Presentation shared during the first session of the COLABORA community of practice on the labor market information system. The world's labor markets are continuously evolving, transforming the nature of jobs and the labor ecosystem. Megatrends--the Fourth Industrial Revolution (4IR), artificial intelligence, digitalization, climate change, demographic shifts, and migration--are driving rapid changes in economic activities and jobs, requiring rapid adaptation at the individual, business, and societal levels. When information is limited and of poor quality, mismatches can be observed between the skills acquired by the workforce and those demanded by employers, higher unemployment, lower productivity resulting in lower incomes, and suboptimal economic growth. Governments play a key role in addressing these challenges. A Labor Market Information System (LMIS) can address information gaps. First, an LMIS helps workers make informed decisions that are responsive to the ever-changing demands of the private sector, especially regarding the skills and jobs needed now and in the future. Second, it provides relevant and up-to-date information for decision making by employers and educational institutes. Finally, it helps policy makers to adjust labor policies according to the needs of the labor market, to maximize impact and efficiency. Box 1 explains the four main functions of an advanced labor market information system.
DETAILS
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Labor Market Information Systems
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6/26/2025 07:31:00 PM
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1/12/2026 07:31:00 PM
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Josefina Posadas,Harry Moroz,Maria Julia Granata
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Presentation
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English
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World
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Information Technology
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COLABORA CoP
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Presentation shared during the first session of the COLABORA community of practice on the labor market information system. The world's labor markets are continuously evolving, transforming the nature of jobs and the labor ecosystem. Megatrends--the Fourth Industrial Revolution (4IR), artificial intelligence, digitalization, climate change, demographic shifts, and migration--are driving rapid changes in economic activities and jobs, requiring rapid adaptation at the individual, business, and societal levels. When information is limited and of poor quality, mismatches can be observed between the skills acquired by the workforce and those demanded by employers, higher unemployment, lower productivity resulting in lower incomes, and suboptimal economic growth. Governments play a key role in addressing these challenges. A Labor Market Information System (LMIS) can address information gaps. First, an LMIS helps workers make informed decisions that are responsive to the ever-changing demands of the private sector, especially regarding the skills and jobs needed now and in the future. Second, it provides relevant and up-to-date information for decision making by employers and educational institutes. Finally, it helps policy makers to adjust labor policies according to the needs of the labor market, to maximize impact and efficiency. Box 1 explains the four main functions of an advanced labor market information system.
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