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Labor Market Information Colorado Department of Labor and Employment.

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Presentation on theme: "Labor Market Information Colorado Department of Labor and Employment."— Presentation transcript:

1 Labor Market Information Colorado Department of Labor and Employment

2 Labor Market Information Colorado Department of Labor and Employment argely ade Up nformation One Popular Opinion

3 Labor Market Information Colorado Department of Labor and Employment It’s All In The Details 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?

4 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

5 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

6 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 Researchers Government Agencies Labor

7 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

8 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

9 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

10 Labor Market Information Colorado Department of Labor and Employment Data Coding Systems Geography Statewide County Workforce Investment Area Metropolitan Statistical Area Occupation Standard Occupation Classification (SOC) County Workforce Investment Area Metropolitan Statistical Area Industry North American Industry Classification System (NAICS) 20 industry sectors Provides consistency

11 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

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13 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

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15 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

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17 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

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19 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

20 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

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23 Labor Market Information Colorado Department of Labor and Employment

24 Labor Market Information Colorado Department of Labor and Employment

25 Labor Market Information Colorado Department of Labor and Employment One More Program: Local Employment Dynamics How to Access Questions Answered

26 Labor Market Information Colorado Department of Labor and Employment For further information: Dee Funkhouser Colorado Department of Labor and Employment Labor Market Information th Street, Suite 600 Denver, CO (303)


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