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 on this page, 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. Please click the links under related content for more information.
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.
Education Classification and Occupational Coding Systems
Definitions on the education and training classification system were published by the Bureau of Labor Statistics (BLS) on September 30, 2010. A two-page document is available via the link included here.
The Classification of Instructional Programs (CIP) codes categorize all types of education and training, and they may be cross-walked to the Standard Occupational Coding (SOC) system, which forms part of the larger O*NET (Occupational Network) coding system to capture skills and detailed work characteristics and activities in occupations. The O*NET-SOC 2019 taxonomy transitioned to the SOC 2018 version on November 17, 2020.
Industry Sector and Export Coding Systems
The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.
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.
Because occupations form the staffing patterns in industries, NAICS to SOC crosswalks also exist. For more information, please see the Census Bureau and BLS webpages for additional crosswalk resources.