Labour Market Information - Humber

Labour Market Information (LMI)LMI usually refers to data found in tables, spreadsheets, maps, graphs, charts,reports and newspaper articles, or it may exist informally and anecdotally.

It can tell us:• where jobs are currently located

• the current size of industrial sectors and changes which might be expected in coming years

• where there are shortages or oversupply of potential employees and skills

• the hours and wages that can be realistically be expected

• the skills employers are seeking

• entry routes into jobs, careers and sectors

Labour Market Information (LMI)LMI is collected by a variety of organisations, including governmentdepartments and agencies, employer and professional organisations, tradeunions, academics, as well as sector skills councils.

There are a number of key sources of LMI:• LMI Humber• Humber LEP• National Careers Service• NOMISWEB (Office for National Statistics)• UKCES• Local Data Observatory• Bridging the Gap Humber

This information can help you in making decisions about your future learningchoices and in choosing a career.

Key Employers 2012

Key Employers 2014

Key Sectors in the Humber

• Business & Retail• Tourism• Public Sector• Construction• Creative & Digital• Manufacturing• RenewablesFood & Agriculture• Ports & Logistics• Engineering• Health & Social Care

The Journey so far

Out• Unskilled • Manual• Mass-production• Auto-engineering• Mining

IN• Small companies• Service sector• High technology• Qualifications• Innovation• Employability Skills

Sector Trends in the Humber 2014

Renewables Construction

Ports & Logistics Manufacturing

Health & Social Care Business & Retail

Creative – Digital & Tourism Public Sector

Food & Agriculture Chemical

Engineering

Future Skills

• Business & Customer Awareness• IT& software• Communication & Literacy• Technical & Practical• Customer Handling• Team Working• Self Management

Jobs for the Future1.5 million additional jobs created by 2020. However, this figure is set to be dwarfed by thePredicted 12 million job vacancies that could be created by what is referred to as ‘replacementdemand’. This demand is created by people leaving their jobs due to retirement, family reasons,career moves or other reasons. This means that even if an industry is expected to decline, suchas manufacturing, there can still be many opportunities to replace departing staff.

Around 100,000 entry level jobs are predicted to be created by 2020

Around two million extra higher skilled jobs such as managers, professionals and associateprofessionals jobs could be created by 2020

Around 313,000 new jobs are expected to be created in caring, leisure and other serviceoccupations

Private services sector are expected to increase by more than 1.5 million by 2020, with business,financial, computing and other services set to perform particularly well.

Employment in the trade, accommodation and transport industries is expected to increase by400,000 jobs by 2020

Source: UKCES Working Futures Report

Qualifications/SalariesQualifications and Earnings

Average £29,159

No qualifications£17,501NVQ level 1 £18,231NVQ level 2 £24,706NVQ level 3 £25,231NVQ level 4 £36,461NVQ level 5 £52,825

Better qualifications = higher wages = less unemployment

Key Facts• 50 % of jobs will require level 4 skills (higher education) or higher by 2020 according to the

CBI

• The Hospitality & Tourism industry needs to recruit an average of 135,000 people every year between now and 2020 . Source: Williams M, Luanaigh A and Garrett R (2012), Sector Skills Insights: Tourism. UKCES

• The development of new technology means that the Creative & Digital Sector is a growing constantly

• Renewables is a relatively new employment sector, but we are expecting to see significant growth as local authorities and companies work towards the government's targets of reducing carbon emissions and finding alternative sources of energy

• The UK engineering industry needs more skilled and qualified people

Recent Announcements

• High profile Sadofskys & cba merger set to create Hull & East Yorkshire’s leading accountancy practice

• City gears up for year as UK City of Culture 2017

• The eagerly anticipated announcement that Siemens will be investing in Green Port Hull has arrived

• £1m new contracts sparks jobs surge

The message for young people

• Investors need a skilled and flexible workforce

• Do your research – explore a number of career options

• Keep up-to-date with industry – watch the news or log on to industry websites

• Skills development – keep on learning

• Change is ongoing

LMI Humber

www.lmihumber.co.uk