Labour Market Information (LMI)
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Simply put, Labour Market Information is when the skills and experience offered by people looking for work matches what the employer needs and both parties are in agreement on the wages, hours and conditions, everyone is happy.
The average person in the UK spends 80,000 hours over a lifetime in work – approximately 30 years! The rise in average lifespans means that this is likely to increase in future. Young people today are expected to work for longer than any generation in history. Therefore, wouldn’t it be great to find a job or career that you love considering you will be working in that area for so long! Decisions which affect our careers are amongst the most important and influential choices we can make.
A young person might want to only consider a job in Tameside but being open to commuting or even relocating will open up a much wider choice of roles.
Which sectors will show future growth?
An ongoing demand to develop new technologies creates new opportunities but some roles are edged out. A huge growth in the knowledge-based industries means that more jobs today require specific and technical skills and often a higher qualification level.
Creative and digital, information and communication technology, hi-tech engineering, life sciences and tourism are all examples of sectors which contribute hugely to the UK economy and a lot of the new jobs available to young people will be in these industries. A relatively new sector often termed the ‘green economy’, offers a variety of roles which will help the government meet its environmental targets.
We’ll also see demand for people to join the hospitality, construction, agritech and logistics sectors – some will be into new jobs such as in hotels and leisure activities, other vacancies will be to replace those who retire or move on. And with life expectancy growing there’ll be a huge demand for care and health workers across a range of jobs.
It’s important to remember that employers across all sectors are looking for young people to replace those who leave and they’re also looking to create more diverse workforces.
Think beyond what you consider to be a ‘typical’ job in a sector – manufacturing, for example, has some hugely exciting jobs waiting for creative young people and the construction industry desperately needs people in manual and non-manual roles. Discover more about the top 5 sectors across Greater Manchester on .
What are employers looking for?
A wide range of research has shown that there are common skills and qualities which employers want from their employees. These include a need to have good literacy, numeracy and IT skills. However, employers also want workers who are motivated and have a positive attitude at work. Qualifications are obviously important, and in some jobs they are a must, but employers are looking for much more than qualifications.
Employers top 10 skills (Source: The Careers and Employability Service at Kent University)
Analysing and investigating
Planning and organising
What is the Labour Market Information for Greater Manchester?
View a Digital Careers Prospectus (for Stockport) here:
Click on the links below to find the latest Labour Market Information for different sectors in Greater Manchester: