Labor Market FAQs

The WIN research and data team is well versed in data and analytics. From surveys and customized company analysis to wage comparisons and forecasting. The WIN team helps clients and partners better understand workforce trends, employer demands, and future needs. The team connects the labor market and the economy presenting it in a manner that allows clients and partners to better manage their talent acquisition and planning by analyzing wage data and predicting future talent gaps. Examples can be found in the report archive section of the website.

Interested in learning more about how WIN can help your company or organization? Contact WIN at info@winintelligence.org
Labor Market FAQs
WHAT IS LABOR MARKET INFORMATION?

Labor market information (LMI) represents all quantitative or qualitative data and analysis related to employment and the workforce.  Traditional LMI includes data related to unemployment, wages, educational attainment, population and demographics, and any other metrics or information pertaining to workers, industry, and the economy. Newer LMI can also include data related to job postings by occupation, employers, region and advertised skills.

The WIN labor market reports reflect employment, labor force, employer demand, wages, skills, credentials, and educational attainment requirements for jobs and occupational groups trending in southeast Michigan region counties and the City of Detroit. WIN’s labor market report release schedule is as follows:

If you have questions about WIN’s labor market reports, please contact info@WINintelligence.org.

All data within the reports is gathered from Lightcast, the U.S. Census Bureau, and BLS, with WIN custom analysis.

WHY DOES WIN WORK WITH LABOR MARKET INFORMATION?
The Workforce Intelligence Network’s (WIN) mission is to create a comprehensive and cohesive workforce development system in southeast Michigan that provides employers with the talent they need for success. To achieve this mission, WIN supplies the timeliest LMI available, and most thorough analysis, in order to focus on the unique needs of the region. Listed below are some common examples of how WIN works with both traditional and newer LMI:

  • Categorizing the current labor pool by demographics such as educational attainment, work experience, age, race, ethnicity, sex, etc.
  • Understanding the diaspora of the labor force by identifying regional commuting patterns
  • Identifying in-demand occupations by wages, education, skills, experience and credentials
  • Comparing online demand for occupations by employers and location
  • Helping employers recognize skills gaps in their industries and identifying workers with the potential for upskilling
  • Understanding the size and scope of employment within certain occupations and industries
  • Classifying trends in regional employment to better prepare for the future, such as analysis of projected job openings over time
Examples such as the above allow WIN to further economic and workforce development, as well as aid the talent partners of southeast Michigan. Click here to view the WIN Labor Market Reports. 
WHERE DOES WIN LABOR MARKET INFORMATION COME FROM?
WIN uses several proprietary and free data sources in analyzing the labor market.

LIGHTCAST ECONOMIC MODELING SPECIALISTS INC. (EMSI)

Lightcast provides proprietary labor market benchmarking data on the total U.S. workforce. Formerly Emsi Burning Glass, Lightcast has over two decades of experience in finding solutions and delivering the competitive edge our clients demand. With access to a large amount of worker profiles and salary data points utilized in its database, Lightcast uses the most recent releases from the Bureau of Labor Statistics and applies modeling and survey sampling techniques to update data to a more recent time-frame, project it into the future, and estimate it down to detailed levels for more applicable analysis. Data can represent and be utilized to benchmark specific occupations, industries, educational programs, demographics, and even job postings, pulling a variety of metrics and information for analysis.

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BUREAU OF LABOR STATISTICS (BLS)

The Bureau of Labor Statistics of the U.S. Department of Labor is the principal federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy. This fact-finding agency for the federal government provides a variety of free information of labor economics and statistics through census and population surveys. This government data is utilized to identify national unemployment rates, median wages for occupations, and other characteristics of the U.S. labor force.

