LMI
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Labor market information includes all quantitative or qualitative data and analysis related to employment and the workforce. The goal of LMI is to help customers make informed plans, choices, and decisions for a variety of purposes, including business investment decision making, career planning and preparation, education and training offerings, job search opportunities, hiring, and public or private workforce investments.
Key LMI Data Elements
In its most basic form, a labor market information system begins with quantitative data elements collected, organized, and analyzed in ways that measure and assess the:
Key LMI Data Elements
In its most basic form, a labor market information system begins with quantitative data elements collected, organized, and analyzed in ways that measure and assess the:
- Size and characteristics of the labor market, including the demand for and supply of labor and the intersection thereof
- Factors that influence labor market and economic conditions
- Industry and occupational characteristics of the work being done
- Capacity and immediate results from education, training, and job placement
- Combination of data sets to describe the workforce by industry, occupation, or educational attainment
- Factors that influence labor market and economic conditions
- Trends in the economy and workforce
- Needs and expectations of industries
- Perceived value of education and certificate programs (existing and proposed)