1. Introduction to the Labour Market Concepts & terminology Availability & limitations

2. 2 LABOUR MARKET & LABOUR MARKET INFO What is a labour market? “…is defined as the informal mechanism where the demand and supply of labour interact…” What is labour market information (LMI)? “…material and data about the supply and demand for labour within a certain market…”

3. 3 POPULATIONS WITHIN THE LABOUR MARKET The Economically Active Population Who makes up the economically active population? Percentage of the working age population economically active by region, 2003 Source: ONS, LFS, NOMIS data service, 2005. England

4. 4 POPULATIONS WITHIN THE LABOUR MARKET The Employed Population Full-time, part-time, self-employment, permanent & seasonal employment. Working age employment rate by region, 2002 & 2003

5. 5 EMPLOYED POPULATION Where are people employed? Labour market information classified into occupations (SOC) and industries (SIC)

6. 6 EMPLOYED POPULATION Employment by industry, South West & England, 2003

7. 7 EMPLOYED POPULATION Employment by occupation, South West & England, 2003

8. 8 EMPLOYED POPULATION Sector Skills Councils (SSCs) Four key goals, to: 1.Reduce skills gaps & shortages 2.Improve productivity, business & public service performance 3.Increase opportunities to boost the skills & productivity of everyone in the sector’s workforce 4.Improve learning supply including apprenticeships, higher education & National Occupational Standards (NOS)

9. 9 EMPLOYED POPULATION RDA Priority Sectors Established regional sectors: Aerospace, ICT, Food & Drink, Marine and Tourism. Emerging regional sectors: Creative industries, Biotechnology and Environmental technologies.

10. 10 EMPLOYED POPULATION Learning & Skills Council Six additional regional priorities: Construction, Health & social care, Retail, Engineering sectors and the Public sector.

11. 11 UNEMPLOYED POPULATION How is unemployment measured? ILO unemployment Claimant unemployment What is the economically inactive population?

12. 12 TRENDS IN THE LABOUR MARKET How about trends in the labour market? Political & economic factors Innovations in technology & effects of globalisation Demographic changes Sectoral changes

13. 13 EXERCISE Discussion: Do you use LMI and if so why? Why might LMI be important in you role as a skills broker? (about 10 mins)