The analysis of key labour market indicators such as job vacancies and employment growth as well as the unemployment rate suggests that the supply was sufficient to fill the demand in this occupational group over the 2019-2021 period.įor Industrial engineering and manufacturing technologists and technician, over the period 2022-2031, new job openings (arising from expansion demand and replacement demand) are expected to total 8,700, while 8,600 new job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill them.Īs job openings and job seekers are projected to be at relatively similar levels over the 2022-2031 period, the balance between labour supply and demand seen in recent years is expected to continue over the projection period. For instance, if the analysis of key labour market indicators suggests that the number of job seekers was insufficient to fill the job openings (a shortage of workers) in an occupational group in recent years, the projections are used to assess if this situation will continue over the projection period or if the occupation will move towards balanced conditions. The intention is to determine if recent labour market conditions (surplus, balance or shortage) are expected to persist or change over the period 2022-2031. In order to determine the expected outlook of an occupation, the magnitude of the difference between the projected total numbers of new job seekers and job openings over the whole projection period (2022-2031) is analyzed in conjunction with an assessment of labour market conditions in recent years.
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