Labor Market Information (LMI)

 

"Labor market information (LMI) includes all quantitative or qualitative data and analysis related to employment and the workforce. The goal of LMI is to help (people) make informed plans, choices, and decisions for a variety of purposes, including business investment decision making, career planning and preparation, education and training offerings, job search opportunities, hiring, and public or private workforce investments." 1

When it comes to exploring occupations, LMI helps you discern:

  • If there are or will be jobs in a given occupation
  • How many job openings there are (on average) - and how that varies depending on where you live
  • How much you can make per year (on average) - and how that varies depending on where you live
  • What education and/or training is needed to get a specific job
  • What career goals will be the most satisfying and supportive
  • What career path(s) can lead to your career goals
 
Labor Market Information (LMI) Comparison Table

This table will help you find the information needed to really make an informed decision about your career and education path.  It will also help youth see what information is missing and what information still needs to be researched before committing to an education and career path.  (This document will print best on 8 1/2 by 14 inch sheet of paper. Even better, use an electronic copy in order to expand fields as you use it.)  

Defining Labor Market Information

This handout provides more information on what labor market information is and how it can be used to help you achieve your career and financial goals.  

MA Labor & Workforce Department LMI Visual Analysis Tools

Use the scroll down menus on this website to select the part of Massachusetts most relevant to you, as well as the type of LMI you want to be depicted visually.

Short Term Occupational Projections by Annual Average Openings- Franklin/Hampshire WDA

Using Department of Unemployment Assistance data, tableau public creates a table and bar graph to show where the most jobs are in the Franklin/Hampshire WDA (or Massachusetts if selected), how many job opening there are on average, and the mean wages for each occupation listed.

Long Term Occupational Projections by Annual Average Openings - Franklin/Hampshire WDA

Using Department of Unemployment Assistance data, tableau public creates a table and bar graph to show where the most jobs are in the Franklin/Hampshire WDA (or Massachusetts if selected), how many job opening there are on average, and the mean wages for each occupation listed.

Summaries of Labor Market Information for Key Industries (National)

These posters designed by the Federal Bureau of Labor and Statistics provide great summaries of labor market of information.

MassCIS (Mass Career Information System)

A free online college/career exploration, portfolio, planning and management tool, which includes recorded real-world interviews about occupations, occupational profiles, labor market information (LMI), career/interest surveys, college / concentration information, financial aid information, and more.

Career One Stop - Job listings, career exploration, & local career center information

An online career exploration and job search site, which can also help you locate your local Career Center.

Real-Time Labor Market Information

This handout defines what real-time LMI is and sites some of the websites that produces it.

 

1 James F. Woods and Christopher J. O’Leary, “Conceptual Framework for an Optimal Labour Market Information System,” W.E. Upjohn Institute for Employment Research, Technical Report No. 07-022, December 2006.