Explore Careers - Job Market Report
Mathematicians and statisticians research mathematical or statistical theories, and develop and apply mathematical or statistical techniques, for solving problems in such fields as science, engineering, business and social science. Actuaries apply mathematics, statistics, probability and risk theory to assess potential financial impacts of future events. Mathematicians, statisticians and actuaries are employed by universities, governments, bank and trust companies, insurance companies, pension benefit consulting firms, professional associations and science and engineering consulting firms.
actuary, biostatistician, consulting actuary, demographer, insurance actuary, mathematician, statistical analyst, statistician.
- Mathematicians conduct research to extend mathematical knowledge in traditional areas of mathematics such as algebra, geometry, probability and logic and apply mathematical techniques to the solution of problems in scientific fields such as physical science, engineering, computer science or other fields such as operations research, business or management.
- Statisticians conduct research into the mathematical basis of the science of statistics, develop statistical methodology and advise on the practical application of statistical methodology. They also apply statistical theory and methods to provide information in scientific and other fields such as biological and agricultural science, business and economics, physical sciences and engineering, and the social sciences.
- Actuaries apply mathematical models to forecast and calculate the probable future costs of insurance and pension benefits. They design life, health, and property insurance policies, and calculate premiums, contributions and benefits for insurance policies, and pension and superannuation plans. They may assist investment fund managers in portfolio asset allocation decisions and risk management. They also use these techniques to provide legal evidence on the value of future earnings.
Outlook & Prospects for Mathematicians, Statisticians and Actuaries in Bas-Saint-Laurent Region
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
National Outlook ¿ 10-Year Projection (2011-2020)
This section provides labour demand and labour supply projections for this occupation over the 2011-2020 period.
Note: The tables, graphs and middle paragraph shown under this section display updated 2011-2020 projection results. The remaining narrative text (2009-2018 projections) will be updated shortly. We apologize for the inconvenience.
The data in the following table are derived from HRSDC¿s Canadian Occupational Projection System (COPS). COPS uses a variety of models to produce a detailed 10-year labour market projection per broad skill level and per occupation at the national level, which focuses on the trends of labour supply and labour demand over the next ten years.
This occupation (Mathematicians, Statisticians and Actuaries) is part of a larger occupational group called Mathematicians, Statisticians and Actuaries (NOC 216).
|Occupations in this group||
Mathematicians, Statisticians and Actuaries (2161)
|Employment (non-student) in 2010||8,791|
|Median Age of workers in 2010||39|
|Average Retirement Age in 2010||61|
Occupation Projection for Canada
Over the 2008-2010 period, this occupation experienced a large increase in employment, whereas the unemployment rate increased slightly. The average hourly wage, one of the highest among all the occupations, increased more rapidly than the average for other occupations. According to key labour market indicators, the number of job seekers was sufficient to fill the job openings in this occupation.
Over the 2011-2020 period, an occupation will be in excess demand (a shortage of workers) if the projected number of job openings is significantly greater than the projected number of job seekers. An occupation will be in excess supply (a surplus of workers) if the projected number of job openings is smaller than the projected number of job seekers. For Mathematicians, Systems Analysts And Computer Programmers, over the 2011-2020 period, job openings (arising from expansion demand and replacement demand) are expected to total 2,909 and 3,137 job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill the job openings.
Based on projections and considering that labour demand and supply in this occupation were balanced over the 2008-2010 period, it is expected that the number of job seekers will be sufficient to fill job openings over the 2011-2020 period. Job openings will arise from both economic growth and retirements, despite a retirement rate below the average for all occupations. The retirement rate will be low because workers in this occupation are generally younger than those in other occupations. Job growth will be on par with the average for all occupations. With regard to labour supply, the majority of job seekers will come from the school system, given the nature of the occupation.
This Chart contains data for Projection of Job Openings vs. Job Seekers for Canada. Information is available in the following tables.
|Other Replacement Demand||215||7%|
|Projected Job Openings||2,909||100%|
|Projected Job Seekers||3,137||100%|
In which industry or sector do people in this occupation find jobs in Canada?
This table shows the industry and sectors employing the highest number of people in this occupation.
|Industry / Sector||%|
|Professional, scientific and technical services||30.80|
|Finance and insurance||24.60|
|Health care and social assistance||5.20|
What percentage of people in this occupation are members of a union?
This occupation (Mathematicians, Statisticians and Actuaries) is part of a larger group called Mathematicians, Statisticians and Actuaries (NOC 216). According to the Labour Force Survey (2012), the unionization rate for this group was 39%, while the unionization rate for all occupations was 32%.
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