Term Definition | All Glossary Terms

Labor Market Information [LMI]

labor related information about unemployment, industries, occupations, etc. LMI covers economic, social, demographic, and labor force data. It describes the characteristics of the supply of labor (the people who are workers or potential workers in the labor market) and provides information on the job opportunities in the labor market (current and projected needs of current and future employers). Sources of LMI often give historical, current, and forecast information to satisfy the different users needs.

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