Ms. Lorraine Okada
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Ms. Lorraine Okada Executive Manager, Carlsmith Ball, LLP
description
Ms. Lorraine Okada. Executive Manager, Carlsmith Ball, LLP. Labor Issues in the New Economy. The New Economy. Visitor Industry Federal / Military Construction Industry Service Industry Technology Migrant Workers Global Competition World Wide Web Digital Economy Sustainable Economy. - PowerPoint PPT Presentation
Transcript of Ms. Lorraine Okada
Ms. Lorraine OkadaExecutive Manager, Carlsmith Ball, LLP
Labor Issues in the New Economy
The New Economy• Visitor Industry• Federal / Military• Construction Industry• Service Industry• Technology• Migrant Workers• Global Competition• World Wide Web• Digital Economy• Sustainable Economy
Visitor Industry
Visitor Industry
• Arrivals from Russia 448.3%.• Arrivals from China increased by 32.4 %• GVB forecast 8 to 10 % increase in total visitor arrivals
Labor Market
• Employment Trends• Unemployment Trends
Employment Projections
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
69400
7804083040
Employment Projections to 2012
Employment Trend
1970
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00
10000
20000
30000
40000
50000
60000
70000
80000
69400 67900
56140
6260061990
Employment 1970 - 2011
20111992 2010
Unemployment Trend
0
2
4
6
8
10
12
14
16
18
2000
2001
2011
2009
2007
2006
2005
2004
2002
Economic Uncertainty
• UNCERTAINTY ABOUT BUILD-UP• GUAM JOB COUNT DOWN, UNEMPLOYMENT UP• GUAM TOURISM DOWN, BUT SOME MARKETS
GROWING• JAPAN IS GETTING BACK ON THEIR FEET FASTER
THAN WE IMAGINED
Workforce Challenges• Unemployment• Education• Skills• Work Values• Brain Drain• Pay Equity• Migrant Workers• Diversity• Technology• Digital Divide• Social Media• World Wide Web
Opportunities
• Education = Employment = Economic Opportunities• Workforce Development Partnerships: Private and
Public• NDAA: Hire Local and the Region• Entrepreneurs are surging• Build a strong regional workforce = strong regional
economy
Workforce Development Resources
• Career & Technical Education Programs• Workforce Investment Act - AHRD• Scholarship Programs• Manpower Development• Apprenticeship Programs• Guam Trades Academy• Guam Community College• University of Guam
