Saturday, June 22, 2024

Thousands of jobs expected to open up across Vancouver Island over the next decade

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A new report released by British Columbia’s Labour Market Outlook has taken a peek into the future of employment across the province, and the results look promising for several sectors. 

The report breaks down and analyzes regional shifts in the labour market and predicts from 2022 to 2032, BC will have 1,017,000 job openings each year with 63% of those openings being replacement positions and 37% as new jobs. 

Taking a closer look at Vancouver Island over the next decade, the report expects 176,000 job openings of which 62% will replace retiring workers. 

Employment demand is projected to increase by an annual average of 1.5%, a bit faster than the provincial average of 1.3%.

The region’s fastest growing sectors are expected to be:

  • Computer systems design
  •  Mining, oil and gas extraction p
  • Primary metal manufacturing
  • Travel arrangement services
  • Nursing and residential care facilities 
  • Management, scientific and technical consulting services
  • Personal, non-automotive repair 
  • Non-profit services 

According to the report, nearly 80% of job openings will require post-secondary education or skills training over the next ten years.  

(Chart by BC Labour Market Outlook)

With more job openings than people in BClooking for work, Selina Robinson, Minister of Post-Secondary Education said in the report, “we also know that training is just one of the ways we tackle global labour shortages. Our government is expanding access to supports like affordable, accessible childcare that help people return to work,” said Robinson.

What are your thoughts on the current employment prospects offered on Vancouver Island?

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