Ottawa, March 14, 2022 (GLOBE NEWSWIRE) — Construction employment on Prince Edward Island should recover in 2021 and continue to grow until 2022 due to increased residential and non-residential demand. However, activity will be eased from 2023 to 2027 as major projects are completed and the labor market returns to a more balanced state.
According to Prince Edward Island’s Build Force Canada labor market forecast, employment in the state’s construction and maintenance industry will reach 400 (7%) by the end of 2022 and then moderately until 2027 (3.6% below the 2021 level). ) I predict that it will retreat.
BuildForce Canada Construction and maintenance from 2022 to 2027 Today’s report on Prince Edward Island. The forecast focuses on a six-year period of state labor market data, as opposed to the ten-year surveyed in previous reports. The shortened forecast period allows the report to more clearly focus on short-term and long-term supply and demand pressures affecting the state’s construction sector.
“Prince Edward Island’s construction employment peaks in 2022 as the state’s housing market remains strong recently and the non-housing sector recovers with increased institutional and engineering investment.” Said Bill Ferreira, Executive Director of Build Force Canada. “As the state housing market cools and the most active non-housing projects end, the labor market will return to a more balanced state between 2023 and 2027.”
Prince Edward Island’s construction industry has adapted to higher sustainable levels of activity in recent years by relying on the liquidity of skilled trade from outside the state and expanding its local recruitment and training capabilities. However, the COVID-19 pandemic drastically reduced the participation of older workers in the state’s construction workforce, reducing unemployment to historically low levels.
The main challenge facing the industry today is the pressing requirement for a large number of skilled and experienced workers across almost all of its major industries and professions, which may be new or young, inexperienced work. It cannot be satisfied by the person alone.
This short-term increase in labor demand can complicate existing recruitment challenges. The state’s construction industry will hire 975 additional workers by 2027 to meet labor demand and replace nearly 950 retired workers, or 14% of the 2021 construction workforce. is needed.
By 2027, as many as 855 local workers under the age of 30 could join the construction workforce, but there could be an estimated gap of about 120 workers. To address this gap, increasing recruitment of groups traditionally undervalued in the construction industry, locally available skilled workers who are not currently working in the construction industry, and construction labor available during peak hours of activity. Local recruitment and training efforts need to be expanded, such as attracting people from neighboring states.
Developing skilled merchants in the construction industry can take years and often require participation in a state apprenticeship program. Enrollment in Prince Edward Island’s seven largest construction programs has increased by more than 70% over the six years from 2013 to 2019. Data from the latest registration apprentice information system suggests that new registrations slowed in 2020, but despite the training challenges created by COVID-19, the state continues to apprentice throughout the year. I was able to promote development.
Based on the current pace and completion trends of new apprenticeship registrations, only Carpenter Trade is predicted to be at risk of undersupply of the required number of travelers by 2027.
The construction industry continues to focus on building a more diverse and comprehensive workforce. To that end, efforts are underway to increase the recruitment of individuals from groups traditionally undervalued by the state’s construction workforce, including women, indigenous peoples and newcomers to Canada.
In 2021, about 850 women were employed in the construction industry in Prince Edward Island. It was slightly higher than the 790 adopted in 2020. Of these, 42% worked directly on-site construction projects, and the remaining 58% worked off-site, primarily in management and management-related duties. Women accounted for only 6% of the 6,000 merchants employed on Prince Edward Island in 2021, compared to 7% of the total in 2020.
Indigenous Peoples is another underrepresented group that offers recruitment opportunities for the construction industry in Prince Edward Island. In 2021, approximately 63,700 indigenous peoples were hired in Canada’s construction sector. This represents 9% of all indigenous peoples in the workforce. Further recruitment of indigenous peoples into the state’s construction industry, as indigenous populations are the fastest growing in Canada and indigenous workers appear to tend to pursue careers within the sector. There may be room for more.
The construction industry is also working to hire new entrants to Canada. The state is expected to welcome an average of 2,800 new entrants to Canada each year until 2027. This fact has the potential to make the migrant population a major source of labor growth. As of 2017, newcomers and more established immigrants make up about 3% of the state’s construction workforce.
Increasing the participation of women, indigenous peoples, and new Canadians could help Prince Edward Island’s construction industry address future workforce needs.
BuildForce Canada is a national industry-led organization that represents all sectors of Canada’s construction industry. Its mission is to support the labor market development needs of the construction and maintenance industry. As part of these activities, BuildForce works with stakeholders in key industries such as contractors, construction proponents, worker providers, governments and training providers to impact the workforce capacity of the sector. Identifying both supply and supply trends and supporting career search The number of job seekers who want to work in the industry. BuildForce also focuses on improving workforce skills, increasing workforce productivity, improving training modalities, human resources tools to help adopt industry best practices, and supporting the workforce development needs of the industry. Leading programs and initiatives to support other value-added initiatives that have been applied. Please visit www.buildforce.ca.
For more information, please contact Bill Ferreira (firstname.lastname@example.org or 613-569-5552 ext.), Executive Director of BuildForce Canada. 2220.
This report is based on the support and input of stakeholders in the construction and maintenance industries of various states. Contact the following for local industry reactions to this latest Build Force Canada report.
Prince Edward Island Construction Association
CBJ News Maker
Short-term employment growth at PEI will be offset by a slowdown to 2027. TheCanadianBusiness Journal
Source link Short-term employment growth at PEI will be offset by a slowdown to 2027. TheCanadianBusiness Journal