Overview of Labor Market Information "LMI Lite"
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An introductory level presentation to expose agency staff to labor market information
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Overview of Labor Market Information "LMI Lite"
- 1. South Carolina Department of Employment and Workforce 1 Overview of Labor Market Information (LMI) “LMI Lite”
- 2. AGENDA • What is LMI? – Users – Uses – Questions it can answer • LMI Data Types – Labor Force – Employment – Wages/Income – Career Planning • How to get LMI 2 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” Note: The department in DEW that collects, produces, and analyzes labor market information is the Business Intelligence Department (BID). The data is called LMI.
- 3. What is Labor Market Information (LMI)? LMI (or workforce information) refers to “the publicly available collections of facts, data, or analysis related to a particular labor market, including economic and business trends that can be used by information users to make decisions.” 3 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” Translation: Data or analysis about the labor market that is used to make decisions
- 4. Who Uses LMI? 4 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” Our customers are the same as those who use our reemployment and unemployment insurance services. When used in conjunction with job seeker data, LMI offers an overview of characteristics for: •Workers •Jobseekers •Employers •Policymakers, and •Workforce and educational professionals
- 5. What is LMI Used For? 5 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” • Monitor economic trends at national, state, and local level • Develop policy (national, fiscal, monetary, budgets, taxes, etc.) • Planning (long-term, short-term, strategic) • Program planning • Wage and employment • Workforce development • Economic development and human resource planning • Education and training
- 6. What questions can LMI answer? 6 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” • What jobs are out there? • What jobs will be out there in the future? • What do jobs pay in this area? • What are the brightest industries in this area? • Where can I find qualified workers?
- 7. The biggest question of all… “What’s in it for you?” 7 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” •Knowledge is power. •The more you know, the better the decisions you will make and the better the information that you will share. • Understanding the workforce dynamics for your area will help you make better matches between jobseekers and employers. •Knowing where to find answers quickly will save you valuable time.
- 8. LMI Data Types Most requested types of LMI data: •Labor Force •Employment •Wage/Income •Career Planning 8
- 9. Labor Force Definitions (From surveys of workers at their residence) 9 Employed: Persons 16 years old or older who worked for pay (at least one hour) any time during the week that included the 12th of the month. Unemployed: Persons 16 years old or older who are not working but are actively seeking a job, and are able and willing to work; not just those receiving unemployment insurance benefits Labor Force: Employed plus unemployed; not just these who are “laboring” but those who are working AND want to work Unemployment Rate: Unemployment divided by labor force to get a percentage
- 10. Employment Data (From the employer end, also called Payroll Employment) INDUSTRY •Reported by employers (industry) i.e. place of work or payroll •A census (annually) and a survey (monthly) •By county, Metropolitan Statistical Area (MSA), Local Workforce Development Area (LWDA), and state 10 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” OCCUPATIONAL •By occupation •Reported by employers •Survey •Annual •By MSA and state
