What is Labour Market Information (LMI)?

LMI effectively describes the world of work – it ranges from descriptions of different careers, their entry routes, promotional prospects, salaries paid, skills and qualifications needed, etc.

Crucially for young people, LMI also covers future demand – what kinds of jobs will be in demand after leaving school and what kinds of skills will be needed.

Why is LMI Important to Our Students?

When considering a career path you need to consider whether a job/career is in decline or whether it is not available in your geographical area. It is then important to consider a number of factors.

• Which employment sectors and industries are growing.
• What skills will jobs require in the future.
• What hours, pay and conditions can I expect in the future.
• How can you upskill yourself to offer the best chance of success.
• Which industries and employment sectors are currently employing currently.

Learning from Careers and Labour Market Information.

Understanding LMI is becoming more and more important as the world changes, so that all students can be aware of where different job roles that are needed around the country and what types of jobs may need more people in the future.  Students need to consider:

• Am I willing to travel to work?
• Am I willing to relocate for work?
• Which skills do I have that need developing further?
• Will these jobs still exist when I have become qualified/ completed my training?

 

Where to find out more about Labour Market Information

To find out more information about LMI click the link below to head to the icould website which explains how to use LMI and how you can use LMI to help you make career decisions.

https://icould.com/stories/using-lmi-careers-decisions/

 

For local Labour Market Information in the London Borough of Bexley please use the link below:

https://london.startprofile.com/page/london-bexley

The London Borough of Bexley is in south-east London. It’s within the Thames Gateway, an area designated as a national priority for urban regeneration. The borough covers 23 square miles, stretching from the Thames in the north to Kent in the south. Although much of the borough is developed, there are also more than 90 parks and woodland areas, making it one of the greenest boroughs in London.

london.startprofile.com