Labor Market Information (LMI) Programs and Data
Explore the key components of Labor Market Information (LMI) programs and data, including QCEW, CES, LAUS, and OEWS. Learn about employment and wage statistics, geographic levels, data frequency, revisions, and seasonal adjustments. Discover how these insights play a crucial role in analyzing labor market trends and making informed decisions.
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Presentation Transcript
The LMI Program Lineup Pete Phelan, Facilitator Ryan Horner, QCEW Scott Meckley, CES Brenda Myers, LAUS Nicholas Mattson, OEWS Workforce Information Forum October 2024
QCEW CES Quarterly Census of Employment and Wages Current Employment Statistics Define Your Acronym LAUS Local Area OEWS Occupational Employment and Wage Statistics Unemployment Statistics
QCEW CES A count of jobs by industry An estimate of jobs by industry What do you mean by employment LAUS OEWS An estimate of people that are working (or not working) An estimate of jobs by occupation
QCEW CES Employment/Wages by Industry (regardless of occupation) Employment/Wages by Industry (no occupational data) Industry vs. Occupation LAUS OEWS Does not include industry or occupational info Employment/Wages by Occupation (regardless of the industry)
QCEW CES Data at the county level Also aggregated to higher levels Data at Statewide and MSA level Geographic Detail LAUS OEWS Multiple geographic levels Only data available at some sub-county levels Statewide and MSA level data
QCEW CES Monthly data, collected quarterly Available approx 5 months from end of quarter Monthly data Available about 2-3 weeks after reference month Time Frame / Frequency LAUS OEWS Monthly data Available about 2-3 weeks after reference month Annual data Available around April of the following year
QCEW CES Preliminary quarterly data revised with following quarter s publication Once final , data is not revised Preliminary monthly data revised after the following month s publication At end of year, estimates for past 21 months replaced (benchmarked) How often is your data revised LAUS OEWS Preliminary monthly data revised after the following month At end of year, estimates for past 12 months revised Annual data produced one time and does not get revised
CES QCEW Data is seasonally adjusted Allows for better comparison of monthly data Seasonal Adjustment Data is NOT seasonally adjusted LAUS OEWS Data is seasonally adjusted Allows for better comparison of monthly data Data is annual no need for seasonal adjustment
Uses of our Data Popular Products
LAUS Unemployment Rate Plus more!
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