Employment Projections Dashboard
Which occupations are expected to experience high demand over the next decade? Assessing the extent to which future labor markets will favor certain occupations over others is vital for effective workforce planning. These considerations are especially important to the public university system, which seeks to ensure the long-term viability of South Dakota’s workforce through its array of carefully selected, market-responsive degree programs.
Accordingly, the SDBOR Employment Projections Dashboard summarizes recent Bureau of Labor Statistics (BLS) projections data for South Dakota and other US states. Specifically, the dashboard presents – for over 800 different occupations – detailed data with regard to occupational demand that is expected to occur between a base year (2014) and a projection year (2024). Data can be summarized in two ways: all occupations for a single state (or) all states for a single occupation. For all data views, the dashboard provides a ranked list of all states/occupations for the selected data measure.
The dashboard also allows for data to be disaggregated by “typical” educational level, as defined by the Bureau of Labor Statistics. However, it should be pointed out that – while the educational requirements shown in this dashboard are considered (by BLS) to be typical for entry-level work – many workers hold higher credentials than those listed here. For instance, despite being listed as an “associate’s degree” occupation by BLS, nearly half of registered nurses in South Dakota hold a bachelor’s degree or higher (ACS PUMS, 2013). Likewise, a growing number of skilled trades, such as carpentry, welding, and bookkeeping – occupations classified by BLS as not requiring a college degree – increasingly have begun to require some form of postsecondary training. In this respect, the BLS educational classification used in this dashboard should be seen as informative, but sometimes inexact.
From a planning perspective, it is important to remember that states must cultivate a body of workers sufficient not only to meet projected growth, but also to maintain existing levels of employment. For example, the dashboard indicates that statewide employment of accountants and auditors in South Dakota will rise from 4,560 workers in 2014 to 5,090 workers in 2024, an increase of 530 workers. Accordingly, South Dakota must train (or recruit) a total of 530 new workers into this profession over this timespan, while also maintaining its base pool of 4,560 workers. Overall, 180 openings are expected to occur in this profession every year in South Dakota due to a combination of retirements and new positions (for a total of 1,800 openings over this period).
The most recent release of employment projections data shows that:
- From 2014 to 2024, total employment in South Dakota is expected to increase by approximately 6.7 percent, compared to a national increase of about 6.5 percent.
- A majority of the twenty fastest-growing occupations in South Dakota typically require a postsecondary degree for entry to the profession.
Source: Projections Managing Partnership, in cooperation with the U.S. Department of Labor, Employment and Training Administration
- State-level employment projection estimates are calculated by each state following technical guidelines issued by the BLS. Nation-level projections are calculated independently by the BLS, and may not sum to state-level totals. Occupation-level projections may not sum to total lines due to the inclusion (in total lines) of data that are suppressed at lower levels of detail. Data accuracy is the responsibility of the original reporting agency.
- Unlike some federal economic surveys and other tabulations, the projections program does reflect occupational data for self-employed workers, unpaid family workers, and farm laborers.
- Projections are updated every two years; the dashboard reflects the most recent available projections.
- Some data are not available for all geographies. Projections may not be provided for states with a limited number of workers in particular occupations. In most cases, projections are rounded to the nearest ten.
- Indicator descriptions:
- Base Year Employment: Total employment in the base year (2012)
- Projected Employment: Total employment in the projection year (2022)
- Numeric Change: Numeric difference between base year employment and projected employment
- Percent Change: Percentage difference between base year employment and projected employment
- Average Annual Openings: The average number of annual vacancies due to new jobs and replacements