Publication Type: Publication/ study / report
Country: Greece
Skills addressed
Labour market awareness;

The Importance of Workforce and Labor Market Information

Workforce and labor market information is essential to the nation’s economy, providing for the
efficient operation of labor markets by supplying quality labor market intelligence. Accurate,
Objective, Relevant, Timely, and Accessible workforce and labor market information is critical
• Building a skilled workforce that spurs business competitiveness and economic growth;
• Strengthening career pathways and guiding skill attainment for good jobs, economic
opportunity, and career growth;
• Understanding the rapidly changing nature of work and how it impacts the workforce and
U.S. economy; and
• Spending workforce training and education funds effectively
The nation’s labor markets cannot function efficiently and effectively without quality information to
support the investment decisions of the workforce development system—Federal and State policymakers; State and local Workforce Development Boards; Federal, State, and local
government agencies; and frontline staff—and the investment decisions of business managers, workers,
students, jobseekers and educators.

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