Post on 25-Dec-2015
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
Community Service Council of Greater Tulsa
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
Community Service Council of Greater Tulsa
The Perfect Storm
Overlying Forces:
Critical demographic trends
Advances in technology
Impact of globalization
Resources and thinking available to invest in new directions
Community Service Council of Greater Tulsa
The Perfect Storm…First Look
Labor Force
Community Service Council of Greater Tulsa
Major Indicators
More Than Half the Population Over Age 16 Is Employed
Community Service Council of Greater Tulsa
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
Community Service Council of Greater Tulsa
From the Onset of the Recession to the End of 2006, Labor Force Participation Rates Were Down, Except Among Older Workers
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
The Percentage of the Population that is Employed Has Trended Up Since September 2003
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
By the End of 2006, Nonfarm Payroll Employment Had Risen by 7.3 Million Since Its Recent Low in August 2003
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Employment Rose in Most Industries from August 2003 to December 2006
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Manufacturing Employment Has Edged Down Since 2004, Following 3 Years of Sharp Declines
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Total Nonfarm Employment Continued to Rise Across Most of the Nation in 2006
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Labor Productivity Began to Accelerate in the Mid-1990s, Led by Gains in Manufacturing
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Six of the 10 Industries Projected to Grow the Fastest Are Health Related and One Is Computer Related
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Seven of the 10 Occupations Projected to Grow the Fastest Are Health Related and Three Are Computer Related
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Education
The Educational Attainment of the Labor Force Has Improved Over Time
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
The Higher the Education, the Lower the Unemployment Rate
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Regardless of Race or Hispanic Ethnicity, Unemployment Rates Generally Decline With Higher Levels of Education
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Education Pays
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Education Pays for Everyone, Regardless of Race or Hispanic Ethnicity
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Real Median Weekly Earning for College Graduates Have Trended Up Over Time
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Employment Relationships
Fewer Than 2 in 10 Employed Persons Work Part Time; Fewer Than 1 in 10 Workers Is Self-Employed
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
About 1 in 20 Workers Has More Than One Job
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Declining Proportions of Men Have Worked for Their Current Employer for 10 Years or Longer
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Rising Proportions of Women Ages 40 to 54 Have Worked for Their Current Employer for 10 Years or Longer
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Union Membership Has Declined Over Time
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Race and Hispanic Ethnicity
Selected Labor Force Characteristics of Black or African Americans
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Selected Labor Force Characteristics of Hispanics or Latinos
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Selected Labor Force Characteristics of Asians
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Blacks Are Less Likely to Participate in the Work Force Than Whites, Asians, or Hispanics
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Unemployment Rates for Blacks and Hispanics Have Remained Consistently Higher Than the Rate for Whites
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Earnings of Blacks and Hispanics Are Lower Than Those of Asians and Whites
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Women
After Rising for Several Decades, the Labor Force Participation Rate for Women Has Shown No Growth in Recent Years
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Women’s Labor Force Participation Patterns Are Now More Like Those of Men
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Unemployment Rates for Adult Men and Women Have Stayed Quite Close Since the Early 1980s
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Women Continue To Be More Likely Than Men to Work Part Time
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Year-round, Full Time Work Has Trended Up
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Women Are Concentrated in Management, Professional, Sales, and Office Occupations
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Women’s Earnings Have Increased Substantially As A Percent of Men’s
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
The Change in Real Earnings Since 1979 Has Been More Favorable for Women Than for Men At All Levels of Education
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
The Women’s to Men’s Earnings Ratio Has Increased for Most Major Age Groups
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Families
The Proportion of All Families Maintained by Men or by Women With No Spouse Present Has Grown Substantially
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Most Families Have An Employed Member
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Labor Force Participation Rates Have Increased Dramatically Among Mothers Over the Past 31 Years
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Black Mothers Have the Highest Labor Force Participation Rates
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
In 2005, Working Wives Contributed a Little More Than a Third of Their Families’ Income
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Nine Out of 10 Children Live With An Employed Parent
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
In 2005, Families Allocated About One-Third of Their Total Spending to Housing and About One-Fifth to Transportation
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
Single-Parent Families Allocated More of Their Expenditure Dollar to Basic Items—Food and Housing—Than Did Married Couple Families in 2005
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
On Weekdays That They Worked, Employed Persons With Children Spent Two-thirds of an Average Day Working and Sleeping
Source: Charting the U.S. labor market in 2006, U.S. Department of Labor Bureau of Labor Statistics, August 2007
Community Service Council of Greater Tulsa
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