What is LMI?
Labour market information (LMI) is information about the current economic and employment situation, and is relevant when you are looking into career and employment options. LMI includes data on graduate destinations, average-starting salaries, current trends in employment sectors and recruitment patterns.
The Greater Lincolnshire LEP (GLLEP) can provide information about this, and help you to feel inspired and informed about careers in your local area. The GLLEP also manage the World of Work website, which contains lots of information about careers, apprenticeships and priority sectors in Lincolnshire
How do I research careers information?
When you start looking at your career options, you will need to do some research on different employment sectors and types of work. You can use the information you find to help you identify:
- Skills, qualifications and experience required within a sector
- Entry routes into the sector and typical career paths
- Who employs in your area and where jobs are advertised
How do I use Local mark information?
Labour market information includes reports, studies, statistics and other information about:
- Industry/ sector growth and decline
- Occupational information
- Employment rates
- Supply and demand of labour
- Future labour trends
- Wages and pay scales
You can use this information to help you:
- Identify skills that are in demand
- Check out trends in a sector
- Identify sectors where there is growth and the possibility of jobs.
Many employers comment on candidates' lack of knowledge about the sector or industry to which they are applying. As well as researching the job and the individual company, make sure you know what issues the sector is facing, who are the main organisations in the sector and what the future might hold for it.
Be inspired by other career professionals locally
The Greater Lincolnshire LEP World of Work has a range of biographies of local people, what and where they work, and what educational pathway got them to where they are today.
Where can I find Local Market Information?
It is important to find the most relevant and reliable information when researching careers information and LMI.
The Greater Lincolnshire LEP (GLLEP) are locally owned partnerships between local authorities and businesses. They play a central role in determining local economic priorities and undertaking activities to drive economic growth and the creation of local jobs. The Greater Lincolnshire LEP (GLLEP) has a World of Work website that can help you to feel inspired and informed about careers in your local area. You can also see lots of videos in our resource library.