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2. Labour Market Information

Students need to understand what they are preparing themselves for and what next steps they might take. Comprehensive careers and labour market information allows all students the plan for their futures.


Graduate Labour Market Statistics

The government publishes information on labour market conditions for different groups of people. It shows:

  • In 2019, the median salary of working-age graduates was £34,000. This represents no change from 2018. Non-graduate salaries rose to £25,000, narrowing the gap between the two groups to £9,000.
  • The employment rate for working-age graduates in 2019 was 87.5%, slightly lower than the rate in 2018 (87.7%).
  • 65.6% of working-age graduates were in high-skilled employment in 2019, compared with 78.9% of postgraduates and 23.9% of non-graduates. Although this represents a slight increase of 0.2 percentage points since 2018 for graduates, the rise was larger for both postgraduates (2.4 percentage points) and non-graduates (1.0 percentage point).

 

Annual employment rates – working-age population (2007 – 2019)

Annual median salaries – working-age population (2007 – 2019)

High skilled employment rates – working-age population (2007 – 2019)

Employment, unemployment and inactivity rates of the young population 2019

Occupation Information

The website below allows you to look at a range of information on different jobs and compare them as you look at choices.

It allows you to see what you might be paid, how many hours you have to work and also what might happen to the workforce in this area of work. That means that you can start looking not just for today and tomorrow but for later in life too.

http://www.lmiforall.org.uk/explore_lmi/

The Future Of Work

The website below allows you to look at how the jobs market might change by 2024.

It gives predictions based on current trends and developments, for example predicting that there will be a fall in the number of bank clerks (possibly because of the move to online banking) yet a rise in the number of senior care workers (possibly because of the ageing population). This is useful when looking at your career for life.

https://datahub.rcultd.co.uk/blocks/labour-market-information