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Review of Best Practices in Labour Market Forecasting with an Application to the Canadian Aboriginal Population

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  • Jasmin Thomas

Abstract

The Friendship Centres in Canada play a pivotal role in community and economic development by providing training and employment opportunities, facilitating social development, and building human and resource capacity for Aboriginal Canadians. The availability of occupational projections may facilitate the work of the Friendship Centres by providing valuable information concerning future labour market outcomes, allowing their programs to more appropriately prepare Aboriginal Canadians with the required skills, training and education to meet expected labour demand. By surveying the best practices in labour market demand and supply modeling used by national, sub-national and sectoral organizations, this report will help provide a stronger understanding of the potential power of labour market forecasting, while acknowledging the difficulties and obstacles inherent in any projection process. Furthermore, this report will discuss methodologies that could be implemented by the Friendship Centres to estimate the prospective occupational labour supply and demand facing Aboriginal Canadians.

Suggested Citation

  • Jasmin Thomas, 2015. "Review of Best Practices in Labour Market Forecasting with an Application to the Canadian Aboriginal Population," CSLS Research Reports 2015-16, Centre for the Study of Living Standards.
    • Handle: RePEc:sls:resrep:1516
    as

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    File URL: http://www.csls.ca/reports/csls2015-16.pdf
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    References listed on IDEAS

    as
    1. Gerald Hughes, 1993. "Projecting the Occupational Structure of Employment in OECD Countries," OECD Labour Market and Social Policy Occasional Papers 10, OECD Publishing.
    2. Andrew Sharpe & Jean-Francois Arsenault & Simon Lapointe, 2007. "The Potential Contribution of Aboriginal Canadians to Labour Force, Employment, Productivity and Output Growth in Canada, 2001-2017," CSLS Research Reports 2007-04, Centre for the Study of Living Standards.
    3. José Dorich & Michael K. Johnston & Rhys R. Mendes & Stephen Murchison & Yang Zhang, 2013. "ToTEM II: An Updated Version of the Bank of Canada’s Quarterly Projection Model," Technical Reports 100, Bank of Canada.
    4. Olivier Gervais & Marc-André Gosselin, 2014. "Analyzing and Forecasting the Canadian Economy through the LENS Model," Technical Reports 102, Bank of Canada.
    5. Souleima El Achkar, 2010. "A Companion Guide to Analyzing and Projecting Occupational Trends," CSLS Research Reports 2010-07, Centre for the Study of Living Standards.
    6. de Grip, A. & Heijke, J.A.M., 1998. "Beyond manpower planning: ROA's labour market model and its forecasts to 2002," ROA Working Paper 6E, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    7. Stefano Spalletti, 2008. "The History of Manpower Forecasting in Modelling Labour Market," Working Papers 18-2008, Macerata University, Department of Studies on Economic Development (DiSSE), revised Nov 2008.
    8. Fanny McKellips, 2015. "Aboriginal Labour Market Information in Canada: An Overview," CSLS Research Reports 2015-15, Centre for the Study of Living Standards.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Breugel, Gerla van, 2017. "Identification and anticipation of skill requirements: Instruments used by international institutions and developed countries," Documentos de Proyectos 42233, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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    More about this item

    Keywords

    Aboriginal; Labour Market; LMI; Labour Market Information; Canada; Labour Market Forecasting; Labour Supply; Labour Demand; Retirement; Expansion Demand; Replacement Demand;
    All these keywords.

    JEL classification:

    • J49 - Labor and Demographic Economics - - Particular Labor Markets - - - Other
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General

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