Labour Market Information
Let’s start with the term ‘labour market'. The first thing to know is that it has nothing to do with politics and the Labour Party.
Labour market information or LMI tells you about the workplace or labour market. Labour market information describes the condition of the labour market, past and present, as well as future projections. LMI effectively describes the world of work – ranging from descriptions of different careers, their entry routes, promotional prospects, salaries paid, skills and qualifications needed, etc. Crucially for you, 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 Young People?
Anne Milton MP, said: "It is vital, in an environment where new industries are emerging and many of the most important jobs of the future don’t yet exist, that individuals have access to high-quality labour market information and earnings data to underpin their choices."
Here are some useful links to LMI information:
LMI Future Trends - Warwick University
Greater Manchester LMI - Bridge GM
The Labour Market
