Canada’s Labour Market

Canada’s Labour Market Outlook Projects Over 8 Million Job Openings by 2033

Canada’s labour market is set to undergo a significant transformation between 2024 and 2033. With an estimated 8.1 million job openings expected during this period, industries across the country will experience a growing demand for skilled workers. These projections come as part of the COPS (Canadian Occupational Projection System) report, which assesses future labour supply and demand trends.

Job Openings in Canada

Over the next decade, economic growth and workforce replacement needs will drive job openings. Here’s a closer look at the figures:

  • 2.6 million new positions will emerge due to economic expansion.
  • 5.5 million positions will be created as a result of worker retirements, in-service deaths, or emigration.
  • 68.1% of all job openings will be from retirement-driven replacements.
  • 75% of all projected jobs will require post-secondary education or fall under management occupations.
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To meet the increasing demand, Canada anticipates welcoming 8.2 million new job seekers over the projection period. These individuals will come from various sources, including:

Source of Job SeekersEstimated Contribution
School graduates5.9 million
Immigrants2.6 million
Other entrants (re-entrants, career changers)180,000

Although immigration will play a significant role in addressing labour shortages, school leavers will remain the primary source of job seekers in Canada.

High-Demand Occupations Facing Labor Shortage

More than 100 occupations are projected to face moderate to severe labour shortages by 2033. Key sectors affected include healthcare, natural and applied sciences, construction, and transportation.

IndustryOccupations (NOC Codes)
HealthRegistered nurses (31301), Pharmacists (31120), Physicians (31102)
Engineering & TechCivil engineers (21300), Cybersecurity specialists (21220)
Education & Social WorkSecondary school teachers (41220), Social workers (41300)
Trades & ConstructionElectricians (72200), Plumbers (72300), Welders (72106)
TransportationTransport truck drivers (73300), Air pilots (72600)

These fields are already experiencing shortages, and the trend is expected to persist unless more skilled professionals enter these industries.

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Future Labour Market Conditions: What to Expect?

While many occupations will struggle with shortages, some will stabilize over time. For example, food service supervisors, who faced post-pandemic shortages, are expected to return to a balanced labour market over the next decade.

However, four new occupations will shift into shortage conditions, including home building and renovation managers. This highlights the ongoing demand for skilled professionals in Canada’s construction sector.

With Canada’s labour market evolving, opportunities for skilled immigrants, students, and professionals will continue to grow. The demand for workers in healthcare, engineering, education, and skilled trades will remain strong, making these fields attractive career options.

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For those looking to build a future in Canada, securing relevant qualifications and gaining industry experience will be key to success in this rapidly changing job market.

For the latest updates on jobs in Canada, immigration pathways, and career prospects in Canada, ImmigCanada is your go-to source. Our platform provides accurate and timely information on in-demand jobs, employer requirements, and the best strategies to enhance your employability in Canada. Stay informed and ahead with expert insights!

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