CPABC in Focus November/ December 2015 | Page 20

of 11.5% for the population as a whole.6 And BC’s Aboriginal population is young, with a median age of 28.9 years in 2011, compared to a median age of 41.9 years among the overall population that same year.7 Given these stats and the fact that there will be growing demand for young workers over the next few decades, it’s understandable that Aboriginal workers are being regarded as part of the solution to BC’s impending labour market shortage. For now, however, the labour market participation of Aboriginal workers lags far behind that of non-Aboriginal workers, despite some improvement in the past decade. Between 2009 and 2014, off-reserve Aboriginal employment in BC rose from 69,200 to 82,400, signifying a five-year growth rate of 19.1%8; compare this to a tepid growth rate of 3.5% among non-Aboriginal workers during the same period.9 The unemployment rate among off-reserve Aboriginal workers in BC remains high, however, standing at 12.3% in 2014 compared to 5.8% for non-Aboriginal workers.10 And the unemployment rate among on-reserve Aboriginals also remains high—in 2011, it was 27.2%, compared to an unemployment rate of only 7.4% among nonAboriginals provincewide.11 Moreover, Aboriginal unemployment rates in BC’s isolated northern communities have averaged even higher, ranging between 20% and 42% in 2013 alone.12 The good news is that the longer-term prospects for young Aboriginal workers are promising. The provincial government projects that 985,100 jobs will open up in BC between 2012 and 2022, with over half stemming from the retirement of existing workers and the remainder stemming from economic expansion. Approximately 90% of these new jobs will be generated in the Southwest BC, Vancouver Island/Coast, and Thompson-Okanagan Development Regions.13 And while smaller in absolute terms, job creation is expected to occur most rapidly in the Northeast, North Coast, and Nechako Development Regions, as proposed resource projects go ahead.14 These projects represent a major opportunity for young Aboriginal workers to obtain skills training, find long-term employment, and bring income benefits home to their communities. With the right credentials, young workers will be able to fill these new positions. The question for BC is this: How are Aboriginal youth being prepped to take advantage of the coming employment opportunities and fully engage in the labour force? Calculated by the author. According to Statistics Canada’s NHS Focus on Geography Series – British Columbia, BC’s population was 4,324,460 6 in 2011; according to the 2006 Census of Canada, BC’s population was 3,878,310 in 2006. Statistics Canada, NHS Focus on Geography Series – British Columbia, 2011. Accessed July 2015. 7 Statistics Canada, Labour Force Survey Estimates (custom data). Please note that the Labour Force Survey does not gather employment 8 statistics from First Nations reserves. Ibid. 9 Ibid. 10 The National Aboriginal Economic Development Board, The Aboriginal Economic Progress Report 2015, June 2015. (cfarsociety.ca) 11 Ravina Bains, “Opportunities for First Nation Prosperity Through Oil and Gas Development,” Studies in Energy Transportation, Fraser Institute, 12 November 2013. Work BC, BC 2022 Labour Market Outlook, workbc.ca, accessed February 2015. 13 Ibid. 14 INSOLVENCY – BANKRUPTCY – RECEIVERSHIP Does your corporate client have financial issues? Whether short or long term, we can help your client consider their options. We provide advice on insolvency, bankruptcy and receivership. Call to set up a consultation. Langley Office Brad Martyniuk d 604.484.3068 20  CPABC in Focus • Nov/Dec 2015 Vancouver Office 400, 8621 - 201 St 1800, 401 West Georgia St Langley, BC V2Y 0G9 Vancouver, BC V6B 5A1 T 604.888.5811 T 604.687.1323 www.lklaw.ca