Labour Market Information
When someone receives good labour market information (LMI) that leads to a good decision, it benefits the individual, the employer and the economy.
LMI can help people identify the skills they might require in the future. Even within familiar occupations, job tasks and job titles change and develop as products and technology change and develop. For example, e-commerce has changed the way businesses operate, and subsequently the way that administration and finance workers operate.
People need to be aware of how easy or hard it will be to get into their chosen career. They also benefit from accurate LMI about pay levels, job security and local prospects which they need to consider if they are to make realistic and informed career decisions. LMI can help people broaden their aspirations to include similar occupational areas in the event that their first choice not possible or not available in their area.
It’s important for people to recognise the discrepancy between unrealistic aspirations and the likely outcomes. LMI can be used to set out the realities of the job market and allow people to avoid wasting time in areas where they are unlikely to be successful.
Please read through the attached document from the National Careers Service, which details LMI in the local region and around the UK.
Another excellent resource is the widget function on the website:
This widget allows you to explore and compare key information about occupations help of learn about different occupations and identify potential careers.
It provides access to a selection of UK headline data relating to pay, weekly hours of work and future employment prospects for different occupations, as well as description of the occupation.
“LMI Matters! Understanding labour market information” from the Learning and Skills Council