Canada is experiencing a labour shortage and many of the unfilled positions during Q3 were from the oil and natural gas industry. The upstream and midstream sectors of the industry employed over 176,000 people, a 3% increase from Q2. However, the labour shortage isn’t due to a growing industry. Overall, the oil and gas industry employment is tracking below 2016 numbers.
Despite increasing production, busier rig activity, and relatively higher oil prices, job recovery continues to be dampened by cautious investment and wide-scale efforts to improve profitability. The labour shortage... Continue reading