Labor Market Information
Labor Market Information (LMI) refers to data that provides insights into the job market, including employment rates, wage levels, and job demand in various industries. It helps individuals, businesses, and policymakers understand trends and make informed decisions about careers, hiring, and economic development.
LMI includes statistics on unemployment rates, job openings, and occupational projections. This information is often collected and analyzed by government agencies, such as the Bureau of Labor Statistics, and is essential for workforce planning and education programs to align skills with market needs.