INTRODUCTION TO LMIWISE Your guide to regional supply and demand data.

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Presentation transcript:

INTRODUCTION TO LMIWISE Your guide to regional supply and demand data

A user-friendly website introducing regional labor market supply and demand data. A step-by-step guide to assist academic program planners in interpreting labor market information A link to other data sources helping planners gain a comprehensive view of the labor market. A web tool designed by staff from MnSCU Academic Programs, ISEEK and Department of Employment & Economic Development. What is LMIwise?

Academic Program classification codes (CIPs) are linked to one or more job codes (SOCs). These relationships are called “Occupation Program Sets” How does it work? Occupation- Program Set: “Accountants and Auditors” : Business/Managerial Economics : Accounting & Business/Management : Accounting and Finance : Accounting : Financial Forensics and Fraud Investigation SOC Code

RegionEmploymentProjected Annual Openings Projected Growth Current Demand Median Wage Entry-Level Education Statewide22,460947Above statewide average 5 stars$29.80 Bachelor's degree What information will I receive? Demand Data: SOC Code Accountants and Auditors

Supply Data: CIP codes , , , ,

Trend Graphs

You may download a Data Interpretation Guide that includes the supply and demand data from your search. Included in the guide are questions for consideration and tips about how to better understand the data.

As a convenience, LMIwise offers links to additional data sources. Use of other sources is necessary in order for planners to develop a comprehensive understanding of the findings.