Labour Market Information or LMI usually refers to data found in tables, spreadsheets, maps, graphs, charts, reports and newspaper articles, or it may exist informally and anecdotally.
It can tell us:
- where jobs are currently located
- the current size of industrial sectors and changes which might be expected in coming years
- where there are shortages or oversupply of potential employees and skills
- the hours and wages that can be realistically be expected
- the skills employers are seeking
- entry routes into jobs, careers and sectors
LMI is collected by a variety of organisations, including government departments and agencies, employer and professional organisations, trade unions, academics, as well as Sector Skills Councils.
There are a number of key sources of LMI both locally and nationally