August 29, 2011

Florida Agency for Workforce InnovationLabor Market Statistics Center

Florida Labor Market and Economic Update

Workforce Estimating Conference

Labor Force ConditionsSeasonally AdjustedJuly 2011

Florida 9,220,000 8,233,000 987,000 10.7 11.5

United States 153,228,000 139,296,000 13,931,000 9.1 9.5

Area Labor Force

Year Ago Unemployment

RateUnemployment

RateUnemploymentEmployment

The unemployment rate in the state has been higher than the nation since February 2008

The current state unemployment rate is down from the record high rate reported in December 2010 (12.0)

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.

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Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.

Florida Unemployment Rates by CountyJuly 2011, Not Seasonally Adjusted

State

California 12.0 12.4 -0.4Michigan 10.9 12.4 -1.5Florida 10.7 11.5 -0.8Georgia 10.1 10.1 0.0North Carolina 10.1 10.3 -0.2Illinois 9.5 10.1 -0.6Ohio 9.0 10.0 -1.0Texas 8.4 8.1 0.3New York 8.0 8.5 -0.5Pennsylvania 7.8 8.6 -0.8

July 2011(P)Unemployment Rate

(%)

July 2010 Unemployment Rate

(%) Change

P = Preliminary Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center and the U.S. Department of Labor, Bureau of Labor Statistics, Local Area Unemployment Statistics Program, released August 19, 2011.

Unemployment Rates in the Ten Most Populous StatesSeasonally AdjustedJuly 2011

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Local Area Unemployment Statistics Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released August 19, 2011.

Unemployment RatesFlorida and the United StatesJanuary 1974 – July 2011, Seasonally Adjusted

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2.0

4.0

6.0

8.0

10.0

12.0

14.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

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Recession

Florida

United States

• 1973 oil embargo• Multi-family housing market collapse

Peak unemployment rate 11.9 percent, May 1975

• 1979 energy crisis• Tight monetary policy• Savings and loan collapse

• Defense spending declines• End of the Gulf War• Airlines deregulation

• IT bubble collapse• 9/11 events• Manufacturing outsourcing • Oil prices

• Housing bubble collapse• Financial crisis

Peak unemployment rate 12.0 percent, December 2010

Nonagricultural EmploymentSeasonally Adjusted

Seasonally Adjusted July 2011 July 2010 Change Percent Change

Florida 7,225,800 7,197,700 28,100 0.4%

United States 131,190,000 129,932,000 1,258,000 1.0%

Florida’s jobs grew in July on an annual basis for the tenth consecutive month

Florida has lost 845,400 jobs during the current downturn (March 2007 to July 2011)

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

P = Preliminary ** = Less than 0.05 percentSource: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

Employment in the Ten Most Populous States July 2011, Ranked by Level ChangeSeasonally Adjusted

Georgia 3,812,200 -0.6% -24,900North Carolina 3,868,100 0.1% 4,400Florida 7,225,800 0.4% 28,100Illinois 5,652,700 0.9% 51,100Michigan 3,942,100 1.5% 60,000Pennsylvania 5,693,200 1.3% 70,500Ohio 5,113,400 1.5% 74,100New York 8,656,700 1.2% 106,600California 14,074,700 1.4% 189,600Texas 10,619,800 2.6% 269,500

State

July 2010 - July 2011P

July2011p Percent Change Level Change

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

Nonagricultural Employment Growth RatesFlorida and the United StatesJanuary 1974 – July 2011, Not Seasonally Adjusted

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

-8.0

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

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Recession

Florida

United States

• 1973 oil embargo• Multi-family housing market collapse

• Steepest rate of job decline at 5.8 percent, July 1975.

• 1979 energy crisis• Tight monetary policy• Savings and loan collapse

• Defense spending declines• End of the Gulf War• Airlines deregulation

• IT bubble collapse• 9/11 events• Manufacturing outsourcing

• Oil prices• Housing bubble collapse• Financial crisis

• Steepest rate of job decline at -7.0 percent, March 2009

Florida Nonagricultural EmploymentJanuary 1990 – July 2011, Seasonally Adjusted

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5,000,000

5,500,000

6,000,000

6,500,000

7,000,000

7,500,000

8,000,000

8,500,000

9Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

Nonagricultural Employment by IndustryFloridaJuly 2011 (Seasonally Adjusted)

Note: Percents may not add to 100.0 due to rounding

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

Construction4.6%

Manufacturing4.3%

Trade, Transportation, and Utilities20.3%

Information1.8%

Financial Activities6.5%

Professional and Business Services14.5%

Education and Health Services15.3%

Leisure and Hospitality13.3%

Other Services4.3%

Total Government15.3%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Florida United States

Nonagricultural Employment by IndustryJuly 2011, Seasonally Adjusted, Over-the-Year Percent Change

11Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

Leisure and Hospitality Gained the Most JobsOver the Year in FloridaJuly 2010 – July 2011 (Seasonally Adjusted)

* Note: Government losses are due primarily to temporary federal Census workers employed last year.

Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released August 19, 2011.Prepared by: Florida Agency for Workforce Innovation, Labor Market Statistics Center.

