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Oklahoma’s Ecosystems:
               Accelerating the Growth of the
                  State’s Economic Prosperity

               Presented by:
              Deidre D. Myers
Research, Economic Analysis & Policy Services
Economic Measures

 Employment
 Unemployment
 Labor Force
 Participation
  Gender
  Age
  Income
  Education
Month-over-Month Employment
                                                        Manufacturing         All Other Employment
                           14

                           12

                           10

                            8

                            6
Employment, in thousands




                            4

                            2

                            0

                            -2

                            -4

                            -6

                            -8

                           -10




                                 Source: BLS, Current Employment Statistics
Year-over-Year Growth by State
4.0%


3.5%

                                   7 states had no employment growth or employment loss.
3.0%


2.5%


2.0%


1.5%


1.0%


0.5%


0.0%
         WA




         TN

          LA
          TX




         WI
         OK




         GA


         OH

          KY
         CO




         OR
          KS




           RI
         UT




          IN




         CA
         NC




          VT

         VA




         AK
         AR
         ND

          AZ




          ID
          SC

          HI




         NV




         NY




           IA


          FL
            IL




          AL




          SD
         MT




         MN




         MA




          NJ




         PA

         NE
         MO




         MD




         MI
         DE


         MS
       Source: BLS, Current Employment Statistics (December 2011 to December 2012)
Year-over-Year Manufacturing Growth
5.0%


                                                               20 states had no manufacturing growth or loss

4.0%




3.0%




2.0%




1.0%




0.0%
       SD HI WA TN OK IN ID IA CO MI OR UT GA IL KS AZ OH SC MS WI NC RI NM NE PA MN TX KY MO FL ND

          Source: BLS, Current Employment Statistics (December 2011 to December 2012)
Unemployment Rate by State




Source: BLS, LAUS
County Unemployment Rates
Unemployment Rates by Cohort
35.0

30.0

25.0

20.0

15.0

10.0

 5.0

  -
Year-over-Year Labor Force Growth
7%

6%
               Oklahoma has the 27th largest population, but is ranked #9 in net workforce growth.
5%

4%

3%

2%

1%

0%

-1%

-2%

-3%
      NC




      NM
       NE




      NH
       NJ
      ND
       NY
       TX




        RI




      CO




       TN




      NV
       VA

       AZ

       CA




       AK

       AR




        HI
      MN




       VT
       DC


      OK




       LA

      MD




      MA




       DE

      ME




      OH
      MT




      WV

       AL


      WA

      MS
      MO




      OR

       CT
       MI
       WI




      WY




       IN
       UT




        FL




        ID




        IA
       PA



      GA




         IL




       SC

       SD
       KY




       KS
      Source: BLS, LAUS
Labor Force Participation Rate
                                                    Labor Force by Demographic
                                        Labor Force Participation Rate   Population Employment


100%

90%
                                                                                                   88%
80%                                                                                                      85%

70%     73%                                 73%
              70%                                 70%
                                                                           67%         65%
60%                                                                              63%
                    57%                                                                      58%               57%
50%                                                     55%                                                          54%
                          52%                                 52%

40%

30%

20%

10%

  0%
         OK male OK female                 White male     White           Black male    Black      Hispanic    Hispanic
                                                         female                        female       male       female
Source: CPS, rolling average December 2011 through November 2012
OK Median Age by County
OK Median Household Income
OK Households in Poverty
Participation by Education
                           Not in Labor Force               Employed               Unemployed

   Bachelor's Degree and                                                                          74.2%
                                        171.0                                                      LFPR
          higher



    Associate's Degree or                                                                             66.4%
                                           235.2                                                       LFPR
         Certificate



     High School Diploma                        334.8


                                                                                                              60.0%
                                                                                                               LFPR
                                                                   43.4%
    Less than High School             142.4
                                                                    LFPR



                                0        100        200       300          400      500   600   700       800         900
                                                                           In thousands


Source: CPS, rolling average December 2011 through November 2012
Bachelor’s Degree or Higher
Less than a High School Degree
OK’s Educational Gap for New Jobs
           High School Degree and less                                      Some college/Vocational/Associate's Degree
           Bachelor's Degree                                                Post Bachelor's Degree




OK New Jobs'
                              22.9                                       48.9                            23.7             4.5
Requirements




  2010 OK
 Educational                                45.8                                      31.3                  15.4         7.5
 Attainment




                 0%         10%          20%         30%         40%         50%     60%      70%     80%          90%         100%




    New Jobs defined as those jobs projected to be created between 2010 and 2020.
    Source: 2010 ACS; EMSI Complete Employment - 2011.4
Goals


