Transcript Slide 1
LMI and You
DWD – BLS
Federal – State Partnership
• • • DWD is charged to create the following monthly estimates of economic activity: – Unemployment Rate – Employment by Industry statewide and MSA – Average Weekly Hours in Manufacturing – Earnings in other Industries – Mass Layoff Statistics As well as Quarterly Counts – Employment by Industry (County level) – Industrial Wages – Local Employment Dynamics Estimated Occupations and Wages (twice a year) – Metropolitan Statistical Areas (MSA) and balance of state – Source for staffing patterns and projections
The Return on Investment
• • • • • • The Tools Unemployment Rate Monthly Estimates of Employment Information used to set tax rate for employers Used to prepare projections Staffing patterns by industry Wage data by occupation • • • • The Uses Report economic change Prepare additional tools to help local workforce boards, planners and job seekers Used to help market areas by identify skill sets of possible workers Age distribution by industry – Succession Planning – Policy Implications
Wisconsin Worknet
Tools for Business
BLS Program Other Names Collection Frequency Sample Measures QCEW: Quarterly Census of Employment and Wages
Wage Record, Covered Employment and Wages, or ES-202 Quarterly
CES: Current Employment Statistics
Monthly Employment, Nonag Employment, or BLS-790 Monthly
LAUS: Local Area Unemployment Statistics
Unemployment Rate or Labor Force Data Monthly None. Universe of all businesses that are required to report Quarterly report of all employment and firms (Industry and Employment)
MLS: Mass Layoff Statistics
Mass Layoffs
OES: Occupational Employment Statistics
Wages and Employment by Job Title May and November Monthly Yes, firms in sample are based on the QCEW and some noncovered employment Indicator of rapid changes in employment available on a monthly basis (select industry, employment, and wages). Measure includes students, unpaid family and others. Designed as a time series.
None. Composite model that uses the Current Population Survey as one of its factors. Consistent measure of individuals residing in a given area that are available, able to work, are working and/or are actively seeking work None. Universe of all businesses that have a qualifying event Yes. Firms in sample are based on the QCEW universe Shows the demographic characteristics of those involved in a mass layoff. Definition of mass layoff varies by state Occupational data by industry, geographic area, and wages. Is a component for projections and staffing patterns
Time Lag
Less than one year
Updates Geography
Not available until 5 months after the end of the reported quarter Rarely—only under special circumstances Usually 6 weeks Preliminary data on date of initial release, revised data the following month, and benchmarked at end of the year (done in March) Usually 6 weeks Usually 6 weeks Preliminary data on date of initial release, revised data the following month, and benchmarked at end of the year Rarely—only under special circumstances Subject to rules of confidentiality. May include county, metropolitan statistical areas, Workforce Investment Areas, and state. Based on place of work Subject to rules of confidentiality. May include county, metropolitan statistical areas, Workforce Investment Areas, and state. Based on place of work County, metropolitan areas, Workforce Investment Areas, and labor market areas. Based on place of residence Subject to rules of confidentiality. May include county, metropolitan statistical areas, Workforce Investment Areas, and state Uses Employment Cost Index (ECI) to update data Subject to rules of confidentiality. May include metropolitan statistical areas, Workforce Investment Areas, and state