Area of Impact
Workforce
Indicator
Workforce Sufficiency
Integrated Policy & Action Areas
C5.1
Economic Capital
C5.2
Human, Social, & Environmental Capital
C5.3
Business Development
C5.4
Innovation & Technology
Reporting Period Data
Period | Score |
---|---|
2016 | 95% |
2017 | 95% |
2018 | 94% |
2019 | 94% |
2020 | 94% |
2021 | 94% |
2022 | 93% |
2023 | 94% |
Sustainability End Goal
There is a sufficient workforce (i.e., people of working age between 15 and 64) to meet the community’s needs. It is currently hard to scientifically determine the appropriate size of the workforce needed to meet the city’s needs. Given B.C.’s economy is generally considered healthy, its working age population ratio is being used as a proxy ideal.Metric
Percentage of population that is of working age (15-64 years old) in NanaimoPercentage of population that is of working age (15-64 years old) in BC
How The Score Is Calculated
If 63% of the Nanaimo’s population and 67% of the province’s population is of working age respectively, the score is 63%/67%=94%.Indicator Data
Rationale and Analysis
Why We Measure This
Understanding our city’s working age population and how it changes over time matters because it shows Nanaimo’s economic prospects. If the working age population is declining over time, there will be fewer workers to fill future jobs. There will also be fewer workers to pay taxes and provide vital services. If the working age population is growing, the city will need to attract businesses to create new jobs.How We Measure It
Statistics Canada provides workforce population data every 5 years. The City also collects estimated workforce population data from Environmental Systems Research Institute for other years.
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