Labor Market Information (LMI) - IN.gov NORTH_LMI Workshop_SLIDES.pdf · Why is LMI Important? ü...
Transcript of Labor Market Information (LMI) - IN.gov NORTH_LMI Workshop_SLIDES.pdf · Why is LMI Important? ü...
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LaborMarketInformation(LMI)WhenWordsAren’tEnough
ToTelltheFullStory
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Agenda§ Welcomeandintroductions§ WhatisLMI?§ Definitions§ Keysourcesandapplications
§ LMIexamples§ Discussion:WorkingtheLMI§ Interactiveactivity§ ReportoutandQ&A
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WhatisLMI?
ü Statisticalinformationthatcoversprincipalelementsofthelabormarket.
ü Includes,butisnotlimitedto:§ Previous,existingandexpectedindustriesand
occupationsjobgrowth.§ Jobopenings.§ Age,gender,racialcompositiontrendsinworkforce.§ Industry/occupationsearningsand/orwagestrends.§ Educationandskillsrequirements.
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WhatisLMI?
§ Locationquotients.(Theconcentrationofanindustry,cluster,occupationordemographicgroupinaregioncomparedtothenation.)
§ Percapitaincomecomparedtothenation.§ Householdincome,education,parentstatus,
employment,carownership,etc.bycensustract.§ Volumeofoccupation-specificjobadspostedonlineby
employers.§ Unemploymentandlaborforcedata.
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WhyisLMIImportant?
ü Changestheconversationfromperceptionoranecdotetoconcrete(orinsomecasesnearlyconcrete)evidence.
ü Develops“go-to”relationshipswithkeystakeholders,includingemployers,individuals,economicdevelopmentofficials,communitycollaborations,etc.
ü Helpsemployersinhiringandstrategicplanningdecisions.ü Helpsindividualsintheintentionalchartingofcareerpaths.ü Helpseveryoneunderstandtheforcesthataredrivinga
region’seconomyandworkforce.
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WhyisLMIImportant?
ü Inthecaseofsectorstrategiesand/orsectorpartnerships:§ Helpsidentifyworkforce/educationsupplyand
demandwithinaparticularsector.§ Helpsindevelopingtrainingandeducationprograms
and/orcareerpathways.§ Helpsintalentretentioninitiatives.§ Helpsincreatinggeneralawarenessofsector
strategyprioritiesandchartingoutcomes.§ Isessentialtofundraisingtosupportsectorstrategy
work.
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LMISources
ü QuarterlyCensusofEmploymentandWages(QCEW)§ Thisdatasetprovidesacountofpayroll-based
employmentandwagesbasedonquarterlyunemploymentinsurancepayment(byemployer)filingstothestates.
§ Pros:Coversroughly95%ofemployees.§ Cons:Timelagsandsuppressions.
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LMISources
ü OccupationalEmploymentStatistics(OES)§ Thissurveydatasetprovidesthenumberofpeople
employedinmorethan800occupationtitles(andtheirwages)definedbythefederalstatisticalsystem.
§ Pros:Bestsurveydatasourceforoccupationaldata.§ Cons:Sometimesfederallydefinedoccupationsarenot
asdetailedassomemaypreferandtherearesomesuppressions.
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LMISources
ü LaborForceUnemploymentStatistics(LAUS)§ Thisdatasetprovidesmonthlyestimatesbyplaceof
residenceoftotalemploymentandunemployment.Availableinseasonallyadjustedornotseasonallyadjustedforms.
§ Pros:Updatedmonthly.Otherdetaileddata(suchasveteransdata)isavailableatanationallevel.
§ Cons:Detaileddatanotavailableatlocallevel.
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www.hoosierdata.in.gov
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LMISources
ü AmericanCommunitySurvey§ Thissurveydatasetprovidesacountofjobs,educational
attainment,veterans,whetherpeopleownorrenttheirhome,andmanymoretopics.Availableasone- andfive-yearestimates.
§ Pros:Offerslocalleveldata.Manytopicscanbecross-referenced.
§ Cons:Timelagsandfive-yearestimatesmustbeusedtoobtaincertaindetaileddata.
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LMISources
ü BurningGlassorHelpWantedOnLine§ Bothoftheseprivatecompaniesprovidedataononline
jobads.Theyscrapefromonlinejobboardsandmanycorporatesitesthatposttheirownjobads,thengothroughaprocesscalleddeduplication.
§ Pros:Providesimmediateinsightintoemployersandwhattheyarelookingfor(occupations,skills,certifications,etc.)
§ Cons:Notequallyrepresentativeofthelabormarket
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LMISources
ü Emsi orChmura§ Bothoftheseprivatescompaniesprovidesdatathatuses
manygovernmentsources§ Pros:Removesmanysuppressionsbylookingatall
governmentsourcestofillingaps.Closetoreal-timedata.
§ Cons:Doesnotalwaysmatchupwithsomegovernmentdatasources.Sometopicaldatapointsofthegovernmentsourcescan’tbeaddedtothedataset.
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GettoknowyourregionalanalystRegion 1: Kathy Jaworski [email protected]
Region 2: Kathy Jaworski [email protected]
Region 3: Kent Sellers [email protected]
Region 4: Cassie Janes [email protected]
Region 5: TBD
Region 6: Kent Sellers [email protected]
Region 7: Kim Stevenson [email protected]
Region 8: Cassie Janes [email protected]
Region 9: Jillian Gregory [email protected]
Region 10: Jillian Gregory [email protected]
Region 11: Kim Stevenson [email protected]
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LMIExamples
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NobleCountyMillennialsonManufacturing
• https://www.youtube.com/watch?v=kZGFqx31cSc
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WorkingtheLMI:AConversation
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Interactive:StrategyPlanning
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Questions?
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ContactInformation• RickFarrant SaraLamback• NortheastIndianaWorks JobsfortheFuture• (260)414-6249 [email protected]• [email protected]
• KentSellers• IndianaDepartmentofWorkforceDevelopment• (260)469-4313•