INTRODUCTION TO LMIWISE Your guide to regional supply and demand data.

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INTRO DUCTI ON TO LMIWISE Your guide to regio nal supply and dem and data

Transcript of INTRODUCTION TO LMIWISE Your guide to regional supply and demand data.

INTR

ODUCTION T

O LMIW

ISE

Your g

uide

to re

gional

supply

and d

eman

d dat

a

• A user-friendly website introducing regional labor market supply and demand data.

• A step-by-step guide to assist academic program planners in interpreting labor market information

• A link to other data sources helping planners gain a comprehensive view of the labor market.

• A web tool designed by staff from MnSCU Academic Programs, ISEEK and Department of Employment & Economic Development.

What is LMIwise?

Academic Program classification codes (CIPs) are linked to one or more job codes (SOCs). These relationships are called “Occupation Program Sets”

How does it work?

Occupation-Program Set: “Accountants and Auditors”

52.0601: Business/Manageri

al Economics

52.0305: Accounting &

Business/Management

52.0304: Accounting and

Finance

52.0301: Accounting

43.0117: Financial Forensics and

Fraud Investigation

SOC Code 13-2011

Region Employment

Projected Annual

Openings

Projected

Growth

Current Demand

Median

Wage

Entry-Level

Education

Statewide 22,460 947 Above statewid

e average

5 stars $29.80 Bachelor's

degree

What information will I receive?

Demand Data: SOC Code 13-2011 Accountants and Auditors

Supply Data: CIP codes 43.0117, 52.0301, 52.0304, 52.0305, 52.0601

Trend Graphs

You may download a Data Interpretation Guide that includes the supply and demand data from your search. Included in the guide are questions for consideration and tips about how to better understand the data.

As a convenience, LMIwise offers links to additional data sources. Use of other sources is necessary in order for planners to develop a comprehensive understanding of the findings.