WHAT IS LABOUR MARKET INFORMATION?

Labour Market Information (LMI) tells you about the workplace or labour market. It is information relating to:

• occupations and industries

• job numbers and salaries

• educational levels for occupations

• workforce demographics

• numbers of establishments in particular sectors

LMI also describes:

• the condition of the labour market, past and present, as well as future projections

• where work opportunities are increasing or decreasing

• what occupations exist

• what you need to study to become a professional in that occupation

• what is required to take up an occupation

• how you can find a job, change job or progress in a career

Essentially, it is a useful tool to help research future jobs in the local area, understand the skills needed for certain roles and the demand for future employment. LMI is at the heart of every effective careers decision you will make. It is very difficult to realise your occupational aspirations and progress your career without an awareness and understanding of the labour market trends.

USEFUL LMI LINKS

Careers Inspiration has some excellent and very clear LMI about Birmingham.

The National Careers Service has a feature where you can explore various aspects of a career (typical salaries, working hours, entry requirements etc) to ascertain whether it is for you.

Nomis offers labour market information and key trend data about a local area.

The Office for National Statistics also offers regional LMI information.