13.73 to $20.08 Receptionists 10 JOB POSTINGS $11.16 to $15.19 Office Assistants; Artists; Photographers; Secretaries and Administrative Assistants 137 JOB POSTINGS $10.74 to $18.09 SOURCE: postings data come from Burning Glass Labor/Insight job postings 4/1/15 through 6/30/15, discounted by 20 percent to account for possible duplication. All other data from EMSI Analyst for Numbers are not guarantees of job placement. NOTE: posting data for this chart use the new filtering method explained on Page 8. 10

11 Food and Beverage Career Pathways Louisville Metropolitan Statistical Area April - June 2015 DOWN FROM Q (1,328) 1,040 TOTAL JOB POSTINGS FOOD PRODUCTION RESTAURANT HOSPITALITY CORPORATE HEADQUARTERS BA/BS (4 YRS) 114 JOB POSTINGS at the bachelor level General Managers 30 JOB POSTINGS $26.26 to $56.01 Sales Managers; Marketing Coordinators 31 JOB POSTINGS $18.83 to $51.56 Network Engineers; Applications Developers; Marketing Managers; Financial Analysts; Quality Assurance Analysts; Accountants; HR Resources 53 JOB POSTINGS $19.61 to $57.35 ASSOCIATE DEGREE (2 YRS) level level level level CERTIFICATE OR DIPLOMA (1-2 YRS) 23 JOB POSTINGS Tractor-Trailer Truck Drivers; Production Shift Supervisors 23 JOB POSTINGS $16.22 to $31.64 HIGH SCHOOL OR GED 325 JOB POSTINGS Delivery Drivers; Maintenance Techs; Production Workers 61 JOB POSTINGS $8.93 to $23.32 Shift Managers; Assistant Managers; Chefs 187 JOB POSTINGS $11.34 to $19.61 Front Desk Agents; Housekeeping Supervisors; Security Officers 33 JOB POSTINGS $8.50 to $19.82 Customer Service Representatives; Office Supervisors; Office Clerks 44 JOB POSTINGS $10.74 to $28.71 LESS THAN HIGH SCHOOL 578 JOB POSTINGS Order Fillers 173 JOB POSTINGS $9.49 to $14.36 Restaurant Team Members; Servers; Line and Prep Cooks; Cashiers; Bartenders; Hosts and Hostesses 368 JOB POSTINGS $7.78 to $11.55 Housekeepers; Janitors 37 JOB POSTINGS $8.34 to $13.12 No high-growth jobs at the less-than-high-school level SOURCE: postings data come from Burning Glass Labor/Insight job postings 4/1/15 through 6/30/15, discounted by 20 percent to account for possible duplication. All other data from EMSI Analyst for Numbers are not guarantees of job placement. NOTE: posting data for this chart use the new filtering method explained on Page 8. 11

