Employers will depend on new workers, immigrants to fill future job openings.
VANCOUVER — A forecast for BC’s labour market shows tight conditions for key occupations over the next five to 10 years.
The Asia Pacific Gateway Labour Market Information study looked at 56 occupations in the construction, rail, trucking, marine, managers, logistics and air sectors, plus occupations that support these sectors, all of which would support the province’s growth and its ability to meet the labour demands of the Asia Pacific Gateway.
While the forecast focused on five and 10-year horizons (2015-2024), it found tight labour conditions will take hold even sooner across all sectors in the first three years, and remain for most of the next decade.
A primary factor for the tight conditions is the number of new workers not keeping pace with job openings. There will be more than 46,000 new jobs available by 2024 and with retiring baby boomers, almost 160,000 openings will need to be filled over the next 10 years.
People new to the workforce will likely make up about 40% of the new supply of workers, and an additional 25% will be made up of workers new to the country.
The study also identifies regional impacts. For example, Northern BC faces a tighter labour market than the Lower Mainland. And individual reports will be available for each of the 56 occupations, and seven sectors in Northern BC, the Lower Mainland, and BC for employers planning ahead to fill labour requirements.
The Government of Canada’s Sectoral Initiatives Program funded the project.
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