A look into employment in west
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Transcript of A look into employment in west
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Employment in Westthe untold…
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Background In a bid to understand the social well being of the employed in US we would like to explore insights into labor market.
To acquire insights into this market we conducted a labor market assessment of the Northern Central States.
Data of 6366 employees in 2014 from the US Bureau of Labor Statistics was used to seek various influencers of the market
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Research objectivesTo determine,
Assess distribution of race, gender, state and average working hours.
Job & earnings distribution among different;o Raceso Stateso Gender Years in education versus o average earningso Job acquisition o Race & Gender
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Summary of research designMethodology Secondary data
Sampling Random
Sample 6366
Review & Analysis QuantitativeTiming March 2014Area of Study North-Central States, USA
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Findings
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State, race, gender & hours workedUsual Hours Worked
Mean 42.16831Median 40Deviation 13.27372Skewness -0.70181Minimum 0Maximum 144Count 6366
White; 88%
Black; 9%AsianP1; 2% IndEsk; 1%
Race
White Black AsianP1 IndEsk
States; 32%
States; 25%States;
23%
States; 10%
States; 9%States
Illinois Ohio MichiganWisconsin Indiana
59%
41%
Gender Balance
Male Female
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Yearly earnings’ distributions
90%
7% 2% 1%
Race
White Black AsianPI IndEsk
30%
70%
Gender
Female Male
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Yearly earnings’ distributions
State; 32%
State; 26%
State; 24%
State; 9%
State; 8%
State
Illinois Ohio MichiganWisconsin Indiana
32%
25%
24%
10%
9%
Sum of Usual Hours Worked
Illinois Ohio MichiganWisconsin Indiana
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Race distribution across states
States
Race Illinois Indiana Michigan Ohio Wisconsin
White 27.36% 8.78% 20.19% 22.46% 9.33%
Black 4.05% 0.49% 2.56% 1.99% 0.36%
AsianPI 0.86% 0.02% 0.44% 0.38% 0.13%
IndEsk 0.14% 0.11% 0.20% 0.06% 0.08%
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Race and years in education
12 yrs
13 yrs
14 yrs
16 yrs
18 yrs
31.62%
20.30%
3.05%
17.15%
8.80%
Years in education
White IndEsk Black AsianPI
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Gender and years in education
41%
59%
Proportion of Education
Female Male
Sum of Education (yrs)
Female 13.517Male 13.471
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Relationships
Usual Hours
WorkedEducation
(yrs.) Yearly Earnings
Usual Hours Worked 1
Education (yrs.) 0.093 1
Yearly Earnings 0.124 0.368 1
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ConclusionsAverage working hours at 42.2 hours are slightly above the normal 40 hours a week.
Years spent in gaining extra skills though education programmes pays. Most employees who have spent many yrs. In education earn more. This is seen as there is a high positive correlation between years in education & yearly earnings
There is a high poverty index and expected high crime rate among Blacks, Asians & IndEsk. They are lowly represented in the US job market. This translates to poor social economic status among them.
High dependency ratio is expected among women who are under represented as well.
Inter state migration is foreseen as people will tend to move to states with high employment rates.