Labor Market Infographics – Know Before You Go

 

Today’s labor market is very different than it was 20+ years ago when many of our parents and teachers were making decisions about their career.  Please share these infographics with your students, parents, teachers and greater community so that students can make informed decisions regarding their future.

 

 

Graphic 1A:  Annual Wages by Education Level

The type of position you go to school for is a vital factor in determining your future wages.  For example, students who graduated from a Minnesota college in 2010/2011 with an Associate Degree in the Construction Trades is making a median full-time wage of $50,831 compared to a graduate with a Bachelor Degree in Liberal Arts and Sciences; General Studies and Humanities who is making $38,930 (Source: DEED Graduate Employment Outcomes).

 

(click for PDF of graphic 1A)

 

 

 

Graphic 1B: Major Matters

(click for PDF of graphic 1B)

Graphic 2:  Average Annual Tuition

When deciding on a career, consider the cost of education as it compares to projected earnings.  Higher education often brings significant benefits, such as increased earnings and job opportunities, along with newly minted skills and knowledge. However, the price for this expanded horizon has become increasingly more costly.  Learn more at: https://mn.gov/deed/newscenter/publications/trends/september-2016/what-to-know.jsp.

 

(click for PDF of Graphic 2)

 

 

 

 

Graphic 3:  Cost of a Degree

An Associate’s degree at a state college will cost roughly $36,670 ($18,335 x 2 years) and a Bachelor’s degree with four years attending a state university will cost roughly $82,932 ($20,733 x 4 years).  These rough estimates do not factor in annual changes in tuition or other expenses.

(click for PDF of Graphic 3)

 

 

 

 

 

 

 

Graphic 4:  Jobs in Demand in Your Region

Here are the current jobs in demand in your region of Minnesota by education level.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Click for PDF of Graphic 4-1)

(Click for PDF of Graphic 4-2)

 

Graphic 5:  Healthcare Labor Market Information

Graphic 5A:

Despite economic fluctuations in the region across other industries, health care and social assistance providers in Southwest Minnesota have continually added jobs over the past 17 years.

(PDF of Graphic 5A)

 

 

 

Graphic 5B & 5C:

The Health Care and Social Assistance industry is female-dominated, with women holding 81% of jobs in Southwest Minnesota. However, the number of jobs held by men increased 19% over the past 10 years. There are several Non-Traditional Healthcare Careers for men, including CNA’s, LPN’s, RN’s, and NP’s. A Non-Traditional Healthcare Career for women are Chiropractors, whose median annual wage is $56,368.

PDF of Graphic 5B

PDF of Graphic 5C

 

 Graphic 5D & 5E: 

The job growth is expected to be largest and fastest in home health care services, which may grow nearly 50 percent, or 719 additional jobs. Job growth at nursing and residential care facilities is expected to be split between community care and assisted living facilities for the elderly, which may gain almost 450 jobs, and residential mental health facilities, which could add about 650 new jobs. In contrast, the region is expected to lose jobs at nursing care facilities and other residential care facilities. Hospitals are projected to see about 2 percent growth, adding just 179 jobs from 2014 to 2024, primarily at privately-owned hospitals, compared to losses at government-owned hospitals.

PDF of Graphic 5D

 

Graphic 5E

 

Graphic 5F: 

Because of the steady growth in health care and social assistance, many health care-related occupations exist at every education level and are in high demand according to DEED’s Occupations in Demand too. Although the highest paying occupations tend to have the highest educational every education level and are in high demand according to DEED’s Occupations in Demand too. Although the highest paying occupations tend to have the highest educational requirements, there are exceptions to the rule. According to DEED’s Educational Requirements for Occupations data, Healthcare social workers require a master’s degree, but are earning $21.42 per hour at the median in Southwest Minnesota; while radiologic technologists require just an associate’s degree but pay above $28 an hour at the median.

PDF Graphic 5F

 

 

 

 

 

 

 

Graphic 5G: 

According to DEED’s 2014 to 2024 Employment Outlook data, the Southwest Minnesota health care and social assistance sector is projected to gain another 3,100 jobs over the next decade, a 10.4 percent increase. That is much faster than the projected growth rate in the region, which is expected to grow just 1.0 percent across all industries. In fact, the projected job growth in health care is expected to exceed the total job growth in the region.

PDF of Graphic 5G

 

 

 

Graphic 5H: Career Paths in Health Care

PDF of Graphic 5H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

To get all the Healthcare Graphics and information Click for PDF.

 

 

 

Click here for complete “Know Before You Go” handout

 

 

Graphic 6:  Manufacturing Labor Market Information

Grahpic 6A: Career Paths in Manufacturing

PDF for Graphic 6

 

Grahpic 6B: Mechanical Engineering Tech vs. Industrial Engineers

PDF for Graphic 6B

Grahpic 6C: Mechanical Engineering Tech vs. Industrial Engineers

PDF for Graphic 6C

Graphic 7:  Construction Labor Market Information

PDF for Graphic 7

Graphic 8: Education Labor Market Information

PDF for Graphic 8

Graphic 9: Transportation Labor Market Information

PDF Graphic 9

Additional Information: Maps of Greater Minnesota Demographics and Graduate Outcomes by School District

Click to view all maps combined

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