For this post we’ve opted just to share a few charts and graphs we’ve come across recently. They probably won’t directly solve job search or recruiting problems but they might give insight to determine best solution-path. At the very least we hope they provide some perspective and insight into the job market.
- Job Losses & Gains – A few years ago as the great recession was winding down someone put together a great chart that showed the significant job losses the U.S. experienced from 2007 – 2010. To say a picture was worth a thousand words is to say the Grand Canyon is a just a gash in the ground. Fast forward a few years and our friends at Theory Into Practice (TIP) Strategies have put together an even more comprehensive map. One that shows both job loss AND job gain. Since 1999. And it’s fascinating. Blue is good, that’s jobs gained. Orange is bad, that’s jobs lost. Check it out.
- Job Salaries by State – There are many of these salary exploration tools around but I like this one because it’s easy to use. Want to know what a specific job in a general occupational field in any state pays? Select a state and mouse-around the graph to find out. Each box represents the relative size of the labor pool working in that occupation. And if you just want to see which jobs really pay, slide the dot on the income salary bar around to find out.
- Under-Employment – Unemployment rate is a standard indicator of economic stability. But as that improves (gets lower) the conversation tends to focus on the under-employment rate. Generally you want just enough skilled workers to fill all the skilled jobs. Underemployment means there are more skilled workers than there are jobs for them so they have to work at jobs that require less skill than they possess and thereby earn less than they otherwise could. For example, in this graph you’ll see that Austin has a ton of skilled labor but not enough jobs for all those people, whereas Odessa has a ton of skilled jobs but not enough people to fill them. And why does this matter? Because part of what the public workforce system does is connect skilled labor with skilled demand. Charts like this help us better understand local situations.
- WorkInTexas.com Job Seeker Supply – We often get questions (usually from employers) about what job seeker skill sets are available in what parts of the state. This information is very helpful to companies looking to open new or expand existing operations. This is another topic for which there are many tools, but years ago we developed some very simple pie charts to help graphically show the labor pool the Texas workforce system has available to it through WorkInTexas.com. Have a look.