Labour Market Information (LMI) is information about what is happening in a labour market. LMI tends to focus on the industries that are growing and declining, the types and levels of jobs are increasing and decreasing and what supply of labour is available – numbers, skill and qualification levels.
Definition: A labour market is the place where workers and employees interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job. Description: A labour market in an economy functions with demand and supply of labour.
Office for National Statistics released their latest Labour Market stats today (15th October 2024), top level figures are: The UK employment rate (for people aged…
ONS released their latest data and findings on estimates of employment, unemployment, economic inactivity and other employment-related statistics for the UK. Headline ONS Labour Market…
On the day the GCSE Results and Level 1 and 2 VTQ qualifications were released, ONS released their latest data on the number of young…
Welcome to FE Soundbite Edition 759, August 17th, 2024. What has Nano Learning, Blockchain and Entrepreneur skills got to do with #ResultsDay? From record-breaking T…
As exam results are being released, the Welsh Government is urging young people in Wales to explore the various options and support available to them…
The ONS Labour Market data has been released for June 2024. With more than a fifth of working-age adults (22.3%) in the UK are not…
2.8 million people are economically inactive due to long-term sickness, a record high. Main points Payrolled employees in the UK fell by 18,000 (0.1%) between…
Despite falling activity across the winter, the job market is reacting to more positive signals on growth this spring, according to the latest Recruitment &…
2.7 million people are now not working due to long-term sickness Main points Payrolled employees in the UK rose by 15,000 (0.0%) between December 2023…
According to the February ONS Labour Market data (13th February 2024) over the last year, employment growth has slowed and over the same period, the…
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