Labor Exchange

Labor Exchange funds are used to assist persons in One-Stop Career Centers secure employment. These funds are also used to provide job seekers with job market information, job search assistance, and skills assessment. Employers also benefit from these services in the form of worker recruitment. Now Wagner-Peyser services to job seekers include assessment of skill levels, abilities and aptitudes; career guidance when appropriate; job search workshops; and referral to employers. The services offered to employers, in addition to referral of job seekers to job openings, include matching job requirements with job seeker experience, skills and other attributes; helping with special recruitment needs; assisting employers analyze hard-to-fill job orders; assisting with job restructuring; and helping employers. States are expected to provide these services within their One-Stop Career Centers nationwide.

The Nationwide Recovery Act provided an additional $396,000,000 for Labor-Exchange activities (including Reemployment Services). The federal allocation is based on unemployment, job seekers served, and size of region in square miles.

Colorado’s allocation equals $2,329,663

Ninety percent of the sums allotted under the ARRA will be used for numerous types of employment services, including job search and placement services for job seekers, and worker recruitment for employers.

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