Labor & Employment Law

Labour force projections for Canada, 2006-2031

By Michael Fitzgibbon

Aging Workforce News tells us that Statistics Canada has released Labour Force Projections for Canada, 2006-2031.  It's  a very interesting read.  Among other points:

• A low birth rate and aging of the population, which will accelerate in the years ahead, present many  challenges for Canada.
• Boomers are reaching retirement age and beginning to leave the workforce in large numbers
• The number of young people entering the labour force has plateaued and is expected to decline in the future as a result of the low birth rate that has occurred in recent decades
• Labour force participation rates continue to climb in Canada (This rise in participation rates may well partly offset the impact of future demographic changes on the labour force)

This issue, and the impending consequences, along with hours of work and overtime, are the two "elephants in the room" with which employers will have to come to terms as I recently opined at a client conference. 

Full post as published by Thoughts from a Management Lawyer on June 19, 2007 (boomark / email).