Linking London | News | 1 November 2018: Linking London introduce a bimonthly sector specific Labour Market Information report

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Bimonthly sector specific Labour Market Information report

Linking London launches bimonthly LMI reports for some of the key sector areas for London to highlight areas of growth and predicted trends for the future.

Perhaps more than ever before the job market is changing, new jobs are being created, new technologies developing, and new ways of working being introduced. With the constant change it can be challenging to know what jobs will be available in the future and what therefore students should be focusing their attentions on within their chosen area to make sure they get that dream job after they finish their education. We can however use labour market information to intelligently predict patterns and trends for the future and in turn use the information to advise students. Here at Linking London we use a labour market tool, EMSI, which enables us to look at data on a national and London level up until 2026.

Linking London will be producing a bimonthly LMI report from some of the key sectors areas for London to highlight areas of growth and predicted trends for the future. To coincide with our creative industry event that took place in October, our first report focuses on the creative industry. The report looks at areas of growth within the sector, predictions for where the jobs will be in the future and looks at what skills and qualifications employees need to get a job within the industry.

The full report can be found on the partners area of Linking London’s website but below summarises some of the key information.

  • Over the next 8 years jobs within the creative industry London are set to rise by 5.5% this is against a national rise of 4%.
  • When we look at the actual jobs that will be available between now and 2026 is it interesting to see that the highest rise of 13% is within ‘product, clothing and related designers’ followed closely by ‘programmes and software development professionals’ with a 10% increase. The lowest increase of 1% is within ‘journalism, newspaper and periodical editors’ which I’m sure comes as no surprise considering the ways in which we now communicate with one another. The only area set to decline is within ‘sales and retail assistants’ which is predicted to see a change of -2%. Again perhaps a sign of the times!
  • In order for students to manage their expectations and build upon their employability skills it’s useful for them to know what employers will be and are looking for in a candidate. We can also glen this information from using the LMI tool.  If we focus on what employers within the sector seem to be asking from potential employees we can see that 8 out the 10 top highest areas for employment require candidates to have a degree. If we look at the specific skills employers are looking for in candidates we can see that the top 5 ‘hard skills’ are management, marketing, communications, sales and communications. The top 5 ‘common skills’ employers are looking for are leadership, leading, learning, creativity and scheduling (Project Management).
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