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The LMI Training Institute presents

Labor Market Information for dummies. The LMI Training Institute presents. LMI is for really smart people. What is a labor market?. Concepts Definitions Lingo. A Labor Market Is. a market for workers in a particular industry (e.g. the market for workers in construction)

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The LMI Training Institute presents

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

  2. What is a labor market? • Concepts • Definitions • Lingo

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

  4. Labor Market Hierarchy • Population - all people • Labor Force - people with jobs or able and available for work • Employed - people with jobs • Unemployed - people without jobs but able and available for work

  5. Total Population 16+ Non-institutional Pop 16+ Institutional Pop Resident Military Civilian Pop 16+ Civilian LF Out of LF Employed Unemployed Do not want job now Want a job now Full Time Frictional Part Time Seasonal Discouraged Worker Structural Other Reasons For Economic Reasons Cyclical Voluntary Labor Force - The Big Picture

  6. What is Labor Market Information?

  7. LMI Training Institute

  8. Where does this stuff come from?

  9. Census Includes data on: • employment status • occupation • hours worked • commuting

  10. Employment & Wage Reports • Filed quarterly by employers with payment of unemployment insurance taxes • practically universe count of jobs and payroll • not timely

  11. Surveys • Monthly sample of employers • Provides current estimates of employment by area and industry • Used with other data in formula to estimate unemployment

  12. Surveys - more • Another survey done annually of sample of employers • Provides estimates of employment by occupation • Also provides occupational wage data

  13. Surveys - still more • Sample of households done monthly for national Current Population Survey • Provides current estimates of employment and unemployment by demographic groups • Sample not large enough for state and local labor force estimates

  14. How do I get my hands on this stuff?

  15. America’s Career InfoNet - www.acinet.org

  16. Bureau of Labor Statistics - stats.bls.gov

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

  18. Career Information Delivery System - CIDS • State-developed computer-based systems providing occupational and educational information • Available through state occupational information coordinating committee (SOICC)

  19. State LMI offices • state/local data • specialized services • expertise • presentations • publications • web sites • see LMINet for contact info & links www.lmi-net.org

  20. LMI Training Institute

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