Job prospects Derrick Mechanic in Prince Edward Island

Explore current and future job prospects for people working as a "derrick mechanic" in Prince Edward Island or across Canada.

Job opportunities in Prince Edward Island

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Construction millwrights and industrial mechanics (NOC 72400) in Prince Edward Island for the 2023-2025 period.

The following factors contributed to this outlook:

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

The growth in electronic and robotic components in industrial equipment may have an impact on the employment prospects of workers in this occupation. Prospects will be best for skilled workers who are familiar with automated and robotic systems.  In spite of the increasing use of electronic components in industrial machinery, employment growth in the manufacturing sector is expected to improve the employment prospects of construction millwrights and industrial mechanics.

Here are some key facts about Construction millwrights and industrial mechanics in Prince Edward Island:

• Approximately 350 people work in this occupation.
• Construction millwrights and industrial mechanics mainly work in the following sectors:
  • Food, beverage and tobacco product manufacturing (NAICS 311, 312): 44%
  • Machinery manufacturing (NAICS 333): 16%
  • Construction (NAICS 23): 12%
  • Chemical manufacturing (NAICS 325): 9%
  • Utilities (NAICS 22): 8%
• 63% of construction millwrights and industrial mechanics work all year, while 37% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 45 weeks compared to 41 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: more than 95% compared to 51% for all occupations
  • Women: less than 5% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: 7% compared to 11% for all occupations
  • high school diploma or equivalent: 17% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 31% compared to 11% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 34% compared to 25% for all occupations
  • bachelor's degree: n/a
  • university certificate, degree or diploma above bachelor level: n/a