L a b o u r M a r k e t I n f o r m a t i o n

Learning OutcomesThe information in this resource willdevelop your knowledge andunderstanding of:

The importance of labour marketinformation when exploring occupation,course or employment options.

The nature of labour market information.

High quality sources of labour marketinformation to assist with careerexploration.

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Labour Market Information andCareer ExplorationChoosing an occupation, a course or employmentoption should be based on your interests, skills,values and personal situation. However, it is alsoimportant to consider an occupation or a course oremployment option that has good future prospects.This is why you need to explore labour marketinformation for the occupation, course oremployment options you are considering.

The labour market refers to:Jobs and workers needed byindustry, business and employersand the characteristics of these.

The availability of people for workand their skills and characteristics.

The cost of labour, including wagesand benefits.

Labour market information describes theconditions of the labour market with datafrom the past and present as well asfuture projections.

Locating and interpreting labour marketinformation can help you understandwhere the jobs are and where they might

be in the future when you finish school or whenyou graduate from your vocational educationand training or higher education study.

There are several high quality resources withreliable Australian labour market information.

The Australian Jobs publication is an annualpublication that contains national andstate/territory information on:

Employment numbers and trends in the 19Australian industry groups, 8 broadoccupational groups and over 350individual occupations.

Past and projected future growth or declinein numbers employed in different industryand occupation groups.

Employment outcomes for different typesof eduction and training.

Information about what employers look forwhen recruiting and job hunting tips.

The Job Outlook website enables you to searchfor the labour market information foroccupations of interest to you. Labour marketinformation for occupations you search for

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includes state/territory and regional information onnumbers employed, tasks involved, education andtraining required, expected future employmentprospects, pay level, links to education and trainingcourses and links to vacancies.

The Job Outlook ‘Explore Australia’ link allows youto search for labour market information about yourstate/territory, region within your state/territoryand your electorate. The labour market informationabout where you live includes the employment,unemployment and participation rate in your regionand the jobs that are growing and declining whereyou live. You can even find out the skills thatemployers specify in their job advertisements forthe largest growing jobs where you live. This isvery helpful information when applying for jobs!Additional sources of local labour marketinformation include:Local media reports about local economicdevelopments and investment. This informationmay have implications for current or emerging jobopportunities at the local level.

Networking with local industry, business, employersand workers to source information about localemployment opportunities.

The Labour Market Information Portal website hasup­to­date comprehensive information at thenational, state/territory and regional level, althoughyou may not find it easy to use.

If you plan to study a course at a university orother higher education institution, you can use theQuality Indicators of Learning and Teaching websiteto compare the graduate employment outcomes forstudy areas of interest to you at up to 6 universitiesor higher education institutions. The My Skillswebsite provides labour market information forvocational eduction and training qualifications,

including the percentage of graduates whoachieved an improved employment status (e.g.,found work, got a new job, gained a promotion,received a pay increase, or started or furtherdeveloped a business).

With all this labour market information at yourfingertips, it can be easy to become confused.Your school career practitioner will be able tohelp you to make sense of labour marketinformation and guide you in reflecting on theimplications for your career­related choices.

L a b o u r M a r k e t I n f o r m a t i o n

Copyright © Grow Careers 2018This Labour Market Information resource was purchased by "Your Scool Name" in 2018 and may be

photocopied for non­commercial school use as per copyright notice.

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1 . https://www. jobs.gov.au/austral ian-jobs-publication

2. https://joboutlook.gov.au/Default.aspx

3. https://lmip.gov.au

4. https://www.qilt.edu.au/

5. https://www.myskil ls.gov.au/

Additional Resourceson This Topic 

L a b o u r M a r k e t I n f o r m a t i o n

Copyright © Grow Careers 2018This Labour Market Information resource was purchased by "Your Scool Name" in 2018 and may be

photocopied for non­commercial school use as per copyright notice.