N.W.T. Labour Market Information Resource Module 1: Present Economic Outlook

The Conference Board of Canada, 21 pages, April 1, 2022
Issue Briefing
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The Labour Market Information Resource 2.0 for the Northwest Territories is made up of six modules. Each looks at specific factors—such as economic growth and education—that will determine the health and shape of the N.W.T. labour market between 2021 and 2040.

Document Highlights

  • Several key challenges affect the territorial economy’s immediate and longer-term prospects, including COVID-19, a changing mining sector, out-migration, an aging population, and resident skills shortages.
  • The Government of the Northwest Territories is working with its partners and stakeholders to spark a territorial knowledge economy. An urgent driver of the territory’s desire to invest in new research and education is climate change adaptation.
  • The territory’s rich Indigenous heritage and collaborative approach to governance requires unique made-in-the-N.W.T. approaches to economic recovery, renewal, and skills transformation. In the context of UNDRIP and reconciliation in Canada, the territory also has an opportunity to lead by example.
  • The severity of current economic conditions limits near-term GDP and job growth. More efforts to promote economic diversity and renewal could spur new employment growth.

Table of Contents

Key Findings
A Changing Mining Sector
Demographics and Tax Base
Knowledge Economy
Indigenous Rights and UNDRIP
Infrastructure
Government Responses to COVID-19

Appendix A—Methodology

Appendix B—Bibliography

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