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Labor Market Intelligence Flashcards

7 cards from real CCS 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 Intelligence flashcards as text

  1. Which federal agency publishes the Occupational Outlook Handbook (OOH), a primary source of labor market intelligence?

    Answer: Bureau of Labor Statistics

    The Bureau of Labor Statistics (BLS) publishes the OOH, which provides projected growth rates, median wages, and job duties for hundreds of occupations.

  2. A client asks how to identify which industries are growing fastest in their region. Which resource provides state- and metro-level employment projections?

    Answer: Projections Central (projectionscentral.org)

    Projections Central aggregates long-term occupational and industry employment projections from all 50 states, making it ideal for regional labor market analysis.

  3. The term 'discouraged workers' in labor market data refers to people who:

    Answer: Are not actively job searching because they believe no jobs are available for them

    Discouraged workers have stopped looking for work due to belief that no jobs are available to them, so they are excluded from the official unemployment rate (U-3) but captured in the U-6 measure.

  4. A career strategist reviewing the JOLTS (Job Openings and Labor Turnover Survey) report would use it primarily to assess:

    Answer: Employer hiring demand and quit rates across industries

    JOLTS measures job openings, hires, and separations (including quits and layoffs), giving career strategists a real-time view of employer demand and worker confidence (quit rate).

  5. When a career client considers relocating for better opportunities, which concept describes comparing wages relative to local cost of living?

    Answer: Real wage purchasing power

    Real wage purchasing power adjusts nominal salary for local cost of living, allowing a meaningful comparison of economic well-being across different geographic markets.

  6. Which labor market indicator is MOST useful for identifying occupations where hiring may slow down due to automation risk?

    Answer: Routine task intensity (RTI) scores

    Routine task intensity measures how much of an occupation consists of routine, repetitive tasks—the work most susceptible to automation—making RTI scores key for assessing displacement risk.

  7. A client in healthcare asks about the impact of an aging U.S. population on their job prospects. Which labor market trend BEST supports a positive outlook?

    Answer: Increased demand for healthcare workers driven by the growing 65+ demographic cohort

    The aging baby boomer population is the primary demographic driver behind projected above-average growth in healthcare occupations through the mid-2030s.