The Essex, Southend-on-Sea & Thurrock LSIP Progress Report update to Annex C will be published on 31 January, and will be available to view here.

Why is this data so important?

The Local Skills Improvement Plan (LSIP) committed to providing updated Labour Market Information (LMI) for several key reasons:

Relevance and Responsiveness
By regularly updating LMI, LSIP ensures that the information reflects the current state of the job market. This helps in making informed decisions that are responsive to the latest economic conditions and employer needs.

Policy Alignment
Updated LMI allows LSIP to align its strategies and initiatives with evolving government policies. This ensures that local skills development programs are in sync with national priorities and regulations.

Supporting Employers
Providing current LMI helps employers understand the availability of skills in the local workforce. This supports their hiring, training, and business expansion decisions, making them more competitive and resilient.

Guiding Education and Training
Educational institutions and training providers rely on accurate LMI to design and update their programs. This ensures that the skills being taught are those in demand, improving the employability of graduates.

Economic Planning 
Policymakers and economic planners use LMI to forecast future trends and address potential challenges. Updated information helps in creating effective strategies for economic growth and workforce development.

By committing to providing updated LMI, we aim to help create a dynamic and responsive skills ecosystem that benefits employers, workers, and the broader community.