What is labour market information?
Labour market information (LMI) provides valuable insights into labour market conditions and trends at the local, provincial and national level.
LMI is accurate knowledge, facts and statistics that tell a story about what is happening in a particular place from the perspective of the supply and demand of labour.
LMI is used to:
- Identify labour market supply (our local workforce) / demand (our local employers)
- To profile current labour market conditions
- To understand and recognize trends in the labour market
- To predict outlooks for various occupational groups based on a variety of structural factors (economic, demographic, social, political)
- To provide input for and stimulate further research into informed employment and career decisions
WPH research and publications provide up-to-date labour market information that can help job seekers and employers make informed decisions about careers, education, employment and business plans.
Hamilton's Labour Market
Hamilton’s Industrial Composition:
- In June 2010, there were 27,207 businesses in Hamilton
- 14,121 of which were owner operated
- 12,474 of which were small sized employers (1-49 employees)
- Hamilton’s top sectors based on the total number of businesses as of June 2010 are:
- Professional, scientific and technical services
- Real estate
- Specialty trade contractors
Hamilton’s Labour Force:
- In 2006 Hamilton’s labour force employed 246,340 people
- Predominantly in the 25-44 age range
- 15% of the labour force was 55 years of age or older
- Compared to Ontario, Hamilton has a higher percentage of its labour force with no certificate, diploma or degree or a high school certificate or equivalent
- Hamilton is below Ontario in educational attainment of University related credentials
- Hamilton is above Ontario in educational attainment of apprenticeship or trades certificates or diplomas or College, CEGEP or other non-university certificates or diplomas
- From June 2010 to June 2011, the unemployment rate decreased by 1.9%, which brings the unemployment rate to 5.7% in Hamilton