The provincial government’s latest labour forecast no longer predicts worker shortages for B.C. thanks to more immigrants and young people starting their first jobs.
At least that’s the case for the most densely populated parts of the province.
But the regional picture emerging from the Labour Market Outlook presented by Post-Secondary Education and Future Skills Minister Selina Robinson Friday (Nov. 23) could spell bad news in the more remote parts of the province, particularly the north.
The annual Labour Market Outlook is a 10-year forecast that gives current and future post-secondary students, organizations and employers the latest information to help them make informed decisions about careers, skills training, education, and hiring.
It predicts some regions that have disproportionately older workforces approaching retirement in what economists would call sunset industries may not see the same rate of immigration expected fill job openings in the Lower Mainland/Southwest of B.C..
One such region could be the Cariboo, where the government expects 21,000 new job openings over the next decade with 98 per cent coming mainly from retirements.
The province expects Cariboo employment to grow by 0.1 per cent per year in the next decade — below the region’s expected population growth of 0.3 per cent, and far below the expected annual employment growth for B.C. at 1.2 per cent.
“Given the high number of retirements that are expected, pressure to replace these retiring workers will be felt across a variety of industries (in the Cariboo) but mainly with providers of health, education and retail trade services,” it reads.
B.C.’s Northeast (0.4 per cent), the Kootenay (0.5 per cent) and North Coast and Nechako (1.1 per cent) are also expected to see below-average growth in employment with job openings created through retirements largely exceeding job openings created through growth.
What unites all of these regions has been a historic reliance on resource-extracting industries and the outlook for those industries appears mixed.
Employment in forestry is expected to decline by 1.3 per cent between now and 2033. That decline will be by 2.2 per cent per year over the next five years before recovering somewhat. Employment in agriculture and fishing, meanwhile, is expected to flat-line, with an annual growth of 0.1 per cent.
The story is different for mining and energy. Oil and gas employment is expected to grow by 1.4 per cent each year between now and 2033, while mining employment is expected to grow by one per cent.
That could create some regional employment opportunities in the Kootenay region, where mining ranks among the Top 5 industries with significant job openings (1,630). Mining and oil and gas extraction, meanwhile, ranks in the top 5 in job openings in the Northeast.
Looking elsewhere in the province, the Lower Mainland/Southwest, Vancouver Island/Coast and the Thompson-Okanagan will see employment growth matching the provincial rate of 1.2 per cent with the Lower Mainland/Southwest seeing the most job openings with more than 600,000 with economic growth accounting for more than 60 per cent of those jobs.
Based on the number of future job openings, Vancouver Island/Coast is B.C.’s second-most dynamic economic region with 174,000 openings followed by the Thompson/Okanagan with 124,600 openings.
Overall, the Labour Market Outlook foresees a “more balanced future labour market” with the number of job seekers essentially matching the number of job openings, which the report pegs at 1 million between 2023 and 2033.
It predicts close to half of all new workers (46 per cent) entering the labour market between 2023 and 2033 will be immigrants (just behind the number of young people under the age of 29 entering the workforce for the first time, 47 per cent).
Five industries will generate about 55 percent of all job openings across B.C. with health care and social assistance — likely a reflection of B.C.’s aging society — leading the way with 166,300 openings, or 17 per cent of total openings. The professional, scientific and technical services (14 per cent), retail (10 per cent), educational services (seven per cent) and construction (seven per cent) make up the rest of the Top 5 industries with openings.
Another gauge of B.C.’s health care needs is the demand for workers in the ambulatory health care services. That sector makes the Top 5 for job openings in six out of seven regions of B.C. except for the Northeast.
As immigrants play a growing role in the provincial labour force, so will younger people. The report expects that Millennials born between 1981 and 1996 are expected to make up more than one-third of the workforce by 2033 with Generation Z (those born between 1997 and 2012) becoming the largest group by end of the forecast.
Black Press Media has reached out to the Ministry of Post-Secondary Education and Skills for additional information about which specific regions could see job shortages.