 Prioritize Resources
 Align Policies
 Maximize Outcomes
 Require
  Accountability
Methodology
         Sales Revenue
         Export Share
         Wages              Wealth
                           Generation
                                           Location Quotient
                                              Physical Assets
                                                  Workforce

                Growth             Competitive
               Potential            Advantage
New Markets
Industry Trends
Number of Establishments
Process

                      Step 5. Tested conclusions against
                            macro economic data

                Step 4. Aggregated findings to ecosystems that
                        share economic characteristics

           Step 3. Analyzed qualitative data including OK’s physical
                assets, R&D expertise and workforce strengths

     Step 2. Identified those industries that ranked highest in each and all
                               of the 3 categories

Step 1. Analyzed quantitative variables for wealth generation, growth potential
                and competitive advantage for 669 industries
Outcome
                       Wealth
                      Generation




669 Industries
72 variables           Growth
                                    ECOSYSTEMS:
                                    The economic
48,168 data points    Potential
                                    drivers of OK




                      Competitive
                       Advantage
Ecosystems
                                                       Agriculture &               Information &
Aerospace &                                                                                              Transportation
                               Energy                                                 Financial
  Defense                                               Biosciences                                      & Distribution
                                                                                      Services

     Parts &                                                                                                Air, Rail, Water &
                                Machinery                      Food
   Components                                                                            Data Centers             Pipeline
                               Manufacturing                Manufacturing
   Manufacturing                                                                                             Transportation

  Maintenance,                   Compressed                   Commodity                                      Transportation
   Repair &                      Natural Gas                 Production &                      Banking         Equipment
   Overhaul                        Vehicles                   Distribution                                   Manufacturing


 Unmanned Aerial                                              Fertilizer                                    Warehousing &
                                 Distribution                                           Cyber Security
    Systems                                                 Manufacturing                                      Storage


  Military Related                                           Research &
                                 Engineering                                               Computer            Wholesale
    Research &                                             Development in
                                  Services                                                  Systems             Brokers
   Development                                             Ag Biosciences


The specific industries listed under the ecosystems are neither comprehensive nor exclusive.
They are only examples to demonstrate a diversity of activities. The number of individual
industries included among the 5 ecosystems actually number over 200.
Vital Complementary Systems

                         Oklahoma’s
                         Ecosystems

                                               Skills, Knowledge,
    Infrastructure                                  & Abilities
• Construction                                • Education
                                              • Creative Industries


                        Quality of Life
                     • Health & Biosciences
                     • Tourism & Recreation
Regional & Micro Systems
                                      OKC

             Metro Stat
              Areas          Tulsa


                                      Lawton


                            SCORE

State       Multi County
             Regions                   NWOA

                           Southern
                           WIB

                                        Enid


               Cities      Muskogee


                                      Ardmore
Policies

Business Start-Up, Retention, Expansion & Recruitment

        Workforce (STEM)

                Incentives

                        Regulations

                                Infrastructure
Happening Now & Next Steps
 Complete College America
 OK Stem Report by Secretary of Science &
  Technology
 Governor’s Council Career Pathways
 Project Lead the Way
For more information:
     www.okcommerce.gov/data
Email: deidre_myers@okcommerce.gov
        Twitter: @deidredmyers

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Oklahoma's Ecosystems: Accelerating the Growth of the State's Economic Prosperity

