Labour Force Analysis- March 2014 Presentation

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Information about Labour Force Analysis- March 2014 Presentation

Published on March 13, 2014

Author: hpackard


Labour Force Analysis of Selected Neighbouring Communities: Labour Force Analysis of Selected Neighbouring Communities Report Summary & Key Findings Rhys Chouinard Economic Analyst Economic Development March 12 th , 2014 Project Background: Project Background A Historical Perspective Background: Background Oct 2013: Property Tax Calculator Demo presented to EDAB Action requested: study employment force characteristics of surrounding communities Joan said “get analyzing, nerd” Communities Studied + Reason: (Tax Calculator Comparators): Communities Studied + Reason: (Tax Calculator Comparators) Edmonton : due to its importance to St. Albert’s population, and close proximity Spruce Grove : geographic proximity Beaumont : cultural similarity St. Albert : reference population Analysis Summary: Analysis Summary Key Findings, and Potential Uses Alberta’s Employment Force: Alberta’s Employment Force Alberta’s Employment Force: 10 Years: Alberta’s Employment Force: 10 Years Stable: Health Care Fastest Growing: Forestry, Fishing, Quarrying, Oil and gas: 5.3% average annual Edmonton’s Employment Force: Edmonton’s Employment Force Edmonton’s Employment Force: 10 Years: Edmonton’s Employment Force: 10 Years Fastest Growing: Construction, 5.9% Top 3 = 40% total NAICS Grouping for Regional Labour Forces: NAICS Grouping for Regional Labour Forces Sub-Sector Names Ag, For, Mine, Oil/Gas, Utilities Construction Manufacturing Retail/Wholesale Finance/insurance/real estate Health care, social assistance Educational services Trans, info, arts, accom , admin, etc Prof/ sci /tech, other, public admin St. Albert’s Labour Force: 2006, 2011: St. Albert’s Labour Force: 2006, 2011 Heavier reliance (than Edm ) on other & business services Less reliant on construction, health care & social assistance St. Albert’s Labour Force Change 2006-2011: St. Albert’s Labour Force Change 2006-2011 Resource-based : fastest growing in Alberta, shrinking in St. Albert ! Could be a hint as to why other communities are growing faster- capturing in-migration coming to Alberta for work Spruce Grove’s Labour Force: 2006, 2011: Spruce Grove’s Labour Force: 2006, 2011 Spruce Groves’ Labour Force, 2006-2011: Spruce Groves’ Labour Force, 2006-2011 Top 5 industries experienced more growth than any of St. Albert’s industries Beaumont’s Labour Force: 2006, 2011: Beaumont’s Labour Force: 2006, 2011 Top 5 industries in Beaumont same as top 5 in St. Albert, Spruce Grove Beaumont’s Labour Force, 2006-2011: Beaumont’s Labour Force, 2006-2011 2011: Spruce Grove’s LF 40% size of St. Albert’s, Beaumont’s was 20% the size of St. Albert’s Average Annual Growth: Average Annual Growth Community Population (%) Labour Force (%) Edmonton (city) 2.24 1.45 St. Albert 1.30 0.76 Spruce Grove 6.85 6.59 Beaumont 9.65 8.10 It may be easier for smaller communities to grow, but we are still lagging behind overall… Wake up, this one is key!: Wake up, this one is key! Potential St. Albert Growth Scenarios: Potential St. Albert Growth Scenarios Goal Industries to Grow Capture resident “outflow”, promote home-grown job base Trade, business services, health care & social assistance, manufacturing, agriculture & resource based Capture workers who are moving to Alberta for employment Business services, construction, manufacturing, agriculture & resource based Maximize benefits of expanding Alberta economy (fast growth) Forestry, fishing, mining, quarrying, and oil & gas, professional, scientific, & technical services, health care & social assistance, construction, trade Emphasize diversity as primary characteristic of work-force, but capitalize on Edmonton growth Construction, manufacturing, and possibly agriculture & resource based industries Advanced Analysis: Advanced Analysis Correlation Search in Edmonton Data Advanced Market Intelligence: Edmonton Data Correlation Study: Advanced Market Intelligence: Edmonton Data Correlation Study Goal: determine if Edmonton employment industries have strong relations (as one goes up, so does the other) Why? Predictive power. Proper planning. Efficient investing. Market Intelligence. Other big words. Data Analytics Cliff Notes for Correlation Study: Cliff Notes for Correlation Study When one of these industries grows, so does the other! Very strong, reliable statistics. Possible Uses of Correlation Data, Potential Future Studies: Possible Uses of Correlation Data, Potential Future Studies Correlation data: maximize marketing efficiency, increase return on investment Foresee potential industry downturns Predict possible market upswings (invest) Potential Future Analysis Stability study (“ safe ” industries) Alberta correlation study Migrant market capture analysis Correlation search: income data vs employment The End….: The End…. Study stuff Write report ???? Profit Bonus Slides: Bonus Slides They Aren’t Exciting Data Source: Statistics Canada: Data Source: Statistics Canada Alberta, Edmonton Alberta: Table 282-0088 Labour force survey estimates, Employment by NAICS, seasonally adjusted, monthly (persons x 1,000 ) Edmonton : Table 282-0060 Labour force survey estimates, Employment by NAICS, 3-month moving average, unadjusted for seasonality, monthly (persons x 1,000 ) St. Albert, Spruce Grove, Beaumont 2006 Community Profiles, 2011 National Household Survey General Data: Municipal Census( es ) Alberta vs Edmonton Service/Goods: Alberta vs Edmonton Service/Goods How to write sexy reports:: How to write sexy reports: Custom LaTex template (typesetting program) Handles all formatting Allows for quick, professional looking documents There is a steep learning curve

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