Review of Best Practices in Labour Market Forecasting with an Application to the Canadian Aboriginal Population

Jasmin Thomas

No 2015-16, CSLS Research Reports from Centre for the Study of Living Standards

Abstract: The Friendship Centres in Canada play a pivotal role in community and economic development by providing training and employment opportunities, facilitating social development, and building human and resource capacity for Aboriginal Canadians. The availability of occupational projections may facilitate the work of the Friendship Centres by providing valuable information concerning future labour market outcomes, allowing their programs to more appropriately prepare Aboriginal Canadians with the required skills, training and education to meet expected labour demand. By surveying the best practices in labour market demand and supply modeling used by national, sub-national and sectoral organizations, this report will help provide a stronger understanding of the potential power of labour market forecasting, while acknowledging the difficulties and obstacles inherent in any projection process. Furthermore, this report will discuss methodologies that could be implemented by the Friendship Centres to estimate the prospective occupational labour supply and demand facing Aboriginal Canadians.

Keywords: Aboriginal; Labour Market; LMI; Labour Market Information; Canada; Labour Market Forecasting; Labour Supply; Labour Demand; Retirement; Expansion Demand; Replacement Demand (search for similar items in EconPapers)
JEL-codes: J40 J41 J49 (search for similar items in EconPapers)
Date: 2015-10
New Economics Papers: this item is included in nep-lma
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Citations: View citations in EconPapers (1)

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