Whenever we start our job search we typically focus on the basics: getting a resume done and the applying for jobs online or in-person. But it is important to use data for our long term aims. One such piece of information (and relatively easy to come by) is Labour Market Information or LMI for short. It is data compiled by the government and can be assessed and used by anyone. There are even downloadable pdf files available on region non-profit websites.
There are multiple Labour Market reports that are broken down by regions and explain certain labour trends in that area. The data is compiled from companies in the said area. Additionally there are also national LMI reports that may also help you gain a better understanding of overall labour trends for your country.
How can you use this data?
Taking LMI data into account during your job search can affect your short and long term career aims. By looking into the data, a picture arises of industries of growth and decline in your area. If you are in a certain specialization you might rethink of the place you live supports it or if there is opportunity to expand your expertise or niche.
Getting practical Education
If you want to stay where you are and find other ways of earning money the LMI will give you a clear indication of what’s in demand. For example, high skilled trades are always in demand–if you are handy it might be in your best interest to get a dipolma or degree in a trade.
Your existing experience
The reality is that sometimes your experience and skillsets are best realized in another area of country. Don’t be afraid to look into all your options. What started as a basic job search can quickly lead you down a complex path that you didn’t think you would travel! Yet if you are serious about your future, taking LMI into account is very important–it can truly effect your career and earning potential.
Image: Pash Minu