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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)
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LMI Training Institute
Labor Market Information for Labor Market Information for dummiesdummiesThe LMI Training Institute The LMI Training Institute presentspresentsLMI LMI isis for really smart people for really smart people
LMI Training Institute
What is a labor market?What is a labor market?ConceptsConceptsDefinitionsDefinitionsLingoLingo
LMI Training Institute
A Labor Market Is . . .A Labor Market Is . . .a market for workers in a particular a market for workers in a particular industryindustry (e.g. the market for workers in (e.g. the market for workers in construction)construction)
a geographic a geographic areaarea within which residents within which residents commute to jobs commute to jobs
a market for workers in a particular a market for workers in a particular occupationoccupation, which may cross industries , which may cross industries and geographic areas (e.g. the market for and geographic areas (e.g. the market for web designers)web designers)
LMI Training Institute
Labor Market HierarchyLabor Market HierarchyPopulation - all peoplePopulation - all peopleLabor Force - people with jobs or Labor Force - people with jobs or
able and available for workable and available for workEmployed - people with jobsEmployed - people with jobsUnemployed - people without jobs Unemployed - people without jobs
but able and available for workbut able and available for work
LMI Training Institute
Labor Force - The Big PictureLabor Force - The Big Picture
Resident Military
Full Time
For Economic Reasons
Voluntary
Part Time
Employed
Frictional
Seasonal
Structural
Cyclical
Unemployed
Civilian LF
Do not want job now
Discouraged Worker
Other Reasons
Want a job now
Out of LF
Civilian Pop 16+
Non-institutional Pop 16+ Institutional Pop
Total Population 16+
LMI Training Institute
What is Labor Market What is Labor Market Information?Information?
LMI Training Institute
LMI Training Institute
Where does this stuff come Where does this stuff come from?from?
LMI Training Institute
CensusCensus
Includes data on:Includes data on:employment statusemployment statusoccupationoccupationhours workedhours workedcommutingcommuting
LMI Training Institute
Employment & Wage ReportsEmployment & Wage ReportsFiled quarterly by employers with Filed quarterly by employers with
payment of unemployment payment of unemployment insurance taxesinsurance taxes
practically universe count of jobs and practically universe count of jobs and payrollpayroll
not timelynot timely
LMI Training Institute
SurveysSurveysMonthly sample of employersMonthly sample of employersProvides current estimates of Provides current estimates of
employment by area and industryemployment by area and industryUsed with other data in formula to Used with other data in formula to
estimate unemploymentestimate unemployment
LMI Training Institute
Surveys - moreSurveys - moreAnother survey done annually of Another survey done annually of
sample of employerssample of employersProvides estimates of employment Provides estimates of employment
by occupationby occupationAlso provides occupational wage Also provides occupational wage
datadata
LMI Training Institute
Surveys - still moreSurveys - still moreSample of households done monthly Sample of households done monthly
for national Current Population for national Current Population SurveySurvey
Provides current estimates of Provides current estimates of employment and unemployment by employment and unemployment by demographic groupsdemographic groups
Sample not large enough for state Sample not large enough for state and local labor force estimatesand local labor force estimates
LMI Training Institute
How do I get my hands on How do I get my hands on this stuff?this stuff?
LMI Training Institute
America’s Career InfoNet - America’s Career InfoNet - www.acinet.orgwww.acinet.org
LMI Training Institute
Bureau of Labor Statistics - Bureau of Labor Statistics - stats.bls.govstats.bls.gov
LMI Training Institute
State LMI DatabaseState LMI Database States developing States developing
computerized computerized databases with data databases with data including:including: populationpopulation labor force labor force employment projectionsemployment projections incomeincome wageswages labor costslabor costs
job applicantsjob applicants education/training education/training
completerscompleters business listingsbusiness listings mass layoff datamass layoff data local sales & taxeslocal sales & taxes building permitsbuilding permits
LMI Training Institute
Career Information Delivery Career Information Delivery System - CIDSSystem - CIDSState-developed computer-based State-developed computer-based
systems providing occupational and systems providing occupational and educational informationeducational information
Available through state occupational Available through state occupational information coordinating committee information coordinating committee (SOICC)(SOICC)
LMI Training Institute
State LMI officesState LMI officesstate/local datastate/local dataspecialized servicesspecialized servicesexpertiseexpertisepresentationspresentationspublicationspublicationsweb sitesweb sitessee LMINet for contact info & linkssee LMINet for contact info & links
www.lmi-net.orgwww.lmi-net.org
LMI Training Institute
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