12 Health Enterprises and Lifelong Wellness & Aging Career Pathways Louisville Metropolitan Statistical Area April - June ,419 TOTAL JOB POSTINGS UP FROM Q (1,898) DIRECT PATIENT CARE DIAGNOSTIC/ THERAPEUTIC ADMINISTRATIVE/ CORPORATE DOCTORAL OR PROFESSIONAL DEGREE 258 JOB POSTINGS Physicians and Surgeons; Physical Therapists; Family and General Practitioners 215 JOB POSTINGS $30.56 to $ Pharmacists; Dentists; Psychiatrists 28 JOB POSTINGS $35.45 to $69.27 Healthcare Lawyers 15 JOB POSTINGS $34.74 to $53.92 MASTER S DEGREE 166 JOB POSTINGS Speech Language Pathologists; Nurse Practitioners; Occupational Therapists; Physicians Assistants 155 JOB POSTINGS $28.63 to $74.30 at the master's degree level Healthcare Social Workers; Statisticians 11 JOB POSTINGS $17.23 to $44.17 BA/BS (4 YRS) 592 JOB POSTINGS Directors of Nursing 310 JOB POSTINGS $32.76 to $53.07 Laboratory Technicians; Dieticians and Nutritionists 18 JOB POSTINGS $22.91 to $34.03 HR Managers; Accountants; IT Analysts and Managers; Marketing Coordinators; Financial Analysts 264 JOB POSTINGS $15.53 to $59.18 ASSOCIATE DEGREE (2 YRS) 1,129 JOB POSTINGS Registered Nurses; Cardiovascular Techs; Physical Therapist Assistants; Respiratory Therapists; Sonographers; Occupational Therapy Assistants 1,047 JOB POSTINGS $10.76 to $17.13 Laboratory Histotechnicians; Dental Hygienists; Radiologic Techs 82 JOB POSTINGS $12.19 to $47.55 level CERTIFICATE (1-2 YRS) 833 JOB POSTINGS Nursing Assistants; Licensed Nurses; Medical Assistants; Paramedics 573 JOB POSTINGS IN THE LAST QUARTER $10.30 to $21.73 Phlebotomists; Dental Assistants; Ophthalmic Medical Techs 34 JOB POSTINGS IN THE LAST QUARTER $10.50 to $21.94 Medical Transcriptionists; Medical Records Clerks 226 JOB POSTINGS IN THE LAST QUARTER $12.16 to $26.14 HIGH SCHOOL OR GED 441 JOB POSTINGS Sterile Processing Technicians; Orderlies 43 JOB POSTINGS IN THE LAST QUARTER $9.47 to $22.22 Caregivers; Home Health Aides; Pharmacy Techs; Opticians; Social Workers 113 JOB POSTINGS IN THE LAST QUARTER $8.31 to $20.32 Medical Secretaries; Office Managers; Customer Service Representatives; Bookkeepers 285 JOB POSTINGS IN THE LAST QUARTER $12.31 to $28.71 SOURCE: postings data come from Burning Glass Labor/Insight job postings 4/1/15 through 6/30/15, discounted by 20 percent to account for possible duplication. All other data from EMSI Analyst for Numbers are not guarantees of job placement. NOTE: posting data for this chart use the new filtering method explained on Page 8. 12

13 Information Technology Career Pathways Louisville Metropolitan Statistical Area April - June 2015 DOWN FROM Q (1,884) 1,698 TOTAL JOB POSTINGS INFORMATION SUPPORT/SERVICES PROGRAMMING & SOFTWARE DEV NETWORK SYSTEMS WEB & DIGITAL COMMUNICATIONS BA/BS (4 YRS) 1,368 JOB POSTINGS Information Technology Managers; Systems Analysts; Operations Analysts 287 JOB POSTINGS $24.06 to $59.18 Systems Software Developers; Applications Software Developers 556 JOB POSTINGS $26.31 to $47.50 Network Specialists; Database Administrators; Information Security Analysts; Systems Administrators 362 JOB POSTINGS $22.65 to $50.12 Computer Programmers; Graphic Designers 163 JOB POSTINGS $14.91 to $34.53 ASSOCIATE DEGREE (2 YRS) OR SOME COLLEGE, NO DEGREE 330 JOB POSTINGS Technical Support Analysts 207 JOB POSTINGS $11.64 to $25.81 level level Web Designers 123 JOB POSTINGS $14.59 to $22.13 CERTIFICATE OR DIPLOMA (1-2 YRS) HIGH SCHOOL OR GED at the entry level at the entry level at the entry level at the entry level SOURCE: postings data come from Burning Glass Labor/Insight job postings 4/1/15 through 6/30/15, discounted by 20 percent to account for possible duplication. All other data from EMSI Analyst for Numbers are not guarantees of job placement. NOTE: posting data for this chart use the new filtering method explained on Page 8. Top 10 Software and Programming Skills in the Louisville MSA (based on employer preferences in online job postings) 1. Microsoft Office Suite 2. SQL 3. SAP 4. Oracle 5. Microsoft C# 6..NET Programming 7. Extensible Markup Language (XML) 8. JavaScript 9. AutoCAD 10. JAVA 13

