Did You Get Your Copy of the Workforce Indicators Report?
The 2011/2012 Workforce Indicator’s Report is now available online. The report is a product of research between Orange County Business Council and the Orange County Workforce Investment Board, and examines the growth of industry and employment, salary and wage trends, demographic changes and the educational attainment of Orange County students. Download 2011 Report.
The report was publicly unveiled October 13 at the Workforce Development Conference, where Dr. Wallace Walrod presented the report’s key findings. Dr. Walrod focused this year’s report on job creation in a jobless recovery, and identified the most significant opportunities for economic growth and expansion. The report found that Orange County continues to deal with challenges including language acquisition, an achievement gap among ethnic groups, and a scarcity of homegrown S.T.E.M (Science, Technology, Engineering and Math) students.
Concentrating education, workforce and economic development programs to support key industry clusters will help accelerate employment growth and further economic recovery. These industry clusters, were identified as International Trade, Information Technology, Creativity and Cleantech, all of which are helping to drive employment growth, innovation and competitiveness within Orange County.
Some of the highlights included:
- In a decade’s time, almost 100,000 more residents left Orange County to move to other parts of the nation than have moved into the county.
- Orange County has the lowest unemployment rate of any metropolitan county in California, performing better than neighboring counties and the state, and has become the economic engine of the Southern California economy.
- After a decline in 2008, the number of tech-related degrees increased by 8.5% in 2009, accounting for roughly 18% of total undergraduate degrees granted. While STEM degrees are increasing steadily, the rate of increase is outpaced by the rate of Orange County employers’ need for even greater numbers of STEM workforce.
The conference also featured Dean Vogel, president of the California Teachers Association. OCBC President and CEO Lucy Dunn discussed with Vogel the critical challenges facing the education system in California. The discussion focused on how labor, business, government, educators, parents and administrators can work collaboratively. For more information Contact Dr. Wallace Walrod, Vice President of Economic Development and Research.