What is labor market data?
Answer:Labor market data represents all quantitative (number-based) or qualitative (experience and trend-based) data and analysis related to employment and the workforce. This includes topics and data related to unemployment, wages, educational attainment, population and demographics, and any other metrics or information pertaining to workers, industry, and the economy.
Why does WIN work with labor market data and analysis?
Answer:The Workforce Intelligence Network’s (WIN) mission is to create a comprehensive and cohesive workforce development system in southeast Michigan that provides employers with the talent they need for success. To achieve this mission, WIN supplies the timeliest data and thorough analysis focused on the unique needs of the region. More traditional sources of data are slower in updating data sets and keeping them current. Utilizing real-time posting data, frequently updated data resources, in tandem with these more traditional resources, WIN constructs applicable and specialized research to further economic development and aid the talent partners of southeast Michigan.
Who can use WIN labor market data?
Answer:WIN's data is almost all publicly available at www.WINintelligence.org. Reports, one-pagers, and a data dashboard are available to anyone who visits the site. Examples of how WIN partners use labor market data:
- Michigan Works! Agencies- Help connect job seekers to employment or identify applicable skills and training
- Educational Institutions- Better prepare curriculum to meet industry needs and educate students on the labor force
- Economic Developers- Aid in business attraction/retention and help clients understand labor supply
- Businesses- Assist in making informed decision on posting jobs, hiring workers, and improving business
- Job seekers- Identify employment opportunities and required training, education, or skills needed in addition to the typical wages paid for each job
- Anyone can use WIN labor market data in deciding careers, improving business, or even identify trends!
How can labor market data be used?
Answer:Labor market data can benefit anyone from students preparing to enter the labor force to business leaders making important decisions. Examples of how to use the information:
- Identifying the current labor pool (education, experience, commuting, age, etc.)
- Finding potential job or career opportunities including pay and necessary requirements when applying
- Where job opportunities are located both in specific fields or locations in which employers are hiring
- The skills and credentials required for specific work to better apply or hire for positions
- The size and scope of employment within certain occupations and industries, identifying how many employers and employees are in those fields
- Identify trends in employment to better prepare for the future, such as estimated job openings
What kinds of labor market data and reports are available through WIN?
Answer:WIN presents a variety of labor market analysis available through various sources. With the labor market changing regularly, the data and research team constructs new reports and updates older data and analysis adding more content as it becomes available! Some of that data and reports available through WIN include the following:
- Labor Market Reports- General summary analysis of the labor market produced each quarter for the 16-county WIN region
- Commuting Pattern Reports- Analysis of commuting patterns of workers and residents of southeast Michigan counties
- Occupational Profiles- Analysis of specific occupations that provide information about wages, employment projections, and recent postings
- Working Smarter Special Report Series- Series of special reports focusing on hot workforce trends, projections, and labor’s relationship to the economy.
- Data requests- More information or customized data is available by request from WIN to meet specific needs. Have a specific request? Fill out this form and someone from the WIN research team will be in touch within 48 hours.
Where does WIN data come from?
WIN uses several proprietary and free data sources in analyzing the labor market. See the following list for more information on these data sources:
Burning Glass Technologies Burning Glass’s Labor Insight Tool provides proprietary data utilizing spider technology to search out employment opportunity (job posting) related content on a regular schedule. This includes millions of online job postings from corporate websites, online job boards such as Monster and Career Builder, the State of Michigan, and even Craigslist. “Scout” spiders search new sites and sources with employment opportunities to be queued into the master list and monitored for additional content, expanding the database regularly and keeping it up to date. If the Burning Glass team updates their methodology the data in the system is also updated retroactively. When this occurs the WIN team updates our own reports that use Burning Glass data, specifically the Quarterly Labor Market Reports.
Economic Modeling Specialists Inc. (EMSI) EMSI provides proprietary labor market benchmarking data on the total US workforce of 135 million people. Working through CareerBuilder, EMSI has access to a large amount of worker profiles and salary data points utilized in its database. The data in EMSI uses the most recent releases from the Bureau of Labor Statistics and applies modeling and survey sampling techniques update the data to a more recent time-frame, project it into the future, and estimate it down to more detailed levels for more applicable analysis. Data can represent and be utilized to benchmark specific occupations, industries, educational programs, demographics and even job postings, pulling a variety of metrics and information for analysis.
Bureau of Labor Statistics (BLS) The Bureau of Labor Statistics of the U.S. Department of Labor is the principal federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy. This fact-finding agency for the federal government provides a variety of free information of labor economics and statistics through census and population surveys. This government data is utilized to identify national unemployment rates, median wages for occupations, and other characteristics of the U.S. labor force.
United States Census Bureau Overseen by the Economics and Statistical Administration of the Department of Commerce, the United States Census Bureau provides quality data about the nation’s people and economy. Through the use of federal surveys conducted a large government data base was constructed to identify demographic and employment data through the US. A variety of data tools are available through the US Census including:
- American Fact Finder - Provides data about the United States from several surveys
- On the Map - Identifies geographical trends in employments and households including commuting patterns and worker inflows and outflows.
- Longitudinal Employer -Household Dynamics- Provides Quarterly Workforce Indicators (QWI) including employment, turnover, and earnings data by industry.
Michigan Bureau of Labor Market Information and Strategic Initiatives The Bureau of Labor Market Information and Strategic Initiatives is a source for high quality demographic and labor market information for the state of Michigan and its regions. This bureau utilizes BLS and Census Bureau databases to provide a variety of metrics and data tools centered around the Michigan area.
Want to learn more about the occupations found throughout the WIN Data Dashboard?
Answer:O*Net is an online database that serves as the nation's primary source of occupational information. Visit https://www.onetonline.org to learn more about any occupation(s) found here on the WIN Data Dashboard, including sample job titles, knowledge, skills, and abilities required, typical education, and much more.
Which counties are selected by WIN for analysis?
Answer:The region WIN analyizes consists of 16 counties from the greater southeast Michigan area. They include Genesee, Hillsdale, Huron, Jackson, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, Sanilac, Shiawassee, St. Clair, Tuscola, Washtenaw and Wayne county. Any document or data point looking at the WIN region looks at all these counties combined.
Need more information than what you were able to find here on the data dashboard?
WIN's talented data and research team members are here to help! WIN offers customized workforce analysis to better fulfill your data needs. Please complete the data request form and a team member will be in touch with you soon.
What occupations are included in each of WIN's 11 custom occupation groups?
Click here to view the full list of occupations for each custom occupation group.