Labour market information is a mechanism that matches potential employers of people (the demand for labour) with people who are available for work (the labour supply). Labour markets operate at local, regional, national and, increasingly, at international levels, reflecting how economies operate.
The supply of and demand for labour is constantly changing. Labour market information is compiled to track and record those changes, and to predict changes that might happen.
Labour market information is gathered from a wide variety of sources including: Government departments – e.g. unemployment figures, levels of imports and exports; The National Census – e.g. people’s ages, occupations, etc; Learning and Skills Councils (LSCs) – e.g. levels and types of training in demand, skills shortages, etc; Sector Skills Councils representing particular industrial sectors, Chambers of Commerce – e.g. wages surveys, business activity surveys; Business Link – e.g. new business start-ups educational performance data – e.g. achievement and attainment tables, exam entries and results, progression data; local government – e.g. inward investments – success rates for attracting new or relocating business to the area; External IAG providers such as Connexions – e.g. employment activity surveys, education leavers‟ destinations and tracking information.
Labour market information is interpreted by many organisations to produce reports and forecasts on a wide range of topics, for example: National Government Departments – e.g. statistics on skills shortages and training needs; predicted staffing shortfalls in occupations like medicine and teaching; external IAG providers – e.g. reports on destinations of school leavers.
At Uxbridge High career and labour market information (LMI) can be accessed through a variety of avenues such as termly e-bulletins for students and parents, student handbooks, online programmes: Unifrog; careers platform and an impartial careers advisor. Information is provided about:
- Skills, career pathways and progression routes in the local labour market;
- Job applications and interviews;
- Educational institutions, courses, qualifications, entry requirements and costs;
- Professional bodies;
- Employment sectors, employers, jobs, salaries and employment trends;
- Jobs, training and apprenticeships;
- Job demands and working life;
- Financial planning.
Please click here to see up to date Labour Market Information LMI Bulletin - Mar 2019
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