Labour Market Analysis and Forecasting

Prism produces industry and occupation specific labour market forecasts and outlooks at the regional, provincial and federal levels. Each industry has its own trajectory, and Prism’s research identifies future directions and creates labour market forecasts which reflect the strengths and challenges facing a given industry. Prism has extensive experience creating labour market information for the construction industry, resource sectors, manufacturing sectors, engineering occupations, the technology sector and skilled trades.

Furthermore, Prism has drawn on its extensive experience in domestic labour market analysis and in-depth understanding of the current labour market needs in various sectors and territories in Canada to develop a comprehensive economic model of the supply and demand of apprenticeships and is able to provide clients with reliable forecasts.


Meat and Seafood Processing LMI

Food Processing Skills Canada

Prism conducted a comprehensive labour market analysis of Canada’s meat and seafood processing sectors on behalf of Food Processing Skills Canada. The study’s objectives were to

  • Define core occupations relevant to each sector

  • Determine current and future hiring requirements for employers in each sector

  • Determine current and future labour supply

  • Develop an approach to evaluate labour market conditions as a means of identifying labour market challenges

  • Conduct a comprehensive employer survey for each sector

Prism prepared a national labour market report and a set of profiles for regions with significant processing activity for each sector. Prism also prepared a report summarizing results of the employer survey for each sector.

By creating detailed supply and demand models and occupational profiles based on processing facility type, Prism developed a labour market analysis system that could be applied to any region and generate timely and relevant forecasts. The outcomes of Prism’s analysis were used as evidence to impact policy decisions regarding temporary foreign workers.



BuildForce Canada

BuildForce Canada

Prism Economics leads the supply-side forecasting, market assessment and report writing for BuildForce Canada (formerly known as the Construction Sector Council (CSC).  The model provides 10-year projections of the supply and demand for 34 construction occupations across five regions in Ontario.  The projections are validated on a continuing basis by a network of regional committees of industry stakeholders. A key feature of the BuildForce model is that it translates supply and demand forecasts into estimates of labour market risk that human resource planners can understand.  The five-level risk scale used in the BuildForce model has been incorporated in a number of other industry-based forecasting models.



Market and Outlook for Regulated Professions in Ontario

Higher Education Quality Council of Ontario

Professional degree holders, whose credentials prepare them for a specific occupation, might assume they’ll move directly into a job post-graduation. But a new study from the Higher Education Quality Council of Ontario finds that attempts to manage these professions have resulted in swings between under-supply of new entrants and over-supply of graduates.

This report, prepared by Prism Economics, studies enrollment, graduation trends and labour market outcomes for graduates of professional programs in six regulated professions. It investigates the extent and nature of labour market imbalances that can result in protracted periods of unemployment or under-employment for recent graduates.

The full report can be found here.




Tracking Requirements for
Apprenticeship Qualifications

Working in collaboration with Canada’s apprenticeship community, Prism has developed a new qualification-based approach to labour market information.  The CAN-TRAQ system (Tracking Requirements for Apprenticeship Qualifications) tracks;

  • workforce requirements for apprenticeship qualifications

  • past and future apprenticeship qualifications and

  • identifies gaps between the supply and demand for qualified trades on a provincial basis

CAN-TRAQ includes a comprehensive accounting for employer requirements covering needs for principal trades, related occupations (supervisors and managers) given patterns of retirements and shifting market conditions.  Measures are consistent in each province allowing Pan Canadian assessments of conditions for trades across time and provinces.  CAN-TRAQ profiles of the gaps separating requirements reflect shifting markets, demographics, patterns of registrations and completions and employer preferences for candidate qualifications.

CAN-TRAQ measures conditions for more than 200 apprenticeship programs.  CAN-TRAQ provides employers, job seekers, apprenticeship system planners with information on:

  • The number of registrations needed to meet future requirements

  • Patterns of completions and completion rates and their impact on supply / demand balances by qualifications

  • The potential for mobility across provinces as the supply / demand balance for qualifications shifts

  • The impact of major projects or industrial cycles on workplace requirements and qualification profiles

  • The impact of compulsory and / or voluntary status in the trades



Manufacturing LMI

Canadian Skills Training & Employment
Coalition, Canadian Manufacturers &

Prism prepared a report called “The Future of the Manufacturing Labour Force in Canada” for the Canadian Skills Training & Employment Coalition and the Canadian Manufacturers & Exporters. This report provides an analysis of the labour needs of the manufacturing industry in Canada over a five-year period. It develops a baseline projection of the labour requirements of Canadian manufacturing by occupation. The analysis covers the top 15 manufacturing regions across Canada and the main manufacturing sectors in these regions. This is the first and most comprehensive labour market study at this level of detail (i.e., regional, sectoral, and occupational). These insights are valid across regions and will impact the hiring strategies of manufacturing hiring managers during the next decade. In addition, the report notes differences in terms of demographics across regions that generate distinctive challenges for each manufacturing hub.

The full report can be found here.

Une version française est disponible ici.

To see the detailed reports for each region, please select from the links below:











Sault Ste. Marie





Montreal (English)

Montreal (French)