What is the Labour Market?
The labour market consists of the industries, employers, employees and future employees that form the economic backbone of a community. It is ever-shifting, along with demographic trends, economic patterns, technologies, education and training.
Tracking Labour Market Trends
Ontario’s local workforce development boards collect and analyze valuable labour market data and identify trends, opportunities and priorities in their respective communities. Each board documents its findings in a comprehensive reports that becomes a valuable planning tool for economic development. Indicators provided by local boards include but are not limited to annual and monthly updates by region on: unemployment, participation, vacancy and population rates. Visit your local board for details in your region.
Who Benefits from our Research?
Our neutral, objective research is valuable not only to local communities but also to groups beyond local borders, including:
- Employers, Employees and Job Seekers
- Local and regional economic development agencies
- Community Organizations and Educators & Training Institutions
- Industry Associations and local Labour Unions
- The Ministry of Labour, Immigration , Training, and Skills Development (MLITSD)
- Other federal, provincial and municipal governments with a focus on labour market development