Question

In: Economics

THIS SHOULD BE FOR VERIZON COMMUNICATIONS Describes the results of your assessment of the labor market...

THIS SHOULD BE FOR VERIZON COMMUNICATIONS

Describes the results of your assessment of the labor market from which your selected organization draws candidates for open positions. Explains the population, demographics of the population, levels of education, and how much training may be required to prepare new workers drawn from this pool for positions in the firm. Use regional economic corporations, US Department of Labor and other sources to provide data.

Solutions

Expert Solution

Labour market for the industry

  • Telecommunications

The number of employees in thousands from July to Dec' 2016. Change in thousands between Jan and Dec 2016

Telecommunications

517

786.2 760.2 761.3 752.8 754.0 753.3 -0.7

Wired telecommunications carriers

5171

586.2 561.2 560.8 555.0 558.7 - -

Wireless telecommunications carriers (except satellite)

5172

119.1 116.8 116.5 116.3 115.0 - -

Other telecommunications

5174,9

83.7 81.7 81.6 81.1 80.8 - -

Telecommunications resellers

517911

50.7 50.1 50.1 50.2 49.5 - -

Industry demographics

Industry 2016
Total, 16
years and
over
16 to 19
years
20 to 24
years
25 to 34
years
35 to 44
years
45 to 54
years
55 to 64
years
65 years
and over
Median
age
Wired telecommunications carriers 466 5 27 78 125 116 97 18 44.8
Other telecommunications services 400 2 24 109 97 95 59 15 41.7

Telecommunication equipment installers and repairers

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Wired Telecommunications Carriers 139,530 24.26 $26.75 $55,640
Building Equipment Contractors 29,350 1.47 $23.54 $48,970
Wireless Telecommunications Carriers (except Satellite) 7,770 6.43 $29.34 $61,030
Cable and Other Subscription Programming 7,610 13.45 $25.30 $52,620
Household Appliances and Electrical and Electronic Goods Merchant Wholesalers 7,260 2.23 $24.39 $50,730


Education

Industry and class of worker Total employed Percent distribution
Total employed With a certification or license1 Without a certification or license
Total With a certification, but no license With a license2
Class of worker3
   Wage and salary workers4 1,41,744 100.0 24.7 2.7 22.0 75.3
         Private industries 1,21,062 100.0 22.0 2.8 19.2 78.0
         Government 20,682 100.0 40.4 1.8 38.6 59.6
             Federal 3,643 100.0 24.9 2.2 22.7 75.1
             State 7,032 100.0 38.9 1.8 37.1 61.1
             Local 10,008 100.0 47.1 1.7 45.4 52.9
   Self-employed workers, unincorporated 9,604 100.0 29.1 2.3 26.8 70.9


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