Labor Market Information Flashcards
7 cards from real CCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Labor Market Information flashcards as text
How often does the BLS Employment Projections program release its 10-year occupational projections?
Answer: Annually
BLS updates its 10-year projections each year.
Which measure best captures job vacancies and quits, useful for showing clients how much turnover an industry has?
Answer: Job Openings and Labor Turnover Survey (JOLTS)
JOLTS tracks job openings, hires, quits, layoffs, and other separations.
A location quotient (LQ) of 1.8 for an occupation in a metro area indicates that:
Answer: The occupation's share of local employment is 1.8 times its national share
LQ compares an occupation's local employment concentration with its national concentration.
Which classification system assigns codes to industries rather than occupations?
Answer: North American Industry Classification System (NAICS)
NAICS classifies business establishments by industry.
A client asks why an occupation with slow projected growth still shows many annual openings. The best explanation is:
Answer: Openings also come from replacing workers who retire or change occupations
Most projected openings come from occupational separations, not from growth alone.
Which U.S. Department of Labor-sponsored website gives clients career exploration, training finders, and local salary data in one place?
Answer: CareerOneStop
CareerOneStop is sponsored by DOL's Employment and Training Administration.
Seasonally adjusted employment data are most useful because they:
Answer: Remove the effect of predictable calendar patterns to reveal underlying trends
Seasonal adjustment removes recurring patterns like holiday hiring so true trends are visible.