Career Learning for Adult Self-Sufficiency (CLASS)

Consumers Guide to Real-time Labor Market Information

Posted by Maisha Meminger - On May 22, 2012 (EST)

Information, issued by Jobs for the Future in April 2012, is a follow-up study to Aligning Community Colleges to Their Local Labor Markets: The Emergence of Online Job Ads for Providing Real-Time Intelligence About Occupations and Skills in Demand, issued by Jobs for the Future in November 2011 (see related posting in this Discussion Forum).

Based on a survey and interviews with 6 of the largest real-time LMI data vendors, the study examines 1) the history and improvements that have been made in real-time data; 2) the specific products and data elements offered; 3) the sources of the data and the efforts made to ensure quality, accurately code occupational classifications and other variables, and eliminate duplicative job postings; and 4) the fees charged.

The proportion of job postings which are duplicative and must be eliminated ranges from 60 to 90 percent across vendors. One major challenge for this and other analyses of real-time data vendors is that they regard most of their procedures as proprietary information which they are unwilling to reveal, which is a major impediment to judging both the comparative and overall quality of real-time data. Authors John Dorrer and Myriam Milfort conclude that “real-time LMI is a complement to, not a replacement for, traditional labor market information,” and users should “maintain a healthy degree of skepticism” toward real-time data.

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Modified On : May 22, 2012
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