ca 100 jobs in Canada by 2033

Pressure labor market: Overall image

The Canadian job market is preparing for a marathon, not a speed race. According to ESDC’s forecast, by 2033 around 8.1 million job opportunities Will be created across the country.

This number is divided into two main factors:

✅ # 2.6 million new jobs Because of economic growth (development demand).
✅ # 5.5 million alternative jobsThat 4.3 million its cases caused by retirement of labor force It is because the “Baby Boomers” generation gets out of the labor force.

Replacement demand will be dominant and 68.1 % It includes all job opportunities. This is a clear signal: Canada‘s elderly population will create a big gap in the labor force.

On the other hand, Three -quarters of these job opportunities require college education or management skillsWhich illustrates the importance of skilled labor.

In the supply sector, it is expected 8.2 million job seekers Enter the market, including:

📌 5.9 million new graduates
📌 2.6 million immigrants (Which will be strengthened by Canadian immigration policies).
📌 A net reduction of 180,000 people Because people exit from the job market.

At first glance, the supply and demand of the workforce looks almost balanced, but but The details are important!

More than 100 jobs will face a shortage of laborThis means that the number of job opportunities will be higher than the number of qualified people.

The deficiencies may cause Disruption of industries, decreased economic growth and increased competition to attract talents Become.

As well, 17 jobs face the surplus of the labor force That most of them in the sections Art and culture They are – one of the fact that not all industries are not equally impressed.