Ms. Lorraine OkadaExecutive Manager, Carlsmith Ball, LLP

Labor Issues in the New Economy

The New Economy• Visitor Industry• Federal / Military• Construction Industry• Service Industry• Technology• Migrant Workers• Global Competition• World Wide Web• Digital Economy• Sustainable Economy

Visitor Industry

Visitor Industry

• Arrivals from Russia 448.3%.• Arrivals from China increased by 32.4 %• GVB forecast 8 to 10 % increase in total visitor arrivals

Labor Market

• Employment Trends• Unemployment Trends

Employment Projections

1970

1972

1974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

2012

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

69400

7804083040

Employment Projections to 2012

Employment Trend

1970

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00

10000

20000

30000

40000

50000

60000

70000

80000

69400 67900

56140

6260061990

Employment 1970 - 2011

20111992 2010

Unemployment Trend

0

2

4

6

8

10

12

14

16

18

2000

2001

2011

2009

2007

2006

2005

2004

2002

Economic Uncertainty

• UNCERTAINTY ABOUT BUILD-UP• GUAM JOB COUNT DOWN, UNEMPLOYMENT UP• GUAM TOURISM DOWN, BUT SOME MARKETS

GROWING• JAPAN IS GETTING BACK ON THEIR FEET FASTER

THAN WE IMAGINED

Workforce Challenges• Unemployment• Education• Skills• Work Values• Brain Drain• Pay Equity• Migrant Workers• Diversity• Technology• Digital Divide• Social Media• World Wide Web

Opportunities

• Education = Employment = Economic Opportunities• Workforce Development Partnerships: Private and

Public• NDAA: Hire Local and the Region• Entrepreneurs are surging• Build a strong regional workforce = strong regional

economy

Workforce Development Resources

• Career & Technical Education Programs• Workforce Investment Act - AHRD• Scholarship Programs• Manpower Development• Apprenticeship Programs• Guam Trades Academy• Guam Community College• University of Guam