The resources section contains all content that has been posted to date for this community of practice. Common resources might include best practices, replicable models, implementation plans, recorded webinars, videos, research documents, and data reports. Content is typically categorized in topic related folders.
Folder: Resources\Real-Time LMI Repository
Total ( 4 )
Because of the importance real-time employment and job vacancy data, ETA has compiled a repository to better enable you to find, understand, and use this information, organized into three sections: 1) Background Sources to help you to understand these new data sources; 2) Data Sources has links to take you directly to the sites where you can immediately access data; and 3) Studies Using Real-Time Employment and/or Job Vacancy Sources, lists major studies utilizing these sources. Please send suggestions for other resources to firstname.lastname@example.org.
Real-time labor market information (LMI) is based on analyses of Internet-based job ads and other employment information, e.g., resumes. Job vacancy surveys identify job openings (synonymous with job vacancies) via employer surveys. Although the two sources do not always coincide, they help answer how well the number of job openings (i.e., employer demand for labor) matches the supply of unemployed job seekers. Job vacancies or job ads are used to count job openings, by geographic area and by industry and/or occupation. Supply is usually measured by BLS data from the Current Population Survey. These sources are used for other purposes, but labor supply vs. demand is one of the most common and important uses.
Real-time employment analyses aggregate job ads using daily Web spidering, screen-scraping, and/or indexing of job ad Web sites. Once organized into a database, this information can be analyzed to provide insights about employer needs and demands concerning skills/competencies, credentials, educational attainment, previous employment experience, and the wages offered. Such information can also be used to identify emerging occupations.
Employment, training and education programs can in turn use these results to improve their programs, and to better advise individuals make making immediate job hunting and long-term career decisions.