Labour Market Information
Labour market information can be overwhelming and confusing; learning what is it and how to use it can help a person make informed decisions about their education, training, employment, or business operations.
Labour market information can be simple (like a news story) or complex (charts, graphs, analysis). If you need help understanding labour market information or would like support in determining your career path, please contact a career development officer at your local ECE Service Centre.
Labour market information is any information used by job seekers to make informed decisions about the labour market. It includes information for employers about specific industries, sectors, occupations, and the economy.
This information can help you learn:
- who is hiring;
- what occupations are currently in demand;
- what occupations will be in demand in the coming years; and
- which occupations are in demand in your region.
Labour market information also provides information about advertised jobs and what an employer will provide for the employee (such as salary, wage, bonus, and other forms of payment such as employee benefits), in exchange for their time, knowledge, skills, education and abilities. Economists often refer to these traits as human capital.
Every day, people make potentially life-changing decisions that could impact their education, their careers, or their personal circumstances. Knowing the future job opportunities that will be available in the NWT can help students, job seekers and workers make informed career and life choices. Employers, educators, and trainers can also use this information to create human resources strategies and deliver programs that respond to long-term job demand.