Labor Market Information
The diverse levels of Canadian government do not provide jobs for people. They have programs giving you a hand when you search for a job, but these programs will not guarantee a job to you. Do not trust anyone who tells you that he can offer you a job. He may be a fraud or merely wants to sell something to you.
You'll hear people around you say that everyone needs to do an investigation into the labor market in order to succeed. The labor market has many aspects, but in short, it is information about jobs, industry sectors, salaries, profiles of cities, future trends and conditions and figures, which will influence your job hunting in either the short or long term.
Labor market information (LMI) is an important factor in the process of looking for a job. LMI supplies new entrants to the labor market with information about:
·what positions and trades employers are looking for
·education and work experience required for jobs
·where potential employers are
·employment conditions
·barriers to new employees
·vocational predictions
It usually involves a compromise between what you prefer to do and what the job market needs and wants when you choose your job. Not everyone has the chance to do whatever he likes. It is intelligent to consider employment options in the areas where requirements are high.
Labor market information includes the principal elements of the labor market and its operations. The principal elements are the demand for labor and the supply of labor in the economy. The demand side implies the amount of jobs available in certain industries and sectors in a certain period, while the supply side shows the number of persons in the work force available for work at a particular time. If the supply of labor is bigger than the demand, unemployment results. The operations of the labor market range from labor exchange (hiring, offers of employment, recruitment, separations) to government activities and programs targeting at lowering the unemployment rate.
Human Resources and Skills Development (HRSD) and Statistics Canada are the two main sources of government labor market information. Both of them offer information at the national, regional and local levels. The Labor Market Information service, which is designed by HRSD, gives job-hunters general or concrete information on local labor markets all over Canada. Statistics Canada monitors unemployment numbers by sex, workers' age, region, educational level and occupation.
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