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LMI Training Institute Labor Market Information for dummies The LMI Training Institute presents LMI is for really smart people.

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Presentation on theme: "LMI Training Institute Labor Market Information for dummies The LMI Training Institute presents LMI is for really smart people."— Presentation transcript:

1 LMI Training Institute Labor Market Information for dummies The LMI Training Institute presents LMI is for really smart people

2 LMI Training Institute What is a labor market? zConcepts zDefinitions zLingo

3 LMI Training Institute A Labor Market Is... za market for workers in a particular industry (e.g. the market for workers in construction) za geographic area within which residents commute to jobs za market for workers in a particular occupation, which may cross industries and geographic areas (e.g. the market for web designers)

4 LMI Training Institute Labor Market Hierarchy zPopulation - all people zLabor Force - people with jobs or able and available for work zEmployed - people with jobs zUnemployed - people without jobs but able and available for work

5 LMI Training Institute Labor Force - The Big Picture

6 LMI Training Institute What is Labor Market Information?

7 LMI Training Institute

8 Where does this stuff come from?

9 LMI Training Institute Census Includes data on: zemployment status zoccupation zhours worked zcommuting

10 LMI Training Institute Employment & Wage Reports zFiled quarterly by employers with payment of unemployment insurance taxes zpractically universe count of jobs and payroll znot timely

11 LMI Training Institute Surveys zMonthly sample of employers zProvides current estimates of employment by area and industry zUsed with other data in formula to estimate unemployment

12 LMI Training Institute Surveys - more zAnother survey done annually of sample of employers zProvides estimates of employment by occupation zAlso provides occupational wage data

13 LMI Training Institute Surveys - still more zSample of households done monthly for national Current Population Survey zProvides current estimates of employment and unemployment by demographic groups zSample not large enough for state and local labor force estimates

14 LMI Training Institute How do I get my hands on this stuff?

15 LMI Training Institute America’s Career InfoNet - www.acinet.org

16 LMI Training Institute Bureau of Labor Statistics - stats.bls.gov

17 LMI Training Institute State LMI Database zStates developing computerized databases with data including: 4population 4labor force 4employment projections 4income 4wages 4labor costs 4job applicants 4education/training completers 4business listings 4mass layoff data 4local sales & taxes 4building permits

18 LMI Training Institute Career Information Delivery System - CIDS zState-developed computer-based systems providing occupational and educational information zAvailable through state occupational information coordinating committee (SOICC)

19 LMI Training Institute State LMI offices zstate/local data zspecialized services zexpertise zpresentations zpublications zweb sites zsee LMINet for contact info & links www.lmi-net.org

20 LMI Training Institute


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