Labor Market Analysis for Informed Decision-Making

Organizational Author(s): Employment and Training Administration

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Do you ever feel like there is so much data, but you are not sure where to start?  The Employment and Training Administration offers you here a number of resources and training materials to assist you in analyzing the labor market and applying data to your decision-making process.  Data-driven planning helps you assure that you target your limited resources and efforts, so that your customers achieve positive labor market outcomes.

Guide to State and Local Workforce Data

The U.S. Employment and Training Administration’s 2nd edition of its popular Guide to State and Local Workforce Data incorporates many additions and improvements. The Guide identifies the economic, labor market and population data sources that have the most recent and most geographically-detailed industry and occupational information, and/or sources that include demographic data (e.g., gender, race, etc.).  We recently added new listings on data sources for credentials, equal employment opportunity data, unemployment insurance claims, displaced workers, Internet and computer use, and homelessness.

The Labor Market Environment:  All workforce programs operate within the context of a regional economy and labor market.  Labor market data infused into your decision-making process ensures your efforts are relevant and well-planned.

 

Using State and Local Workforce Data for Analysis and Informed Decision-Making

This training presentation and accompanying materials will help you zero in on those types of data that are most useful for planning your workforce interventions.  They will also demonstrate how you can perform a basic analysis of the data and apply it to your decision-making processes.

The Return on Investment:  Using labor market data in your planning will help you target occupations for training, identify special populations for services to reduce their barriers to employment, engage businesses, make appropriate career counseling recommendations, and much more.  With it, you can plan to achieve positive labor market outcomes for your customers.

Putting LMI to Work in Employment and Training Programs

Please also refer to this resource page for more information on applying labor market information (LMI) to workforce programs.

Fine-Tuning Your Strategic Planning Process Using LMI

Please refer to our strategic planning and LMI resources for more information on how you can infuse labor market data at various points in your planning process.

                 

 

Content Information

Content Type: Resource
Topics: Career Pathways - General | Certifications - Industry Recognized Certificates | KSAs - Knowledge Skills Abilities | Business Services - General | Sector Strategies | Career Guidance | Career Information - General | Counseling - General | Skills Transfer | Dislocated Worker Services - General | Job Readiness Services - General | Employability Skills | Career Readiness | Labor Exchange | Reemployment - General | Individual Employment Plan | Individualized Service Strategy | Earnings and Benefits Data | Economic/Economic Development Data | Employment Projections/High Growth | Employment/Unemployment/Labor Force Data | Industry/Occupation Data | Knowledge/Skills Data | Labor Market Workforce Information - General | Economic Development | Service Goals | Data-Driven Decisions | Planning Policy Governance Leadership - General | Strategic Planning | Data Sharing | Program/Operations - General | Program Design/Service Delivery | UI Worker Profiling and Reemployment Services - WPRS
Target Populations: Non-Target Population Specific

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Posted: 3/28/2016 7:01 PM
Posted By: Teresa Theis
Posted In: LMI Central
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