Archive for April 8th, 2019

Uncertainty for Canada’s oil and gas workforce will continue with market access constraints

Posted April 8, 2019 by Blog AdministratorLabour Market Information, Labour News, PetroLMI News

Canada’s direct oil and gas workforce has become much leaner, shrinking from a peak of about 226,500 jobs in 2014 to forecasted employment of 173,300 in 2019 – a 23% drop over the five-year period, according to a new report released today.

The oil and gas industry saw the labour market flatten following the 2014-2016 commodity price collapse with direct employment ending 2018 at about 185,800, down slightly from the 186,300 workers at the end of 2016. In 2019, about 12,500 jobs are at risk due to several factors, including low commodity prices, a decline in capital spending and u... Continue reading