Job prospects Derrick Mechanic in the Red Deer Region

Over the past few years (2021-2023), there was a labour shortage for Construction millwrights and industrial mechanics in the Red Deer Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be good for Construction millwrights and industrial mechanics (NOC 72400) in the Red Deer region for the 2023-2025 period.

The following factors contributed to this outlook:

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

Effects of inflation have increased the cost of residential building and non-residential building costs. BuildForce Canada predicts that health care, education services, pipeline, petrochemical, transit, and other infrastructure projects help to sustain construction employment over the near term. As current major projects wind down, projected stronger levels of oil and gas investment help to raise non-residential employment across the remainder of the forecast period.

Here are some key facts about Construction millwrights and industrial mechanics in the Red Deer region:

• Approximately 450 people worked in this occupation in May 2021.
• Construction millwrights and industrial mechanics mainly work in the following sectors:
  • Other services (except public administration) (NAICS 81): 19%
  • Oil and gas extraction (NAICS 211, 213): 19%
  • Support activities for mining, oil and gas (NAICS 213): 14%
  • Construction (NAICS 23): 10%
  • Mining and quarrying (NAICS 212): 7%

Source Labour Market Information | Prospects Methodology