Bridging the Skills Gap: The Importance of Labor Market Data

The Importance of Labor Market Data

Community stakeholders and local citizens are often informed sources of information about patterns and trends in the local economy and workforce. Yet socio-economic and labor market data that identifies the demographic characteristics of the local labor force, growing industry clusters, wages in a given area or workforce availability can complement local knowledge and support well-informed community decision-making. Data is increasingly important with the expanding of globalization and the changing nature of economic activity in our firms and communities and across our rural landscape. The RFI project has focused on three types of data in better understanding the economic make-up of our pilot regions: demographic, industry and occupation data. You can find summaries of these labor market reports below.

Nebraska Executive Summary

South Dakota Executive Summary

 

Introduction
Understanding the Problem
Project Overview
Community Process & Collaboration
Importance of Labor Market Data
•  Demographic Data
•  Industry Data
•  Occupation Data
•  Data in Practice
Promising Practices
Resources
Bridging the Skills Gap Team