Labor Market Information Fundamentals

Transcription

1 Labor Market Information Fundamentals

2 Thank you for joining us! The presentation will begin momentarily.

3 LMI Fundamentals Course Overview Terms and Concepts Lesson 1 LMI Programs Lesson 2 Accessing LMI Data Lesson 3

4 Your Training Window 2010 Citrix Online, LLC All rights reserved.

5 2010 Citrix Online, LLC All rights reserved. How to participate today Open and close your Panel View and select your audio Submit a question via Chat Raise your hand

6 National programs that support LMI work Identify LMI Programs Learn what data is available Discuss data usage

7 Employment and Training Administration is responsible for data usage and application Bureau of Labor Statistics is responsible for data collection LAUS CES QCEW OES

8 Collecting data on labor workforce Emphasis on PEOPLE and RESIDENCE National estimates come from BLS and are based on the Current Population Survey (CPS). Data is seasonally adjusted; involves smoothing

9 Civilian labor force Working age Not included are the confined & armed forces Employment 1 hour during the week that includes the 12th day of the month for FT or PT workers Unemployment Actively seeking work & capable Unemployment rate Ratio of unemployed/total size of labor force.

10 Sarah was laid off from a major retailer after the store, and eventually the entire mall closed 3 years ago. She s kept busy pursuing outside interests like gardening and knitting. She participates and shares with other members of her knitting circle that she d like to find employment in the near future. What label would we assign to Sarah?

11 BLS survey collects employment, hours and earnings data Uses QCEW data to benchmark employment Data is current, yet preliminary and revised Data published in Labor Market Review

12 Mario is completing a written economics report for class and retrieves CES data from the Ohiolmi.com site. He does not present for another month and devotes his time to the presentation. The day of the presentation his teacher says he did a good job, but the CES data is wrong. How could that be?

13 Data is derived from administrative info Provides detailed data on employment and total wages by county and industry Quarterly reporting (lagging) Supply data for projections and benchmarks

14 A new salon owner calls QCEW asking about their employee count. They have an employee who works at their salon, and also at a luxury beauty supply chain in the neighboring county. The owner anticipates paying UI for the employee, but because of their other job is uncertain if she should report her. Does she include her? If so, why?

15 State issued survey to employers collecting occupational and wage data by industry Two samples collected and annual publishing Provides industry staffing patterns and occupational profiles Supply information for projections

16 Joe lost his job 4 months ago as a chemist and is looking to establish a career in Ohio, because of his aging parents. He s researching OES data to find areas that are best suited for his profession. Is he looking at the right LMI data to determine the median wage, best industry to pursue and if he should move?

17 Project employment growth by industry and occupation Short-term and long-term Statewide, MSA s and JobsOhio Regions Industries: Current employment, projected employment, net growth, and percent growth Occupations: Projected annual openings, median wages, and education and training levels

18 Projections Projected demand for certain occupations and training levels How should educational resources be used? Career guidance Which careers have the best future in my area? Is my current industry expected to grow or shrink in the next 10 years?

19 Monitors trends in on-line job postings as an indicator of labor demand IDs occupations in current demand, top advertising employers and staffing agencies. Monthly reports for the state and Jobs Ohio Talent reports give snapshot s of regions workforce, including skills & educational qualifications

20 Takes the many variables in one s career equation (education, experience, geographical location, etc.) and provides a customized guide to help Ohio s job seekers make decisions about their career pathway Median annual wage Annual growth openings in jobs Annual job openings

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22 Labor Market Information Fundamentals

23 LMI Fundamentals Course Overview Terms and Concepts Lesson 1 LMI Programs Lesson 2 Accessing LMI Data Lesson 3

24 Identify Ohiolmi.com site features Determine where to access : Workforce Data (LAUS) Industry Employment & Wage Data (CES & QCEW) Occupational Employment Wage Data (OES) Explore websites that utilize LMI data Wanted Analytics In-Demand Occupations

25 Link to Program Publications, Data and Query Tools Links to OMJ & State Jobs; Resume and Job Search Tips Ohio county, MSA, One-Stop, etc. Query Tools of LMI Data Program queries, occupational information and videos, Career Exploration Tool Resource for employers about industry and occupational coding Links to College Search, Financial Aid, Adult Education, Training and Apprenticeships

26 Workforce figures and rates Opening Page Fast Facts Query Tool

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28 Most current data on employment, hours & wages Data for State and all MSA s Produces Labor Market Review

29 Universe that other programs refer Data on industry and wage Quarterly, annual, size of firm & trend tables

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32 Employment and wage data by occupation Practical Reference Wage conversion chart

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39 Wanted Analytics OhioMeansJobs Career Exploration Tool In-Demand Careers

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46 LAUS (Labor Force/Unemployment) CES (Labor Market Review) QCEW (Growing and Declining Industries) OES (Occupational Profiles) Wage Conversion Chart Employment Projections Wanted Analytics Career Exploration

47 Program Information Value URL LAUS Unemployment Rate Health of Economy CES Industry Employment Labor Market Review QCEW Employment and total wages Detailed data by county OES Industry Staffing & Occupational Patterns Concentration of Each Wanted Analytics On-Line Job Ad reports Real-time job market dynamics Career Exploration In-Demand Occupations High wages & most annual openings DemandOccupations.stm

48 Workforce Data (LAUS) Industry Employment & Wage Data (CES) Dolores Cambambia ( ) Industry Employment & Wage Data (QCEW) Michele Milligan ( ) Occupational Employment Wage Data (OES) Chris Dixon ( )

49 Thank you for your participation!