CCS Labor Market Intelligence 2

Question 1

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

Accepted Answer

Bureau of Labor Statistics

Answer

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

Question 2

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

Accepted Answer

Projections Central (projectionscentral.org)

Answer

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

Question 3

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

Accepted Answer

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

Answer

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.

Question 4

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

Accepted Answer

Employer hiring demand and quit rates across industries

Answer

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).

Question 5

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

Accepted Answer

Real wage purchasing power

Answer

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

(CCS) Certified Career Strategist Practice Test

(CCS) Certified Career Strategist Practice Test

CCS Labor Market Intelligence 2