Standard Occupational Classification (SOC) – A coding system used by all federal statistical agencies to classify workers into occupational categories for the purpose of collecting, calculating, or disseminating data. Subsector – A level of industry classification under sector according to the NAICS structure. Supersector – The top level of industry classification according to the NAICS structure.
Local Workforce Development Areas Page 5 Introduction Page 6 State of Arkansas Profile Page 7 Methodology Page 8 Explanation of Industry Projections Data Page 10 Industry Projections by Major Division Page 11 Industry Outlook Page 12 Industry Rankings Top 20 Growing Industries by Numeric Change Page 18 Top 20 Fastest Growing Industries by Percent Change Page 19 Top 20 Declining Industries by Numeric Change Page 20 Top 20 Fastest Declining Industries by Percent Change Page 21 Industry Projections Page 22 New Separations Methodology Page 33 Explanation of Occupational Projections Data Page 34 Occupational Projections by Major Group Page 35 Occupational Outlook Page 36 Occupational Rankings Top 20 Growing Occupations by Numeric Change Page 43 Top 20 Fastest Growing Occupations by Percent Change Page 44 Top 20 Occupations by Annual Exits Page 45 Top 20 Occupations by Annual Transfers Page 46 Top 20 Occupations by Total Annual Openings Page 47 Top 20 Declining Occupations by Numeric Change Page 48 Top 20 Fastest Declining Occupations by Percent Change Page 49 Occupational Projections Page 50 Projections by Educational Level Page 80 Education Outlook (includes charts) Page 80 Hot Jobs by Educational Level Page 82 Projections by Amount of Work Experience Page 83 Work Experience Outlook (includes charts) Page 83 Projections by Type of On-the-Job Training Page 85 Training Outlook (includes charts) Page 85 Projections by Education Training Path Page 87 Top 15 Content Skills Page 91 Top 15 Knowledge Domains Page 92 Appendix: Definition of Education/Training Codes Page 93 Table of Contents
Data Limitations The projections contained in this publication are estimates based on historical data. It is important not to rely on these projections as the actual employment numbers that will occur in 2019. While every attempt is made to incorporate current and near-future events, such as business closings, corporate layoffs, openings, and expansions, it’s not possible to know everything that might happen. Events that may take place after the projection period or announcements concerning closings, layoffs, openings, and expansions known after projections were completed are not reflected in the forecasts. Also, legislative policy could cause employment to change. Events such as these will likely cause the actual employment numbers to vary significantly from these projections. It is important to look at both net growth and percent growth when looking at projections. Generally, industries or occupations with small employment will have higher growth rates than those with larger employment, but these industries may only add a few employees over the projection period. When examining occupational projections, it is important to look at both replacement and growth openings. Even if an occupation is in decline, it still may have openings to replace workers who leave the profession for various reasons. EXPLANATION OF INDUSTRY PROJECTIONS DATA ARKANSAS-STATEWIDE 2017-2019 NAICS Code NAICS Title 2017 Estimated Employment 2019 Projected Employment Net Growth Percent Growth Industry code according to the North American Industry Classification System (NAICS) Title and Coding Structure Industry title according to the North American Industry Classification System (NAICS) Title and Coding Structure An estimate of the number of jobs in an industry in 2017 The projected number of jobs expected to be in an industry in 2019 Total number of jobs an industry is expected to gain or lose over the 2017 to 2019 period Percent change in the number of jobs in an industry over the 2017 to 2019 period
SOC Code Standard Occupational Classification (SOC) Title 2017 Estimated Employment 2019 Projected Employment Numeric Change Percent Change Annual Openings - Exits Annual Openings- Transfers Annual Annual Education/ Training Codes The occupational code based on the Standard Occupational Classification (SOC) Coding and Title Structure The occupational title based on the Standard Occupational Classification (SOC) Coding and Title Structure An estimate of the number of jobs in an occupation in 2017 The projected number of jobs expected to be in an occupation in 2019 Total number of jobs an occupation is expected to gain or lose over the 2017 to 2019 period Percent change in the number of jobs in an occupation over the 2017 to 2019 period Average number of annual job openings expected to be created during the projection period due to those leaving the workforce for four months or more Average number of annual job openings expected to be created during the projection period due to those transferring to an occupation in a different SOC Major Group Average number of annual job openings expected to be created during the projection period due to the gain or decline in an occupation Average number of annual job openings expected to be created during the projection period due to employment growth and separations Level of training needed by most workers to become fully qualified in the occupation according to the Bureau of Labor Statistics. See page 93 for definitions.
