What is LMI?
There are different types of labour market information (LMI). For example:
- ‘Hard LMI’ typically refers to data gathered directly from the labour market and / or employer surveys on a geographic and / or sector basis to provide a statistical picture of current and likely future employment and skills trends.
- ‘Soft LMI’, in contrast, refers to information collected from a range of other, less official sources, like meetings or conversations with employers, or the experiences of particular jobs provided by people working in those jobs.
Labour market intelligence represents a further, important distinction. It refers to the interpretation of hard labour market data for different purposes and is what career practitioners and teachers find most useful for the career guidance process.
Why is LMI important?
LMI is pivotal to effective careers practice because high quality, impartial, current, expert knowledge about the labour market distinguishes careers support from other types of helping.
A careers practitioner or teacher is likely to use LMI every time they interact with someone seeking help. Questions about course choice, self-employment, how much money could be earned in a particular job, where the local job vacancies can be found, what will the ‘hot jobs’ be when they leave education? None of these questions or issues could be addressed without LMI. LMI can help to demystify the world of work and can help individuals achieve their career goals.
In summary, LMI provides the knowledge and understanding of how the labour market functions and is crucial for making sense of changing economic circumstances. It can also help when thinking about what the future might hold, so can support career decision making.
You can use the tools below to easily get labour market information.
Skillsometer can help you discover what jobs you might like to do in the future. You will be presented with a series of statements. Select the emoji shows how you feel about each statement. You will then be given suggestions of jobs linked to what you most enjoy doing. For each job, you will be presented with some headline UK data.
Careerometer can be used to explore and compare key information about occupations, help you learn about different occupations and identify potential careers. It provides access to a selection of UK headline data relating to pay, weekly hours of work and future employment prospects for different occupations, as well as description of the occupation. Simply type in the title of the job you are interested in and the widget provides a series of options from which you can select the most relevant to you. You can then look up another two occupations and compare. You can also select ‘display the UK average’ and compare the information with the occupation you have selected.