Introduction to LMIwise

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

description

Introduction to LMIwise. Your guide to regional supply and demand data. What is LMIwise?. 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 - PowerPoint PPT Presentation

Transcript of Introduction to LMIwise

Page 1: Introduction to LMIwise

INTR

ODUCTION T

O LMIW

ISE

Your g

uide

to re

gional

supply

and d

eman

d dat

a

Page 2: Introduction to LMIwise

• 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?

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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

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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

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

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Trend Graphs

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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.

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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.