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UNITED STATES CENSUS BUREAU

Overseen by the Economics and Statistical Administration of the Department of Commerce, the United States Census Bureau provides quality data about the nation’s people and economy. Through the use of federal surveys, a large government data base was constructed to identify demographic and employment data through the U.S. A variety of data tools are available through the U.S. Census including:

Provides data about the United States from several surveys

Identifies geographical trends in employments and households, including commuting patterns and worker inflows and outflows

Provides Quarterly Workforce Indicators (QWI) including employment, turnover, and earnings data by industry

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MICHIGAN BUREAU OF LABOR MARKET INFORMATION AND STRATEGIC INITIATIVES

The Bureau of Labor Market Information and Strategic Initiatives is a source for high quality demographic and labor market information for the state of Michigan and its regions. This bureau utilizes BLS and Census Bureau databases to provide a variety of metrics and data tools centered around the Michigan area.

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CAN WIN CREATE CUSTOM SURVEYS?
The WIN research and data team has extensive experience creating customized surveys to help partners and clients better understand workforce trends, employer demands, and future needs. Using a variety of tools including SurveyMonkey, the WIN team can help your organization learn more about your membership’s talent needs, analyze wage data, and even help predict future talent gaps.

Want custom surveys? Fill out the data request form by clicking here. 

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Composites Workforce - Custom Employer Needs Survey
CAN WIN PROVIDE CUSTOMIZED TALENT ANALYSIS?
Every company is different and faces unique challenges. WIN’s customized talent analysis can help identify, quantify, and analyze the talent needs for specific companies, regions, and even governments that will allow for better talent management, planning, and investment. WIN works closely with individual employers helping them navigate the unique labor market around their local area.

WIN is also the primary contractor working with the National Network of Manufacturing Institutes (NNMI) focused on investing public and private dollars in the future manufacturing workforce. WIN’s analysis coupled with local knowledge, helps to guide the institutes into making actionable and sound investment decisions for workforce training and programming.

Want custom talent analysis? Fill out the data request form by clicking here. 

RELATED CASE STUDY

Composites Workforce - Custom Employer Needs Survey
WHAT IS FORECASTING AND TIME-SERIES ANALYSIS?
WIN is in a unique position as its staff possesses the data, skills, and knowledge to utilize complex econometric models and long-run analysis. Forecasting the “next big thing” has always been difficult but with WIN’s expertise and experience, clients and partners can have a peak into the future that is conservative, well-researched, and data informed.

Interested in forecasting? Fill out the data request form by clicking here. 
DOES WIN CONDUCT PRESENTATIONS AND PUBLIC SPEAKING OPPORTUNITIES?
WIN’s researchers are well-versed and experienced in presenting data to public audiences. In particular, the team is skilled at presenting to audiences that are not trained in data sciences and analytics helping these audiences better understand complicated analysis and topics. WIN team members have led national webinars with hundreds of participants, spoken at national conferences to peer groups, and been invited to speak at more intimate settings bringing data analysis to audiences with diverse experiences in many different settings.

Interested in hosting a WIN presentation? Fill out the presentation request form by clicking here. 
DOES WIN OFFER DATA AND ANALYTICS TRAINING?
Not only is the WIN research and data team well-versed in data analysis and presentation but the team is made up of experienced teachers as well. Each quarter, WIN’s research and data team organizes a full day of training for partner organization employees with the goal to bring data analysis tools and techniques to those who can use them most. The WIN team has also been a lead trainer on national webinars with Workforce 360 through the Department of Labor and has worked with several other clients and partners to create customized employee training programs aligned with their specific research and data needs.

Interested in data and analytics training? Email info@winintelligence.org 
CAN WIN PROVIDE WORKFORCE PLANNING?
One of WIN’s goals is to provide strategic planning assistance to the WIN board organizations. To fulfill this, WIN worked closely with the MWAs on the board to develop and write the regional prosperity region plans for regions 6, 9, and 10 to align with the state mandate for regional Workforce Innovation and Opportunity Act (WIOA) plans.

WIN has also worked closely with the MAGMA board, Opportunity Detroit Tech employer partners, and Oakland County to help them develop long-term strategies to combat employee attrition, turnover, attraction, and training.

Interested in workforce planning? Email info@winintelligence.org