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Labor Market Information for Students, Teachers and Parents

Labor Market Information for Students, Teachers and Parents. Rachel Smith Manager of Workforce Research and Development CPWDC. What is Labor Market Information?. Workforce, economic and demographic data for L eading M anaging I nforming. Career Development Workforce Development

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Labor Market Information for Students, Teachers and Parents

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  1. Labor Market Information for Students, Teachers and Parents Rachel Smith Manager of Workforce Research and Development CPWDC

  2. What is Labor Market Information? • Workforce, economic and demographic data for Leading Managing Informing • Career Development • Workforce Development • Business Development • Economic Development

  3. What does LMI do? • Connects occupations and employers • Reveals trends in the workforce, changing employer demands, and educational requirements • Assists in career-related decisions

  4. What are the limits? • Timeliness of information • Geographic limitations • Data presentation • Not absolute

  5. How does LMI support CEWs? Students Educators Locate employment opportunities Find out how much employers pay Identify good career paths and training for advancement Find new or emerging careers Understand cost of living differences Talk with students about real life requirements Identify new course offerings Create partnerships with employers Help youth explore career paths

  6. What can LMI teach? • Economic context of where you work and live • Employment trends and projections • Wage information • Labor force skills and quality • Projected training costs • Employers in your area • New and emerging industries • Employment needs • Unemployment

  7. Examples: • Demographic Picture • Is the population growing or shrinking? • Where do people live and work? • What does the population look like – age, race, income, etc.? • Industrial Picture • Who are the major employers? • What drives the local economy? • Which industries exhibit competitive advantage (clusters)?

  8. Examples: • Occupational Picture • What are the high priority occupations? • What are the characteristics of the job? • What is the national and local demand? • Are jobs really disappearing? • Where can we find this occupation? • Special Scenarios • Teen Employment • Aging Workforce • I-80 Tolling

  9. Where is LMI available? www.pacareerstandards.com Local Workforce Investment Boards (WIB) PA CareerLinks Local Economic Development Organizations

  10. Discussion • Format and availability of resources • Integration into core academic areas • Missing links

  11. Questions Rachel Smith Manager of Workforce Research and Development Central Pennsylvania Workforce Development Corporation (CPWDC) 570.522.0600 rsmith@cpwdc.org

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