The Essential Role of Federal Labor Market Statistics - Putting America to Work with LMI

STEM Career Preparation

The Brookings Metropolitan Policy Program published a paper by Andrew Reamer in 2010 entitled, "Putting America to Work: The Essential Role of Federal Labor Market Statistics." 

It provides detailed recommendations for actions by various federal statistical agencies and their leadership to facilitate the national labor exchange function.

The Brookings Institution then held a roundtable with presentations that explored various aspects of the labor market information system in America.

The Essential Role of Data in the Labor Exchange Function

The United States faces two challenges in providing the opportunity for gainful and meaningful employment to all its citizens.

The first is that workers and their communities must adjust to the ongoing industry restructuring, and the shift toward greater skill requirements and higher educational attainment. 

This is evidenced in the local wisdom from business leaders by their reports of a growing mismatch between worker abilities and employer needs.

The second challenge is the cyclical one due to moving the economy out of the Great Recession, with globally interconnected markets impacting business practices. 

To address these twin challenges, well-working labor markets are essential.  

             

 A component of that labor exchange efficient functioning is that employment decisions are based on sound labor market information, enabling intelligent choices about career paths, hiring, training, and public investment and policy.

The federal statistical system, to adequately serving the needs of the full array of labor market participants and policymakers, must constantly innovate its ability to meet the consumer's need for data. 

Andrew Reamer's paper aims to provide a vision of a federal labor statistics system that enables Americans to gain productive occupations, and a roadmap for implementing that vision. 

Challenges for LMI Innovation

Published By John Dorrer, Director for the Center for Workforce Research and Information at the Maine Department of Labor, this workshop during the Brookings Institution roundtable presented challenges that America's labor market information system (ALMIS) faced at the time in terms of continuous innovation in data products and data dissemination.

                      Education Demand and The Future of American Labor Markets


Comments


Post Information

Likes:
Views: 25
Posted: 8/24/2017 8:47 PM
Posted By: Teresa Theis
Posted In: LMI Central
Like Share Print Email