The Labour Market Information Framework (LMIF) enables application of standardized, secure and efficient procedures in gathering and processing the labour market data with the goal to extract knowledge from the gathered data and to provide reports suited for any purpose. By using the LMIF, it is possible to reuse and to adjust the existing standard LMIF software components in order to implement the desired labour market IT system in a significantly reduced amount of time and having the rich set of standard functionalities and the possibility to implement additional functionalities based on the same framework.LMIF provides a solid foundation for building information systems which provide accurate and timely information to the interested parties in order to enable them to issue their decisions (either business or career decisions) based on facts, not on estimations. Also, such information systems can provide the information support to government’s efforts on improving the employment skills for the population to enable the government to prepare and to respond to the global “shocks” and/or economic crises which may be expected anytime in the future. The resilience of the economy in the face of such challenges is critically conditional on sufficient labour market flexibility and continued efforts to boost the employability of its citizens. The adequate availability of key skills which can be recognized by using Labour Market Information systems will make it easier for individuals and the broader economy to adapt to changing circumstances with minimal disruptions.