Labor Market Information Colorado Department of Labor and Employment.

Labor Market Information

Colorado Department of Labor and Employment



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It’s All In The Details

1. What is 5 divided by ½, plus 3?

2. I have two coins making 55 cents but one is not a nickel. How can that be?

3. Why are 1977 dollars worth more than 1976 dollars?

4. What word in the English language does nearly everyone pronounce incorrectly?

5. In the United States is it legal for a man to marry his widow’s sister?

6. How much dirt is there in a hole that measures two feet by three feet by four feet?

7. Some months have 30 days, some months have 31 days, how many have 28?

8. Which is correct – eight and eight IS fifteen or eight and eight Are fifteen?

9. A 10 foot rope ladder hangs over the side of a boat with the bottom rung at the surface of the water. There is one foot between the rungs and the tide goes up at the rate of 6 inches per hour. How long until three rungs are covered?

10. Mr. And Mrs. Smith have six daughters and each daughter has one brother. How many people are in the family?



Labor Market Information: Definitions

• A dynamic and systematic approach to workforce data

• Any data or analysis that relates to the workforce

• Designed to meet the changing needs of our customers



Labor Market Information: Definitions

• Industry Employment and Wages

• Occupation Employment and Wages

• Demand for Workers• Current• Future



LMI: Our Customers

• U.S. Department of Labor Bureau of Labor Statistics

• Our Workforce System• Workforce Centers and Programs

• Business and Organizations like Chambers of Commerce, Economic Development Corporations, Professional Groups

• Educators

• Researchers

• Government Agencies

• Labor



LMI: How It Can Help You Help Your Business Customers

• Helpful to business planning processes

• Assists with workforce-related business task performance



LMI: How It Can Help You Help Your Job Seeking Customers

• Career decision making

• Job Search



Today’s Agenda

• Basics of Labor Market Information (LMI)

• Where You Find LMI

• How You Use LMI



Data Coding Systems

Geography• Statewide

• County

• Workforce Investment Area

• Metropolitan Statistical Area

Occupation• Standard

Occupation Classification (SOC)

• County

• Workforce Investment Area

• Metropolitan Statistical Area

Industry• North American

Industry Classification System (NAICS)

• 20 industry sectors

• Provides

consistency



Quarterly Census of Employment and Wages (QCEW)

• Data from UI tax records, collected quarterly

• Employment and aggregate wage levels at the highest detail available, by location and industry

• Assigns industry codes

• Foundation of all BLS/LMI programs



Current Employment Statistics (CES)

• Monthly estimate of employment

• Statewide and all MSA’s

• Industry detail limited

• Benchmarked annually to the QCEW

• True time series



Local Area Unemployment Statistics (LAUS)

• Data from a monthly household survey and UI claims

• Employment data from CES and QCEW

• Labor force estimates – total workforce, employed, unemployed, unemployment rate

• Statewide, MSA, labor market areas, counties, and cities above 25,000



Occupation Employment Statistics (OES)

• Wage estimates by occupation

• Employment level by occupation

• Statewide, MSA, and balance of state estimates

• Occupation by industry at national level

• Data from a sample of QCEW employers



Mass Layoff Statistics (MLS)

• Data from UI claims and employers

• Layoffs of more than 50 workers for more than 30 days

• Local reports quarterly

• National reports monthly



Projections

• Both short (2 year) and long (10 year) term projections

• Statewide and MSA level

• Industry

• Occupation



www.coworkforce.com/lmigateway



One More Program: Local Employment Dynamics

• How to Access

• Questions Answered



For further information:

Dee Funkhouser Colorado Department of Labor and Employment Labor Market Information 633 17th Street, Suite 600 Denver, CO 80202

(303) 318-8865

Labor Market Information Colorado Department of Labor and Employment.

Documents

Transcript of Labor Market Information Colorado Department of Labor and Employment.