Atlantic Canada’s bio-economy is likely to require 3,300 additional workers by 2029. Companies will be challenged to fill positions due to its relatively small size in a highly competitive national labour market that tends to attract candidates to larger urban centres. Management, finance and administration capacity will be a particularly urgent area of need across all sub-sectors.
As domestic university degree completions are expected to decline throughout the forecast period, strategies other than recruiting new graduates will be needed to meet the demand for labour — such as recruiting skilled immigrants and looking beyond traditional talent pools.
The Atlantic Canada bio-economy has a tremendous opportunity to seek talent from under-represented groups. On average, women make up roughly one-third (31%) of Atlantic Canada’s bio-economy workers overall. Other equity-seeking groups have less representation: internationally educated professionals make up 16% of the bio-economy workforce, visible minorities and recent immigrants represent 10% of the workforce each, and Indigenous workers and people with disabilities each make up just 1% of the bio-economy workforce.
Building on Sequencing the Data, the last national full LMI study conducted in 2013 , this new national study gives a much-needed update on the complex, multi-dimensional bio-economy, the companies within it, and the skills and talent they require. Its insights are based on surveys, stakeholder roundtables and interviews, an environmental scan and extensive data analysis.
The Close-up on the bio-economy LMI series is published as part of BioTalent Canada’s mission to provide bio-economy stakeholders with valuable, evidence-based labour market intelligence and job-ready human resources.
It also includes:
- A Demand and Supply Outlook
- Regional spotlights (Atlantic Canada, Quebec, Ontario, Prairies, Western Canada)
- Metro hub spotlights (Greater Montreal, Greater Toronto Area, Metro Vancouver)
- Research briefs on topics such as bio-economy education and work-integrated learning
Visit biotalent.ca/LMIStudy to download these and other LMI reports, briefs and articles.Download