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In order to make good career decisions, you need to be aware of the current labour market trends. That is, knowing what is going on within your industry of interest.
What is the labour market?
The labour market includes:
- Occupational description
- Work conditions
- Salary/Income
- Job openings
- Skill requirements
- Training requirements
- Future projections of employment prospects
Why is understanding the labour market important?
By gaining a realistic view of the current labour market you are in better position to make decisions about course and career options. Sometimes there are large discrepancies between job or course titles and the reality of the nature of the work and employment prospects. Being aware of employment opportunities, salaries, training requirements, and key tasks and duties associated with particular occupational groups will help you make an informed decision.
Where can I start looking?
The following link connects you to a variety of resources on the latest graduate and industry labour market trends: Labour Market Information. This is a one-stop-shop where you will find a selected list of useful websites collated for your convenience.
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