What is Labour Market Information (LMI) and why is it important?
Labour Market Information (LMI) gives a picture of what is happening in the world of work right now and in the near future. It covers topics like local job availability and unemployment rates, salary ranges for different careers, which industries are growing and declining, which skills are in demand, and more.
Because the world of work is constantly changing, it is important for young people to stay up to date on employment trends. This will allow them to make informed decisions about their education and career paths, and to plan for the future. For example, being aware of which industries are growing or which skills are increasingly in demand, may influence which course a young person chooses to study at university.
At school, students are encouraged to use Unifrog to explore local Labour Market Information. The Unifrog Careers Library allows students to compare salaries, working hours, job numbers and growth trends between different careers, and compare the local and national job market.
The Careerometer
The Careerometer is a useful tool to explore and compare different careers, looking at salary, working hours and future job prospects.
Other links
These are some other helpful websites to stay up to date with career options and Labour Market Information:
- icould.com features more than a thousand videos of people talking about what they do in their jobs, which skills are important, and what their career path has been
- The National Careers Service has hundreds of job profiles explaining the responsibilities, salaries, working hours, career prospects, and necessary skills and qualifications for each career
- London LMI has information on key local employers and job opportunities by borough
- The Learning and Work Institute publishes monthly briefings that summarise key developments in the UK-wide labour market