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The report quantifies economic losses from persistent mismatches between labour supply and demand and identifies where excess vacancies remain elevated for high-skill roles. It estimates gaps in engineering, technical occupations, nursing and therapy, healthcare specialists, skilled trades, and education-related jobs. 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We believe Canadians should feel confident about the skills they have to succeed in a changing workforce. As a pan-Canadian community, we are collaborating to rigorously identify, test, measure, and share innovative approaches to assessing and developing the skills Canadians need to thrive in the days and years ahead.  \nThe Future Skills Centre was founded by a consortium whose members are Toronto Metropolitan University, Blueprint, and The Conference Board of Canada.  \nIf you would like to learn more about this report and other skills research from FSC, visit us at fsc-ccf.ca or contact [info@fsc-ccf.ca](info@fsc-ccf.ca).  \n[fsc-ccf.ca](fsc-ccf.ca)  \nIn partnership with:  \nFunded by the Government of Canada’s Future Skills Program  \nContents  \n4  \nKey findings  \n5  \nActionable insights  \n6  \nCanada needs more skilled worker  \n7  \nLabour shortages remain a challenge  \n9  \nWorkers don’t have the skills we need right now  \n11  \nMarkets won’t solve widespread shortages on their own  \n13  \nShortages of higher-skilled workers hurt productivity  \n14  \nCanada needs technical skills and health expertise  \n19  \nMigration-side fixes are available  \n21  \nCanada needs a coordinated approach to solving labour shortages  \n23  \nAppendix A  \nTechnical Methodology  \n27  \nAppendix B  \nBibliography  \nThe Conference Board of Canada 3  \nFrom Shortages to Solutions  \nKey findings  \n• The mismatch between Canada’s skilled worker labour supply and demand cost the economy $2.6 billion in 2024, reducing aggregate productivity growth by 0.1 percentage points.  \n• Canada is short 64,000 skilled workers in engineering, technical occupations, higher-skill goods, and other higher-skill services. Each excess vacancy costs the Canadian economy an estimated $40,400 .  \n• While the overall Canadian labour market has stabilized since the 2022 peak in excess demand, excess vacancies remain unusually elevated for some high-skill roles.  \n• The largest shortages are in healthcare, with over 16,170 excess vacancies in nursing and therapy professions and 12,460 for technical specialists in healthcare. Additionally, there are 10,250 excess vacancies for skilled trades and 1,750 for engineering occupations. In education and social services, the 17,100 excess vacancies among teachers, early childhood educators, and social workers further strain essential service delivery.  \n• A total of 80 per cent of vacant positions require formal  \npost-secondary training. Two-thirds of these vacancies require non-university credentials, such as college and trade certifications.  \n• The current number of apprentices and nursing graduates will not address the shortages in skilled trades and nursing. Training must be expanded and targeted recruitment of new Canadians is needed.  \nThe Conference Board of Canada 4  \nFrom Shortages to Solutions  \nActionable insights  \nFor university and college leaders Expand select programs to meet labour market needs. At the university level, this includes programs in registered nursing, allied health diagnostics, and human development, family studies, and related services. For college and apprenticeships programs, our findings support the expansion of practical nursing, electrical and power transmission installers, and vehicle maintenance and repair technologies programs.  \nImprove graduation rates and employment outcomes for students through targeted and expanded student supports.  \nFor the federal government Rebalance the points-based immigration scoring system to put more weight on experience in the skilled trades and other technical occupations, while reducing the weight given to holders of university degrees.  \nPrioritize permanent resident","cbCaipTVK9AoCMdt","https://ap.wps.com/l/cbCaipTVK9AoCMdt","pdf",2175524,"English","# Key findings\n## Actionable insights\n## Canada needs more skilled workers\n## Labour shortages remain a challenge\n## Workers don’t have the skills we need right now\n## Markets won’t solve widespread shortages on their own\n## Shortages of higher-skilled workers hurt productivity\n## Canada needs technical skills and health expertise\n## Migration-side fixes are available\n## Canada needs a coordinated approach to solving labour shortages\n# Appendix A\n## Technical Methodology\n# Appendix B\n## Bibliography","[{\"question\":\"What problem does the report address?\",\"answer\":\"The report addresses Canada’s workforce gap created by shortages of skilled workers, particularly in healthcare, skilled trades, and technical occupations, and the resulting skills mismatch between labour supply and demand.\"},{\"question\":\"How does the report quantify the impact of labour and skills mismatches?\",\"answer\":\"It estimates the mismatch in Canada’s skilled worker supply and demand cost the economy $2.6 billion in 2024 and reduces aggregate productivity growth. It also estimates economic costs per excess vacancy.\"},{\"question\":\"What actionable solutions are recommended for different stakeholders?\",\"answer\":\"It recommends expanding and targeting training and student supports for university/college leaders, and for the federal government adjusting immigration scoring, prioritizing pathways for international graduates, expanding foreign credential recognition, and collaborating with provinces to develop targeted streams.\"}]","From Shortages to Solutions - Tackling Canada’s Critical Gaps in Healthcare, Trades, and Tech - Impact paper - March 31, 2025 | PDF",1791016694,76]