By: 250 News
The Province has released its Industry Outlook Profile for the next ten years , predicting which sectors will see growth and job demands.
The report, ( accessible here) has detailed employment growth and job openings forecast information. It is predicted thee will be nearly a million job openings in B.C. y 2025, with most of those openings a result of retirement while one third will be from expansion in the various sectors.
According to the report forestry will see a decline despite the housing market recovery in the U.S. The decline in forestry will be the result of the fall out from the mountain pine beetle epidemic and the loss of merchantable timber. Yet, even though there will be a decline in expansion ( down 1.4% between now and 2025) there will be nearly 23hundred job openings created by the retirement of current employees.
As for mining, the report predicts that with commodity prices improving, mining will see an overall expansion of 2.4%, with just under 6,400 job openings over the next ten years.
With LNG not yet off the ground, the report looked at oil and gas extraction activity. It has a positive road ahead with 2.7% expansion, and 2,495 job openings over the next decade.
The education sector will see some growth according to the report, with increased enrollment and retirements of teachers in the K-12 stream. The report predicts overall growth of 1.4% with 35, 487 job openings between now and 2025.
Labour market demand and supply are influenced by a combination of trends that change from year to year. Labour market projections in the profiles are based on available economic and labour market data from Statistics Canada and other sources. They are meant to reflect general expected trends over the medium to long term.
The 2025 British Columbia Labour Market Outlook and industry profiles can be a resource for educators, counsellors, students and their families in making decisions regarding education and skills training. They also help those who are unemployed or underemployed find jobs that are in demand right now.
By: 250 News