Retirements are expected to create the largest share of job openings till 2028. PHOTO by Pexels.
Welding is among the highest-paying skilled trades in the country and one of the most in demand occupations. How long can we expect the shortage of skilled labour to continue? Let’s go Inside the Numbers to find out.
Projections from CWB Group don’t look promising.
The industry will continue to encounter a shortage of welders as baby boomers head towards retirement, CWB Group warns in its Welding Industry Report 2022. Retirements are expected to generate by far the largest share of job openings.
It is anticipated that over the period of 2019-2028, the number of job openings will reach approximately 23,200 while the number of job seekers (school leavers, immigration) is expected to total 25,000, according to CWB Group.
“As job openings and job seekers are projected to be relatively similar over the 2019-2028 period, the labour shortage conditions seen in recent years are expected to continue over the projection period,” CWB Group concludes.