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Types of Labour Market Information
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We have selected six categories of LMI that will be of use to community-based trainers and managers. Along with descriptions of each category, we have provided suggested resources to informative websites and studies.
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Labour Market Statistics
Statistics, the raw jargon of numbers and graphs that contain extensive amounts of data that can be analyzed to produce trends and forecasts. Labour market statistics will give you key facts about the total population of a region along with comparable numbers of the working age population, the labour force as well as employment rates, unemployment rates and participation rates. The primary and most reliable source of statistical information is collected and presented by Statistics Canada.
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Labour Force Survey:
- The Labour Force Survey provides a wide range of information regarding unemployment, employment and labour participation rates. It provides National and Provincial demographics such as; age, sex, level of education and family characteristics.
Ontario: Overview � Labour Force
- Gives detailed information on the provincial labour force, unemployment rates, employment numbers broken down by occupation and industry.
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Demographics
Demographics are another form of statistical information. It provides a broader view of the characteristics of a population, including population growth, immigration, age distributions, educational levels as well as other factors that may influence the supply and demand of labour within a community.
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Statistics Canada: Population
- Data concerning Canada�s population, including growth, mobility and migration, origins and visible minorities, languages, immigrants, and other characteristics. Presents national and provincial information.
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Occcupational Analysis and Projection
An analysis of types and numbers of occupations present within the labour market can be an important resource to determine current and future skill requirements.
The National Occupational Classification system (NOC), is a useful tool that gives a standardized coded system of classifying current occupational groups and descriptions.
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Ontario Job Futures:
- Gives a provincial perspective on occupations providing information on the current and future outlook for 157 occupations common to Ontario.
HRDC, Labour Market Information:
- Gives a regional perspective on occupations. Answers your questions about jobs, skills and worker availability in local areas across Canada.
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Industrial Analysis and Projection
Similar to occupations, industries also have a standard classification system called the North American Industry Classification System � NAICS (previously known as the Standard Industrial Classification � SIC). This provides a standard method of categorizing businesses based on the products and services that is provided across North America.
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HRDC � Sector Partnerships:
- Provides industry profiles, overviews of sectors of the Canadian economy. The profiles focus on human resource issues and look at how changes in the economy, research & development and technology, affect an industry`s labour force and employment patterns.
Canadian Industry Statistics:
- Presents statistical analyses of manufacturing industry trends for establishments, employment, wages, production, costs, investment, international trade and industry performance in Canada from 1990 to present.
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Current and Emerging Labour Market Imbalances
With technological advances and changing consumer demands, the skill set and job requirements change to meet the economy�s needs. The new employment and skills needed due to new technological advances are specified in new and emerging occupations and industries. In addition to emerging sectors and occupations, skill shortages can result from imbalances in the labour market, when the demand for a certain skill exceeds the supply of that skill. These gaps provide valuable resources for planning future programs and training in an attempt to fill these gaps.
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Barriers in the Labour Market
Barriers in the labour market are faced when groups of individuals experience a greater than normal difficulty in finding employment and/or staying employed. Individuals with disabilities, immigrants, individuals that are not recognized for their foreign skills, specific age groups as well as gender, are some of the groups that can experience these considerable challenges.
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