Quote:
Originally Posted by OldDartmouthMark
Just out of curiosity, where are the strongest areas of growth that are adding all the new non oil/gas jobs in Calgary? I was last there 10 years ago and am interested in how it has changed since then.
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IT, Fintech, and warehousing/distribution is driving a lot of it, but a lot of industries all around seem to be adding jobs.
From what I've seen the jobs that are replacing oil and gas aren't the stereotypical high paying oil and gas jobs, but more of a wider pay scale spectrum. Which is fine by me, I like to see job diversity. I don't celebrate people being laid off from oil and gas, but in Calgary's case it's been probably as good as can be expected. A few hundred here, a few hundred there kind of thing. A lot of early retirements, and a lot simply replaced by technology.
For example in the case of Imperial Oil that Logan had mentioned, there will be 700 and some layoffs over a two year period, with some of those jobs coming back as contractors, so more or less a gradual downsize.
It's hard to get exact numbers for jobs and how they tied into oil and gas. With many of these industries there have been ups and downs over the past 9 years (I couldn't get like for like data earlier than 2016), but the two charts do a reasonable job of summing up the past 9 years so we can see where the job market is coming and going.
In 2016 see Calgary's total employment force at 685K, with oil and gas at 49K - down from 54K a year earlier, due to oil and gas getting crushed in 204/2015.
Today we the working labour force at 858k and oil and gas still hovering around 49k in 2024, but taking a hit over the past year. Oil and Gas is not dying rapidly, but it's not growing or going anywhere. The stats that jump out for increases over the past 9 years would be:
Professional scientific and technical services 57K -> 104K.
Public Administration 19K -> 38K
Healthcare 78k -> 104K
Transport Warehousing 41K -> 58K
F.I.R.E. 35K -> 56K
Basically almost every sector is up except oil gas, mining and extraction