- 11. Employment Examples 11 Title 2015 Emp. Entry Wage Average Wage Median Wage Experienced Wage All Occupations 35,230 8.19 17.18 13.29 29.66 Team Assemblers 1,390 9.79 16.36 17.01 22.56 Cashiers 1,310 7.69 8.67 8.61 9.73 Retail Salespersons 1,200 7.88 11.37 9.51 17.09 Laborers and Freight, Stock, and Material Movers, Hand890 8.12 12.40 10.74 21.02 Combined Food Preparation and Serving Workers, Including Fast Food830 7.64 8.73 8.60 11.29 Office Clerks, General 750 8.14 12.00 11.30 17.66 Top 20 Occupations by Employment with Wages, Sumter MSA, 2015 Industry # of Establishments Average Employment Average Weekly Wage Total, All Industries 125,651 1,949,749 $808 Health Care and Social Assistance 10,098 255,519 $907 Retail Trade 17,979 242,873 $502 Manufacturing 5,549 235,848 $1,089 Accommodation and Food Services 10,272 210,547 $320 Educational Services 2,578 167,411 $790 Administrative/Support/Waste Management/Remediation 7,928 157,427 $632 Public Administration 1,849 112,708 $829 Professional, Scientific, and Technical Servi 15,844 89,860 $1,273 Construction 11,217 86,936 $924 Wholesale Trade 8,588 70,825 $1,227 Finance and Insurance 7,173 66,947 $1,204 Transportation and Warehousing 3,490 66,633 $822 Other Services 11,682 50,825 $599 Arts, Entertainment, and Recreation 1,892 31,297 $379 Information 2,270 29,013 $1,064 Real Estate and Rental and Leasing 4,946 28,953 $787 Utilities 363 17,452 $1,565 Management of Companies and Enterprises 738 16,659 $1,377 Agriculture, Forestry, Fishing and Hunting 1,076 10,779 $649 Mining, Quarrying, and Oil and Gas Extraction 119 1,238 $1,315 2015 Annual Census of Employment and Wages for South Carolina Kinds of companies Jobs within companies
- 12. Wage/Income data • Hourly and annual wages • Entry, average (a.k.a. mean), median (a.k.a. middle), and experienced wages • By occupation (annual) and industry (monthly, quarterly, and annual) • Captured along with employment data 12
- 13. Wages by Industry and Occupation 13 Title 2015 Emp. Entry Wage Average Wage Median Wage Experienced Wage All Occupations 35,230 8.19 17.18 13.29 29.66 Team Assemblers 1,390 9.79 16.36 17.01 22.56 Cashiers 1,310 7.69 8.67 8.61 9.73 Retail Salespersons 1,200 7.88 11.37 9.51 17.09 Laborers and Freight, Stock, and Material Movers, Hand890 8.12 12.40 10.74 21.02 Combined Food Preparation and Serving Workers, Including Fast Food830 7.64 8.73 8.60 11.29 Office Clerks, General 750 8.14 12.00 11.30 17.66 Top 20 Occupations by Employment with Wages, Sumter MSA, 2015 Industry # of Establishments Average Employment Average Weekly Wage Total, All Industries 125,651 1,949,749 $808 Health Care and Social Assistance 10,098 255,519 $907 Retail Trade 17,979 242,873 $502 Manufacturing 5,549 235,848 $1,089 Accommodation and Food Services 10,272 210,547 $320 Educational Services 2,578 167,411 $790 Administrative/Support/Waste Management/Remediation 7,928 157,427 $632 Public Administration 1,849 112,708 $829 Professional, Scientific, and Technical Servi 15,844 89,860 $1,273 Construction 11,217 86,936 $924 Wholesale Trade 8,588 70,825 $1,227 Finance and Insurance 7,173 66,947 $1,204 Transportation and Warehousing 3,490 66,633 $822 Other Services 11,682 50,825 $599 Arts, Entertainment, and Recreation 1,892 31,297 $379 Information 2,270 29,013 $1,064 Real Estate and Rental and Leasing 4,946 28,953 $787 Utilities 363 17,452 $1,565 Management of Companies and Enterprises 738 16,659 $1,377 Agriculture, Forestry, Fishing and Hunting 1,076 10,779 $649 Mining, Quarrying, and Oil and Gas Extraction 119 1,238 $1,315 2015 Annual Census of Employment and Wages for South Carolina Kinds of companies Jobs within companies
- 14. Projections by Occupation • Looks at a long-term (10 years) forecast • Statewide is done in even years • LWDA is done in odd years 14 “PUTTING SOUTH CAROLINIANS BACK TO WORK!”
