Job prospects Maintenance Mechanic, Oil Tools in the Wood Buffalo–Cold Lake Region

Over the past few years (2021-2023), there was a labour shortage for Construction millwrights and industrial mechanics in the Wood Buffalo–Cold Lake Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be good for Construction millwrights and industrial mechanics (NOC 72400) in the Wood Buffalo - Cold Lake region for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to several new positions.
• Several positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

Effects of inflation have increased the cost of residential building and non-residential building costs. BuildForce Canada predicts that health care, education services, pipeline, petrochemical, transit, and other infrastructure projects help to sustain construction employment over the near term. As current major projects wind down, projected stronger levels of oil and gas investment help to raise non-residential employment across the remainder of the forecast period.

Here are some key facts about Construction millwrights and industrial mechanics in the Wood Buffalo - Cold Lake region:

• Approximately 690 people worked in this occupation in May 2021.
• Construction millwrights and industrial mechanics mainly work in the following sectors:
  • Oil and gas extraction (NAICS 211, 213): 42%
  • Paper manufacturing (NAICS 322): 25%
  • Construction (NAICS 23): 7%
  • Wholesale trade (NAICS 41): 6%
  • Machinery manufacturing (NAICS 333): 6%

Source Labour Market Information | Prospects Methodology