CareerWise Explores LMIC’s Latest Report

​This article in CareerWise offers a compelling examination of how online job postings (OJPs) can serve as a dynamic tool for understanding Canada’s evolving labour market. The analysis by LMIC, which reviewed over three million postings in 2023, highlights that while there are 4,552 unique skills identified, a significant 84% appear in less than 0.02% of postings. This suggests a high concentration of demand for a select set of skills, notably soft skills like teamwork, communication, and customer service.​

The article also sheds light on the limitations of OJPs, such as the tendency of employers to list more qualifications than necessary and the underrepresentation of certain sectors like skilled trades. Despite these challenges, the use of methodologies like frequency analysis and Normalized Pointwise Mutual Information (NPMI) provides valuable insights into skill associations and emerging trends.​

For career development professionals, this data is invaluable. It enables more precise guidance for jobseekers and informs workforce strategies that are responsive to real-time market demands. As the labour market continues to evolve, leveraging the insights from OJPs will be crucial in aligning education, training, and employment initiatives with the actual needs of employers.​