14 Logistics and Supply Chain Management Career Pathways Louisville Metropolitan Statistical Area April - June ,225 TOTAL JOB POSTINGS UP FROM Q (428) PROCUREMENT (SOURCING/BUYING) TRANSPORTATION OPERATIONS WAREHOUSING & DISTRIBUTION BA/BS (4 YRS) 28 JOB POSTINGS Logistics Specialists 14 JOB POSTINGS $30.08 to $55.31 Aerospace Engineers; Sales Managers 14 JOB POSTINGS $28.99 to $53.25 at the bachelor's degree level ASSOCIATE DEGREE (2 YRS) level level level CERTIFICATE OR DIPLOMA (1-2 YRS) 1,025 JOB POSTINGS Tractor-Trailer Truck Drivers 990 JOB POSTINGS $16.36 to $55.03 Production Supervisors 35 JOB POSTINGS $19.89 to $31.82 HIGH SCHOOL OR GED 172 JOB POSTINGS Receptionists; Office Clerks 17 JOB POSTINGS $10.76 to $17.13 Delivery Drivers; Import and Export Coordinators; Transportation Managers 67 JOB POSTINGS $12.19 to $47.55 Warehouse Workers; Inventory Clerks; Warehouse Managers 88 JOB POSTINGS $9.49 to $31.01 SOURCE: postings data come from Burning Glass Labor/Insight job postings 4/1/15 through 6/30/15, discounted by 20 percent to account for possible duplication. All other data from EMSI Analyst for Numbers are not guarantees of job placement. NOTE: posting data for this chart use the new filtering method explained on Page 8. 14

15 Louisville MSA Unemployment Rates, June Louisville MSA Kentucky United States Unemployment Rate SOURCE: BLS Local Area Unemployment Statistics This number represents the percentage of people who were looking for work but couldn t find it. The local rate seems to have stabilized between 4.5 percent and 5 percent, at or near the lowest rates in a decade. 15

16 Size of Labor Force in the Last Ten Years, June Louisville MSA and Jefferson County Labor Force 650, , , , , , ,327, , , , , , , , , ,635 Louisville MSA United States Jefferson County 156,997, ,385, ,582, ,767, ,252, ,089, ,921, ,557, ,538, , ,283, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000,000 US Labor Force 140,000, , , , , , , , , , , , , ,000, , ,000,000 SOURCE: BLS Local Area Unemployment Statistics Part of the reason the local unemployment rate is so low compared to the last two years is that there are fewer people in the labor force a decline from of about 4.2 percent in Jefferson County and 2.5 percent in the Louisville MSA. 16

17 Labor Force Participation Rates, (LFPR), % United States LFPR 67% 66.17% 66.03% 66.03% Jefferson County LFPR Louisville MSA LFPR 65.4% Number of People in the Labor Force 65% 63% 61% 64.6% 62.8% 63.8% 62.4% 63.6% 61.9% 63.3% 61.5% 64.71% 64.4% 63.1% 64.12% 64.1% 63.8% 63.7% 62.3% 62.3% 64.5% 64.1% 63.25% 59% 57% 55% SOURCE: BLS Labor Force Statistics from the Current Population Survey for the Civilian Population 16 and Over; BLS Local Area Unemployment Statistics Size of the Labor Force; US Census Bureau American Community Surveys Civilian Population 16 and Over Nationally, the labor force participation rate has been declining for about ten years, only stabilizing in the past year at around 63 percent. There is a lag-time on local population data, but it appears that local labor force participation trends have not mirrored the national trends the rate here has been up and down, but has been up overall since

18 Louisville MSA Total s over the Last Ten Years, , , , , ,000 Number of s 760, , , , , , , , , , , , , , , , SOURCE: EMSI Analyst The number of jobs in the Louisville MSA continues to go steeply upward, after bottoming out in These numbers include part-time jobs, self-employment and job openings. Some of these will be second or third jobs; some will be open jobs that haven t been filled. 18

