Labor Market Analyst (#MFDA01)

Labor Market Senior Analyst (#MFDA02)

Labor Market Information Supervisor (#MFDA03)
$51,858.00 Yearly Min / $64,822.00 Yearly Mid / $77,786.00 Yearly Max

Labor Market Economist (#MFDA04)
$62,483.00 Yearly Min / $78,104.00 Yearly Mid / $93,725.00 Yearly Max

Labor Market Analyst (#UFDA01)
$40,386.00 Yearly Min / $47,513.00 Yearly Mid / $57,016.00 Yearly Max

Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

Labor Market Analyst

This is the first level in the series.

• Reports to a technical superior.
• Prepares and maintains surveys, statistical studies and analytical reports of labor market events for use in projecting state, local and national employment, unemployment and labor market statistics.
• Organizes labor market surveys ensuring proper control and review of data for accuracy and reliability.
• Participates in various national, regional or local validation studies to ensure accuracy of database.
• Contacts include department staff, other agencies and private industry sources to collect data and other pertinent information; other states, local and federal government and the general public in order to provide and/or exchange information.

 Labor Market Senior Analyst

This is the senior level responsible for the development of highly technical labor market reports and trend analysis.

• Responsible for the collection, analysis and projection of data for more complex programs and resolves any unusual data/corrects any erroneous data.
• Ensures federal and/or state deadlines and data quality requirements are met for assigned programs.
• Develops and maintains database management programs to provide computerized reporting capacity for the office and makes recommendations for changes that enhance data reporting.
• Develops and maintains local economic and labor market event chronicles utilized for monthly layoff and quarterly trend analysis.
• Monitors progress toward reaching survey goals and conducts survey operations to obtain the appropriate survey response rates and compares with benchmark employment data.
• Provides, reviews, and comments on survey procedures and proposed changes as requested by regional, state, and national offices. 

Labor Market Information Supervisor

• Reports to  an administrative supervisor.
• Supervision is exercised over at least two or more merit full time positions per the Merit Rules. The elements of supervision include planning, assigning, reviewing, evaluating, coaching, training, recommending hire/fire and discipline.
• Develops, recommends and implements new/revised policies and procedures.
• Prepares or oversees the preparation of various reports relating to labor market employment, unemployment data and budgetary and program requirements.
• Analyzes program needs, defines problems and recommends solutions; implements new or revised programs and develops methods and procedures for program operation in accordance with federal and state regulations.
• Makes presentations to state officials regarding program status and labor market information.
• Contacts include representatives from other sections, state and federal agencies regarding program operations, data processing and budgetary requirements and developing project proposals.

Labor Market Economist

This level is responsible for economic and legislative analysis and forecasting changes in economic conditions which may materially affect Delaware's labor markets, revenues, bond ratings, and legislative agenda.

• Initiates, plans and executes economic and econometric studies pertaining to labor supply and demand issues in Delaware.
• Designs and implements strategies for the collection of new labor market data.
• Develops methodologies for acquiring and utilizing new sources of economic data.
• Researches, develops and prepares complex reports pertaining to state and national economics and other matters.
• Provides accurate, in-depth research and analysis of existing and/or proposed legislation and determines the potential impact on the state.
• Identifies economic factors affecting the state's labor market, projects economic trends and evaluates policies.
• Utilizes current econometric techniques and computer simulation modeling to accurately generate economic forecast.

The intent of the listed knowledge, skills and abilities is to give a general indication of the core requirements for all positions in the class series; therefore, the KSA's listed are not exhaustive or necessarily inclusive of the requirements of every position in the class.

• Knowledge of the principals and practices of labor market analysis.
• Knowledge of the practices and theory of labor market economics.
• Knowledge of basic statistics and evaluation theory. 
• Knowledge of available sources of labor market and occupational information, various data classification and data synthesis and analysis systems currently in practice, i.e. Bureau of Labor Statistics survey programs.
• Knowledge of database, spreadsheet and word processing techniques.
• Knowledge of automated data sources for local labor market analysis.
• Ability to prepare reports, analyzing trends and data adjustments.
• Ability to interpret law and regulations and other external factors affecting labor market conditions.
• Ability to communicate effectively.

<In addition to the above knowledge, skills and abilities, the Labor Market  Senior Analyst requires:

• Knowledge of the application of labor market and occupational information in the planning and design of staff programs.
• Skill in the use of automated data sources for labor market analysis.
• Skill in report writing.
• Skill in the research, evaluation and interpretation of statistical data.
• Skill in the reporting of labor market statistical and research data.

In addition to the above knowledge, skills and abilities, the Labor Market Information Supervisor requires:

• Knowledge of statistical tests for data interpretations.
• Knowledge of state and federal rules, regulations, policies and procedures governing program operations.
• Knowledge of supervisory principles and practices.
• Ability to plan and direct the work of staff.

In addition to the above knowledge, skills and abilities, the Labor Market Economist requires:

• Knowledge of economic principles and theories.
• Knowledge of econometric modeling techniques.
• Knowledge of the methodology of research, including latest survey and sampling techniques.
• Skill in advanced statistical techniques, including time series analysis and limited dependent variable techniques.
• Skill in the generation of econometric forecasts.
• Skill in analyzing and interpreting economic and econometric studies and verifying their validity.
• Skill in projecting labor market information based on economic trends
• Skill in operating computer simulation models.
• Ability to interpret and analyze policies, regulations and laws.

JOB REQUIREMENTS for Labor Market Economist
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

1. Possession of a Bachelors degree or higher in Accounting, Business Administration, Economics, Finance, Business Management, Computer Information Systems or related field.
2. Three years experience in labor market analysis which includes analyzing labor market supply and demand for specific occupations, unemployment and employment.
3. Three years experience in econometrics which includes the application of mathematical and statistical techniques to economics in the study of problems, the analysis of data, and the development and testing of theories and economic models.
4. Three years experience in designing studies which includes determining study goals and objectives, information needed, data sources, sampling and collection methods.
5. Three years experience in inferential statistics such as correlation, t-tests, f-tests or analysis of variance.
6. Three years experience in descriptive statistics such as the mean, median, mode or standard deviation.
7. Six months experience in interpreting laws, rules, regulations, standards, policies, and procedures.