Definitions for "Labor Market Information"
Data about workers, jobs, industries, and employers including employment, demographic and economic data.
Labor Market Information describes both supply and demand in the world of work. It includes what types of jobs are needed now and in the future, how many people are employed and in which occupations, and how much they earn. Knowing the labor market for your region, state, and county can help you decide which occupations are likely to be in demand in your area.
Labor Market can refer to the market for labor in a geographic area such as a metropolitan area, or the market for labor within an industry or industries; or the market for labor in specific occupations. The labor market can also refer to the availability of workers within a given area.