In recent years, a small number of private, for-profit software companies have developed real-time labor market information tools to transform job postings data into analytics. The real-time data they produce can help jobseekers and education institutions better understand hiring trends and employer demand in their areas, including certifications and skill requirements. But the methodologies by which each vendor compiles its data are not consistent—nor are they necessarily made known to potential users.
As part of the Credentials that Work initiative that promotes the use of real-time LMI, JFF has reviewed the products of six leading vendors of real-time LMI to assist individuals and institutions considering the adoption of this innovative technology. Its findings (and recommendations) are captured in this brief.