Who is this guide for?
There are many different people who could benefit from using labour market information (LMI). They include:
- Plan education and career path by exploring current and future opportunities;
- Research training programs and on the job skills upgrades;
- Inform the job search with respect to where jobs are advertised, what industries are the most promising; and,
- Gain insight into wages and benefits.
Students and Parents
- Knowing what training and education programs are offered;
- Understanding the cost of education compared to the expected wage on completion;
- Forecasting the outlook is for different occupations and industries; and,
- Knowing where jobs are advertised.
- Outline where are the jobs located;
- Describe what training and education programs are available;
- Highlight industries/sectors that growing or expected to grow; and,
- Information about experience class / express entry.
Business / Economic Development
- Critical information about businesses operating in the area;
- A summary of the labour force that supports these businesses; and,
- Indications of businesses that could be attracted to the region in support of the current and future needs of a local economy.
Entrepreneurs, Business Owners & Managers
- Evaluate the market in order to ensure current labour compensation is at a level that will encourage the retention of staff;
- Get a solid understanding of what skills are available and where the skilled workers are;
- Competitive analysis/advantage;
- Where to invest/locate, business expansion planning; and,
- Demographic trends.
Educators and Trainers
- Occupational projections and current hiring patterns provide insights into the current and future demands of the area;
- Educators and trainers can use insights to guide programming decisions and skills development; and,
- LMI can provide an indication of how content can be framed while delivering it to students.
Guidance & Employment Counsellors
- Search occupations to explore their potential;
- Learn more about occupations of interest;
- Chart education and training pathways needed to achieve goals;
- Navigate NOC codes based on an individuals skills, talents, and interests; and,
- Educate clients to use LMI.
- Where to invest in programming;
- Demographic trends that inform infrastructure planning; and,
- Research efforts to build evidence to support decision making.
People Currently Employed
- Understanding the state of regional labour markets to inform career path decisions