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What is Labour Market Information (LMI)?
LMI effectively describes the world of work – ranging from descriptions of different careers, their entry routes, promotional prospects, salaries paid, skills and qualifications needed, etc. Crucially for young people, LMI also covers future demand – what kinds of jobs will be in demand after leaving school and what kinds of skills will be needed?
What information does it include?
• Skills, career pathways and progression routes in the local labour market
• Qualifications, training and entry requirements
• Employment sectors, employers, jobs, salaries and employment trends
• Job demands and working life
• Financial planning
We encourage our parents to access and use the information about labour markets and future study options to support their children.
Click on the images below to view up to date Labour Market Information for Birmingham and the Black Country.
Download and read Careers of the Future West Midlands to find out the 40 top jobs of the future.
Use the Careerometer below to find out key information about different jobs including average pay, working hours and projected workforce changes. Just type in any job title to find out more! You can also click on "Display the UK Average" to see how your selected job compares to the UK average.
|Curriculum Vitae (CV)||A document used to communicate your skills, qualifications and experience to potential employers.|
|Employment||A relationship between an employer and an employee. An employee gives up their time to do a job in exchange for money paid by the employer. You can also be self employed - this is when you earn money without an employer.|
|Labour Market||The world of work is like a marketplace. Employers are buying employees, employees are selling their time and labour.|
|Occupation||This describes a type of job or series of closely related jobs.|
|Recruitment||The process of finding employees to fill job vacancies.|
|Salary||A regular payment made to someone for the work that they do.|
|Sector||The type of organisation you work for .|
|Trends||Economists look at what happened in the past to make predictions about what might happen in the future.|
|Work||This term describes anything that an individual does which takes their time and energy. This is different from employment as we are not always paid for work.|