Defining Labor Market Data Terms and Classification Systems
On this resource page you will find glossaries for labor market data terms and coding systems.
Consider this your resource page for learning about terminology and acronyms used in the fields of labor market information and economics statistics.
Defining LMI and its Customers
The LMI Institute has provided this summary of key LMI data elements, how LMI is delivered to users, and data-delivery mechanism.
Glossaries and Dictionaries
Here, we have collected a number of glossaries and listings of acronyms that can be useful in helping you navigate through LMI and economic statistics terminology and abbreviations.
Taxonomy = Coding System
For every set of data on a particular topic, there is a coding system, or taxonomy, used to inventory, categorize and classify that information.
This is also true of industries, occupations, and training programs. Without the coding systems to help us match data, we would not be able to attach occupations to their staffing pattern in an industry, or compare the growth in related occupations, for example.
Crosswalks between coding systems exist to help us match data coded under different taxonomies.
The Education and Training Classification System
The information on education and training classification system was published by Dixie Sommers, Bureau of Labor Statistics, U.S. Department of Labor, on September 30, 2010. A two-page document is available via the link included here.
Export Harmonized System Coding System
The Harmonized System (HS) tariff classification is a 6-digit standardized numerical method of classifying traded products. HS numbers are used by customs and port authorities around the world to identify products for the application of duties and taxes.