Labour Market Information (LMI)
What is Labour Market Information (LMI)?
Labour Market Information (LMI) is a useful tool to help research future jobs in the local area, understand the skills needed for certain roles and the demand for future employment.
LMI helps to break down the complex ‘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.
Local Employment
London’s economy is growing more than four times as fast than in the country’s poorest regions. Jobs in London are expected to continue to increase for the foreseeable future, with a significant increase in jobs requiring degrees or vocational qualifications and apprenticeships at level 4 or above. In the last two decades growth has been concentrated in Business Services, in other services (Health, Education) and in Retail and Accommodation and Food. Employers based in Hackney have almost doubled since 2010.
The three employment sectors with the largest number of businesses are:
- Professional, Scientific and Technical e.g. solicitors, accountancy, architectural activities, advertising, etc.
- Information and Communication e.g. publishing, radio, TV, sound and music production, etc.
- Arts, Entertainment and Recreation e.g. museums, sports facilities and performing arts, etc.
As well as jobs across London, pupils in Hackney schools will have an increasing number of very local career opportunities available to them as regeneration projects take shape. The number and types of jobs based in Hackney and the surrounding areas is predicted to increase dramatically over future decades.
The Queen Elizabeth Olympic Park
Developments in the Queen Elizabeth Olympic Park are already bringing new jobs to the area and it is estimated that up to 40,000 jobs could be available on and around the park by 2025. These include construction jobs during the building phase; high tech jobs based at Here East; public sector and charity jobs at TfL, UNICEF and the Financial Conduct Authority in the new International Quarter.
The new East Bank will house the V&A East, Sadler’s Wells East, University College London East (UCL), London College of Fashion, and BBC music studios; providing jobs and study opportunities related to theatre, dance, fashion, music, museums and universities. Westfield Stratford City and developments in Stratford town centre are increasing local office and retail jobs.
Tech City/Silicon Roundabout
The area around Old Street roundabout continues to be where new tech business are launched Google and Amazon also have offices there alongside Zoopla, ASOS, Moo, Spotify, Songkick.com, Mind Candy and more.
Exploring LMI
Latest LABOUR MARKET INformation (LMI)
The below LMI reports are produced for the Central London local authorities of Camden, Hackney, Islington, Kensington and Chelsea, Lambeth, Southwark, Wandsworth and Westminster.
Click on the below links to view the latest Labour Market Information
Skillsometer
The Skillsometer can help you discover what jobs you might like to do in the future. You will be presented with a series of statements. Select the emoji that shows how you feel about each statement. At the end you will be given suggestions of jobs linked to what you most enjoy doing.
