LABOUR MARKET OUTLOOK - Government of …

1 LABOUR MARKET OUTLOOK2025 Copyright Department of Advanced Education and SkillsISBN: 978-1-55146-567-8 For additional copies of this document, please contact:Department of Advanced Education and Box 8700St. John s, NL A1B 4J6 CanadaPhone: 1-709-729-2480 MESSAGE FROM THE MINISTERAs Minister of Advanced Education and Skills, I am pleased to present LABOUR MARKET OUTLOOK 2025. As part of its mandate, the Department of Advanced Education and Skills works to ensure Newfoundland and Labrador has a highly skilled workforce to support the provincial economy, meet LABOUR demands and increase LABOUR force participation in the province.

2 The availability of timely LABOUR MARKET information is pivotal to help individuals make informed decisions regarding their education and careers, to help post-secondary institutions tailor their programs to meet employer needs, and to assist industry in preparing for future LABOUR MARKET conditions. LABOUR MARKET OUTLOOK 2025 projects the province s LABOUR demands for the next decade and outlines the prospects for various occupations. This report provides detailed outlooks on the provincial LABOUR MARKET landscape, including economic, employment, LABOUR supply and occupational trends over the next 10 years. It is an important tool for job seekers, employers, educators, researchers and policy makers, as well as others with an interest in the provincial LABOUR MARKET .

3 Workforce development is an integral part of Live Here, Work Here, Belong Here: A Population Growth Strategy for Newfoundland and Labrador, 2015-2025. LABOUR MARKET OUTLOOK 2025 will help inform individuals and other stakeholders about the existing and forthcoming employment opportunities in Newfoundland and Labrador. The Provincial Government will invest in the workforce and the people of Newfoundland and Labrador, support family-friendly communities, support economic and community development, and grow the population through would like to recognize the significant contribution of the Economics and Statistics Branch of the Department of Finance in the development of LABOUR MARKET OUTLOOK 2025.

4 This document builds on previous work undertaken by the Department of Advanced Education and Skills. Increased public access to relevant, timely and accurate LABOUR MARKET information is key to supporting Newfoundlanders and Labradorians as they work, study and raise a family right here in our province. For more information on LABOUR MARKET OUTLOOK 2025, please visit the Department of Advanced Education and Skills website at Honourable Clyde JackmanMinister of Advanced Education and SkillsMHA, Burin-Placentia information presented in this report is intended to help individuals gain a better understanding of the provincial job MARKET .

5 However, the information about future trends and job prospects is based on a specific set of economic and demographic assumptions. This forecast presents one possible scenario and may become dated, especially in the context of changing economic 1 Overview and Background 2 Key Considerations

6 2 Economic Overview 3 International and Canadian Economies 4 Economic and Demographic OUTLOOK 5 LABOUR Supply Considerations 5 Employment OUTLOOK 6 Occupational Job OUTLOOK

7 8 Expansion/Contraction and Replacement Demand Forecast 14 Occupational Job Prospects 23 Appendix A: Methodology 30 Appendix B.

8 NOC-S (For Occupations) and NAICS (For Industries) 32 Endnotes 41 Contact Information 44 FIGURESF igure 1. LABOUR MARKET New Entrants and Attrition 6 Figure 2. Employment History and Forecast 6 Figure 3.

9 Job Openings by Source 7 Figure 4. Job Openings by Skill Level, 2015 to 2025 7 Figure 5. Job Openings by Occupation, 2015 to 2025 8 Figure 6. Basic Concept of Occupational Model 30 TABLEST able 1. G7 Employment Rates 4 Table 2.

10 Demographic Indicators 5 Table 3. Job Openings by Occupational Group (2015 to 2025) 8 Table 4. Occupational Groups and Occupations with the Largest Increases in Employment (2015 to 2025) 9 Table 5. Occupational Groups and Occupations with the Largest Decreases in Employment (2015 to 2025) 9 Table 6. Occupational Groups and Occupations that are the Largest Source of Attrition (2015 to 2025) 9 Table 7. Occupational Groups and Occupations with the Largest Number of Job Openings (2015 to 2025) 10 Table 8.