Labour Market Trends and Outlooks for Regulated Professions in Ontario

Source: 
Higher Education Quality Council of Ontario (HEQCO)

A new study from the Higher Education Quality Council of Ontario finds that attempts to manage the education, law, medicine, nursing, architecture and engineering professions have resulted in swings between under-supply of new entrants and over-supply of graduates.

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The study Labour Market Trends and Outlooks for Regulated Professions in Ontario examines enrolment, graduation trends and labour market outcomes for graduates of professional programs in education, law, medicine, nursing, architecture and engineering.

Sources include: membership data from professional regulatory bodies; Statistics Canada's Labour Force Survey, National Household Survey and National Graduates Survey; administrative data compiled by the Ontario Fairness Commissioner; enrolment and graduation data; Stokes Economic Consulting's Provincial Occupational Model; and supply and demand forecasts by Prism Economics and Analysis.

The study finds that while imbalances between supply and demand exist in the six regulated professions examined, the causes, extents and impacts differ across the professions.