  • 1. Oklahoma’s Ecosystems: Accelerating the Growth of the State’s Economic Prosperity Presented by: Deidre D. Myers Research, Economic Analysis & Policy Services
  • 2. Economic Measures  Employment  Unemployment  Labor Force  Participation Gender Age Income Education
  • 3. Month-over-Month Employment Manufacturing All Other Employment 14 12 10 8 6 Employment, in thousands 4 2 0 -2 -4 -6 -8 -10 Source: BLS, Current Employment Statistics
  • 4. Year-over-Year Growth by State 4.0% 3.5% 7 states had no employment growth or employment loss. 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% WA TN LA TX WI OK GA OH KY CO OR KS RI UT IN CA NC VT VA AK AR ND AZ ID SC HI NV NY IA FL IL AL SD MT MN MA NJ PA NE MO MD MI DE MS Source: BLS, Current Employment Statistics (December 2011 to December 2012)
  • 5. Year-over-Year Manufacturing Growth 5.0% 20 states had no manufacturing growth or loss 4.0% 3.0% 2.0% 1.0% 0.0% SD HI WA TN OK IN ID IA CO MI OR UT GA IL KS AZ OH SC MS WI NC RI NM NE PA MN TX KY MO FL ND Source: BLS, Current Employment Statistics (December 2011 to December 2012)
  • 6. Unemployment Rate by State Source: BLS, LAUS
  • 8. Unemployment Rates by Cohort 35.0 30.0 25.0 20.0 15.0 10.0 5.0 -
  • 9. Year-over-Year Labor Force Growth 7% 6% Oklahoma has the 27th largest population, but is ranked #9 in net workforce growth. 5% 4% 3% 2% 1% 0% -1% -2% -3% NC NM NE NH NJ ND NY TX RI CO TN NV VA AZ CA AK AR HI MN VT DC OK LA MD MA DE ME OH MT WV AL WA MS MO OR CT MI WI WY IN UT FL ID IA PA GA IL SC SD KY KS Source: BLS, LAUS
  • 10. Labor Force Participation Rate Labor Force by Demographic Labor Force Participation Rate Population Employment 100% 90% 88% 80% 85% 70% 73% 73% 70% 70% 67% 65% 60% 63% 57% 58% 57% 50% 55% 54% 52% 52% 40% 30% 20% 10% 0% OK male OK female White male White Black male Black Hispanic Hispanic female female male female Source: CPS, rolling average December 2011 through November 2012
  • 11. OK Median Age by County
  • 13. OK Households in Poverty
  • 14. Participation by Education Not in Labor Force Employed Unemployed Bachelor's Degree and 74.2% 171.0 LFPR higher Associate's Degree or 66.4% 235.2 LFPR Certificate High School Diploma 334.8 60.0% LFPR 43.4% Less than High School 142.4 LFPR 0 100 200 300 400 500 600 700 800 900 In thousands Source: CPS, rolling average December 2011 through November 2012
  • 16. Less than a High School Degree
  • 17. OK’s Educational Gap for New Jobs High School Degree and less Some college/Vocational/Associate's Degree Bachelor's Degree Post Bachelor's Degree OK New Jobs' 22.9 48.9 23.7 4.5 Requirements 2010 OK Educational 45.8 31.3 15.4 7.5 Attainment 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% New Jobs defined as those jobs projected to be created between 2010 and 2020. Source: 2010 ACS; EMSI Complete Employment - 2011.4
  • 18. Goals  Prioritize Resources  Align Policies  Maximize Outcomes  Require Accountability
  • 19. Methodology Sales Revenue Export Share Wages Wealth Generation Location Quotient Physical Assets Workforce Growth Competitive Potential Advantage New Markets Industry Trends Number of Establishments
  • 20. Process Step 5. Tested conclusions against macro economic data Step 4. Aggregated findings to ecosystems that share economic characteristics Step 3. Analyzed qualitative data including OK’s physical assets, R&D expertise and workforce strengths Step 2. Identified those industries that ranked highest in each and all of the 3 categories Step 1. Analyzed quantitative variables for wealth generation, growth potential and competitive advantage for 669 industries
  • 21. Outcome Wealth Generation 669 Industries 72 variables Growth ECOSYSTEMS: The economic 48,168 data points Potential drivers of OK Competitive Advantage
  • 22. Ecosystems Agriculture & Information & Aerospace & Transportation Energy Financial Defense Biosciences & Distribution Services Parts & Air, Rail, Water & Machinery Food Components Data Centers Pipeline Manufacturing Manufacturing Manufacturing Transportation Maintenance, Compressed Commodity Transportation Repair & Natural Gas Production & Banking Equipment Overhaul Vehicles Distribution Manufacturing Unmanned Aerial Fertilizer Warehousing & Distribution Cyber Security Systems Manufacturing Storage Military Related Research & Engineering Computer Wholesale Research & Development in Services Systems Brokers Development Ag Biosciences The specific industries listed under the ecosystems are neither comprehensive nor exclusive. They are only examples to demonstrate a diversity of activities. The number of individual industries included among the 5 ecosystems actually number over 200.
  • 23. Vital Complementary Systems Oklahoma’s Ecosystems Skills, Knowledge, Infrastructure & Abilities • Construction • Education • Creative Industries Quality of Life • Health & Biosciences • Tourism & Recreation
  • 24. Regional & Micro Systems OKC Metro Stat Areas Tulsa Lawton SCORE State Multi County Regions NWOA Southern WIB Enid Cities Muskogee Ardmore
  • 25. Policies Business Start-Up, Retention, Expansion & Recruitment Workforce (STEM) Incentives Regulations Infrastructure
  • 26. Happening Now & Next Steps  Complete College America  OK Stem Report by Secretary of Science & Technology  Governor’s Council Career Pathways  Project Lead the Way
  • 27. For more information: www.okcommerce.gov/data Email: deidre_myers@okcommerce.gov Twitter: @deidredmyers