Labour Market Information (LMI) can provide us with insights into different jobs and opportunities, telling us what is available now or predicted to be in the future. It can be gathered from a wide array of sources from websites through to adverts for job vacancies. Even anecdotal sources such as conversations with friends and family can give us information on who maybe recruiting. Each source can provide us with information on the labour market, turning it into intelligence, however, is key. To do that it is important to ask: “How was the information gathered, when, by whom and for what purpose?”
TOP TIP: LMI is often seen as a reliable prediction of the future; this isn’t always the case as any forecast is open to fluctuations and change. A good rule of thumb to remember is that the further away the prediction is, the more open to change the forecast will be.
Tools such as http://www.lmiforall.org.uk/cm2/index.html can help us access data on different jobs but is generalised. The pros and cons of this are outlined here: https://www.economicmodelling.co.uk/2015/12/11/what-is-labour-market-information-part-4-granularity/
To create a clearer picture, it is important to try and use more than one source of information to get as big a view as possible (much like when you check more than one “customer satisfaction” survey when buying a car, laptop or new mobile phone). Using more than one source of data increases the odds of accuracy.
Sources of LMI
Presented below are sources of information to help you with your research. We take no responsibility for decisions made using this data nor the on-going validity of each source; instead, we encourage you to investigate each one with care and consideration.
Data packs by district: http://www.kelsi.org.uk/skills-and-employability/14-to-19-25-curriculum-pathways/districtdata-packs
Economic forecast: http://www.kent.gov.uk/about-the-council/information-and-data/Facts-and-figures-aboutKent/economy-and-employment
SELEP key facts: http://www.southeastlep.com/about-us/area-strengths
Region reports: http://www.economicmodelling.co.uk/lep-region-reports/
LEPS: https://lep.london/about/publications and http://www.coast2capital.org.uk/sector-analysis/
UK: www.wheretheworkis.org , https://www.nomisweb.co.uk/
Sector forecasts: https://www.prospects.ac.uk/jobs-and-work-experience/job-sectors
Forecasts available by job profile and area: https://nationalcareersservice.direct.gov.uk, http://explore.skillsroute.com and https://www.startprofile.com/
Job hunting: https://www.blog.google/around-the-globe/google-europe/helping-more-people-uk-find-theirnext-job/ and https://www.economist.com/briefing/2014/12/30/theres-an-app-for-that
London Data Store: https://data.london.gov.uk/apps_and_analysis/labour-market-update-for-london-may-2018/
EU and Globe
Reports: http://www.oecd.org/employment/ and https://www.ilo.org/infostories/
EU Countries: https://ec.europa.eu/eures/public/en/homepage
Will a robot take your job? http://www.bbc.co.uk/news/technology-34066941
Future scope: https://www.nesta.org.uk/futurescoping/
University of Warwick: https://www2.warwick.ac.uk/fac/soc/ier/research/wf/
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