What is labor market information all about and why is it important? Labor market statistics are comparisons of the types of paid work available in a given region which may be local, statewide, national or international at a given point in time and the wages associated with that work. Labor market information may help students and workers make career decisions based on supply and demand - the types of work available currently, in the projected future, in a region in which students may consider living and for the desired wage goals.