-20000 20000 60000 100000 140000

T&D 2025Transportation & Distribution

I&F 2025Info & Financial Services

E 2025Energy

AG 2025Ag Bio

AD 2025Aerospace & Defense

Maintain GrowthExpand OK's Economy

High School Sufficient Associates/Certificate/Credential Bachelors and Above

Projected Workforce Demand

VISION Governor Mary Fallin’s vision is to implement wealth-generating policies so all Oklahomans can achieve the American Dream.

To accomplish this vision, the Governor’s Council for Workforce and Economic Development will coordinate strategic priorities and plans across education, training and economic agencies to increase alignment of the entire education and training pipeline in support of Oklahoma’s five wealth generating ecosystems.

Oklahoma’s Ecosystems

Driver Systems • Aerospace and Defense

• Agriculture and Bio

• Energy

• Information and Financial Services

• Transportation and Distribution

Complementary Systems • Construction

• Health Care

• Education

• Creative Industries

DATA The Governor’s Council for Economic and Workforce Development has created metrics that will be the foundation of the Governor’s Council Dashboard. This dashboard will allow the use of data to inform policy, track progress and measure success as an overall statewide measurement.

State Workforce Partners, departments and agencies impacting career readiness, are developing metrics for targeted wealth generation.

The state will launch OklahomaWorks.gov as a comprehensive platform for education and workforce assets statewide including job openings, degree and credential requirements, and relevant education and training programs.

Wealth Generation

Measure OK US

WEALTH

Per capita personal income (% of US) 93.36

Per capita disposable income (% of US) 95.21

Median household income 24046 28051

Median net worth 53881 70359

Income poverty rate 16.6 14.9

Per capita income maintenance 791 851

% of households with savings account 60.0 69.2

Homeownership rate 66.4 63.9

Gini Index 0.4643 0.4757 Note: Green categories are moving toward the goal, yellow categories are not moving, and red categories are moving away from the goal.

Employment Growth

Measure OK US

EMPLOYMENT

Nonfarm total employment annual growth rate 0.9 1.7

Ecosystem employment 1.9

Low-wage jobs 31.9 21

Average annual wage 42110 49612

Small business ownership rate 1.48 1.36

Microenterprise ownership rate 16.8 16.5

Unemployment rate (quarterly rolling average) 5.2 7.6 Labor underutilization U-6 (quarterly rolling average) 10.2 13.8

Youth unemployment rate (16-19) 19.1 24.1 Note: Green categories are moving toward the goal, yellow categories are not moving, and red categories are moving away from the goal.

Workforce Participation

Measure OK US

WORKFORCE

Labor force annual growth rate 0.8 -1.3

Labor force participation, total 63.8 62.8

HS degree and higher 86.2 85.7

Associates degrees 6.9 7.7

Bachelors degree and higher 23.2 28.5

Persons above 18 and under 65 61.4 62.8

Note: Green categories are moving toward the goal, yellow categories are not moving, and red categories are moving away from the goal.

PARTNERSHIPS The Governor’s Council on Workforce and Economic Development is being empowered to build industry and education partnerships and to generate wealth for Oklahomans. Regional private business leaders regional and State Workforce Partners staff will lead Key Economic Networks (KENs) to provide regional and statewide qualitative data on local economies and foster effective regional partnerships. KENs will identify local and regional challenges to wealth generation and develop locally based solutions through business leaders, economic development organizations and regional agency partners. Each concern will be presented at monthly State Workforce Partners meetings to find solutions.

Governor

Mary Fallin

Governor’s Council on

Workforce and Economic

Development

State Workforce Partners

State Department of Education

Department of Career and Technology Education

State Regents for Higher Education

Board of Private Vocational Schools

Employment Security Commission

Department of Rehabilitative Services

Department of Human Services

Oklahoma Department of Health

HealthCare Authority

Department of Mental Health and Substance Abuse Services

Department of Corrections

Office of Management and Enterprise Services

Key Economic Networks (KENs)

Regional Businesses

Economic Development Orgs.

Local Economic Developers

Chambers of Commerce

Regional Medical Providers

Workforce Investment Boards

Private Vocational Schools

Regional State Workforce Partner Staff

RESOURCE and INCENTIVE GOALS The State Workforce Partners will establish an annual review of funding sources and incentives provided by federal, state and local sources. In addition, the State Workforce Partners will chart the effectiveness of federal and state funding for education, workforce and economic development systems throughout the state. Performance funding for Oklahoma’s Higher Education and CareerTech Systems should be prioritized to improve post-secondary outcomes.

Goal and Targets

Private Sector and System Partner

Activities

Career Readiness

Workforce Participation

Employment Growth

Wealth Generation

# trained

$ per person

# of classes Old Method Used by Oklahoma:

Only measured programs and activities

Oklahoma’s New Goal = Wealth Generation Targets = Steps to achieve goal

Measures = System performance

Data = % ready for career/college

% engaged in workforce # employed in critical occupations % increase in income/disposable income

BEFORE