LMI and You DWD – BLS

Federal – State Partnership DWD is charged to create the following monthly estimates of economic activity: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 CountsAs well as Quarterly Counts –Employment by Industry (County level) –Industrial Wages –Local Employment Dynamics Estimated Occupations and Wages (twice a year)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 RateUnemployment Rate Monthly Estimates of EmploymentMonthly Estimates of Employment Information used to set tax rate for employersInformation used to set tax rate for employers Used to prepare projectionsUsed to prepare projections Staffing patterns by industryStaffing patterns by industry Wage data by occupationWage 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 QCEW: Quarterly Census of Employment and Wages CES: Current Employment Statistics LAUS: Local Area Unemployment Statistics MLS: Mass Layoff Statistics OES: Occupational Employment Statistics Other NamesWage Record, Covered Employment and Wages, or ES-202 Monthly Employment, Nonag Employment, or BLS-790 Unemployment Rate or Labor Force Data Mass LayoffsWages and Employment by Job Title Collection Frequency QuarterlyMonthly May and November SampleNone. Universe of all businesses that are required to report Yes, firms in sample are based on the QCEW and some noncovered employment None. Composite model that uses the Current Population Survey as one of its factors. None. Universe of all businesses that have a qualifying event Yes. Firms in sample are based on the QCEW universe MeasuresQuarterly report of all employment and firms (Industry and 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. Consistent measure of individuals residing in a given area that are available, able to work, are working and/or are actively seeking work 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 LagNot available until 5 months after the end of the reported quarter Usually 6 weeks Less than one year UpdatesRarely—only under special circumstances Preliminary data on date of initial release, revised data the following month, and benchmarked at end of the year (done in March) Preliminary data on date of initial release, revised data the following month, and benchmarked at end of the year Rarely—only under special circumstances Uses Employment Cost Index (ECI) to update data GeographySubject 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 Subject to rules of confidentiality. May include metropolitan statistical areas, Workforce Investment Areas, and state

Questions/Contacts Labor Market InformationLabor Market Information Nelse Grundvig WorknetWorknet Grant Westfall