Labour Market Information (LMI)

Labour Market Information is information relating to occupations and industries, such as job numbers and salaries in the local area. It can also include a range of more specific details, such as educational levels for occupations, workforce demographics, and numbers of establishments in particular sectors.  Understanding the LMI about our local area and the UK as a whole will help you to make informed and realistic decisions based on:

  • Job availability
  • Unemployment Rates
  • Skills Gaps
  • Growth Sectors
  • Hours of work
  • Wage Rates

 

Covid19 – Impact on the North East Economy

There is little doubt the pandemic has hit our region hard. But now is the time to do what the North East does best. We will go again, with ambition and determination, to build an economy that is stronger, greener and more inclusive than ever before. By understanding the impacts of covid19 on our economy and on the Labour Market you can start to make informed decisions about where the growth sectors are and what jobs or careers will be needed in the future.

North East LMI – July 2022

  • The average number of people in employment in the North East is 70.6% (the average in the UK is 74.9%)
  • The average number of people unemployed in the North East is 5.9% (the UK average is 4.9%
  • The average salary in the North East is £27,000 per annum (the UK average is £31,500 per annum)
  • In July 2022, there were 23,273 vacancies in the North East

 

The North East Local Enterprise Partnership (NELEP) have identified the following 4 Sectors as being of strategic importance for our region:

  • Digital
  • Advanced Manufacturing
  • Health and Life Sciences
  • Energy

 

Projections are that a further 250,000 people will be needed in the 4 enabling services to support the growth of the North East Economy:

  • Construction
  • Education
  • Financial, Professional and Business Services
  • Transport and Logistics

 

It is likely that, by 2027, 400,000 extra workers will be required in the following Sectors:

  • Health, Education and Public Administration (142,000)
  • Business, Arts, Recreation and Personal Services (118,000)
  • Retail, Hospitality and Transport (101,000)
  • Manufacturing (21,000)
  • Construction (18,000)
  • Other – including Agriculture and Utilities (6,000)

 

 

Labour Market Information by job role

You can use the following tool to compare job roles, their expected incomes and projected growth along with common responsibilities and tasks

For more links to useful LMI sites check out our Careers Resources Page