Be Curious: LMI Step 2: Labour Market Research

Labour market research is like gathering information about job opportunities and career paths. It’s similar to researching colleges or universities before choosing the right one for your studies. Here is an explanation of labour market research for high school students:

• Explore Career Options: As you think about what subjects interest you in high school, labour market research involves exploring different career options. You look into various jobs to find out what they involve, what skills are needed, and whether they align with your interests and goals.
• Understand Job Demand: You might hear about popular classes or clubs in high school. In labour market research, you learn about job demand – which careers are in high demand and have fewer job opportunities. This helps you make informed decisions about your future.
• Salary and Benefits: Similar to understanding the cost of college and the financial aid available, in labour market research, you look into the salaries and benefits associated with different careers. This helps you assess whether a job can provide the lifestyle you desire.
• Education and Training: As you research college programs, you investigate the education and training required for specific careers. Some jobs require a college degree, while others need specialized certifications or apprenticeships.
• Location Matters: Just like considering the location of a college, labour market research includes looking at where job opportunities are available. Some careers may be more accessible in specific regions or cities.
• Long-Term Prospects: Labor market research helps you see the long-term prospects of a career. This is similar to thinking about your future goals in high school. You want to know if a career offers room for advancement and growth.
• Networking and Connections: You build connections with teachers and peers in high school. In labour market research, you can learn about networking and how building professional relationships can help you find job opportunities.
• Job Security: Just as you think about the stability of your school or education in labour market research, you assess the job security of different careers. Some fields may be more stable than others, depending on economic trends.
• Passion and Interest: Like choosing extracurricular activities based on your interests, labour market research encourages you to pursue a career that aligns with your passions. Finding a job you love can lead to a more fulfilling career.

In essence, labour market research is about gathering information and making smart choices about your future career path. It’s similar to the process of choosing the right high school or college, but it’s focused on finding the job that suits you best and offers the opportunities and lifestyle you desire.