CCC Labor Market Information 3

Question 1

How often does the BLS Employment Projections program release its 10-year occupational projections?

Accepted Answer

Annually

Answer

BLS updates its 10-year projections each year.

Question 2

Which measure best captures job vacancies and quits, useful for showing clients how much turnover an industry has?

Accepted Answer

Job Openings and Labor Turnover Survey (JOLTS)

Answer

JOLTS tracks job openings, hires, quits, layoffs, and other separations.

Question 3

A location quotient (LQ) of 1.8 for an occupation in a metro area indicates that:

Accepted Answer

The occupation's share of local employment is 1.8 times its national share

Answer

LQ compares an occupation's local employment concentration with its national concentration.

Question 4

Which classification system assigns codes to industries rather than occupations?

Accepted Answer

North American Industry Classification System (NAICS)

Answer

NAICS classifies business establishments by industry.

Question 5

A client asks why an occupation with slow projected growth still shows many annual openings. The best explanation is:

Accepted Answer

Openings also come from replacing workers who retire or change occupations

Answer

Most projected openings come from occupational separations, not from growth alone.

CCC - Certified Career Counselor Practice Test