Labor Market Assessment 2017 Released Western New York Chapter

Invest Buffalo Niagara hosted Labor Market Assessment 2017 that revealed findings from a suite of four reports that explore Buffalo Niagara’s labor market. We will be leveraging the study findings to attract new businesses, jobs and investment to our area. We’ll also use the reports to inform the development of a new talent attraction initiative.  

But understanding what these findings mean for us today and where we go from here requires all of us. Educators and trainers can use the information in LMA/17 to support capacity building where training gaps are widest and where we produce a deficit of graduates. Economic developers and marketers can leverage identified strengths to grow industries and attract new companies and talent. Employees can use job projections to train for high demand good paying jobs. Organized labor can fuel best practices to strengthen companies and industries. Elected officials can support policies and investments that leverage regional strengths and tackle challenges. 

Please find enclosed findings from our LMA/17. We hope that you share these reports as needed within your organization:

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Click here to download Who’s Our Economy? and How Competitive Are Payroll Costs? 

  • Who’s Our Economy? – offers an overview of the regional economy, labor force, and target industries.
  • How Competitive Are Payroll Costs? – takes a deep examination regional wages, salary trends and employee benefits.

Click here to download Where Are Our Opportunities? and What Role Does Labor Management Play?

  • Where Are Our Opportunities? – Explores underemployment, labor availability, the landscape of workforce training, and credential building for high-demand jobs in the region's target industries.
  • What Role Does Labor Management Play? – Offers a look at labor management relations trends and best practices from within the region.

The four reports were developed as the result of a regional labor market study commissioned by Invest Buffalo Niagara and conducted by the University at Buffalo Regional Institute. This work was accomplished thanks to the generous support National Fuel Gas Company, National Grid, New York Power Authority, the Erie County Industrial Development Agency, Say Yes to Education Buffalo, the Niagara USA Chamber and the Niagara County Center for Economic Development.