CCA Labor Market & Occupational Information Flashcards

A CCA advises a client interested in healthcare careers to review the BLS occupational projections. What metric should the client prioritize to identify roles with the most new job openings?

Answer: Projected number of new jobs (numeric growth), not just percent growth

Numeric growth (the actual number of new positions) is more meaningful than percentage growth alone, especially when comparing large and small occupational categories.

What does the Job Openings and Labor Turnover Survey (JOLTS) measure?

Answer: Monthly data on job openings, hires, and separations across industries

JOLTS is a BLS survey that tracks monthly data on job openings, hires, quits, layoffs, and other separations, providing insight into labor market dynamics.

When a CCA discusses 'industry clusters' with a client, they are referring to:

Answer: Geographic concentrations of interconnected businesses and industries in a region

Industry clusters are geographic concentrations of interconnected companies, suppliers, and institutions in a particular field, such as Silicon Valley for tech or Detroit for automotive.

The North American Industry Classification System (NAICS) is used primarily to:

Answer: Classify businesses into industry sectors for statistical and economic analysis

NAICS classifies establishments into industry sectors to allow for uniform collection and analysis of economic data across the U.S., Canada, and Mexico.

Which trend best describes the shift from manufacturing to service employment in the U.S. economy over the past 50 years?

Answer: Deindustrialization

Deindustrialization refers to the long-term decline of manufacturing employment as a share of total employment, accompanied by growth in the service sector.

A career analyst advising a client in a declining industry would MOST appropriately use LMI to:

Answer: Identify transferable skills and growth industries where those skills are in demand

When a client is in a declining industry, the CCA should use LMI proactively to identify transferable skills and map them to growth sectors with strong demand.