A B.C. Labour Market Profile reveals that by 2016, B.C. will reach a “tipping point” where the number of jobs requiring university, college, or trades credentials will exceed the supply of graduates in the province.
The report was released by B.C.’s six research universities, based on the provincial government’s BC Labour Market Outlook.
It notes that by 2020, approximately 18,800 jobs could go unfilled because too few British Columbians have the necessary training, with 8,400 requiring a university degree, 8,100 a college credential, and 2,300 trades training.
“This is a wake-up call for all of us. The government data shows that we have to act today,” said University of British Columbia president Stephen Toope.
“To secure our economy, we need to continue to build on our excellent post-secondary system and deepen our commitment to education, innovation, and research.”
The issue is particularly urgent for the Lower Mainland, which is home to two thirds of the one million job openings projected for B.C. from 2010 to 2020.
Choosen excerpts by Job Market Monitor from