- 15. Projections by Occupation 15 Occupation Title # change % change Avg. Hourly Wage ($) Education For Entry* All Occupations 169,388 8.3 19.51 Combined Food Preparation and Serving Workers, Including Fast Food 7,086 15.5 8.56 No educational credential+short OJT Registered Nurses 6,085 14.5 29.38 Bachelor's Team Assemblers 6,036 13.1 15.23 HS diploma/GED+moderate OJT Retail Salespersons 5,644 8.0 11.61 No educational credential+short OJT Laborers and Freight, Stock, and Material Movers, Hand 5,435 12.3 12.68 No educational credential+short OJT Customer Service Representatives 5,334 11.9 14.88 HS diploma/GED+short OJT Home Health Aides 3,683 33.5 9.75 No educational credential+short OJT Cooks, Restaurant 3,670 19.4 10.19 No educational credential+less than 5 yrs. exp. Janitors and Cleaners, Except Maids and Housekeeping Cleaners 3,187 10.1 10.29 No educational credential+short OJT Personal Care Aides 3,168 23.8 9.22 No educational credential+short OJT Nursing Assistants 3,134 16.1 11.59 Technical nondegree General and Operations Managers 2,614 9.1 46.17 Bachelor's+5 yrs. or more exp. Waiters and Waitresses 2,557 6.8 9.49 No educational credential+short OJT Construction Laborers 2,476 14.4 14.42 No educational credential+short OJT Heavy and Tractor-Trailer Truck Drivers 2,191 8.9 19.51 Technical nondegree+short OJT First-Line Supervisors of Food Preparation and Serving Workers 2,097 13.8 14.86 HS diploma/GED+less than 5 yrs. exp. First-Line Supervisors of Office and Administrative Support Workers 2,090 8.3 23.58 HS diploma/GED+less than 5 yrs. exp. Cashiers 2,084 3.4 8.94 No educational credential+short OJT Maintenance and Repair Workers, General 1,883 7.9 17.37 HS diploma/GED+long OJT Landscaping and Groundskeeping Workers 1,868 9.8 11.17 No educational credential+short OJT Top 20 Projected Occupations in South Carolina, 2014-24
- 16. How to use Occupational Projections To answer the question, what job should I go into? 16 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” Occupation Title # change % change Avg. Hourly Wage ($) Education For Entry* All Occupations 169,388 8.3 19.51 Combined Food Preparation and Serving Workers, Including Fast Food 7,086 15.5 8.56 No educational credential+short OJT Registered Nurses 6,085 14.5 29.38 Bachelor's Team Assemblers 6,036 13.1 15.23 HS diploma/GED+moderate OJT Retail Salespersons 5,644 8.0 11.61 No educational credential+short OJT Laborers and Freight, Stock, and Material Movers, Hand 5,435 12.3 12.68 No educational credential+short OJT Customer Service Representatives 5,334 11.9 14.88 HS diploma/GED+short OJT Home Health Aides 3,683 33.5 9.75 No educational credential+short OJT Cooks, Restaurant 3,670 19.4 10.19 No educational credential+less than 5 yrs. exp. Janitors and Cleaners, Except Maids and Housekeeping Cleaners 3,187 10.1 10.29 No educational credential+short OJT Personal Care Aides 3,168 23.8 9.22 No educational credential+short OJT Nursing Assistants 3,134 16.1 11.59 Technical nondegree General and Operations Managers 2,614 9.1 46.17 Bachelor's+5 yrs. or more exp. Waiters and Waitresses 2,557 6.8 9.49 No educational credential+short OJT Construction Laborers 2,476 14.4 14.42 No educational credential+short OJT Heavy and Tractor-Trailer Truck Drivers 2,191 8.9 19.51 Technical nondegree+short OJT First-Line Supervisors of Food Preparation and Serving Workers 2,097 13.8 14.86 HS diploma/GED+less than 5 yrs. exp. First-Line Supervisors of Office and Administrative Support Workers 2,090 8.3 23.58 HS diploma/GED+less than 5 yrs. exp. Cashiers 2,084 3.4 8.94 No educational credential+short OJT Maintenance and Repair Workers, General 1,883 7.9 17.37 HS diploma/GED+long OJT Landscaping and Groundskeeping Workers 1,868 9.8 11.17 No educational credential+short OJT Top 20 Projected Occupations in South Carolina, 2014-24
- 17. • Our Website • Community Profiles • LMI Data Map 17 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” How to get LMI
- 21. LMI Data Map 21
- 22. FOR MORE INFORMATION… 22 “PUTTING SOUTH CAROLINIANS BACK TO WORK!” Business Intelligence Department BIDcustomerservice@dew.sc.gov 803-737-2660
Editor's Notes
- Welcome to Overview of Labor Market Information (also known as LMI Lite). This session will give you a general overview of LMI to help you assist customers and answer their initial questions.
- To begin, and to avoid confusion, this session will refer to labor market information, or LMI, as the data or statistics that are produced or provided. Please note that the area of the agency that produces LMI is called the Business Intelligence Department. This session will discuss who uses LMI, a definition of LMI, what questions this information can answer, and general characteristics of data that you may get questions about. The larger portion of this session will look at the different data types that you might use in your work. These include labor force, employment, wages, and career planning data. Lastly, we will look at where to find this information.
- So, what is labor market information? The most vital phrases from this definition are “publicly available collections” and “used by information users to make decisions.” In other non-governmental words: information about the labor market
- Who is using LMI? The same people who are using reemployment ands unemployment insurance services: workers (currently employed) unemployed (jobseekers) Employers people who plan for the workforce, like policy makers educational professionals economic developers.
