Labour market information
Labour Market Information (LMI) is information about the current economic and employment situation. It includes data on graduate destinations, average starting salaries, current trends in employment sectors and recruitment patterns.
LMI can help you find out:
- Which occupations are in demand? What are the hard-to-fill vacancies? Which skills are most needed?
- Are there growth sectors? Which sectors are thriving? What areas are cutting back and closing businesses? Which sectors are likely to provide new jobs in the future?
- What are the job prospects in a particular area? What about cost of living and average salaries? Some sectors are concentrated in a specific geographical location; you may want to find out about job opportunities and salaries in your home area, or in the region where you have studied.
The answers to these questions may inform the choices you make about your future.
When you start considering your career options, you'll need to do some research on different employment sectors and types of work. You can use the information you find, to help you identify:
- Typical skills, qualifications and experience required within a sector
- The types of tasks involved in an occupation
- Entry routes into the sector and typical career paths
- Who employs in this area, where jobs are advertised and similar job roles
- Related information such as professional associations and where you can find further reading
Good starting points are:
- overviews of different sectors on Prospects website
- our job sector pages
- career experiences of York graduates on York Profiles and Mentors
Using social media
Social media is a useful tool for researching the job market. It can provide a more personal view of what's happening in employment sectors. Use social media to:
- Follow industry specific groups
- Follow companies operating in the sectors that you're interested in
- Engage in conversations and like topics you have read and find interesting
Find out more on our Networking page and in this article on Social Media and Job Hunting.
Labour market information (sometimes also called labour market intelligence) 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. Don't just look at the current situation but use LMI trends to spot where the jobs may be in the future
- demonstrate to potential employers, your understanding of the environment in which they operate. Many employers comment on candidates' lack of knowledge about their sector or industry. As well as researching the job and the individual company, make sure you know about the main organisations and current issues in the sector is facing, as well as an idea of future trends.
- prepare for interview questions, particularly about the industry and what issues it may be facing and that tricky question about "where do you see yourself in 5 years time?"
It is important to find the most relevant and reliable information when researching careers information and LMI. The following information sources should be the first places you look.
LMI information
- What do graduates do? 2024/25 (PDF , 22,714kb) graduate labour market overview and insights from Prospects Luminate
- Office for National Statistics (ONS) - UK labour market
- Office for National Statistics labour market trends - look for the most recent relevant information, eg Supply of skills for jobs in science and technology (May 2024) and Jobs and skills dashboard
- Graduate market report 2024 (PDF , 1,470kb) (graduate vacancies and starting salaries)
- Luminate Labour market information from Prospects
- Research organisations such as Institute of Employment Studies
- Labour market outlook quarterly report from the CIPD on UK LMI issues
- Sector Skills Councils listed with the Federation for Industry Sector Skills and Standards
- The Business Desk business news for the UK and regions, including Yorkshire
- Complete University Guide: What do graduates do and earn?
- Chambers of Commerce for economic insights and reports
- LMI for all online data portal funded by the Department for Education (Please note this site will not be updated after the end of 2024; access will be available until October 2025.)
- Employer websites
- Newspapers, trade journals and their associated websites
- OECD (Organisation for Economic Development) is a good starting point for international LMI: Employment database and Skills for jobs indicating skills in demand in different European countries
- World Economic Forum Future of Jobs report (2023, issued every two years) explores how jobs and skills are likely to evolve over the next five years.
Additional resources from Careers and Placements
- Our job sector pages – links to key information sources including professional bodies
- York profiles and mentors - York alumni give an insight into the work they're now doing
- International work - resources to help you research work outside the UK
- GoinGlobal includes a country guide for the UK, with information about employment and industry trends (UoY log-in required for access)
Evaluating information
As with any information, don’t automatically accept everything you read. Some information, particularly web-based, can easily be produced and could just be expressing someone’s personal opinion, rather than being based on accurate information and facts.
You should try to confirm its:
- accuracy, reliability and authenticity
- currency and relevance.