Province Releases Industry Outlook Profile
The report, ( accessible here) has detailed employment growth and job openings forecast information. It is predicted thee will be nearly a million job openings in B.C. y 2025, with most of those openings a result of retirement while one third will be from expansion in the various sectors.
According to the report forestry will see a decline despite the housing market recovery in the U.S. The decline in forestry will be the result of the fall out from the mountain pine beetle epidemic and the loss of merchantable timber. Yet, even though there will be a decline in expansion ( down 1.4% between now and 2025) there will be nearly 23hundred job openings created by the retirement of current employees.
As for mining, the report predicts that with commodity prices improving, mining will see an overall expansion of 2.4%, with just under 6,400 job openings over the next ten years.
With LNG not yet off the ground, the report looked at oil and gas extraction activity. It has a positive road ahead with 2.7% expansion, and 2,495 job openings over the next decade.
The education sector will see some growth according to the report, with increased enrollment and retirements of teachers in the K-12 stream. The report predicts overall growth of 1.4% with 35, 487 job openings between now and 2025.
Labour market demand and supply are influenced by a combination of trends that change from year to year. Labour market projections in the profiles are based on available economic and labour market data from Statistics Canada and other sources. They are meant to reflect general expected trends over the medium to long term.
The 2025 British Columbia Labour Market Outlook and industry profiles can be a resource for educators, counsellors, students and their families in making decisions regarding education and skills training. They also help those who are unemployed or underemployed find jobs that are in demand right now.
Comments
Add them all up and it’s not even 70,000 new jobs over the next decade… Far short of the million jobs by 2020 plan we heard so much about.
In fact the teaching jobs (a government funded service) will produce more jobs then all the resource sectors combined? That says a lot about future taxation demographics…..
Like it or not, the day of basing everything off the number of jobs there’s going to be is drawing to a close. It’s quite likely that around 50% of the jobs now in existence will be displaced by technological advancement over the next half-century. Already, so far as actually ‘efficiently’ fulfilling some real human needs or desires versus just being a ‘make work’ proposition there is a rising ratio of employees in that latter position. If our politicians were truly acting in our best interests they’d begin to focus on INCOMES, which are ever more deficient overall relative to the costs of everything we need and desire that we have to pay for in prices. There is no way right now that all ‘consumer’ goods produced in any given period of time can be purchased from all ‘earned’ incomes distributed in that SAME period of time unless we are constantly engaging in the production of more ‘capital’ goods. This is self defeating. Since each new ‘capital’ good carries costs forward into future prices, while at the same time further displaces the ‘incomes’ from which those costs could be met. The end result of that will be first ‘trade war’, and when that can’t be won, ‘military war’. In which we’ll all be the losers.
The majority of those “job openings” will be from retirement, that is NOT job growth or economic expansion folks. And as Eagleone pointed out, with combination of mostly retirement, and a meager 1.4% growth rate over the next decade, overall the Lib/Cons “Jobs and Economy” mantra will not be doing so well.
It is refreshing to finally get a dose of reality from this Big Dreams government, even the it now admits the LNG Pipe Dream is dead, 100,000 news jobs and billions in prosperity funds indeed. Not to worry, they will find another pie-in-the-sky dream for their zombie hoard to follow, into the next election.
Wow, missed an important part in the first paragraph; “And as Eagleone pointed out, with the combination of mostly retirement, and a meager 1.4% growth rate, Public Education seems to be where its at over the next decade.”
There are some real common sense comments on here today, and it’s not that we are being negative or pessimistic, we just feel its time the rest of you joined us in the real world, and that world is not so rosy folks! What a bummer hey?
It is all relative, we are still better off than all the other provinces in the Dominion. Bring back the dippers and your tune will change along with our placement to number 10 – which in 25 years everyone will say was a good thing
You still can’t make a good news story a doom and gloom one even with changing your persona
Its election time next year so all is good and moving ahead.
Cheers
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