Labor Market Research

Labor market research is regularly completed as part of assessing a client’s or evaluee’s employment and earning potential. Labor market research may involve the gathering of secondary data (typically at the occupational level) via referral to reliable employment and wage data sources such as the United States Department of Labor’s Bureau of Labor Statistics as well as relevant state workforce agencies such as the Tennessee Department of Labor and Workforce Development.  Labor market research may also involve the gathering of primary data (typically at the job/position level) via obtaining information about current openings from job listings and from conducting labor market surveys involving direct contact with employers. Information commonly sought as part of this research includes but is not necessarily limited to occupational/job prevalence, job availability, starting pay, work hours (full- or part-time), benefit offerings, physical and mental demands, and educational/experiential requirements.