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Ontario Labour Market Information Service Canada Ontario Region Research and Analysis May 2008.

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Presentation on theme: "Ontario Labour Market Information Service Canada Ontario Region Research and Analysis May 2008."— Presentation transcript:

1 Ontario Labour Market Information Service Canada Ontario Region Research and Analysis May 2008

2 2 Declining National Unemployment Rate

3 3 Ontario Manufacturing Employment Continued to Decline in 2007

4 4 But Ontario remains the centre of Canadian Manufacturing

5 5 Declining Transportation Equipment Mfg Employment

6 6 Significant challenges in forestry and pulp and paper

7 7 Drivers  Increased globalization of trade and commerce  Energy prices  US economic performance  Demographic changes  Changing expectations  Emerging nations

8 8 The Service sectors  Services sector strength continues to compensate for manufacturing weakness  Retail and WholesaleTrade has steadily increased in size to be the largest source of employment in the province with over a million workers  Health care and social assistance has had continuing growth with nearly 33,000 more workers than last year

9 9 Aging Population

10 10 Boom Bust and Echo (and the next bust which is just entering elementary school)  Bust went through high school in the 1980s and enrolment rates went up  Echo went through in the 1990s  BUT even smaller cohorts entering the elementary system now  Boom 5 to 10 years away from retirement (depending on retirement practices and pension factors)

11 11 More Demographics  Canadian birth rate in decline = 1.4 (U.S. = 2.0)  Immigration = 70% of Canada’s workforce growth 1991 –2001  Immigration =100% of workforce growth by 2011  Unemployment relatively low by historical standards

12 12 Immigrants are an Important Source of Labour Supply  Between 2001 and 2006, immigrants increased by just over 12 percent, almost three times the growth rate of the Canadian-born population in Ontario  The numbers and share of the population who came from offshore varies widely among subprovincial areas with more than than one-third of the immigrant population of Ontario living in Toronto

13 13 Immigration trends  Immigration to Ontario peaked in 2001 at 148, 425 and had settled back to 125, 914 in 2006  Immigrants born in Asia and Middle East largest immigrant group  Over 40 percent of immigrant population mostly from South and East Asia countries  China and India are major source countries

14 14 Retirements  About 29.8% of all workers employed in Ontario in 2001 are expected to retire over the period 2001 to 2015  Retirement rates vary significant depending on the age structure and typical retirement age of an occupational group  Strongest retirement pressures are expected in the health, primary industry, management occupations and social science education and government service sectors. Many of these occupations require university level education  Least affected sectors include natural and applied science and sales and service occupations

15 15 Occupational Outlook  Selected skill shortages exist but pressures not as acute as in Western Canada  Ontario has relatively more Management, Business and Administrative and Processing Manufacturing jobs  Weakness in manufacturing based occupations: assembly, processing, machine operation  Pressures mainly on occupations where supply is constrained

16 16 Occupational Distribution

17 17 Occupational Trends

18 18 Occupations in demand  Senior managers finance  Financial managers  Banking credit and other financial managers  Financial and investment analysts  Specialists in HR  Biologists  Metallurgical and materials engineers  Mining engineers  Geological engineers  Computer engineers  Physicians  Pharmacists  Registered nurses  Medical laboratory technologists  Medical radiation technologists  Medical sonographers  Licensed practical nurses

19 19 Who Produces LMI?  Service Canada and HRSDC  National, Regional and Local levels  Provincial government partners and the Forum of Labour Market Ministers  Sector councils  NGOs and private sector providers eg. Career Cruising, Workopolis, Ontario Workinfonet

20 20 Federal Provincial Cooperation  The Canada-Ontario Labour Market Development Agreement commits Ontario and the federal government to work together to develop a Labour Market Information Strategy for Ontario.  This will help us to build an effective, efficient and accessible labour market information system, for the benefit of all Ontarians.

21 21 SC Local LMI on the web  Series of products produced locally for communities across Canada  Occupational Profiles  Potential Employers by Occupation  Training Resources  Wages by Occupation  Labour Market Bulletin / Review  News Flash

22 22

23 23 Access LMI  Call click or visit   http://www. http://www.   

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