mchenry county's workforce
DESCRIPTION
Presentation given to McHenry County July 2008 by Kristin Wolff, Corporation for a Skilled WokforceTRANSCRIPT
State of the Workforce: McHenry CountyCorporation for a Skilled WorkforceJuly 2008
1Monday, July 21, 2008
Project GoalsIdentifying economic, workforce, educational trends
Providing a foundation for planning and investment
Setting shared priorities
Inspiring engagement
2Monday, July 21, 2008
About the data
Comparison regions
Sources
County findings vs. community-level findings
Trends vs. data points
Qualitative verification
3Monday, July 21, 2008
What we looked at
Population & workforce
Economic and social well-being
Industry and employment
Occupations and skills
4Monday, July 21, 2008
What we found
5Monday, July 21, 2008
More people
6Monday, July 21, 2008
Different kindsof people
Older
More diverse
More likely to be working
7Monday, July 21, 2008
More people working
8Monday, July 21, 2008
Educational Attainment, Economic & Social Well-being
9Monday, July 21, 2008
Educational attainment is a key asset
10Monday, July 21, 2008
...but demands vigilance
11Monday, July 21, 2008
Income & Earnings*: A Mixed Picture
Median household income = $71,175 (higher than all but 3 other counties in the state, higher than US, IL)
Per capita income = $37,720 (higher than US, lower than IL)
Income growth = 13.1% (lower than US and Lower than IL)
Unemployment rate = 4.3% (lower than neighbors, IL, US)
Poverty 4.6%, but 17% for Hispanics
* 2000 - 2006
12Monday, July 21, 2008
Housing: Affordability is now a real issue
Median value of owned home = $252,700(far higher than IL or US, 4th highest in metro region)
13Monday, July 21, 2008
Commuting as norm
In 2003, about half of McHenry County residents left the county for work each day. Today, the share is closer to 2/3.
14Monday, July 21, 2008
Industry & Employment
15Monday, July 21, 2008
Where are the jobs?
$57,248$27,589
$47,011$57,393$45,187
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Trend to Watch: Aging Healthcare Workforce
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Trend to Watch:Aging Manufacturing Workforce
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Projected Industry Growth
19Monday, July 21, 2008
What’s a key industry?
20Monday, July 21, 2008
McHenry County’s Key Industries
21Monday, July 21, 2008
Key occupations,skills & trends
Sales, Administrative Support & Production account for two of every five jobs in the county
Wages in McHenry County are significantly lower than those in surrounding counties for the same jobs.
Skill requirements for current and future jobs are the rise, especially science, technology, engineering, and math (STEM) skills.
22Monday, July 21, 2008
Wages
23Monday, July 21, 2008
Projected Job Growth (across industries)
24Monday, July 21, 2008
Key Occupations
Wow! A lot of new jobs are tech-related!
People interested in
building careers in healthcare will have
some great options!
These jobs require significant
educational credentials...
Good jobs in manufacturing and the trades will be there, but require top-notch skills.
25Monday, July 21, 2008
FindingsEnsuring that younger (and more diverse workers) have access to high-quality educational, work and learning opportunities could help the county cultivate its most competitive asset - its talent.
Improving job quality (and wages) could help significantly improve residents’ quality of life.
Engaging select manufacturers around a competitiveness agenda could help generate intelligence, accelerate growth, mitigate job loss, and improve the county’s overall business climate.
Developing cross-agency, cross-jurisdictional data collection and intelligence sharing efforts could help align stakeholders’ investments, improving their effectiveness.
26Monday, July 21, 2008
Thank you!
Kristin Wolff,Director of Community InitiativesCorporation for a Skilled [email protected]
27Monday, July 21, 2008