There are different types of labour market information (LMI). For example:
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.
Watch this short video presentation (which explores different forms of labour market data)
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.
How do you make sense of labour market information?
What do your clients and / or students ask you about the labour market?
What type of LMI do you need and use the most?
LMI for All data has achieved Pilot level certification from the Open Data Institute which means extra effort went in to support and encourage feedback from people who use this open data.
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LMI For All