2017-2019 Projections by Education Training Path Education Work Experience Additional Training 2017 Estimated Employment 2019 Projected Employment Numeric Change Percent Change Annual Exits Annual Annual Change Annual Openings Doctoral or Professional Degree 5 years or more Short-Term On-the-Job Training 723 736 13 1.80% 14 16 7 37 Doctoral or Professional Degree Less than 5 years None 3,955 4,161 206 5.21% 149 155 103 407 Doctoral or Professional Degree None Internship/ Residency 7,006 7,222 216 3.08% 110 97 106 313 Doctoral or Professional Degree None None 20,749 21,427 678 3.27% 556 572 336 1,464 Master's Degree 5 years or more None 4,080 4,161 81 1.99% 148 180 41 369 Master's Degree Less than 5 years None 1,363 1,397 34 2.49% 38 63 17 118 Master's Degree None Internship/ Residency 5,541 5,805 264 4.76% 165 289 132 586 Master's Degree None None 10,394 10,828 434 4.18% 341 457 216 1,014 Bachelor's Degree 5 years or more None 38,331 39,363 1,032 2.69% 853 2,133 517 3,503 Bachelor's Degree Less than 5 years Moderate-Term On-the-Job Training 224 222 -2 -0.89% 6 10 -1 15 Bachelor's Degree Less than 5 years None 35,745 36,917 1,172 3.28% 1,055 1,821 584 3,460 Bachelor's Degree Less than 5 years Short-Term On-the-Job Training 191 198 7 3.66% 6 12 4 22 Bachelor's Degree None Internship/ Residency 2,045 2,158 113 5.53% 59 82 57 198 Bachelor's Degree None Long-Term On-the-Job Training 2,914 3,037 123 4.22% 96 121 61 278
Postsecondary Non-Degree Award None None 50,943 52,633 1,690 3.32% 2,464 2,364 845 5,673 Postsecondary Non-Degree Award None Short-Term On-the-Job Training 42,508 43,574 1,066 2.51% 1,747 2,685 533 4,965 Some College, No Degree None Moderate-Term On-the-Job Training 13,628 13,784 156 1.14% 848 658 78 1,584 Some College, No Degree None None 14,933 15,269 336 2.25% 684 714 168 1,566 Some College, No Degree None Short-Term On-the-Job Training 773 781 8 1.03% 26 50 4 80 High School Diploma or Equivalent 5 years or more Moderate-Term On-the-Job Training 705 731 26 3.69% 36 40 13 89 High School Diploma or Equivalent 5 years or more None 69,394 70,269 875 1.26% 3,872 1,409 437 5,718 High School Diploma or Equivalent Less than 5 years Long-Term On-the-Job Training 122 121 -1 -0.82% 6 8 0 14 High School Diploma or Equivalent Less than 5 years Moderate-Term On-the-Job Training 4,343 4,416 73 1.68% 134 207 35 376 High School Diploma or Equivalent Less than 5 years None 81,307 82,971 1,664 2.05% 3,178 5,272 834 9,284 High School Diploma or Equivalent None Apprenticeship 20,421 21,290 869 4.26% 716 1,369 433 2,518 High School Diploma or Equivalent None Long-Term On-the-Job Training 26,012 26,625 613 2.36% 850 1,487 310 2,647 High School Diploma or Equivalent None Moderate-Term On-the-Job Training 177,604 180,600 2,996 1.69% 6,884 11,551 1,496 19,931
High School Diploma or Equivalent None None 1,093 1,128 35 3.20% 64 77 17 158 High School Diploma or Equivalent None Short-Term On-the-Job Training 216,549 220,730 4,181 1.93% 12,723 14,067 2,090 28,880 No Formal Educational Credential Less than 5 years Moderate-Term On-the-Job Training 10,131 10,540 409 4.04% 606 827 204 1,637 No Formal Educational Credential None Long-Term On-the-Job Training 4,081 4,210 129 3.16% 220 264 62 546 No Formal Educational Credential None Moderate-Term On-the-Job Training 14,585 14,821 236 1.62% 570 1,047 118 1,735 No Formal Educational Credential None Short-Term On-the-Job Training 292,377 299,124 6,747 2.31% 19,771 24,812 3,371 47,954