Labour Market Information Kay Gregory Development Manager Careers Solutions

‘ The world is changing fast. In spite of the current economic difficulties faced by all countries around the world, the global economy is expected to double in size by 2030, creating up to a billion new jobs in high skill industries, shaped by faster technology and communications, low carbon industries and greater resource efficiency. Markets and industries which have not yet been imagined will emerge.’

Central to provision of high quality CEIAG Key factor in government policy re education/skills Choices for young people at 14, 16 and 18 are complex Curriculum developments ?? Travel to work patterns Used by organisations to inform decisions, e.g. FE curriculum, training provision, etc. Why is LMI so important?

Global Economy Digital technology Science Low Carbon Energy Knowledge Economy Health Graduate Labour Market Advanced manufacturing

Retail Creative/Digital/Media Education Manufacturing Construction Public Sector Logistics Life Sciences Financial and Professional services Hospitality and Tourism GM’s Employment Sectors

1.Financial and Professional services (16.6%) 2.Life Sciences (13%) 3. Retail (10.3%) 4. Manufacturing (10.3%) 5. Education (8.5%) 6. Construction (7%) 7. Hospitality and Tourism (6.1%) 8.Public Sector (5.2%) 9.Creative/Digital/Media (4.7%) 10. Logistics (4.1%) GM’s Top Ten Employment Sectors

Aviation/Manchester Airport Financial and Professional services Life Science Industries Creative/Digital/New Media Manufacturing ICT Digital/Communications GM’s Top Six Accelerator Sectors

Sector Skills Councils Sector Skills Councils (SSCs) are independent, employer-led, UK– wide organisations designed to build a skills system that is driven by employer demand. There are currently 25 SSCs covering over 90% of the economy, and they all work towards the following four key goals: – Reduced skills gaps and shortages – Improved productivity, business and public service performance – Increased opportunities to boost the skills and productivity of everyone in the sector's workforce – Improved learning supply through National Occupational Standards, apprenticeships, and further and higher education

Graduate Labour Market Degree holders now account for more than 80% in ‘professional occupations’ In 1968 there were 250,000 university students in UK….today the figure is 2.3 million A degree alone is not enough Conflicting information re job market Average graduate starting salary £19,677 - £ % of businesses in UK are SMEs

Breakdown by industry – expanding or contracting? Investment banks +33% Accountancy and professional services +13.9% High street banks +30.2% Retail +21.3% Consumer goods -3.9% Engineering and industrial -2.1% Public sector -4.3%

Resources Go Wild with LMI, Highflyers Work Matters Spotlights Ways & Choices Connexions Merseyside Any other suggestions?

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