Labour Market Information

What is Labour Market Information (LMI)? 

The term ‘labour market’ is used to refer to the interactions between those in need of labour (employers or buyers), and those who can supply labour (employees or sellers). The labour market is in a constant state of change as it responds to the needs of employers, who in turn respond to influences in the wider environment. 

Read more at: https://warwick.ac.uk/fac/soc/ier/ngrf/effectiveguidance/improvingpractice/lmi/lmi_matters_lsc.pdf

Supply and Demand

The Supply of Labour is made up of the people who live and/or work in the area, the skills they have and the number of hours they want to work

The Demand for Labour comes from employers (businesses and public sector organisations) – what they need in terms of skills and the number of hours they need people to work. 

Why is this important? 

• LMI tells you about what is happening in the job market at national, regional and local levels and includes information about jobs and salaries, what skills employers are looking for in different industrial sectors, conditions, communities and future trends.

• LMI can help you discover where the job opportunities are, the sectors, occupations and locations you need to look out for, and help you identify the skills you might need to develop in the future.

Researching 

You can find Labour Market Information everywhere! From looking on careers websites to university career pages etc. 

Some other ideas where you can find information include: 

Careersbox

Careersbox is a free on-line library of careers related videos, news and information aimed at careers advisers and job seekers. Case study videos show real people doing real jobs, giving viewers an insight into entry routes and skill requirements for careers in all sectors.

Education & Skills Funding Agency

The Education & Skills Funding Agency (ESFA), an executive agency sponsored by the Department for Education, brings together the former responsibilities of the Education Funding Agency (EFA) and Skills Funding Agency (SFA) to create a single agency accountable for funding education and skills for children, young people and adults. The ESFA delivers the National Apprenticeships Service and the National Careers Service and publishes a range of information about the labour market.

Although every effort has been made to ensure that this information was correct at the time of publication, websites and web addresses are particularly subject to change, which may make the information become gradually less accurate

Higher Education Statistics Agency

The Higher Education Statistics Agency collects data from higher education institutions and publishes a range of free statistics on-line, including student destinations

Illuminate 

The home of student and graduate labour market information from Prospects

https://luminate.prospects.ac.uk/

icould is a careers website helping young people make the most of their potential and talent by showing them how others have used theirs. The icould storytellers relate, in their own words, their real life career journeys in over 1,000 career videos and hundreds of written articles aimed at students, career starters, career changers and careers professionals, parents, teachers and employers. Articles include information about the future world of work and future career prospects in a number of industries.

Labour Market Information Portal 

The Labour Market Information Portal provides up to date labour market information for the Tyne and Wear, Durham and Northumberland areas.

The Portal provides, at a glance, access to local information about the population, employment, economy, industry movements and job vacancies.

The Portal provides a number of informative and in-depth videos about careers in a number of industries in the North East.

For more information, visit the Labour Market Information Portal website.

Learning and Work Institute 

Through lots of resources and information, this page is helpful to show many aspects regarding life long learning, including the benefits available whilst working or training- a website helpful for everyone! 

Look on here for up to date information and statistics on the job market:

https://learningandwork.org.uk/

National Guidance Research Forum

The National Guidance Research Forum (NGRF) provides information for careers guidance professionals and their website includes an LMI learning module aimed at teachers, tutors and mentors.

The LMI Future Trends section of the NGRF website has labour market information on 25 sectors and broad occupational groups focusing on future changes in the labour market and skills. The information is aimed at people who want to improve and update their knowledge of the UK labour market and has been composed from a range of high quality sources, ensuring that it is up-to-date, reliable and impartial.

National Careers Service Job Profiles

The National Careers Service Job Profiles contain information about the types of jobs available in different areas, which industries are growing, which need staff to replace those leaving and the skills which these employers will be looking for.

The National Careers Service Job Profiles contain information on the skills and qualifications required for over 750 jobs. You can also find out about the work involved, salaries you and career prospects.

Neighbourhood Statistics

Neighbourhood Statistics is provided by the Office for National Statistics and offers local labour market information on a range of topics including education, skills and training, the local economy and local population.

Nomis

The nomis service is provided by the Office for National Statistics giving free access to the most detailed and up-to-date UK labour market statistics from official sources.

Labour market profiles contain summary data from a range of sources for individual local areas. Detailed statistics offer access to a full range of data in greater depth and for multiple local areas.

Informative video podcasts on a number of topics are available, with titles including Young people in the labour market, The unemployed youth in the UK and the monthly Labour market across the UK.

Sector Skills bodies

Sector Skills bodies provide strategic leadership for education, training and skills development in specific economic sectors in the UK. They work with the Government, learning providers and awarding bodies to ensure that qualifications meet the needs of employers and individuals.

The Office for National Statistics

The Office for National Statistics (ONS) is the UK’s largest independent producer of official statistics and is the recognised national statistical institute for the UK. It is responsible for collecting and publishing statistics related to the economy, population and society at national, regional and local levels.

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/regionallabourmarket/october2021

UK National Statistics

The UK National Statistics Publications Hub is the gateway to UK National Statistics publications including labour market statistics measuring different aspects of work, jobs and the economy. Statistics cover people’s participation in the labour force, working patterns and the types of work they do.

World Skills UK

Our Spotlight on Careers series shines a light on skills for today and the exciting challenges of tomorrow. Available on demand in 30-45-minute sessions, these highly inspirational episodes highlight technical education and apprenticeships helping students on the first steps in careers planning and educators to provide engaging careers advice to meet Gatsby Benchmarks 2, 4, 5 and 7.