The following factors can influence the likelihood of being hired:
Supply and demand: How many jobs are there?
Language abilities: Do you need to be bilingual?
Seasonal fluctuations: Is this work more in demand at certain times of year (e.g. landscaping)?
Population: Is the demand increasing or decreasing based on population patterns?
Economy: Do economic factors influence job prospects?
Technological advances: Has the field been impacted by technology (e.g. online shopping)?
Skills and abilities: What skills and abilities are essential?
Labour market information (LMI) provides data on a number of employment industries. Labour market information can tell you many different things, including job trends, the jobs and skills employers are looking for, which industries are hiring, where jobs are located, and areas of job growth or decline -- in other words, it’s an excellent tool in career planning!
The Learning Portal. (2017, August 2). Introduction to labour market information [Video]. YouTube. https://youtu.be/ILJ1OhLAKbl
Make sure to get your information from reputable resources, like government websites or professional associations. If you're unsure about a resource, evaluate it for quality.
Labour market information can help you make an informed program or career choice, but you also need to consider your interests and needs.
Most people do not start working in their dream job right away. You might need to move, take a lower-paying job, and work your way up.
Predictions are not facts. Many variables can affect the job market -- for example, changes in technology can cause a boom or a bust in an industry.
Don’t limit your research to one career area. College provides you with a transferable skill set that will make you a strong candidate for lots of different jobs.