lang="en" Governorís Workforce Investment Board Releases First Annual Indicators Report - News - Department of Labor, Licensing and Regulation (DLLR)

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Governorís Workforce Investment Board Releases First Annual Indicators Report

 

BALTIMORE (December 12, 2008) Ė In an effort to provide business leaders and policy makers with critical information about significant trends and patterns affecting Marylandís workforce, the Governorís Workforce Investment Board has issued a new report, Maryland Workforce Indicators: 2008, that gathers Maryland-specific data from a wide variety of state and federal sources into a single, comprehensive document.

The Governorís Workforce Investment Board (GWIB) assembled an array of relevant labor market information, education, and economic data into this inaugural report to present an overall profile that identifies noteworthy trends and measures the health of Marylandís workforce, a critical issue for Marylandís present and future businesses. Data collected for this report were taken from well respected national and state sources that are published regularly, and were used to draw comparisons between Maryland, the nation, and other states.

ďOver time, this annual report will reveal trends and patterns that will assist the GWIB, as well as business leaders and other workforce policymakers, as we work to develop policies and programs that will ensure Marylandís continued strength and economic competitiveness in the 21st century,Ē GWIB Executive Director Eric Seleznow said.

Leading indicators show that despite the current recession and bleak national economic picture, Marylandís prospects for long-term growth and competitiveness remain positive. This is supported by a stable pipeline of workers, a large proportion of workers with advanced degrees, and a highly engaged and educated immigrant population. In addition, Marylandís public school system, noted for its high percentage of advanced placement students, contributes to the creation of a highly educated workforce that can support Marylandís burgeoning science, security and technology industries.

ďThis report confirms that Marylandís workforce is dynamic, leading many states in educational attainment, labor market participation rates, and earnings.Ē said William "Bill" Robertson, Chair of the Governorís Workforce Investment Board and President & CEO of Adventist HealthCare, Inc. ďWhile the recent economic crisis may impact this outlook, our strong workforce foundation positions Maryland well for the future.Ē

The report also describes challenges facing Marylandís workforce, including filling the gap left by retiring workers, addressing out of state migration and reducing literacy and math remediation rates for students entering college. The data also show a significant population of untapped or underutilized workers who, with access to education and training, can access more opportunities and contribute even further to Marylandís strong workforce foundation. These and other challenges contribute to an increasingly wide skills gap that leaves some employers unable to meet their workforce needs, and renders unskilled workers unable to secure family-sustaining employment. Proactively addressing these emerging trends will enhance Marylandís already strong competitive edge, and its ability to attract and grow jobs and develop skilled workers.

To download a copy of the report please visit the GWIB website (PDF document, 874KB, download Adobe Acrobat for free).

The GWIB is the governorís chief policy-making body for workforce development. The mission of the GWIB is to guide a nationally-recognized workforce development system that aligns with the economic and educational goals of the State of Maryland and results in a qualified workforce available to employers across the State. The GWIB brings together and focuses various workforce development partners and stakeholders on two key outcomes - a properly prepared workforce that meets the current and future demands of Maryland employers, and providing opportunities for all Marylanders to succeed in the 21st century workforce.

Contact:  Rachel Indek, 410-767-2982

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