Understanding LMI LMI stands for Labour Market Information This is something that many people do not use much until they are beginning their Career after.

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Presentation transcript:

Understanding LMI LMI stands for Labour Market Information This is something that many people do not use much until they are beginning their Career after their Degree or when they are starting employment but it doesn’t mean that it is not important to you now whilst you are at school and planning ahead.

What does the title mean? Labour Market Information Work Availability/ Opportunities Facts It will make more sense soon……. Keep reading!

Labour Market Information is information that tells us what careers are growing, shrinking and careers / jobs that are just beginning. Labour Market Information helps us to understand what is happening in the world of work around us and also what opportunities there will be in each career and what opportunities you could take or aim for.

An example…… This is a bit far fetched as an example but it may help you understand. Lets say for example your chosen career is to be a Deep Sea Diver and you live in Birmingham; its going to be a bit difficult seems we are the City that is the furthest away from the Sea in England. So what do you do? You look at places in the UK that you can do this job (where there is a coast / sea). You would look to see where you can train, where they hire people for these jobs, what they pay and where you stand the best chance of getting this job and doing well in it. This is using Labour Market Information!

Employee jobs by industry in Birmingham​Nos. employed​% ​Agriculture and mining​2000.0​ ​Energy and water3,000​0.6 ​Manufacturing​39,900​8.1 ​Construction21, ​Wholesale and retail, including motor trades75, ​Transport storage20, ​Accommodation and food services​28,100​5.7 ​Information and communication12,000​2.5 ​Financial and other business services113,700​23.2 ​Public admin, education and health156, ​Other services20, Birmingham Labour Market This table informs us of the amount of people there are employed in different job sectors. However, the Job Market changes from time to time.

National Health Service​ Mitchells & Butlers Plc Birmingham City Council Goodrich Corporation ​J Sainsbury Plc​ ATS (Associated Tyre Specialists) ​Lloyds Banking Group Plc ​ Tesco Plc ​Kraft - Cadbury & Trebor​ HSBC Holdings Plc ​Asda​ Inspired Gaming (Uk) Ltd ​Metalrax Group Plc​ WS Atkins Plc ​Whitbread Plc​ Punch Taverns Plc ​Specialist Computer Holdings Ltd ​ GVA Grimley Ltd ​Jaguar Cars Ltd Co-Operative Group Ltd ​Aston Villa Ltd​ R P L Productions Ltd ​Wesleyan Assurance Society ​​ Eliza Tinsley Group Plc ​Lloyds Pharmacy​ Midland Heart Ltd ​The Royal Bank of Scotland Group Plc ​National Express - West Midlands These are the largest employers in Birmingham

Employee jobs by industry in Solihull​Nos. employed​% ​Agriculture and mining100​​0.1 ​Energy and water​1,300​1.2 ​Manufacturing​10,600​10.2 ​Construction​5,100​4.9 ​Wholesale and retail, including motor trades​15,200​14.6 ​Transport storage7, ​Accommodation and food services​7,900​7.6 ​Information and communication5,300​5.1 ​Financial and other business services​25,400​24.4 ​Public admin, education and health​21,800​21.0 ​Other services​3,500​3.4 Solihull Labour Market This table informs us of the amount of people there are employed in different job sectors. However, the Job Market changes from time to time.

National Health Service Solihull Metropolitan Borough Council Jaguar Land Rover Birmingham Airport. These are the largest employers in Solihull

vice/planning/jobfamily/Pages/default.aspx If you would like to learn a little about the Labour Market and the Career you are thinking about, you can use this link to take you to the National Careers Service page. This is their Job Profile page and when you click on a job it tells you at the bottom of that page some Labour Market Information for that role.