PETROLEAGUE IS A TEAM OF OIL FIELD PROFESSIONALS WITH GLOBAL EXPERIENCE COLLABORATED TOGETHER TO BUILD A CAREER PORTAL SPECIFICALLY TO HELP OIL FIELD WORKERS WHO ARE INTERESTED IN JOINING OIL INDUSTRY BY PUTTING THEIR CAREERS DEVELOPMENT ON FAST TRACK BY PROVIDING AN INTEGRATED PLATFORM FOR ALL THEIR NEEDS.

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Huge Shortage of Labour in Canada Oil and Gas Industry

2018-01-07 | 10pm

During Q3, there is huge labour shortage in Canada from the oil and natural gas industry. Approximately 176, 000 people have been employed in both the upstream and midstream sectors of the industry which is a 3% increase from Q2. The major cause of the shortage of labour is not the growing industry. The employment industry of oil and gas sector is tracking below 2016 numbers. Although there is considerable rise in production, busier rig activity and higher oil prices, still there is no job recovery. It is further reduced by careful investment as well as immense efforts to increase the profitability. One of the major reasons for the shortage of labour is the availability of fewer people to the oil and gas labour market. However, the unemployment rate has been declined considerably from 5.4% in the second quarter to 3.9% in the third quarter. The tightest labour market is in the British Columbia having 100% labour force working, whereas Alberta and Saskatchewan are at 97%, and Atlantic Canada at 93%. Due to the low unemployment rates, there is tightening of labour market which stops growth in job sector as well as entire industry recovery. There is huge probability that companies will try to fill the vacant position with fresh entrants to the industry or they may recover workers that have been laid off during the downturn, as some might have moved to some other industries. They also might look into varied regions with unemployed workers.  .