EXPLORING CAREER OPPORTUNITIES: PROFESSIONS, JOB MARKET, EMPLOYMENT POSSIBILITIES

1.4. Labor market information

Sometimes all career-related information is referred to as labor market information. The labor market is the space where people compete for jobs and employers compete for employees, encompassing the relationship between labor supply and demand.

When planning a career and making decisions about a profession or studies, it is important to understand the key labor market trends: labor demand, professions with the most vacancies, the fastest-growing occupations, and employment changes by sector.

When exploring career opportunities and analyzing labor market information, it is helpful to know the following key labor market trends and forecasts:

• Labor demand,
• Professions with the highest number of vacancies,
• Professions creating the most new jobs,
• Employment and vacancy growth by economic sectors,
• Employment forecasts by profession.

In analyzing this information, we should decide whether to focus on professions with the most available positions or on rapidly growing fields, even if they currently offer fewer job openings. It is important to align this information with our goals, interests, and values so that we can make the best career decisions.

Comprehensive labor market information can be found on the Employment Service website: https://uzt.lt/