Page 9 - Labour Market Information Bulletin - 2020 Volume 01

INTRODUCTION

Generally, in a market place there are three key
factors namely, demand, supply and price which
determine shape and the very existence of the
particular market. This is common for labour
market too. Labour market is an intangible place
where those who are in search of the labour and
those who are able and willing to supply the labour,
meet together.

Demand for labour is the number of employment
opportunities available in the public and private
sector institutions in and outside of the country.
Supply of the labour represents the number of
persons enter into the world of work from schools,
universities, and technical and vocational training
institutions. Price of the labour reflects the wage
rates at which the Sri Lankan labour is exchanged
locally and internationally.

This bulletin presents the labour market information
such as demand for labour, labour force, employment,
unemployment, wages and vocational training
school and university performance in the Sri Lankan
labour market. It reflects the characteristics, current
trends and patterns of the Sri Lankan labour
market.

Labour market information contained in this bulletin
will be important for policy makers and planners
at various levels in the Technical and Vocational
Education and Training (TVET) sector of the country.
Employers, job seekers, trainees and career guidance
agencies will find this information valuable for the
researchers in the particular sectors.

Labour market information presented in this bulletin
is a result of the analysis done on the data
collected and tabulated from the sources of Tertiary
and Vocational Education Commission,Technical
and Vocational Education and Training providers,
Department of Census and Statistics, Board of
Investment and the Foreign Employment Bureau
of Sri Lanka. These organizations deserve
appreciation for timely supply of data pertaining
to demand for and supply of Labour.

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