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Labor Market Information
Colorado Department of Labor and Employment
Labor Market Information
Colorado Department of Labor and Employment
One
Popular
Opinion
argely
ade Up
nformation
Labor Market Information
It’s All In The Details
Colorado Department of Labor and Employment
1.
What is 5 divided by ½, plus 3?
2.
I have two coins making 55 cents but one is not a nickel. How can that be?
3.
Why are 1977 dollars worth more than 1976 dollars?
4.
What word in the English language does nearly everyone pronounce incorrectly?
5.
In the United States is it legal for a man to marry his widow’s sister?
6.
How much dirt is there in a hole that measures two feet by three feet by four feet?
7.
Some months have 30 days, some months have 31 days, how many have 28?
8.
Which is correct – eight and eight IS fifteen or eight and eight Are fifteen?
9.
A 10 foot rope ladder hangs over the side of a boat with the bottom rung at the
surface of the water. There is one foot between the rungs and the tide goes up at
the rate of 6 inches per hour. How long until three rungs are covered?
10. Mr. And Mrs. Smith have six daughters and each daughter has one brother. How
many people are in the family?
Labor Market Information
Colorado Department of Labor and Employment
Labor Market Information:
Definitions
• A dynamic and systematic
approach to workforce data
• Any data or analysis that relates
to the workforce
• Designed to meet the changing
needs of our customers
Labor Market Information
Colorado Department of Labor and Employment
Labor Market Information:
Definitions
• Industry Employment and Wages
• Occupation Employment and
Wages
• Demand for Workers
• Current
• Future
Labor Market Information
Colorado Department of Labor and Employment
LMI: Our Customers
• U.S. Department of Labor
Bureau of Labor Statistics
• Our Workforce System
• Workforce Centers and Programs
• Business and Organizations like Chambers of
Commerce, Economic Development Corporations,
Professional Groups
• Educators
• Government Agencies
• Researchers
•
Labor
Labor Market Information
Colorado Department of Labor and Employment
LMI: How It Can Help You
Help Your Business Customers
• Helpful to business planning processes
• Assists with workforce-related
business task performance
Labor Market Information
Colorado Department of Labor and Employment
LMI: How It Can Help You Help
Your Job Seeking Customers
• Career decision making
• Job Search
Labor Market Information
Colorado Department of Labor and Employment
Today’s Agenda
• Basics of Labor Market
Information (LMI)
• Where You Find LMI
• How You Use LMI
Labor Market Information
Colorado Department of Labor and Employment
Data Coding Systems
Industry
Occupation
Geography
• North American
Industry
Classification
System (NAICS)
• Standard
Occupation
Classification (SOC)
• Statewide
• County
• 20 industry
sectors
• Workforce
Investment Area
• Metropolitan
Statistical Area
• Workforce
Investment
Area
• Provides
consistency
• County
• Metropolitan
Statistical
Area
Labor Market Information
Colorado Department of Labor and Employment
Quarterly Census of Employment
and Wages (QCEW)
• Data from UI tax records, collected quarterly
• Employment and aggregate wage levels at the
highest detail available, by location and industry
• Assigns industry codes
• Foundation of all BLS/LMI programs
Labor Market Information
Colorado Department of Labor and Employment
Current Employment
Statistics (CES)
•
Monthly estimate of employment
•
Statewide and all MSA’s
•
Industry detail limited
•
Benchmarked annually to the QCEW
•
True time series
Labor Market Information
Colorado Department of Labor and Employment
Local Area Unemployment
Statistics (LAUS)
• Data from a monthly household survey and
UI claims
• Employment data from CES and QCEW
• Labor force estimates – total workforce,
employed, unemployed, unemployment rate
• Statewide, MSA, labor market areas,
counties, and cities above 25,000
Labor Market Information
Colorado Department of Labor and Employment
Occupation Employment
Statistics (OES)
• Wage estimates by occupation
• Employment level by occupation
• Statewide, MSA, and balance of state estimates
• Occupation by industry at national level
• Data from a sample of QCEW employers
Labor Market Information
Colorado Department of Labor and Employment
Mass Layoff Statistics (MLS)
• Data from UI claims and employers
• Layoffs of more than 50 workers for
more than 30 days
• Local reports quarterly
• National reports monthly
Labor Market Information
Colorado Department of Labor and Employment
Projections
• Both short (2 year) and
long (10 year) term projections
• Statewide and MSA level
• Industry
• Occupation
Labor Market Information
Colorado Department of Labor and Employment
www.coworkforce.com/lmigateway
Labor Market Information
Colorado Department of Labor and Employment
www.coworkforce.com/lmigateway
Labor Market Information
Colorado Department of Labor and Employment
One More Program:
Local Employment Dynamics
• How to Access
• Questions Answered
Labor Market Information
Colorado Department of Labor and Employment
For further information:
Dee Funkhouser
Colorado Department of Labor and Employment
Labor Market Information
633 17th Street, Suite 600
Denver, CO 80202
(303) 318-8865