Going through a career change at any age can be a challenging and scary transition. Whether you’re a young person finding your way in life or you have recently become unemployed, labour market information can help you make a sound decision when planning your new career.
“Young people need good LMI (labour market information) to help them to choose the education and training that will help them to plan their careers to take advantage of labour market opportunities. Unemployed workers benefit from LMI in helping them to find a job appropriate for their education and skills or in deciding on appropriate upgrading. (Employed) workers still need information on employment opportunities to improve their positions and to develop better career management skills. Prospective immigrants need reliable LMI to determine their opportunities in Canada… In a market economy, everyone will do best if they can base their decisions on the best LMI.”[1]
Labour market information can include the following:
- data on current employment conditions
- forecasts for future employment in various sectors and occupations
- details on types and conditions of work
- salary expectations
- local, provincial and national job market information
You’ve probably have already used this information at some point in your life. News stories on economic outlooks, talking with friends and relatives on which companies are hiring and downsizing in your neighbourhood, online job ads, all of these are labour market information.
There are also many reputable websites to assist you further in your labour market research, such as Working in Canada, Ontario work info net, Indeed , Job Bank and Human Resources and Skills Development Canada. Industry and sector associations, training boards and workforce development boards, as well provide specific labour and industry information which may be helpful to you.
Remember, making an informed career choice is important because your decision will impact your life and your families. By determining what you like and do well and researching labour market information, you can match your interests and skills to a new career that you will find engaging and rewarding. Having solid labour market information will reaffirm that you are on the right path to training and working in a career where there is long term employment and you can earn a good living.
[1] Working Together to Build a Better Labour Market Information System for Canada, (2009) Final Report from the Advisory Panel on Labour Market Information presented to the Forum of Labour Market Ministers
- data on current employment conditions
- forecasts for future employment in various sectors and occupations
- details on types and conditions of work
- salary expectations
- local, provincial and national job market information
You’ve probably have already used this information at some point in your life. News stories on economic outlooks, talking with friends and relatives on which companies are hiring and downsizing in your neighbourhood, online job ads, all of these are labour market information.
There are also many reputable websites to assist you further in your labour market research, such as Working in Canada, Ontario work info net, Indeed , Job Bank and Human Resources and Skills Development Canada. Industry and sector associations, training boards and workforce development boards, as well provide specific labour and industry information which may be helpful to you.
Remember, making an informed career choice is important because your decision will impact your life and your families. By determining what you like and do well and researching labour market information, you can match your interests and skills to a new career that you will find engaging and rewarding. Having solid labour market information will reaffirm that you are on the right path to training and working in a career where there is long term employment and you can earn a good living.
[1] Working Together to Build a Better Labour Market Information System for Canada, (2009) Final Report from the Advisory Panel on Labour Market Information presented to the Forum of Labour Market Ministers
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