Labour Market Information
What does the Job Market mean?
The job market or labour market means the kinds of jobs that are around, how many of them are available and how many people are able to work. This will vary over time, according to geographical area, and may differ for each job sector.
The market changes as:
- the economy changes - it can mean more jobs if the economy is good, fewer jobs if it’s weak.
- technology changes - jobs may become automated, people work from home, new jobs develop, on-line services.
- the population changes - periods of low birth rate will eventually lead to periods when there are fewer people of working age available.
- the world economy and trading arrangements change - this can result in competition from other countries; but can also be a result of political activities.
- attitudes and working regulations change. For example, more leisure time for sports activities, shopping, personal services can lead to demand for employees in these areas.
What does this mean for you?
To have the best chance of becoming employed it is necessary to be aware of the job market and changes that may occur in your working life.
It means that you will need to:
- be flexible
- gain qualifications and be willing to learn throughout your working life
- develop skills that you can use in a range of jobs
- weigh up the opportunities available and be realistic about employment goals
- possibly have more than one job or career during your working life and maybe have more than one job at any one time
Know your Market...
- Dorset Local Enterprise Partnership publish monthly dashboards including labour market statistics and commentary, monitoring the impact of COVID-19.
- Compare the average wages and working hours of jobs in England using the Careerometer tool.