Labor Market Information (LMI) systems

Labor Market Information (LMI) systems collect and analyze data about employment trends, job opportunities, wages, and workforce skills. This information helps individuals, businesses, and policymakers make informed decisions regarding careers, education, and economic planning. For example, a job seeker can use LMI to find in-demand skills, while a company might look at LMI to understand local labor availability. By providing insights into labor dynamics, LMI systems support a more efficient and responsive job market, matching the needs of employers with the skills of workers.