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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNORDEPARTMENT OF LABOR AND ECONOMIC OPPORTUNITYJEFF DONOFRIOLANSINGDIRECTOROFFICIAL Policy Issuance (PI): 1938 Date:December 30, 2019To:Michigan Works! Agency
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Labor and economic opportunity refers to the availability and accessibility of jobs and economic resources within a community or economy, focusing on the ability of individuals to find work and improve their economic standing.
Employers and businesses that meet specific criteria regarding workforce size, type of business, or funding may be required to file reports related to labor and economic opportunities.
To fill out labor and economic opportunity, one typically needs to gather necessary data about the workforce, such as employment numbers, demographics, job classifications, and economic contributions, then complete the relevant forms or online submissions as guided by the regulatory body.
The purpose of labor and economic opportunity reports is to assess and promote equitable access to job opportunities and economic resources, identifying barriers to employment, and supporting economic development initiatives.
Required information often includes workforce demographics, job openings, employee retention rates, wage data, and measures of diversity and inclusion in the workplace.
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