toronto's local labour market update-april 2013

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Mapping Toronto’s labour market Youth Employment Partnerships, City of Toronto, Breakfast Workshop Session-April 2013

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  • 1. Mapping Torontos labour marketYouth Employment Partnerships, City of Toronto, Breakfast Workshop Session-April 2013

2. Toronto Workforce Innovation Group2 3. Local Labour Market Information3 4. Toronto Highlights4 Toronto ranked 12th of 120 global cities(Hot Spots: Benchmarking Global City Competitiveness, The Economist) Toronto ranked 4th among Worlds Top Tech Hubs by Startup Genome, aproject that aims to increase the success rate of start-ups and acceleratethe pace of innovation globally A major economic engine of the country with 83,000 businesses Major employment clusters: Food services, Financial services, ICT, GreenIndustry, Fashion, Film, Hospitality and Tourism and Life Sciences 2nd Greenest Canadian City in Leading the Fight against Climate Change(Global Financial Centres Index - GFCI 9) Toronto has the lowest risk in the world for employers to recruit, employ andrelocate employees (Aon Consultings People Risk Index) 5. 5Source: Statistics Canada, Annual Migration EstimatesMigration Patterns 6. Employment Overview-20126Source: Statistics Canada, Labour Force Survey 7. Unemployment Overview-20127Source: Statistics Canada, Labour Force Survey 8. Key Employment Sectorsby SMEs-2012-20138Industry% of totalemployment(SMEs)RankProfessional, Scientific andTechnical Services12.80 1Food Services and Drinking Places 9.27 2Real Estate 5.60 3Administrative and SupportServices4.79 4Ambulatory Health Care Services 4.67 5Source: Statistics Canada, Canadian Business Patterns 9. Sectors to Watch9 10. Real Estate10Trends Expanding Urbandevelopment inindustrial, commercial/retail and institutional sectorsOpportunities Sales & Services Property & FacilitiesManagementPriorities Technologicaladvancements to reducefront-line employees(Agents & Brokers) 11. Trades & Utilities11Trends Industrial, commercial andutility-related projects in non-residential sectorsOpportunities Green Energy Construction Research & Development toplan, develop and monitorgreen energy utilitiesPriorities Shortage of Skilled Trades innuclear utilities jobs coupledwith 5% baby boomersretiring 12. Film Production &Sound Recording12Trends Transient Workforce withcultural careers overlappingin multiple sectorsOpportunities Training and labour suppliedby Unions & GuildsPriorities Screen-based entertainmentfacing foreign competition 13. Publishing13Trends Characterized byIntellectual creativity &protected by copyright lawsOpportunities Creative careers in design Business career in marketingPriorities Digital transformationconflicting skill demandsbetween traditional &electronic 14. Workforce Priorities14ShiftingEconomicTerrainDiversityasBusinessEnablersDigitalLiteracyGrowingthe GreenEconomy 15. Thank You15For more informationwww.workforceinnovation.cawww.routestoemployment.caPhone: 416.934.1653Fax: 416.934.1653Address: 215 Spadina Avenue, Suite 350Toronto, ON, M5T 2C7