Key Terms
Labour Force Activity | Labour force Activity is the indication of how many people are employed or unemployed among the working age population |
NWT Population 15 years of age and over | The “Working age Population” is a commonly used term by Canadian Statisticians examining labour market activities and trends |
NWT Labour Force | The total of the NWT population 15 years of age and over minus the total number of NWT residents not in the labour force |
NWT Employed | Total number of NWT residents working in taxable employment |
NWT Unemployed | The total number of NWT residents not working or employed and actively looking for employment |
NWT Not in the Labour Force | The total number of NWT residents 15 years of age and over who are neither employed nor unemployed. This includes people who were either unable to work or unavailable for work. It also includes persons who were without work and who had not looked for work nor had a job to start within a specific time period |
NWT Participation Rate | Percentage of NWT residents who are working and who are included in the labour force/labour market |
NWT Unemployment Rate | the percentage of NWT residents not working and not employed by an employer or self-employed who are 15 years of age and older |
NWT Employment Rate | the percentage of NWT residents who are working and employed by an employer or self-employed who are 15 years of age and older |
Employed Person | A person who is working at a job or business, or has a job but who is not at work due personal or other reasons |
NWT Labour Demand | the number of employees that NWT employers require |
NWT Labour Supply | the number of available and skilled NWT residents that meet the requirements of NWT employers to hire |
Replacement demand | Replacement demand happens when employers must replace workers who have retired, died, or moved out of the territory. Replacement demand is responsible for most of NWT resident job opportunities over the next 20 years in all three economic scenarios. The high level of replacement demand reflects the aging population and relatively high levels of out-migration from the NWT on an annual basis. |
Expansion demand | Expansion demand comes from economic expansion, such as the opening of a new mine or the building of a new highway. This type of occupational demand creates new jobs in the economy; but when the economy contracts, existing jobs may also be lost. |