What is Labour Market Information?
There are two components to the labour
market; Supply and Demand, also referred to as Job Seekers and Employers. Labour
market information is defined as information concerning the size and composition
of the labour market, how the two components function, and the issues and
opportunities available to both.
Labour market information or LMI is valuable
information for the job seeker’s decision making process. It provides
information about the job in which you are interested or currently working. It
includes information on educational requirements, wage rate, duties, and the
pool of workers available, employment trends and outlook.
LMI also includes
industrial information. This includes types of industries, or industry sectors,
the employers in each of these sectors, number and types of jobs available, as
well as the skills required. In summary it can provide a snapshot of the
economic environment.
LMI is not limited to occupational and industrial
information. LMI can be used to forecast a community’s well being. Data such as
age, gender, education and skill level of the community, employment rates,
labour pool and the demand for skilled workers are all helpful in planning and
maintaining a healthy community.
In summary labour market information helps us
to identify changes and trends that affect our lives in the world we work in. It
assists in looking for a career or potential job change. It assists employers to
remain competitive and it also assists communities to plan for adequate
infrastructure.
Click here for links to various sources of Labour Market
Information.
Latest Labour Market Bulletin – Winter 2010 edition
Click Here to view report.
Labour Market Bulletin
Click Here to view report.
Labour Market Bulletin #2
Click Here to view report.
Labour Market Bulletin #3
Click Here to view report.
Labour Market Bulletin #4
Click Here to view report.