CCC Labor Market Information 5

Question 1

The monthly BLS Employment Situation report is usually released on:

Accepted Answer

The first Friday of the month

Answer

The jobs report typically comes out on the first Friday of the month at 8:30 a.m. ET.

Question 2

A recent graduate who is between jobs while searching for a better fit is an example of:

Accepted Answer

Frictional unemployment

Answer

Frictional unemployment is short-term job searching and transitions in a healthy labor market.

Question 3

Which federal law established the American Job Center network that provides local LMI and employment services?

Accepted Answer

Workforce Innovation and Opportunity Act (WIOA)

Answer

WIOA (2014) authorizes the American Job Center (one-stop) system.

Question 4

Which statement best describes the limitation of using the 10th and 90th wage percentiles with a client?

Accepted Answer

They reflect the range of pay, but where a client falls depends on experience, location, and employer

Answer

Percentiles describe the wage spread, but an individual's pay depends on many personal and market factors.

Question 5

Which survey of employer payrolls produces the monthly nonfarm payroll employment count?

Accepted Answer

Current Employment Statistics (CES)

Answer

The CES establishment survey produces the nonfarm payroll jobs figure.

CCC - Certified Career Counselor Practice Test