Exploring Careers with the Help of Labor Market Information

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Finding a perfect occupation is the main goal for most people wanting to use of their experience and knowledge, and for most job searchers it is important that it fits their type of personality, skills and interests. At the beginning of their job experience most people believe their occupation should be something that they would enjoy doing. Before you get into the desired field, you should see if you will be able to build a career in the future. For this you can use the labor market as the source of the information.

What is labor market information?

For sure, there are a lot of sources where you can get detailed instructions on the job search and useful tips for applicants, like a guide to finding job openings in San Diego. But you should better use them after you’ve figured out what field you want to work in. For this you can use labor market information.

The labor market information includes the data about demographic labor forces and earnings, unemployment and labor supply and demand, location and occupation. The Bureau of Labor Statistics – this independent agency spreads this information to federal and governmental organizations and agencies, as well as to general public.

Using the information provided by BLS you will be able to figure out how much you can earn in the field you are interested in, what job opportunities you will be able to use if you complete the training in the chosen occupation, where and in what industry you can find a job offer.

Industries, employment and earnings

If you want to know how many people are employed in the field you are interested in, you can get this information from BLS as well. The data base containing about 800 occupations will show you how many people are employed, as well as how much they ear for an hour and per year, both the sum and the percentage. This way you get the accurate look at the earnings. If you still aren’t sure about the field, research what industry has the highest employment and wages – this will surely help you make a career choice.

What’s in the future?

If you are planning a long-term career, make sure you look through the predictions for the field (this can be done for the ten years that would follow). Regardless of the industry you are researching, you will get the total employment figures for the target year and the number of job openings, medial wages and percentage of workers that are self-occupied.

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