Supply of workers drying up fast

Employment participation at record levels but it won’t last long as workforce ages
By Lesley Young
|CHRR, Report on Recruitment & Staffing|Last Updated: 01/24/2008

Human resource professionals might be a little spooked about the year 2011.

According to often-cited Statistics Canada figures, three years from now employers will wake up and find labour force growth is entirely dependant on new immigrants. That’s because, by 2011, the first wave of Canada’s massive baby boomer cohort (people born between 1946 and 1964) will start turning 65 and retiring en masse.

Shortly thereafter, there will be more workers leaving the workforce than those entering it, says Laurent Martel, a population analyst at the demography division of Statistics Canada in Ottawa.