Labour Market Information
LMI helps students explore and investigate key aspects of a particular area of employment.
- The sectors,industries and businesses that operate there
- The jobs that exist
- The number and type of vacancies available
- The sectors and the industries that are predicted to grow and increase in the coming years.
- Travel to work routes
- The kind of skills that are/will be needed by industries and businesses
- Pay and progression routes.
Interpreting and narrowing down LMI that is applicable to a young person’s needs can become overwhelming, it is therefore better to start researching areas of interest and concentrate on those industries. We also recommend looking local resources.
Take time to reflect on your own understanding:
How up-to-date are you?
How much has changed since your family went to university?
What routes are there other than university?
It’s no longer safe to assume that if a young person has not achieved straight A* GCSE and A level results they can rule out medicine or veterinary science.
We would like to help ensure our students are aware of how their subject and course choices can open career options, but can also close them down.
We know that it is crucial that young people need to hear about careers, work and job roles from the ‘experts’ – the people doing those jobs.
We encourage students to ask visitors, speakers and employers about their career progression routes – we know that it helps them recognise that paths are not necessarily linear and throw up some unexpected career choices.
Did you know.....
LMI Facts and Figures - January 2020
The UK unemployment rate was estimated at 3.8%. (January 2020).
There were 800,000 young people (aged 16 to 24 years) in the UK who were not in education, employment, or training (NEET) in July to September 2019.
The percentage of all young people in the UK who were NEET in July to September was 11.6%.
There were an estimated 805,000 vacancies in the UK for October to December 2019.
The estimated employment rate for a woman was a record high of 72.3%.
One in eight people without a degree are working in graduate jobs. Sales, HR, and retail are common with non graduates.
There was an estimated 5.43 million people employed in the public sector for September 2019, which was 27,000, more than for June 2019.
The highest average estimated weekly hours worked for the 12 months ending September 2019 in London was 34.
Have you looked at some of these useful websites?
Sector Insights cover a range of sectors and topics
National Careers Service (England) My World of Work (Scotland), Careers Service (Northern Ireland) and Careers Wales provide a range of information and job profiles.
National Careers Service and http://icould.com/explore/ provide labour market information (LMI) by sector and region.