Labor Market Measure

A Labor Market Measure is a Market Measure of a Labor Market.

• Example(s):
  • Labor Market Size.
  • Labor Market Demand.
  • Labor Market Supply.
• See: Occupation Population Size, Labor Market Workers.

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References

2012

• (Lockhard & Wolf, 2012) ⇒ C. Brett Lockard, and Michael Wolf. (2012). “Employment outlook: 2010–2020: Occupational employment projections to 2020.” In: BLS, Monthly Labor Review, 135.
  • QUOTE: There are two ways to measure occupational growth or decline: numeric change (projected-year employment minus base-year employment) and percent change (numeric change divided by base-year employment). Both of these measures of growth or decline are important for different reasons, and when viewed together, they give a more complete view of the projected changes to the occupation and the workforce.

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