19 Louisville MSA Percentage of s by Industries, % 10.00% 9.59% 9.93% 10.53% 10.77% Percentage of 2015 s 8.00% 6.00% 4.00% 3.57% 3.98% 5.19% 5.49% 5.51% 6.13% 6.56% 7.19% 7.84% 2.00% 0.00% 0.12% 0.23% Oil and Gas Extraction Utilities Management of Companies & Enterprises SOURCE: EMSI Analyst 2.16% 1.67% 1.43% 1.03% 1.08% Crop & Animal Production Information Educational Services Arts, Entertainment and Recreation Wholesale Trade Real Estate and Rental and Leasing Construction Professional, Scientific and Technical Services Other Services (except Public Administration) Transporation and Warehousing Finance and Insurance Waste Management and Remediation Services Accommodation and Food Services Retail Trade Manufacturing Government (including public school & university employees) Healthcare and Social Assistance These industry groups are based on the North American Industry Classification System, or NAICS. Industries can have any number of different occupations within them. For example, Health Care & Social Assistance includes Nurses, IT professionals and Custodians. However, because this classification system originated in 1937, the categories can be awkward in today s economy. For example, Information refers not to Information Technology, but to sub-industries such as Telecommunications, Motion Pictures, Publishing (print) and Data Processing. In other words, these industry groups are much better at classifying traditional industries, such as manufacturing, than new industries such as IT. 19

20 Median Annual Wages Adjusted for Inflation in the Louisville MSA, Kentucky and the United States from 2005 to 2015 (2015 dollars) $38,000 United States Kentucky Louisville $37,000 $36,000 $36,246 $35,907 $35,859 $36,119 $36,825 $36,887 $36,534 $36,147 $35,791 $35,547 Average Annual Wages $35,000 $34,000 $33,000 $32,000 $35,091 $32,734 $35,624 $34,362 $34,173 $34,441 $34,155 $32,436 $32,177 $32,304 $32,307 $35,043 $33,201 $34,695 $32,806 $34,588 $34,268 $32,234 $31,972 $33,976 $31,845 $33,720 $31,824 $31,000 $30, SOURCE: BLS Annual Occupational Empoyment Statistics, taken from yearly May releases; BLS CPI Inflation Calculator In past quarterly reports, a similar chart has been used showing Average Wages Adjusted for Inflation, which have remained basically flat for the last ten years. In this chart, median wages adjusted for inflation, which also have been stubbornly down, are shown. Median wages are generally better at capturing a broader swath of the public, whereas average wages can be skewed by trends at the top or the bottom. Louisville Mayor Greg Fischer is now using median wages to measure progress on his goal to raise Louisville s wages. 20

