Using Labour

Market Information
Session Aims
• Identify what LMI is and how you can use it.
• Outline the latest LMI information
• What current information from employers tells us
• Highlight existing Graduate Futures support and how you can access
this.
What is Labour Market 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 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. 
Types of LMI
• Hard LMI
• Typically refers to data gathered directly from the labour market and / or
employer surveys on a geographic and / or sector basis to provide a statistical
picture of current and likely future employment and skills trends.
• Soft LMI
• Refers to information collected from a range of other, less official sources, like
meetings or conversations with employers, or the experiences of particular
jobs provided by people working in those jobs.
How is LMI useful
• 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.
• You can use LMI 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 identify where the jobs may be in the future.
• Demonstrate potential employers your understanding of the environment in which employers
operate. Allowing you to know what issues the sector is facing, who are the main organisations in
the sector and what the future might hold for it.
• Aid with interview questions, particularly regarding understanding the industry and what issues it
may be facing and with that tricky question about “where do you see yourself in 5 years time”.
Where you can find LMI
• There are lots of different sources of LMI available.
• Raw data and general updates are provided by the ONS
• Prospects.ac.uk has career planning tools and LMI updates
• Prospects Luminate is a dedicated platform for LMI
• LMI for All
• The National Careers Service

• Careers Online!
• https://northumbria.careercentre.me/lmi
The Labour Market in 2020
• 2020 was a year dominated by the COVID-19 pandemic.
• The effect on the world economy in general, and on the labour market
in particular, was transformative.
• Overall, 26% of the UK workforce was furloughed at some point.
• However, the very large majority (92%) of people who were furloughed
returned to work.
• The proportion of graduates from the 2018/19 cohort who were
employed after 15 months was slightly lower than for the previous
year, but the difference was small.
The Labour Market in 2020

Information from Charlie Ball; Prospects Luminate.

https://luminate.prospects.ac.uk/the-graduate-labour-market-in-2020
 Graduates in the Labour Market

• Employers have increased their

hiring of graduate as well as
placement and internship
students
• Online recruitment seem to be
here to stay with employers
unlikely to return to their pre-
pandemic approaches.
National LMI Update
• Labour Force Survey estimates for July to September 2021 show
the employment rate increased 0.4 percentage points on the
quarter, to 75.4%.
• The number of job vacancies in August to October 2021 continued
to rise to a new record of 1,172,000, an increase of 388,000 from
the pre-coronavirus pandemic January to March 2020 level
• In July to September 2021, annual growth in average total pay
(including bonuses) was 5.8% and regular pay (excluding bonuses)
was 4.9%. 
• There was a 0.3% decline in manufacturing output in Q3 2021. This
was contributed to by various supply chain issues
Local LMI Update
• Between September and October 2021, the North East showed
steady growth in the number of payrolled employees.
• The North East had the second highest unemployment rate
among the English regions (5.2%), although this rate is lower than
before the pandemic
• Over 40% of workers in the North east are in managerial,
professional and technical occupations
• The average (median) gross weekly wage for a full-time employee
in the North East LEP area was below the English level in 2020
(£516.50 compared to £589.90) and was the lowest among the
eight English core city LEP areas. 
Manpower Infographics Q4 2021
WHO ARE WE?

• Mark Jankowski – Employability Adviser mark.jankowski@northumbria.ac.uk

• Dan Lewis – Employability Adviser daniel.lewis@northumbria.ac.uk

What Are Your Plans?

• Graduate Scheme?
• Further Study?
• Working Overseas?
• Gap Year?
• Self-Employment?
• Don’t Know?
CV360
Session Feedback
Summary
• LMI is a useful tool for researching vacancies and for every stage of
the recruitment process
• Use a range of sources of LMI to conduct your research
• The current graduate labour market looks very positive
• Utilise Graduate Futures support effectively to maximise your chances
of employment.