Montana Economy At a Glance 2007 Jun

Cover Montana Economy At a Glance 2007 Jun
Montana Economy At a Glance 2007 Jun
Montana.Dept. of Labor And Industry.Research And Analysis Bureau
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Shifts in industry and occupational mixes or economic growth rates may signal a need for economic developers to reevaluate their strategies. These same shifts may also indicate a need for workforce developers and educators to re-evaluate current education and training programs to ensure workforce needs continue to be met.
In many cases, workforce information can be used to confirm shifts first identified anecdotally For example, workforce information has been used to substantiate anecdotal repo
...rts of worker shortages, especially in low-wage, low-skill jobs.
When analyzed, wage data showed that although wages grew throughout the range of occupations, the largest growth was indeed primarily centered on low-wage, low- skill jobs. By using data to confirm the concerns presented by employers, policy makers are able to move forward with eflForts to discuss, identify, and put into place solutions for the workforce shortage.
Site selection/labor force availability/ predictions of economic impact Workforce information also plays a vital role when working with businesses looking to relocate to or expand their operations in a specific city or an undecided location within Montana.


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