labor market info rm ation l m i l.
Skip this Video
Loading SlideShow in 5 Seconds..
Labor Market Info rm ation ( L M I ) PowerPoint Presentation
Download Presentation
Labor Market Info rm ation ( L M I )

Loading in 2 Seconds...

play fullscreen
1 / 26

Labor Market Info rm ation ( L M I ) - PowerPoint PPT Presentation

  • Uploaded on

Labor Market Info rm ation ( L M I ) Arizona Workforce Informer Labor Market Information Research Administration Arizona Department of Commerce Arizona Workforce Informer People are more than statistics People are more than statistics SO What? What are the practical

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

Labor Market Info rm ation ( L M I )

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
labor market info rm ation l m i
Labor Market Information( L M I )

Arizona Workforce Informer


Labor Market InformationResearch AdministrationArizona Department of Workforce Informer

people are more than statistics
People are more than statistics

People are more than statistics



What are the



What can I use?

labor market information so what
Labor Market Information -- SO WHAT!
  • A person (yourself, client, student, relative, friend) invests time, effort, dreams, money, & plans for a career -- only to find later that there is not a good market for the occupation.
  • Career Advice – We have all heard “Do what you love” – good advice . . .
  • But make sure there is a market for it. That’s where Labor Market Information comes in.
but is lmi tmi or tma
  • Acronyms
  • Key – Different User groups
    • Job Seekers, Students, Parents, General Public
    • One Stop Front Line Staff, Employment Specialists, Job Developers, Counselors, Teachers
    • Labor Market Analysts, Researchers, Economists
    • Decision makers in Education, Business, & Government; Economic Developers, Policy Makers
different data sources uses
Different data sources & uses
  • Monthly survey of businesses – estimate of employment by industry LINK
  • Monthly survey of households – estimates of unemployed & employed – unemployment rate LINK
  • Quarterly count of employment & wages fromLINKUnemployment Insurance reports (up to 98% of employers)
  • Annual survey of occupational wages & employment LINK
  • Forecasts of Industries & Occupations LINK
  • Census & Population estimates & forecasts LINK
how occupations industries are defined organized
How Occupations & Industries are Defined & Organized
  • Occupation (describes what a worker does)
    • Standard Occupation Classification (SOC)
    • Six digit occupation code (O*NET has eight)
    • The more digits, the more detail (hierarchal)
  • Industry (describes what the business does)
    • North American Industry Classification System (NAICS)
    • Six digit industry code
    • The more digits, the more detail(hierarchal)
two main format options for labor market data on the workforce informer website
Two main format options for Labor Market data on the Workforce Informer website
  • “Ready made” tables and publications
  • Dynamic, interactive data tables from online database queries

Navigation tips for Workforce Informer website

1. Page tabs

2. Left side Menu bar

3. Search box

4. Contact us

“If all else fails,ask directions”

5. content index

Alphabetical list of contents

labor market information graphs

Labor Market Information Graphs

Click here for graphs

how can labor market statistics help with performance goals and planning help people
How can Labor Market Statistics help with Performance Goals and Planning?(help people)

Goal: Training and placing people in high demand occupations

1st Step: Identify the high demand occupations in the local job market

demand occupations
Demand Occupations

How can we identify

high demand occupations?

  • Fast Growing?
  • Most Job Openings?
  • High Paying?
  • High Skill?
  • Low Turnover?
  • Training/Education Requirements?
comparing arizona occupations see handouts 2 3 4
Comparing Arizona Occupations(see handouts 2, 3, & 4)
  • Short sample lists of occupations ranked high to low based on:
    • Growth rate (handout #2)
    • Job openings (handout #3)
    • Wage (handout #4)
  • Ranking allows for easier comparisons
    • Many fast growing occupations do not have the most job openings
    • Occupations with the most openings are not necessarily high paying
    • Education & training requirements can limit choices
  • Can we combine this in one report instead of three?

Training& Education ResourceModel T E R M -- ranks occupations by:

YES! –
  • Percentage growth rates
  • Number of projected openings
  • Average Wages
  • O*NET Skills
  • Turnover Ratios (Growth/Separations)
  • Education/ Training Level Requirements
  • All in one report!

Handout #5

Training/ Education

TERM diagram:

High Skill

Most Job Openings

Fast Growing

Top TERM Occupations

Low Turnover

High Pay

different scenarios different options 4 examples
Different scenarios, different options4 examples
  • “All” occupations listing (Handout #5) (notes #6)
    • No restrictions on training & education codes (1-11)
    • 10 year employment forecast (2006 - 2016)
  • Top “No College Required” Occupations (Handout #7)
    • Limited to “no college degree” occupations (Training & Ed codes 7-11)
    • 10 year employment forecast (2006-2016)
  • Top Associates Degree Occupations (Handout #8)
    • Limited to Associates Degree occupations (Training & Ed code 6)
    • 10 year employment forecast (2006-2016)
  • Top “On the Job Training” Occupations (Handout #9)
    • Limited to “OJT” occupations (Training & Ed codes 9 - 10)
    • 10 year employment forecast (2006-2016)
occupation page
Occupation Page

Where can I find the TERM reports?

1.On home page left menu, select “economy”

2. Then click “occupations”

Expanded versions of handout # 5

Expanded versions of handouts #2, 3 & 4

wages page
Wages Page

For detailed wage data, select “wages & income” after selecting economy

occupation wage by industry
Occupation Wage by Industry

Occupation Wages by Industry



Mean = Average

10th%ile = Bottom 10 percent make this amount or less

Median = Middle

90th%ile=Top 10 percent make this amount or more

next tour of website www workforce az gov arizona workforce informer

Next, Tour of Website Workforce Informer

Research AdministrationArizona Department of Commerce