| A | B |
|---|
| What information does LMI give? | It gives information on population demographics, education and training data, and online job ads |
| What are some elements of LMI | Labor force, employment, unemployment, employment and wages by industry and occupation, employment projections |
| What are the 4 types of unemployed? | job losers, job leavers, new, re-entrants |
| How is the unemployment rate calcualted? | It is unemployment divided by labor force |
| What does employment consist of? | full and part-time workers |
| Which part of the LMI has the largest amount of data? | the employment and unemployment section |
| What is the definition of labor force as it relates to LMI? | employment plus unemployment |
| What does MSA stand for? | Metropolitian Statistical Area |
| How is LMI data used? | to attract and retain businesses in the state, to make hiring decisions, to see what jobs are in demand, to guide students in career decisions, to make policies |
| What are the types of LMI produced or delivered for Fllorida? | Education/trainign, online job ads, workforce, total employment employment by industry or education, employment projections, UI rate, wage by industry/occupation, census/LED |
| What is the purpose or mission of the LMI program? | to produce, analyze, and deliver timely and reliable labor statistics to improve economic decision making |
| Who would be included in Education and training data on the LMI? | program completers and graduates by occupation |
| Where is LMI data used? | in making national policy, congress, the Federal Reserve, state and local levels |
| What factor leads to lower unemployment rates and higher wages? | education and training |
| What factor can cause unemployment rates to increase? | new job seekers that have completed school and feel optimistic about economic conditions and the possiblility of finding a job |
| If a person exhausts their UI benefits but is still actively seeking work, are they considered unemployed by LMI? | yes |
| The unemployment rate is the _____ of the labor force that are employed. | percent |
| What is unemployment according to LMI? | 16+ yr old individuals who are witout a job and are actively seeking employment |
| Employment is________? | all individuals who are 16+ that work 1 hour or more for pay or 15 hours without pay in a family business |
| What entity is the only one that produces and is the original source of economic indicator data? | The Labor Market Statistics Center |
| Data can be compared by state MSA, county and city with populations of ______ or more. | 25,000 |
| LMI datea is consistant across all _____ and at the ______ _______. | states, national level |
| Who are some of the customers of the LMI? | employers, schools, and LWDBs |
| What is Florida's most important economic indicator? | Labor Market Information |
| What does the Labor Market Information show? | conditions of the labor market |
