Review of best practices in labour market forecasting with an application to the Canadian Aboriginal population /

At this stage of the feasibility report, the main tasks include assessing the scope and quality of urban Aboriginal labour market supply and demand information in Canada and reviewing the best practices of existing approaches to labour market supply and demand modeling. [...] Moreover, it details the main critiques of the manpower requirements approach and discusses the proper usage and interpretation of the resulting labour market information. [...] The detailed descriptions of the COPS model presented in the next section prove useful for clarifying some of the more opaque aspects of the MRA. [...] The subsequent section concludes with a discussion of the US Bureau of Labor Statistics’ method, as well as a brief overview of some of the other models that are used elsewhere in the world. [...] Since the elasticity of substitution between different kinds of labour is a measurement of the relationship between the supply of workers across occupations, this assumption amounts to a belief that the “potential supply of workers in other occupations, even occupations requiring similar skill sets” is not important in the determination of future imbalances in a specific occupation (El Achkar, 201