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Thursday, February 2, 2012

Labor Market Information: Analyzing Trends Using Our Crystal Ball

Greetings Pathways Subscribers-

Happy New Year! We've been super busy with some new projects this winter helping to design new workforce initiatives throughout the Bay Area. One of the consistent requests across our consulting practice is for quality, real-time labor market information for larger sector initiatives, small workforce programs, and individual job seekers. Given that the changing economy is a moving target, we use the tools listed below to keep us up to date:  to look to the past to understand career progressions and career ladders;  to look at the present to understand current employer demand; and to look to the future to predict growth and trends. Nevertheless, as any economist will tell you these days, your guess is as good as mine. :-)


California Career Zone and O*NET: Explore specific occupations, personal career exploration, job analysis and projected growth in specific occupations and sectors. These sites share the same body of data produced by the Department of Labor. The California Career Zone presents it in a user friendly way and allows you to create a portfolio.


Indeed, LinkedIn, and LinkUp: We use these to look at real-time openings and use the left hand column on any search page to review salary estimates, titles, companies, locations and job types. LinkedIn is now a sophisticated career ladder research tool that has over 135 million members in over 200 countries. Check out the help center on LinkedIn  to learn how.


EDD Labor Market Info: Offers state specific info and industries. My favorite little secret is this awesome Employer Search page where you can search the public records for any employer in a given county by sector, occupation, size, location, etc. 


Career One Stop: Useful for looking at trends and wages on a national level. Projections to 2018 start seeming like wild guesstimates in today's economic climate, though.


Roadtrip Nation: This is a tool to use in lieu of informational interviews. This reality TV show stores hundreds of fantastic interviews with people whose occupations range from auto mechanic to anesthesiologist. The interviews are hard to find, so using the link is helpful.


Bay Area Career Guide:  Offers a search tool to research Career and Technical Education offerings at the region's community colleges and the labor market information for the occupations for which they prepare you.


Wanted Analytics and EMSI: A new breed of real time labor market information that culls the data from online job board postings and analyzes it for trends by employer, salary, education and training required. These tools require costly site licenses, however EDD purchases the tool and produces a Summary for California. The power of these tools is what I predict job search sites will be like in another year. Call for free trial offer.


Centers of Excellence:  A project of the California Community College system does some comprehensive sector analysis based on environmental scans and can produce labor market information customized reports. 
Lastly, EDD has a Labor Market Consultant who is assigned to each region and produces monthly email blasts. Let us know if you'd like to sign up for the San Francisco Metropolitan Region and we will send you the contact information. They will also produce labor market reports for a moderate fee. If anyone wants to add to this resource list, we invite you to post on our BLOG right below this posting.


Best,
Amanda Gerrie & Kim Coulthurst, Partners
Pathways Consultants

1 comment:

me said...

Great list. Thank you so much for compiling it.
Pia