Labour market information (LMI)
What is labour market information?
It is information relating to career occupations and industries, such as job numbers and salaries. It can also include a range of more specific details, such as educational levels for occupations, workforce demographics and employment patterns locally and/or nationally.
Why is labour market information important in careers education?
High quality, reliable and robust labour market information is vital to offering effective career practice as it helps:
- navigate complex labour markets
- identify a pathway to goals and ambitions
- inform career decision making
- our understanding of a changing labour market
Why is it useful for students/staff/parents and carers to engage with local labour market information?
It is useful to find the answers to questions such as:
- How many jobs are there? How many in my area? What are the past trends? What are likely future trends?
- How much do people get paid for this job? How much at the start of their career? How much in my area?
- What level of qualification do people have in this jobs and what am I likely to need?
- How many vacancies are there for this job? What proportion of people in this occupation are currently out of work?
Other useful links:
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https://careermap.co.uk/
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https://nationalcareers.service.gov.uk/
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https://www.lmiforall.org.uk/
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https://icould.com/
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