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This document provides an overview of how to effectively utilize labour market information to inform job search strategies, particularly for graduates from the University of Toronto. It highlights resources such as the Job Bank Canada, U of T’s 10,000 PhDs Project, and the Postdoctoral Fellow Career Outcomes Project, along with guidance on utilizing job profiles and wage reports to aid in career planning.
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01
Identify the relevant labour market information sources such as government databases, industry reports, and local employment agencies.
02
Determine the specific information needed, such as job trends, salary ranges, and skills in demand.
03
Gather data and statistics from the identified sources, making sure to note the publication dates for relevancy.
04
Analyze the data to draw conclusions about current and future employment opportunities.
05
Present the findings in a clear and organized manner, using graphs or charts if necessary to highlight key points.

Who needs using labour market information?

01
Job seekers looking to understand which industries are hiring and what skills are required.
02
Employers aiming to identify potential skills gaps in their workforce.
03
Educational institutions seeking to align their training programs with market demands.
04
Policy makers who need data to design effective workforce development programs.
05
Career advisors who assist individuals in making informed career choices.
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Using labour market information involves analyzing data related to employment trends, job vacancies, wage levels, and skills shortages to make informed decisions about workforce development and policy.
Employers, job placement agencies, and government entities are typically required to file using labour market information to ensure compliance with employment regulations and to contribute to the overall understanding of workforce dynamics.
To fill out using labour market information, you would need to gather relevant data such as job titles, employment statistics, wage information, and skills assessment. The forms or systems provided by the relevant authority should be completed accurately based on the collected data.
The purpose of using labour market information is to inform stakeholders about employment trends, facilitate workforce planning, guide educational and training programs, and help policymakers make evidence-based decisions.
Information that must be reported includes job vacancy rates, average salaries, employee turnover rates, skills required for various positions, and demographic data about the workforce.
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