March 29, 2022 | British Columbia
BC’s latest Labour Market Outlook (LMO) forecasts have some good news in store for job seekers, with predictions of over a million job openings within the next decade. This will create more opportunities for students and jobseekers to develop and polish their skills and find rewarding jobs.
What is LMO?
The LMO is a 10-year forecast that helps businesses and the government direct their resources towards the future workforce. It also provides BC residents with up-to-date information to aid their decision-making about future career paths.
The LMO uses data sourced from official departments such as BC Stats, the BC Ministry of Finance, and Statistics Canada. A list of high-opportunity occupations is produced by assigning indicators for factors like expected job opportunities, expected and current labour market tightness, and current wage rates.
The LMO predicts that the largest number of job openings are expected in the healthcare, social assistance, and education industries. Many of these openings will provide services such as early childhood education, counselling, child protection and community housing, and food services.
Science and technology jobs will also be in high demand with 111,000 projected job openings. An additional 85,000 job openings are expected in skilled trades, which offer careers ranging from cooks and automotive service technicians to construction workers and hairstylists.
A detailed overview of the 10-year forecast can be viewed in the LMO report.
How CDI College Can Help
As per the forecast, nearly 80% of the job openings will require some level of post-secondary education or training.
In order to match these requirements, the resident workforce and future jobseekers will need to acquire new skills and knowledge to keep up with the job openings forecast.
At CDI College, it is our goal to equip our students with the right skill sets and applied knowledge to take advantage of these opportunities. CDI College offers accelerated training in the various programs, many of which are forecasted to be in high demand in the near future.