A comprehensive labor market analysis can help position your area to compete in the global economy for the best economic development opportunities and the highest-level jobs. In the short term, workforce analysis will document the current strengths and weaknesses of the workforce, quantify labor supply and quality, quantify hidden labor resources, define emerging employment trends and economic opportunities and provide the right information for prospects and site consultants.
Long term, this workforce analysis can provide a plan to transition the workforce to the emerging economy which requires higher skills. It will help you make certain your workforce matches your economic development targets—and that you have the skills base, research, training, and other key assets in place.