A student is exploring future career options and is using labour market information (LMI) to guide their choices. They read a short careers article that mentions there are “skills shortages” in some occupations, that some industries are growing faster than others, and that demand can vary between metropolitan and regional areas. The student plans to use this information to decide which occupations to research further.
Define the term labour market information (LMI).
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Create Free Account Log inThis is a free VCE Units 1 & 2 VM Work Related Skills practice question worth 2 marks, testing your understanding of Labour market information and trends. It falls under Future careers in Unit 1: VM Work Related Skills Unit 1: Careers and learning for the future. Submit your answer above to receive instant AI-powered marking and personalised feedback.
This unit recognises the importance of sourcing reliable information relating to future education and employment prospects to engage in effective pathway planning and decision-making. Students will investigate information relating to future employment, including entry-level pathways, emerging industries, and growth industries and trends, and evaluate the impact of pursuing employment in different industries. Students will reflect on this research in the context of their individual skills, capabilities and education and/or employment goals. They will develop and apply strategies to communicate their findings.
In this area of study students will evaluate information relating to employment. They will consider the reliability and credibility of information sources and the scope of labour market information available, including skills shortages and industry growth areas, emerging industries and current and future trends. Students will apply strategies to improve planning and decision-making related to gaining employment. They will develop research skills and collate evidence and artefacts relating to their future employment prospects. On completion of this unit the student should be able to identify and discuss likely employment growth areas using credible data and apply findings to develop strategies to improve future career prospects.
labour market information relating to a range of occupations, including skills shortage areas, geographic location, industry growth areas, emerging industries, green industries, and local, national and global trends
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