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June 2016 NewsWIB Labor Market Information
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How technology is changing manufacturing
Changing the perception of job seekers and the general public about manufacturing jobs has been an ongoing struggle. Knowing the facts about today's manufacturing environments, position descriptions and salaries may be the keys to more job seekers taking advantage of manufacturing careers. No longer are manufacturing facilities reflective of the industrial revolution.
They are high tech, high efficiency and high productivity.
The information below was published in an article titled "How technology is changing manufacturing," written by Daniel M. West for the Brookings Institute and confirms the positive changes in manufacturing made possible through technology.
"U.S. manufacturing has seen tough times over the past few decades. Employment in that sector has dropped from around 14 percent of the U.S. workforce in 1996 to almost 8 percent now. Many jobs have shifted overseas as employers seek low-cost labor and nations with fewer safety and environmental regulations.
But in recent years, the outlook has turned more bullish. There has been a resurgence in American manufacturing. After reaching a low point of 11.5 million jobs in 2010, manufacturing employment increased to around 12.3 million in 2016...manufacturing output has achieved a record high in the most recent quarter. Workers now are producing 47 percent more than 20 years ago. Through the development of automation, robotics, and advanced manufacturing, the sector has bounced back along with the overall economy.
Technology is one of the reasons for this resurgence. We are seeing the rise of automation and robotics in many sectors. Some restaurants now are using robots to deliver food and are deploying self-ordering kiosks for customers. There are driverless cars in California, Washington, and Texas. Amazon now has around 15,000 robots who work along its 50,000 humans."
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Ohio, Hamilton County, Cincinnati
and Cincinnati MSA
Current Employment and Unemployment Data
The following labor market information was updated at the end of April 2016. All employment and unemployment figures are "seasonally adjusted."
- Ohio's unemployment rate = 5.2%
- Ohio's employed = 5,515,000
- Ohio's unemployed = 302,000
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- Hamilton County's unemployment rate = 4.2%
- Hamilton County's employed = 389,200
- Hamilton County's unemployed = 17,200
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- Cincinnati MSA's unemployment rate = 4.2%
- Cincinnati MSA's employed = 1,035,800
- Cincinnati MSA's unemployed = 45,000
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- City of Cincinnati's unemployment rate = 4.6%
- City of Cincinnati's employed = 136,900
- City of Cincinnati's unemployed = 6,600
Additional information at www.ohiolmi.com.
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National LMI Updates for May 2016
reported June 3, 2016
Employment
The U.S. unemployment rate dropped to 4.7 percent for May 2016. Total non-farm payroll employment rose by 38,000. The greatest job gains occurred in healthcare.
- Healthcare added 46,000 jobs, with increases in ambulatory healthcare services (24,000), hospitals (17,000) and nursing care facilities (5000).
- Employment is other major industries, including construction, wholesale trade, retail trade, transportation and warehousing, financial activities leisure and hospitality, and government changed little over the month of May.
May 2016 average hourly earnings for all employees on private nonfarm payrolls increased by 5 cents to $25.59. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was 33.6 hours.
Unemployment
- The number of unemployed persons in May 2016 declined by 484,000 to 7.4 million.
- The number of long-term unemployed (those jobless for 27 weeks or more) declined by 178,000 to 1.9 million in May 2016 and accounted for 25.1 percent of the unemployed.
- Among the major worker groups, the unemployment rates most categories saw a decline - for adult men (4.3 percent), adult women (4.2 percent), teenagers (16.0 percent), Whites (4.1 percent), Blacks (8.2 percent), Hispanics (5.6 percent). Asians increased to 4.1 percent.
Visit the Bureau of Labor Statistics Employment Summary
U.S. Department of Labor for more information.
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The Value of Credentials
Credentials in the workplace have become more and more important to employers. Credentials validate workplace skills by:
- Raising the standard of practice and level of professionalism of credentialed practitioners.
- Enhancing the reputation and public perception of the credentialed professions.
- Empowering worker mobility through portable, globally recognized credentials.
The Value of Credentials for Disadvantaged Workers, a study completed
by Aspen Institute in 2015, reported these key findings:
- Well-designed, sector-focused training programs significantly benefit many low-income workers by providing training and support, especially helping those who might not otherwise earn credentials to do so.
- Obtaining the types of credentials available to sample members - whether a certificate of completion from a well-regarded training organization, or an industry recognized credential boosts the earnings of low-income job seekers.
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YOUR FEEDBACK IS WELCOMED!
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Top Job Titles
in Hamilton County
30,823 Unique Job Postings
(April 2016)
- Heavy and Tractor Trailer Truck Drivers
- Registered Nurses
- First Line Supervisors of Retail Sales
- Retail Salespersons
- CSR's
- Software Developers
- Accountants
- Sales Managers
- Marketing Managers
- Sales Managers
EMSI 2016
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Top Companies
Hiring in
Hamilton County
(April 2016)
- Fifth Third Bank
- The University of Cincinnati
- UC Healthcare Inc.
- Robert Half International
- General Electric
- Oracle Corporation
- Cincinnati Children's Hospital Medical Center
- PNC Financial Services Group
- TriHealth, Inc.
- Mercy Health System
EMSI 2016
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10 Year
(2012-2022)
Projected Healthcare Worker Shortages
in Ohio
- Hospitals
- Ambulatory healthcare services
- Medical and diagnostic laboratories
- Offices of other health practitioners
- Offices of physicians
- Nursing care facilities
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Top Ten Credentials Required by Employers
in Hamilton County
- Driver's License
- Certified Registered Nurse
- Commercial Driver's License
- Certification in Pulmonary Resuscitation
- HAZMAT
- Certified Public Accountant
- Occupation Health and Safety Administration
- Continuing Education
- Basic Life Support
- FINRA/NASD Series 6
Wanted Analytics 2016
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Unemployment Rates in Surrounding Ohio Counties
(April 2016)
Adams - 7.2%
Brown - 5.6%
Butler - 4.3%
Clermont - 4.2%
Hamilton - 4.2%
Montgomery - 4.7%
Warren - 3.9%
OhioLMI.com
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