Saturday, April 16, 2011

If DC were a state Part II

In a previous post, if DC were a state, it would rank as having the highest per capita income. What about if it were ranked on median income. The data for 2010 is not available, nor is the data available for personal income. The following for 2008 is for personal per capita income and median household income, courtesy of the 2011 Statistical Abstract.

11 states are ranked higher than DC in household median income, but DC is still highest in terms of per capita income.

StatePersonal Per capita incomePersonal Per capita income rankMedian household incomeMedian Household Income rank

United States40208(X)52029(X)

Alabama33768424266646

Alaska440398684604

Arizona34335415095822

Arkansas32397463881548

California436419610219

Colorado42985125699313

Connecticut562721685953

Delaware40519185798911

District of Columbia66119(X)57936(X)

Florida39267214777833

Georgia34893385086123

Hawaii4205515672145

Idaho33074444757634

Illinois42347145623516

Indiana34605404796632

Iowa37402284898029

Kansas38820235017725

Kentucky32076474153847

Louisiana36424314373341

Maine36457304658136

Maryland483786705451

Massachusetts512543654016

Michigan34949374859130

Minnesota43037115728812

Mississippi30399503779050

Missouri36631294686735

Montana34644394365442

Nebraska39150224969328

Nevada41182175636115

New Hampshire4362310637317

New Jersey513582703782

New Mexico33430434350844

New York4875345603317

North Carolina35344354654937

North Dakota39870204568539

Ohio36021334798831

Oklahoma35985344282245

Oregon36297325016926

Pennsylvania40140195071324

Rhode Island41368165570118

South Carolina32666454462540

South Dakota38661254603238

Tennessee34976364361443

Texas37774265004327

Utah31944485663314

Vermont38686245210420

Virginia442247612338

Washington42857135807810

West Virginia31641493798949

Wisconsin37767275209421

Wyoming4860855320719

Friday, April 15, 2011

How useful are these career guidance tools?

These are the information that BLS puts out:


What thought process does some one go through when looking for a job, or deciding a major and how useful are these sources to the decision-making process? The information have been around for quite a while and thinking back I do not recall ever using these resources in determining my major or my career choice. The main drivers were what do I like and this essentially decided my major which in turn influenced the career choice. But there are some majors that do not point the way to a career or job.

Would a tool such as the following website from Washington State be more useful?
1. Pick a major or an interest. (I picked Animation, Video Graphics and Special Effects.)
2. Then it lists all of the colleges and institutes that offer courses/programs/certificates in the area of interest.
3. For instance, Animation Gaming Production Module 3 from Olympic College offers a certificate of recognition. The course costs $940 for 12 credits.
4. Click on the tab Employment Results and I see that 65 persons took the course with a 52% completion rate and of those 40 found employment with a median annual wage of $21,000. Unfortunately, only 2% are in the Arts and Entertainment industry (which I would expect is the industry targeted) and most are in retail, presumably working there to make ends meet while trying to achieve their goal of working in the field.
5. The tab on Occupation Information gives the expectations from working in the field.
6. The Student Characteristics tab shows that almost all the students do not have a BA.

Unfortunately, there is a lot of missing data and because of this it is of limited use. A loft of the 4-year colleges do not report the information and a lot of majors/fields do not have data for the colleges in terms of labor market outcomes.

Comparing the general guides from BLS and the Washington state website, I find that the latter is a more useful site and a more natural way to think of how people choose majors and then find out what they can do.

From where I'm sitting there are two ways to approach this:
1. Here's what I want to do, how do I do it?
2. Here's what I want to study, what can I do with it?