CCC Labor Market Information 2

Question 1

Which BLS program produces employment and wage estimates for roughly 800 occupations by state and metropolitan area?

Accepted Answer

Occupational Employment and Wage Statistics (OEWS)

Answer

OEWS publishes occupation-level employment and wage estimates at national, state, and metro levels.

Question 2

A client sees that an occupation's median annual wage is $52,000. What does this figure mean?

Accepted Answer

Half of workers earn more and half earn less than $52,000

Answer

The median is the midpoint of the wage distribution, with 50% of workers above and 50% below.

Question 3

Which survey, conducted for BLS by the Census Bureau, is the household survey used to calculate the official national unemployment rate?

Accepted Answer

Current Population Survey (CPS)

Answer

The monthly CPS household survey is the source of the official unemployment rate.

Question 4

A client who wants a job but has stopped looking because they believe no jobs are available is classified as:

Accepted Answer

A discouraged worker, not counted in the labor force

Answer

Discouraged workers are outside the labor force because they are not actively searching.

Question 5

Which type of unemployment best describes a coal miner whose skills no longer match available jobs after the region's mines close permanently?

Accepted Answer

Structural

Answer

Structural unemployment results from a lasting mismatch between workers' skills or location and available jobs.

CCC - Certified Career Counselor Practice Test