the perfect storm community service council of greater tulsa - october 2007

The Perfect Storm

Community Service Council of Greater Tulsa - October 2007

Understanding the Perfect Storm

A huge wave of change is coming.

What are the forces, and their sources?

How are these forces interacting, creating challenges as never before?

What will be the likely aftermath?

What must be done to prevent this Perfect Storm from overwhelming our community and our work?

Before we act, how must we best think?

Our Findings…

Community Service Council of Greater Tulsa

Shift Happens!*$%#

8 Sources of the Perfect Storm

The “Big Four”:

Lack of opportunity for mass employment with living wage for unskilled/low-skilled persons

Growing workforce shortage

Rapid aging of the population

Growing challenges to healthy lifestyles and access to quality health care


8 Sources of the Perfect Storm

The Next Four:

Continued growing immigration

Growing challenges to American culture

Changing environmental conditions

Uncertainty of future energy supply


The Perfect Storm

Overlying Forces:

Critical demographic trends

Advances in technology

Impact of globalization

Resources and thinking available to invest in new directions


The Perfect Storm…First Look

Labor Force


Major Indicators

More Than Half the Population Over Age 16 Is Employed


The Unemployment Rate Is Down From Its Most Recent Peaks

Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007


From the Onset of the Recession to the End of 2006, Labor Force Participation Rates Were Down, Except Among Older Workers



The Percentage of the Population that is Employed Has Trended Up Since September 2003



By the End of 2006, Nonfarm Payroll Employment Had Risen by 7.3 Million Since Its Recent Low in August 2003



Employment Rose in Most Industries from August 2003 to December 2006



Manufacturing Employment Has Edged Down Since 2004, Following 3 Years of Sharp Declines



Total Nonfarm Employment Continued to Rise Across Most of the Nation in 2006



Labor Productivity Began to Accelerate in the Mid-1990s, Led by Gains in Manufacturing



Six of the 10 Industries Projected to Grow the Fastest Are Health Related and One Is Computer Related



Seven of the 10 Occupations Projected to Grow the Fastest Are Health Related and Three Are Computer Related



Education

The Educational Attainment of the Labor Force Has Improved Over Time



The Higher the Education, the Lower the Unemployment Rate



Regardless of Race or Hispanic Ethnicity, Unemployment Rates Generally Decline With Higher Levels of Education



Education Pays



Education Pays for Everyone, Regardless of Race or Hispanic Ethnicity



Real Median Weekly Earning for College Graduates Have Trended Up Over Time



Employment Relationships

Fewer Than 2 in 10 Employed Persons Work Part Time; Fewer Than 1 in 10 Workers Is Self-Employed



About 1 in 20 Workers Has More Than One Job



Declining Proportions of Men Have Worked for Their Current Employer for 10 Years or Longer



Rising Proportions of Women Ages 40 to 54 Have Worked for Their Current Employer for 10 Years or Longer



Union Membership Has Declined Over Time



Race and Hispanic Ethnicity

Selected Labor Force Characteristics of Black or African Americans



Selected Labor Force Characteristics of Hispanics or Latinos



Selected Labor Force Characteristics of Asians



Blacks Are Less Likely to Participate in the Work Force Than Whites, Asians, or Hispanics



Unemployment Rates for Blacks and Hispanics Have Remained Consistently Higher Than the Rate for Whites



Earnings of Blacks and Hispanics Are Lower Than Those of Asians and Whites



After Rising for Several Decades, the Labor Force Participation Rate for Women Has Shown No Growth in Recent Years



Women’s Labor Force Participation Patterns Are Now More Like Those of Men



Unemployment Rates for Adult Men and Women Have Stayed Quite Close Since the Early 1980s



Women Continue To Be More Likely Than Men to Work Part Time



Year-round, Full Time Work Has Trended Up



Women Are Concentrated in Management, Professional, Sales, and Office Occupations



Women’s Earnings Have Increased Substantially As A Percent of Men’s



The Change in Real Earnings Since 1979 Has Been More Favorable for Women Than for Men At All Levels of Education



The Women’s to Men’s Earnings Ratio Has Increased for Most Major Age Groups



Families

The Proportion of All Families Maintained by Men or by Women With No Spouse Present Has Grown Substantially



Most Families Have An Employed Member



Labor Force Participation Rates Have Increased Dramatically Among Mothers Over the Past 31 Years



Black Mothers Have the Highest Labor Force Participation Rates



In 2005, Working Wives Contributed a Little More Than a Third of Their Families’ Income



Nine Out of 10 Children Live With An Employed Parent



In 2005, Families Allocated About One-Third of Their Total Spending to Housing and About One-Fifth to Transportation



Single-Parent Families Allocated More of Their Expenditure Dollar to Basic Items—Food and Housing—Than Did Married Couple Families in 2005



On Weekdays That They Worked, Employed Persons With Children Spent Two-thirds of an Average Day Working and Sleeping



Global Profile 2007

…is available on our website:

www.csctulsa.org

Prepared By the Community Service Council of Greater Tulsa

October, 2007

This is part of a series of Perfect Stormpresentations and reports created by the

Community Service Council of Greater Tulsa16 East 16th Street, Suite 202 . Tulsa, Oklahoma 74119 . 918-585-5551

www.csctulsa.org

the perfect storm community service council of greater tulsa - october 2007

Documents

labor market

perfect storm overlying

recent peaks source

mass employment

employment rose

manufacturing employment

older workers source

total nonfarm employment