Job prospects Economic Development Officer in Newfoundland and Labrador

Explore current and future job prospects for people working as an "economic development officer" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Business development officers and market researchers and analysts (NOC 41402) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of a few positions.
• A moderate number of positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

Here are some key facts about Business development officers and market researchers and analysts in Newfoundland and Labrador:

• Approximately 400 people worked in this occupation in May 2021.
• Business development officers and market researchers and analysts mainly work in the following sectors:
  • Provincial and territorial public administration (NAICS 912): 23%
  • Federal government public administration (NAICS 911): 13%
  • Computer systems design services (NAICS 5415): 12%
  • Printing and related support activities (NAICS 323): 7%
  • Religious, grant-making, civic, and professional and similar organizations (NAICS 813): 6%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 83% for all occupations
  • Part-time workers: 7% compared to 17% for all occupations
• 77% of business development officers and market researchers and analysts work all year, while 23% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 40 weeks for all occupations.
• 7% of business development officers and market researchers and analysts are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 59% compared to 51% for all occupations
  • Women: 41% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: 13% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 6% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 20% compared to 23% for all occupations
  • bachelor's degree: 42% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: 17% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology