An LMIC Guide
Understand what labour market indicators are really telling you
No single indicator tells the full story.
This guide shows how different indicators work together to provide a clearer picture of the labour market.
What you'll learn:
- How to interpret key labour market indicators in context
- What different indicators can tell you about labour supply and demand
- How to use multiple indicators to better understand labour market imbalances
Why this guide matters
We know labour market imbalances exist, but how do we know when they are happening?
Looking at a single indicator can be useful, but it rarely tells the full story. To understand how workers and employers are experiencing the labour market, multiple indicators need to be interpreted together.
This guide helps you understand:
• How easy it is to find a job
• What types of skills are in demand
• When employers struggle to hire
In this guide, you'll learn how key labour market indicators work together to help interpret labour market imbalances and better understand labour market conditions.
About LMIC Guides
LMIC Guides are designed to help Canadians make sense of complex labour market issues. They translate technical research into clear, practical insights that can support better decision-making.