Workforce Markets

Identifying labor supply and demand is an important element in "Labor Market Studies." There is, of course, always labor supply and labor demand in any Area Labor Market. Quantifying the degree of labor quality, availability and cost is important at the local or regional level and is not always apparent or comparable to broad state and national indicators. Your labor market is unique and may just be the right fit for the right employer. Differentiating your "Area Labor Market" is important in site evaluation.

SUPPLY AND DEMAND SIDE OF LABOR MARKETS
WORKFORCE AVAILABILITY	WORKFORCE QUALITY
Supply Side	Demand Side
Household Survey	Employer Survey
Focus Availability	Focus Quality
Underemployment Excess Skills Over Qualified	Overemployment Deficient Skills Under Qualified
Skills Under-utilized	Skills Needs
Desired Wages By Wage and Occupation Groups	Current Wages Compare with State and National Market Groups
Workforce Characteristics	Employment and Training Issues