Taking the Guesswork Out of Labor Market Analysis

About

Data, data, data! Reviewing labor market information (LMI) can be overwhelming, especially in terms of how to interpret the numbers and apply that knowledge to workforce programming and funding decisions. Fortunately, this daunting task becomes more manageable when you incorporate key resources that take the guesswork out of the equation.

Why LMI Matters:

When the latest LMI data becomes available, it’s essential for state board leadership to engage in consistent, ongoing conversations with local workforce development boards (LWDBs). These discussions should focus on interpreting the data to inform strategies for reaching historically marginalized populations and preparing the future talent pipeline. To support these critical conversations, the Next Level Now (NLN) Collaborative is developing a resource for state and local boards to delve deeply into the latest LMI and assess its impact on workforce programs and service offerings. If you haven't already joined the NLN community, become a member and be sure you're signed up for community updates so you can stay tuned for more details!

In the meantime, this page offers key resources and links to dashboards to help you navigate labor market analysis with confidence.

Introduction to LMI:

LMI Training Gateway: Learn about LMI and How to Translate Data into Decision-Making

Applying LMI to Service Delivery Design

Labor Market and Business Intelligence: How They Guide Your Way

Labor Market Data Sources for Targeting Services to Special Populations

Data Exploration Tools and Resources:

Employment and Training Administration (ETA) Workforce Data Hub - ETA's Workforce Data Hub is a one-stop shop for public-facing datasets. Take the time to explore all the information at your fingertips!
Workforce Innovation and Opportunity Act (WIOA) by the Numbers Interactive Data Analysis Tool - This tool compiles performance data submitted by states on an annual basis to ETA and displays data on participants served under WIOA and the performance outcomes. All data is aggregated to respect privacy concerns.

Community Access:

For more information about LMI, we encourage you to join the LMI Central Community on WorkforceGPS! As a reminder, becoming a member of the NLN community gives you immediate access to weekly updates, the latest resources, and upcoming NLN events.

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Content Details

Topics:

Labor Market Workforce Information - General Real-Time Data Employment Projections/High Growth Employment/Unemployment/Labor Force Data Industry/Occupation Data

Target Populations:

General Audience

Programs:

Workforce Innovation and Opportunity Act (WIOA)

Geographic Locations:

National Scope

Industry Sectors:

Cross-Industry

Last Updated:
Created:
Resource Publication Date: 2024
Posted by: Jeremy Faulkner
Posted in: Next Level Now