-30

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0

-20

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-10

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10

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Construction

*Total Government

Information

Financial Activities

Manufacturing

Other Services

Professional and Business Services

Trade, Transportation, and Utilities

Education and Health Services

Leisure and Hospitality

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011

Florida 2010 Average Annual WagesRange from $45,840 to $26,923

HOLMES (67)

HAMILTON

LEON

ALACHUA

COLLIER

PINELLAS

ORANGE

FLORIDA

BREVARD

BROWARD

DUVAL

HILLSBOROUGH

MIAMI-DADE

PALM BEACH

UNITED STATES

$26,923

$39,124

$39,556

$39,699

$40,824

$41,094

$41,471

$41,570

$43,762

$43,804

$45,082

$45,099

$45,645

$45,840

$46,742

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Wages by IndustryFlorida2010

Industry Average Annual

Wages Total, All Industries $41,570

Information $61,487Financial Activities $57,043Manufacturing $51,847Professional and Business Services $49,155Government $47,360Education and Health Services $43,685Construction $41,088Trade, Transportation, and Utilities $37,111Other Services $29,608Natural Resources and Mining $24,287Leisure and Hospitality $21,448

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011.

Average Annual Wage

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

FloridaUS

Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, Quarterly Census of Employment and Wages Program, in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics, released June 2011. 15

Real-Time LMI Help-Wanted OnLineFive Year Trend

July

, 200

7

Septe

mber

, 200

7

Novem

ber, 2

007

Januar

y, 2

008

Mar

ch, 2

008

May

, 200

8

July

, 200

8

Septe

mber

, 200

8

Novem

ber, 2

008

Januar

y, 2

009

Mar

ch, 2

009

May

, 200

9

July

, 200

9

Septe

mber

, 200

9

Novem

ber, 2

009

Januar

y, 2

010

Mar

ch, 2

010

May

, 201

0

July

, 201

0

Septe

mber

, 201

0

Novem

ber, 2

010

Januar

y, 2

011

Mar

ch, 2

011

May

, 201

1

July

, 201

1100,000

120,000

140,000

160,000

180,000

200,000

220,000

240,000

260,000

Florida Online Job AdsSeasonally Adjusted

Online Ads

Source: The Conference Board, Help Wanted OnLine, prepared by the Florida Agency for Workforce Innovation, Labor Market Statistics Center.

Top Advertised Occupations for Florida--July 2011 Online AdsFlorida Total Ads 231,566 Registered Nurses 11,984 Retail Salespersons 7,551 1.First-Line Supervisors/Managers of Retail Sales Workers 5,761 2.Customer Service Representatives 5,599 3.Physical Therapists* 4,663 4.Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 4,209 5.Occupational Therapists* 3,911 6.Truck Drivers, Heavy and Tractor-Trailer 3,755 7.Computer Systems Analysts 3,715 8.Web Developers 3,633 9.Executive Secretaries and Administrative Assistants 3,372 10.First-Line Supervisors/Managers of Food Preparation and Serving Workers 3,248 11.Telemarketers 3,186 12.Medical and Health Services Managers* 3,125 13.Computer Support Specialists 2,904 14.Insurance Sales Agents 2,836 15.First-Line Supervisors/Managers of Office and Administrative Support Workers 2,676 16.Sales Representatives, Services, All Other 2,541 17.Occupational Therapist Assistants 2,513 172061Sales Agents, Financial Services 2,502

*Occupation requires at least a bachelor's degree

Help Wanted OnLineTM Internet Job (HWOL) Ads

Real-Time LMI Help-Wanted OnLineUnemployment vs. Labor Demand

Source: The Conference Board and the Florida Agency for Workforce Innovation, Labor Market Statistics Center, July 2011. 18

July

2007

July

2008

July

2009

July

2010

July

2011

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

150,000

170,000

190,000

210,000

230,000

250,000

270,000

290,000

UnemploymentHWOL Ads

Unemployment

Online Ads

Source: The Conference Board and the Florida Agency for Workforce Innovation, Labor Market Statistics Center, July 2011.

Real-Time LMI Help-Wanted OnLineEmployment vs. Labor Demand

Real-Time LMI Help-Wanted OnLineEmployment vs. Labor Demand

19

July

2007

July

2008

July

2009

July

2010

July

2011

6,700,000

6,900,000

7,100,000

7,300,000

7,500,000

7,700,000

7,900,000

8,100,000

150,000

170,000

190,000

210,000

230,000

250,000

270,000

290,000 Total Employment

HWOL Ads

Employment

Online Ads

Targeted Industry Clusters

Cleantech Life Sciences Infotech Aviation and Aerospace Homeland Security/Defense Financial/Professional Services

Strategic Areas of Emphasis Manufacturing Corporate Headquarters Emerging Technologies

Education and Training pay …2010 Annual Average

Unemployment Rate(Percent)

Median Earnings (Dollars)

Master’s degree

Bachelor’s degree

Associate degree

Some college, no degree

14.9

10.3

9.2

7.0

5.4

4.0

2.4

1.9

$23,088

$32,552

$37,024

$39,884

$53,976

$66,144

$83,720

$80,600

High-school graduate

Some high-school, no diploma

Professional degree

Doctoral degree

Notes: Unemployment and earnings for workers 25 and older, by educational attainment; earnings for full-time wage and salary workers. 2010 Weekly Median Earnings (multiplied by 52 weeks).

Sources: Bureau of Labor Statistics, Current Population Survey. May 2011.

FloridaAgency for Workforce Innovation

Labor Market Statistics Center

Caldwell BuildingMSC G-020

107 E. Madison StreetTallahassee, Florida 32399-4111

Phone (850) 245-7257

Rebecca RustRebecca.Rust@flaawi.com

www.floridajobs.orgwww.labormarketinfo.comfred.labormarketinfo.comwww.floridawages.com

http://www.whatpeopleareasking.com/index.shtm

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