people, skills, jobs: what’s around the corner for new ... ?· people, skills, jobs: what’s...

Download People, Skills, Jobs: What’s Around the Corner for New ... ?· People, Skills, Jobs: What’s Around…

Post on 20-Jun-2018

213 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  • People, Skills, Jobs: Whats Around theCorner for New Brunswick?

    Michael Haan, Jacob Travis, and Catherine Holtmann

    New Brunswick Institute for Research, Data, and TrainingUniversity of New Brunswick

  • Main Points1. Assumptions

    2. Challenges facing New Brunswick

    3. The two sources of labour demand:o Replacement demando Expansion demand

    4. Replacement Demand: many New Brunswickers will soon exit our labour force. o It will be difficult to replace them.

    1. We dont have enough young and middle-aged people. 2. We will need to aggressively recruit externally.

  • Assumption #1

    Every labour market exit requires an entrant

  • Assumption #2We will see more of this:

    And less of this among 65-plus year olds:

    And less of this:

  • Assumption #3 Out-migration wont accelerate.

  • Assumption #4 Immigration levels wont change.

  • Challenges FacingNew Brunswick

    Three big challenges:

    1. Aging populationo 2011 was the year the first baby boomers turned 65.

    2. Youth out-migration

    3. Imperfect labour market informationo We know little about vacancies, especially in the future.

    2013 Speech from the Throne.

  • Our Current Labour Market Current population is 620,000 people age 15 and over.

    Roughly 395,000 in labour force (employed and unemployed).

    356,000 are employed; 38,500 are not.

    Current unemployment rate is around 9.8%

  • Future Replacement Demand in New Brunswick

    Demand is stimulated by: Expansion demand New jobs through new business.

    Replacement demand Retirements A surplus of out-migration over in-migration.

  • Aging Populations.

  • Retirements, 2011 to 2021

    Source: File created by M.Haan & J.Travis, 1996, 2001, 2006 Census of Population, Statistics Canada, 2014. Note: Counts include those individuals who are projected to participate in the labour force.

  • Migratory Trends of NB Population, 2011-2021

    Source: File created by M.Haan & J.Travis, 1996, 2001, 2006 Census of Population, Statistics Canada, 2014. Note: Counts include those individuals who are projected to participate in the labour force.

    0

    2000

    4000

    6000

    8000

    10000

    12000

    14000

    16000

    18000

    In-MigrantsOut-Migrants

  • Sources ofLabour Supply inNew Brunswick

  • Labour Supply.

    Figure 1 High School and University/College School Leavers in New Brunswick, 2011- 2021

    Source: File created by M.Haan & J.Travis, 1996, 2001, 2006 Census of Population, Statistics Canada, 2014 and

    1999 to 2012 Postsecondary enrolments and graduates, Statistics Canada 2014. Note: Counts include those individuals who are projected to participate in the labour market.

  • Immigration Trends In 2012-2013, we admitted roughly 4,000 immigrants. This is more than the entire 1980s.

    Roughly 2/3 are staying and doing well. Most are working. Unemployment rates are well below those for New

    Brunswick overall.

    Source: http://www.statcan.gc.ca/pub/91-002-x/2013004/t324-eng.htm

    http://www.statcan.gc.ca/pub/91-002-x/2013004/t324-eng.htm

  • The Shortfall Between 2011-2021, we project:

    Supply School leavers 52,560 International workers 11,770

    64,330Demand

    Retirements: 79,545 Migration imbalance: 24,000

    103,545

    Shortfall ~40,000

  • Where WillReplacement Jobs Be?

    Source: File created by M.Haan & J.Travis, 1996, 2001, 2006 Census of Population, Statistics Canada, 2014. Note: Counts include those individuals who are projected to participate in the labour force.

  • Summary Shortages will occur in every economic region in New

    Brunswick (though more some than in others). Fredericton-Oromocto will have the smallest imbalance.

    Employers need to replace retirees for these jobs to exist. Not replacing workers Saving money.

    There is considerable mismatch between skills and jobs. We have a lot of work to do to prepare future workers for

    future opportunities. These projections do not include expansion demand. Expansion is planned.

  • Conclusion: Meeting Labour Market Demands

    We need to:

    1. Increase the number of University/College enrolments in the province for occupations that are needed.

    2. Retain the workers that are lost through out-migration.

    3. Attract more individuals through in-migration and international immigration.

    People, Skills, Jobs: Whats Around the Corner for New Brunswick? Main PointsAssumption #1Assumption #2Assumption #3Assumption #4Challenges FacingNew BrunswickOur Current Labour MarketFuture Replacement Demand in New BrunswickAging PopulationsRetirements, 2011 to 2021Migratory Trends of NB Population, 2011-2021Sources ofLabour Supply inNew BrunswickLabour SupplyImmigration TrendsThe ShortfallWhere WillReplacement Jobs Be?SummaryConclusion: Meeting Labour Market Demands

Recommended

View more >