- There are LOTS of uses for LMI including: Monitoring or keeping track of trends at all geographic levels Developing policies for fiscal or budget processes on both national and international levels Long-term and strategic planning More immediate planning and administration for anything from wages and education to workforce and HR
- These are just a few of the questions LMI can help answer…
- Of course, the most important question for you is “What’s in it for me?”. Knowledge is power. The more you know, the more effective and efficient you are to both your clients and your boss! It can help you make better matches and save you time.
- There are 4 main types of LMI: Labor Force (who is working and who is not working) Employment (the jobs) Wage/Income Career planning
- Labor force data is collected from the employee based on where they live. These are the most important definitions… Employed people are only counted in the survey if they are 16 years old or older. In addition, they have to have worked for money during the week that includes the 12th of the month. Why the 12th? It’s close to the middle of the month and has the fewest holidays. The unemployed also have to be at least 16 years old, they are not working, but they are actively seeking a job. They must also be able and willing to work—the able and available rule. They have to be physically able to work, have child and adult care situations taken care of, and have some kind of transportation. They also have to be available—they aren’t on vacation or in training. It is not ONLY the people getting unemployment insurance benefits. The labor force is the employed plus the unemployed. Some people think the labor force is just the people working but it also includes those who are actively seeking a job. The unemployment rate is simply a mathematical equation: Unemployment divided by labor force. This is the percent of unemployed in your area so the higher the rate, the worse the job market situation is.
- This is another type of employment data…this data comes from employer or payroll survey and includes breakdowns by industry and occupation. The data is available in varying time periods and geographic levels.
- The Quarterly Census of Employment and Wages (QCEW) is what we refer to as the backbone of LMI because it includes payroll data from ALL employers covered by UI law. The data is collected from the employers so the data is INDUSTRY based. In addition, there is an annual survey of companies to collect information about employment and pay on the OCCUPATIONAL level. Again because this is a different survey, the employment numbers will be different from the other employment data sets. Also there may be confidential data that we cannot release due to low employer response to the survey.
- Everybody wants to know about what a job pays. LMI has several options but we generally release wage data in: Hourly and annual rates For entry, average, median, and experienced By occupation and industry This data is collected along with the previous employment data in that survey.
- This is an example of wages for industries (top) and occupations (bottom).
- Projections are the “forecasts” of industries and occupations. As you can imagine, it is a tricky thing to predict the future so projections should be used as a way to look at trends and not a specific number of job openings. LMI produces long-term projections which we consider 10 years. We do this with the help of a Federally-approved software program, input from local experts, and LMI analyst knowledge. Statewide projections are done in even years and LWDA level forecasts are done in odd years.
- This is an example of occupational projections. It is very specific to occupations no matter what industry they are in. It gives an estimate of the base year, employment levels for the projected year, plus the change in numbers and in percentage.
- Projections are great for helping someone who asks: “What job should I go into?” Just pull the occupational projections for your area and determine what occupational group has the most growth (column circled in red).
- So now that you know what is available, how do you get it? We have an outstanding website where you can get comprehensive in-depth data and analysis. But for now, we’ll just look at two tools: Community Profiles and the LMI Data Map.
- To get to the Community Profiles, you’ll need to go to our website and click on Community Profile Report.
- If you mouse over the map, you will see that the “Quick Facts” boxes change to reflect the area you are mousing over. It’s an incredibly fast way to find data like an unemployment rate. Next, you will need to pick an area: County, MSA, or LWDA area.
- This is an example of the Table of Contents of a Community Profile. The Profiles include a huge amount of data and the data is updated immediately when new numbers are released. It is a great, easy-to-get (3 click) resource. We recommend that you go back to your office and print out your area/county and keep it handy on your desk. To help use these profiles, there is a “Community Profile Desk Reference.” This publication goes through each page of the profile and tells you what the data is, how you can use it, and how to talk about it. You can find it on our website at http://lmi.dew.sc.gov/lmi%20site/documents/CommunityProfiles/DeskReference/CommunityProfilesDeskReference.pdf
- The LMI Data Map is another tool to help you get data quickly. It includes the specific types of data, what unit in LMI is responsible for it, the geographic area and how often the data is released, and the last column includes step-by-step instructions for how to get to the data on our website.
- Please do not hesitate to contact the Business Intelligence Department for any questions you have or if you need help finding information. If we don’t have it, we probably know where to get it! Physically, we are on the fifth floor of the Robert E. David Building (the Central Office) on Gadsden Street in Columbia.