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In trying to understand the job market, an effective skills taxonomy is crucial: it is how you take the tremendous amount of data available from job postings and turn it into actionable insights. This white paper looks at how an effective taxonomy allows for detailed analysis of the job market at the level of individual skills. The Burning Glass Technologies global skills taxonomy has been developed over 20 years of experience and tested it in real-world job market conditions. The white paper explains how the taxonomy powers Burning Glass Technologies products and provides insight to employers, educators and government officials.