A Data Mining Approach to the Monitoring of Public Programs for the Retraining of Unemployed Workers

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Executive Summary

A recent report of the Upjohn Institute on a framework for an optimal labour market information (hereafter LMI) system said that "Government must play a major role to ensure there is a public LMI system, which produces reliable and relevant information, and that LMI is disseminated in user friendly ways to increase the likelihood of improving the efficiency of markets. In addition to assembling relevant data public agencies have a key role in transforming facts about economic activity into useful labour market" (Woods and O'Leary, 2006). The study offers some important criteria for the optimization of an LMI system, and also uses standard and innovative data mining techniques as final instruments in public and private monitoring process of labour market.

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