Labour Market Information (LMI) is the name for facts and figures about jobs and employment. The information is used to give an overall picture of the past, present and future of work. The labour market is the term used to describe the amount of people working and looking for work, and the amount of jobs.
Choosing a career is a big decision so it is a good idea to be as informed as possible. In order to do that you should use Labour Market Information to make an informed choice.
Finding reliable information about the local and national labour market is vital to inform good-quality information about jobs and career paths. Access to up-to-date career and labour market information (LMI) is also important for social mobility. If pupils and their parents know what pay you get for different jobs and where and how numerous the vacancies are, they are in a better position to make informed choices about future study and training.
LMI can help you understand:
what a job involves on a day-to-day basis
which jobs are growing or declining – for example, it is predicted that the amount of nurses will rise, but the amount of printers will fall
what qualifications or skills you might need to do a job
how much you might earn
how your interests and skills are relevant to particular jobs
what jobs there where you live or in another area.
As with most statistics, LMI looks at trends and averages. It provides a general guide to jobs and the job market. LMI can help you:
look at careers in different ways
consider aspects of jobs which you may not have thought about before
ask questions
You can use LMI as a tool to help you make decisions about your future (but remember, there are lots of other factors to think about too).
LMI does not tell you what to do. It is not designed to give you a complete picture or a personal view. Remember, there will always be people with different experiences to what the data shows. And a job that is right for you may not work for someone else.
Other things to consider when looking at LMI:
The labour market changes. This is the most recent data available, but there is a delay between information being collected and processed. Jobs such as social media manager, drone operator or app developer simply did not exist several years ago. New jobs won’t always be reflected in LMI (and future jobs won’t be there at all)
Numbers are often rounded up or down and are not meant to be precise
Think about exploring jobs with similar words in the title. You may also want to look at a job family or sector to find similar job roles. This is because the same job can have different names. The official occupational
This report provides an in-depth exploration of the future skills needs for the Northern Ireland economy from 2023-2033. Produced by Ulster University’s Economic Policy Centre (UUEPC), the research examines the current skills gaps, identifies the emerging trends, and predicts potential future gaps over the next decade to 2033.