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Get the free LMI Data Cheat Sheet - Labor Market Statistics Center Resource Page

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LMA Data Cheat Sheet Characteristic Sample Recurrent Population Survey (CPS)Local Area Unemployment Statistics (LAWS)3,400 unitsQuarterly Census of Employment and Wages (QC EW) (Formerly ES202)Current
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How to fill out lmi data cheat sheet

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How to fill out an LMI data cheat sheet:

01
Gather the necessary information: Start by collecting all relevant data that you need to fill out the LMI data cheat sheet. This may include details about your company's workforce, job titles, wages, and other related information.
02
Understand the purpose of the cheat sheet: Familiarize yourself with the purpose of the LMI data cheat sheet. This tool is commonly used to track labor market information, such as employment trends, wages, job outlook, and industry growth. By understanding its purpose, you can better navigate the process.
03
Review the cheat sheet sections: Typically, an LMI data cheat sheet will have different sections that require specific information. Take the time to carefully review each section to ensure you understand what data is needed.
04
Fill out the required fields: Begin by entering the requested information into each section of the cheat sheet. This may involve providing data such as employment figures, wage rates, job titles, and industry codes. Double-check your entries to ensure accuracy.
05
Analyze and interpret the data: Once you have filled out the cheat sheet, take a step back and analyze the collected information. Look for any patterns, trends, or insights that may be revealed by the data. This analysis can help you make informed decisions or identify areas for improvement in your workforce strategy.
06
Update the cheat sheet regularly: Labor market information is constantly evolving, so it is important to keep your LMI data cheat sheet up to date. Periodically review and update the information to ensure its accuracy and relevance.

Who needs an LMI data cheat sheet?

01
HR professionals: Human resources professionals often use LMI data cheat sheets to track important labor market information. This data allows them to assess job market trends, identify skills gaps, and make informed decisions regarding recruitment, training, and competitive compensation.
02
Employers: Companies of all sizes can benefit from utilizing an LMI data cheat sheet. Employers can use this tool to track industry-specific labor market data, wage rates, job growth or decline, and competitor analysis. Such information enables employers to make strategic business decisions and stay competitive in the market.
03
Economic development agencies: Economic development agencies or organizations responsible for driving economic growth in a specific region may find an LMI data cheat sheet valuable. This tool allows them to assess the local job market, identify employment opportunities, attract new businesses, and align workforce development efforts.
In summary, filling out an LMI data cheat sheet requires gathering the necessary information, understanding its purpose, reviewing the cheat sheet sections, filling out the required fields, analyzing the data, and updating it regularly. HR professionals, employers, and economic development agencies are among those who can benefit from utilizing an LMI data cheat sheet.
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The LMI data cheat sheet is a document used for reporting Labor Market Information.
Employers and businesses are required to file LMI data cheat sheet.
The LMI data cheat sheet can be filled out by providing accurate information regarding labor market statistics.
The purpose of the LMI data cheat sheet is to gather and analyze labor market information.
Information such as total number of employees, job vacancies, wages, and employment trends must be reported on LMI data cheat sheet.
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