Hopefully this publication has given you, its reader, a better understanding of the Wage Records database and its importance in the analysis of Wyoming's labor market. In the past, we have only had a view of the stream's surface. Wage Records data give us a view of what is causing the ripples and a better way to gauge their flow.
In the past, we have only had a view of the Labor Market from the firm level. The Wage Records database now gives us a view from the individual level.
Programs like ES-202 and CES are firm based and give employment as of
the week of the 12th of the month. They show net labor market
transactions. Wage Records not only shows all labor market transactions
for the quarter but also the individuals that were involved in these transactions.
Knowing the individual also allows us to link to other databases to gain
additional information. This additional information gives us a better understanding
of the makeup of the labor market.
Wage Records is a useful tool that we are just now learning to use. In the future, we will undoubtedly develop new techniques for analyzing the labor market using Wage Records. Some areas that will be either expounded on or explored are:
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