Labour Market Information (LMI)

What is LMI and what types of LMI are there?

LMI stands for Labour Market Information. In short, it refers to any relevant information about the current state of the jobs market.

LMI can include information such as:

The industries and businesses that operate in a certain location.
The types of jobs that exist and what they involve.
How many of those jobs there are.
The skills that are currently or will be in high demand.
Commute and travel to work patterns.
Typical rates of pay.
Career progression opportunities.

Based on LMI, students can decide:

Are there job opportunities for me where I live, or do I need to consider relocating for the career I want?
Does the pay for my dream career align with how much I’d like to earn? If not, am I okay with that?
How long will it take me to rise through the ranks in my career to my desired position, and am I willing to do the work to get there?
How competitive is my industry? Do I have a backup plan if it doesn’t work out in the way I want it to?
Is college, university, an apprenticeship, or working my way up from an entry level job the right path for me?

Proud to be a Lancastrian - but don't be afraid to spread your wings

Lancashire is a dynamic economic region within the North West and the wider North of England. It has a unique offer to make and a role to play in the Northern Powerhouse. Lancashire's leading international and national position in relation to aerospace, advanced engineering and manufacturing, energy, higher education institution excellence and visitor economy make it a pivotal part of the long term economic growth of the North. #WeAreLancashire

LMI in Burnley and Pendle

This short Vimeo is a very interesting LMI report based on Burnley and Pendle. More detailed information on further geographical areas in Lancashire can be found by clicking here

The Careerometer

Think of two possible career paths you’re interested in. Ideally, they should be different. Without looking anything up, write down for each one:

How much you think it pays per year.
How many hours you think you’d work in an average week.

Whether you think demand is growing (more people will be needed to do that role in the future) or shrinking (fewer people will be needed).

Enter up to 3 jobs using the box's below. How do they compare to one another? How do the real answers compare to your estimates? You might be surprised!

Simply type in the title of the job you are interested in and the widget provides a series of options from which you can select the most relevant to you. You can then look up another two occupations and compare. You can also select ‘display the UK average’ and compare the information with the occupation you have selected.

Skillsometer

Skillsometer can help you discover what jobs you might like to do in the future. You will be presented with a series of statements. Select the emoji that shows how you feel about each statement. You will be given suggestions of jobs linked to what you most enjoy doing

How to research LMI further

Prospects.ac.uk is a career website aimed at recent graduates and current undergraduate students. If you’ve ever wondered, “what on earth can I do with my degree?” Prospects is the site for you. Take the quiz or use the Career Planner to start working out where you want to go.

LMI For All is a comprehensive portal that collates various sources of LMI to provide high-quality data.

ICould uses data from LMI For All as well as real-life personal stories from young people. It has thousands of resources including videos and a calendar of careers events across the UK.

The National Careers Service offers over 800 job profiles on its website. Under each profile you’ll learn about the average salary, working hours, typical duties, and routes into the profession. Here’s an example:

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