A Labour Force Capacity Study was updated in 2013 to investigate and analyse the Alberta HUB labour force to create efficiencies for – and retain – existing businesses, and recruit new business ventures. The Study captures recent labour information such as Industry and Employment Growth Trends, Wages, and Education for the Alberta HUB region, among other relevant labour force data. See study highlights below.
Labour Force Highlights
- Key industries operating in the region with the highest share of overall employment are Oil, Gas and Mining Extraction, Retail Trade, Construction, Health Care, Public Administration, Agriculture, and Education.
- The Alberta HUB labour force participation rate of 78.2% has been trending higher over the last seven years and is currently among the highest in Alberta and Canada.
- Current unemployment in the HUB region continues to remain lower (3.8%) than the province average (4.6%) and it is anticipated that this rate will continue to decrease to below 3%.
- Occupations unique to the Oil and Gas industry have high anticipated growth rates; however, other industry occupations are expected to grow at a similar pace: Trades, Transport and Equipment Operators and Related; Business, Finance and Administrative; and Sales and Service.
- Accommodation and Food Services related occupations had the highest combined vacancy rates in 2013 leading to the need for a short term action plan to address the segment’s labour needs.
- Wages in the Business Support, Accommodation and Food Services, Other Services and Retail Trade industries are being driven up by competitive wages in the Oil Sands labour market.
- Oil Sands investments will reach an estimated $19 billion in the Alberta HUB region by 2017, which reinforces the expected population and labour boom that is expected to follow.
- The average household income was approximately $49,000 for Alberta HUB communities compared to $51,000 provincially.
- Alberta HUB has two comprehensive community colleges with about 3,222 students enrolled and 1,504 graduates in 2011/2012. There is also a specialized First Nations university in the region.
- A higher proportion of HUB community residents have obtained college certificates/diplomas and apprenticeship and trades certificates/diplomas compared to the rest of the province.