21 Sources and Methodology: KentuckianaWorks used data based on online job postings aggregated by Burning Glass Labor/Insight to understand labor market demand for different jobs and skills in the workforce of the 12-county Louisville Metropolitan Statistical Area (MSA). Burning Glass gathers data from multiple online sources, including major job posting sites, and employer-specific job boards. Burning Glass then removes duplicate results. We have discounted the Burning Glass numbers by 20 percent to account for jobs that may not have been de-duplicated. postings do not guarantee the existence of an open job. Some industries, such as manufacturing, or occupations, such as welders, may be particularly prone to underrepresentation in online job postings data, meaning the real demand may be higher. Similarly, some employers may post continuous listings for positions they do not intend to fill in the near term. Thus, while Burning Glass provides the best available data, it does not provide a complete representation of the job market. KentuckianaWorks used Economic Modeling Specialist Intl. s Analyst tool (EMSI Analyst) for local data on the number of jobs, median and percentile wages, typical entry-level education for jobs, the composition of jobs within industry clusters, occupational age demographics (to gauge possible retirements), and projected ten-year job growth. EMSI Analyst draws data from multiple sources, including the Bureau of Labor Statistics, the Census Bureau s American Community Surveys, the Bureau of Economic Analysis, and its own proprietary models. KentuckianaWorks annualized data for the median annual wage by assuming 2,080 hours of work during a year. For the living-wage threshold, KentuckianaWorks used the Massachusetts Institute of Technology Living Wage Calculator s 2013 living wage for a family of two adults and two children without childcare in Jefferson County, Kentucky. That number was $36,795. The Top High-Demand and High-Wage job fields were developed by creating composite ranking that takes Burning Glass job postings and EMSI Analyst projected growth/possible retirements into account. Possible retirements come from the number of people in a job field who are 55 or older. Both criteria were ranked separately, then the average ranking was used as a composite score. Composite scores were ranked to create the Top 15 list. To be considered high-wage, a field must have a median annual wage of at least $36,795. The Information Technology and Food and Beverage Wage Potential charts were developed using the 10th, 25th, median, 75th and 90th annual wage percentiles for each occupation. This information is from EMSI Analyst. The top occupations by the number of jobs within each industry were chosen to be included in the visualization. The number of jobs for each occupation within the Food and Beverage category was based on a staffing pattern from EMSI Analyst using the North American Industry Classification System, or NAICS, industry clusters for Food Manufacturing and Food and Accommodation. IT jobs do not have their own NAICS industry codes and can span across different industries, so these numbers were pulled based on the occupations themselves. The unemployment rate is based on the number of people looking for work who could not find work; it does not count people who are not looking for work. The most recent data available for the unemployment rate was for June This rate was not seasonally adjusted. Seasonal adjustments account for job increases due to phenomena such as summer hiring at amusement parks or holiday hiring at distribution centers. Unadjusted data should be compared only to the same month in previous years, not previous months in the same year. Therefore, this report shows unemployment rates in every June from The data comes from the Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics (LAUS). The Labor Force participation rate was calculated by dividing the annual average size of the labor force from the BLS LAUS by the size of the civilian population, 16 years and older. The size of the population is taken from the American Community Survey. The size of the labor force is the number of people working or looking for work. The most recent data is from June Again, to avoid seasonal fluctuations, the current size of the labor force is compared using every June Data for the median annual wages adjusted for inflation is from the BLS Annual Occupational Employment Statistics, released yearly in May. Adjustments are based on the BLS Inflation Calculator, which calculates the rate of inflation using the Consumer Price Index. 21

22 About KentuckianaWorks KentuckianaWorks, an agency of Louisville Metro Government, is the Workforce Development Board for the Greater Louisville region consisting of Jefferson, Bullitt, Henry, Oldham, Spencer, Shelby and Trimble counties. Funding is primarily provided by the U.S. Department of Labor and the Workforce Investment Act of 1998, through the Kentucky Education Workforce Development Cabinet. KentuckianaWorks oversees the region s system of Kentucky Career Center offices where job seekers can find jobs and education and training opportunities and apply for unemployment insurance. Kentucky Career Center offices also help employers meet their workforce needs by linking them with qualified employees. In addition, KentuckianaWorks publishes workforce-related research and data. KentuckianaWorks also works in conjunction with economic development and workforce development partners in the region. The KentuckianaWorks Board is composed of regional leaders from business, education, labor and government. The board, working together with KentuckianaWorks staff and partners, provides strategic leadership for workforce development efforts in the region. Michael Gritton is executive director of KentuckianaWorks. About the State of the Louisville Metropolitan Statistical Area (MSA) Labor Market First Quarter 2015 Report This publication is designed to provide useful information to many segments of the region s population, including job seekers, students, and their parents. Providing current, local data about careers in six job sectors in the Louisville Metropolitan Statistical Area can help residents become more aware of career possibilities and the education levels and job skills needed to attain those careers, as well as how many jobs are available and how to move up the career ladder in each pathway. KentuckianaWorks will have this report and the accompanying career pathways charts posted on its website at where they can be downloaded and printed. This report is compiled by Eric Burnette, Workforce Intelligence & Communications coordinator at KentuckianaWorks. He can be contacted at (502) or eric.burnette@kentuckianaworks.org. Media inquiries should go to Phil Miller, director of Communications at KentuckianaWorks, (502) or phil.miller@kentuckianaworks.org. Equal Service, Education and Employment Opportunities M/F/D/V 22