The document discusses trends in the Canadian labour market and skills needed for future success. It finds that employment growth is highest among those aged 55+ and part-time work is growing faster than full-time. Key sectors for hiring growth include health, transportation, construction, and utilities. Manufacturing may need over 63,000 new workers by 2025, but will face challenges finding workers with skills like computer networking, mechanics, and welding. To thrive in the changing economy, individuals need awareness of their transferable skills and a commitment to lifelong learning.

1. The Future of the Labour Market
...and the skills required to succeed
Diana McLennan May 17, 2017

2. Labour Market Trends and Opportunities
Demographics:
• Employment growth according to Age
• Population
• Part-time vs. Full-time
• Multiple Jobs
• Job Permanency

3. Labour Market Trends and Opportunities
Occupational Employment Gains:
• The Future of Manufacturing in the GTA
• Realities
• Information Age
• Expanding Markets
• Skills Required to Succeed

4. Employment Growth Fastest Among People 55+

5. Age Demographics
• Demographics affect work opportunities; aging
population not retiring
• 55+ rose +4.1% comprising 21% of the total labour
force in 2016
• These affect demand for products and services

6. Core-aged Employment Virtually Unchanged
• In 2016, employment among the group aged 25 to
54 was virtually unchanged +0.2%
• Declining population growth

7. Youth Employment & Population On Downward Trend
• Employment among youth aged 15 to 24 declined to
-1.7% in 2016
• Coincides with an annual decline in the size of the
youth population since 2013 as employment
declined at a greater rate than their population
• Comprised 14.4% of the labour force in 2016, lowest
rate since 1976

8. Part-time Exceeds Full-time
• Part-time employment accounted for most of the
annual increase in 2016, up +2.4% employment
• The last time part-time employment gains exceeded
full-time was in 2009
• Full-time increased +0.4% almost virtually
unchanged

9. More Youth Working Multiple Jobs
• The proportion of employed people who worked
multiple jobs in 2016 was 5.5%
• Highest on record since 1987
• Youth 15 to 24 were most likely to work multiple jobs
7.2% up +0.6 % from 2015
• Core Age and 55+ virtually unchanged compared to
previous year

10. Job Permanency Unchanged Since 2010
• 86.7% of employees had permanent positions; a
position with no pre-determined termination date
• Youth were least likely 69.3%

11. Non Permanent Jobs
• Since 2010 non permanent employment positions
have increased
• Includes term or contract, seasonal, casual and other
temporary jobs
• Cost savings for employers
• Non permanent = No benefits

12. Ontario Occupational Employment Gains

13. Fields Predicting Increased Hiring
Health - Ageing population
Transportation
Construction
Equipment Operators
Public Utilities
Wholesale
Retail
Service Trades
Finance in connection with Insurance and Real Estate
Manufacturing – Durable Goods

14. Fields Expecting Slowest Hiring:
Mining
Manufacturing – Non-Durable Goods
Education

15. The Future of Manufacturing in the GTA
Research predicts a positive growth outlook raise the
potential for a hiring requirement of over 63,000
workers by 2025, over 34% of the current workforce.
Demographic challenge:
The manufacturing workforce is older than the overall
labour force of the region; attaining their level of
experience and supervisory skills will be difficult.

16. The Future of Manufacturing in the GTA
Demographic challenge:
Competition from other industries such as
construction, utilities, and professional services
for high demand skilled occupations.

17. The Future of Manufacturing in the GTA
The GTA will be particularly challenged to find:
Computer Network Technicians
Industrial electricians
Industrial mechanics
Machinists
Machining and Tooling Inspectors
Mechanical Trades Supervisors
Millwrights
Tool and Die Makers
Welders

18. Realities
Employment growth is expected to fall and
shrink after 2020 as productivity improvements
(technology) outpace output growth

19. Realities
• 75% of all new jobs will require some form of post
secondary education
• Many Blue Collar jobs now require high levels of
literacy and multi-tasking skills
• Corporations, Small Businesses and
Entrepreneurships, require up to date Social Media
Skills to promote and market for businesses to be
cost effective

20. Information Age
• Driving Job Creation
• Shifted from goods to knowledge-based
economy
• Impacted Skilled Trade Shortages

21. Information Age Opportunities
• Information Management
• Telecommunications: Installation-Repair, Managers, Call
Centres
• Researchers, Software Developers, Specialists,
Programmers, Database Administrators
• Entrepreneurships
• Virtual Offices

22. Expanding Markets
• Environment – “Go Green”
• Biotechnology
• Multimedia
• Aerospace

23. Skills Required to Succeed
• Implement these 3 points to not just survive but
thrive
• Awareness of your transferable skills and limitations
• Review and expand your hard and soft skills
• Be a Life Long Learner

24. References
http://www.tcu.gov.on.ca/eng/labourmarket/currenttrends/docs/monthly/20
1703.html
http://www.statcan.gc.ca/daily-quotidien/170505/dq170505a-eng.htm
http://www.statcan.gc.ca/daily-quotidien/170505/dq170505a-eng.htm
http://cstec.ca/sites/cstec/files/reports