From the Four County Labour Market Planning Board's Local Labour Market Plan
The Four County Labour Market Planning Board has released its annual Local Labour Market Plan, shedding light on critical trends, challenges, and forward-looking initiatives aimed at bolstering the region’s workforce.
The report sheds light on the state of the labour market in Huron, Perth, Gray, and Bruce counties.
Several pressing trends and challenges were identified, including persisting labour shortages, aging population and retirements, and the dynamism of the local labour market – which can lead to shortages in particular sectors due to the need for specific skills and training.
The report also identified a decrease in overall job vacancies although it also saw slight increase in unemployment in the area – changing from 3.8% in 2022, to 4.8% in 2023, which puts the area well below the provincial average of 5.6% and 5.7% respectively.
Currently, they’re working to assess factors for outmigration from the area, including affordable housing, quality of life, and career prospects. They’re also working on increasing training funding for green and sustainable jobs, as well as women in skilled trades, and temporary foreign workers – with hopes that this will continue to expand the economic base, and help to supplement the shortage of workers in particular sectors.
By addressing current challenges and implementing forward-thinking strategies, the Four County Labour Market Planning Board is working to pave the way for a thriving local economy.
You can view their full report right now:
https://www.planningboard.ca/wp-content/uploads/2024/02/LLMP-2024-ENG-FINAL.pdf
Written by: B. Shakyaver
