Jeffrey talks to Luke Bunge, Economic Analyst, DTMB – Bureau of Labor Market Information and Strategic Initiatives in the MBN studios at 617 Seymour. They discuss The Capital Area Michigan Works (CAMWA) success story! Luke gives an overview of the capital area labor market along with other insights. They discuss how the unemployment rate is constantly going down in the Lansing area, as well as how the labor market is growing. The pair also discuss the top 3 industries in the Greater Lansing area currently!
In the interview they review:
• Regional population growth outpaces Michigan between 2009 and 2015.
o Demographic trends
• Overall unemployment rate, labor force and employment levels
o Lower than state and nation
o Positive over last year
o While unemployment rate now around prerecession levels, labor force nd employment levels still lag.
• Industry job levels are continuing to rise over the year and after the Great Recession; they have just surpassed pre-recessionary levels.
o Again lag behind 2000 levels
o Top growing industries
• Projection of job growth
o Slightly lower than statewide average
o Top three growing occupational categories
o Top three occupational categories based on annual openings
o Occupational growth most present in occupations that require more than a HS diploma.
High-demand, high wage careers present opportunities for both moderate OJT-associate degree and bachelor’s and above.
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