Labour Market Information (LMI)
What is meant by the term 'Labour Market'?
The labour market, also known as the job market, refers to the supply of and demand for labour, in which employees provide the supply and employers provide the demand. It is a major component of any economy and is intricately linked to markets for capital, goods, and services.
Why do I need to know about the Labour Market?
Labour market information can help you make a good decision when you are exploring a career path, want to change jobs or move to a new place. It can help you find out what the labour market is like for that job or that city. For example, if you were interested in becoming a nurse or doctor and you move to a town where there is not a local hospital, you will have a hard time finding a job.
Labour market information tells you:
What jobs and skills employers are looking for.
Which industries are hiring and where they are located.
Where to find employers who are hiring.
What education and training you need for specific jobs.
Which job areas are growing in the future and other statistics.
Want to know more about the Labour Market?
Here are a list of useful links you can read around regarding the Labour Market:
Official Cencus and Labour Market Statistics - https://www.nomisweb.co.uk/reports/lmp/la/1946157180/report.aspx
UK Government labour market predictions 2014-2024 https://www.gov.uk/government/publications/uk-labour-market-projections-2014-to-2024
UK Government careers of the future https://www.gov.uk/government/publications/careers-of-the-future
The future of skills https://linkedin.github.io/future-of-skills/#explore
Careers pilot https://www.careerpilot.org.uk/
How to get your CV noticed https://www.thecareerowl.co.uk/5-tips-to-get-your-cv-noticed.html
Weekly careers news letter https://www.thecareerowl.co.uk/the-career-owl-hoot.html
Nomis, Offical labour market statistics https://www.nomisweb.co.uk/reports/lmp/gor/contents.aspx
Skillsometer is a freely available widget provided by the LMI for All service https://www.lmiforall.org.uk/skillsometer/
Careerometer is a freely available widget provided by the LMI for All service https://www.lmiforall.org.uk/careerometer/