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.
Frequently Asked Questions
What is labor market research in a vocational evaluation?
Labor market research examines employment opportunities and earning potential for a client or evaluee. It may include occupational data, wage information, current job openings, and direct contact with employers.
What information is included in labor market research?
Labor market research may assess job availability, occupational prevalence, starting pay, work hours, benefits, and educational or experience requirements. It can also examine the physical and mental demands associated with specific jobs.
What sources are used to conduct labor market research?
Research may draw from reliable secondary sources, including the U.S. Bureau of Labor Statistics and relevant state workforce agencies such as the Tennessee Department of Labor and Workforce Development. Current job listings and employer surveys may also provide position-specific information.
How does labor market research help determine earning potential?
Labor market research compares an individual’s qualifications and abilities with actual employment opportunities and wage data. This information helps evaluate the types of jobs that may be available and the earnings those positions may provide.
Does labor market research include contacting local employers?
Yes, primary labor market research may involve contacting employers to gather information about current openings and specific job requirements. These surveys can provide details about pay, schedules, benefits, qualifications, and workplace demands.
