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March 2011 Alberta Economic Fundamentals

Ally

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Oilpatch faces new labour crunch




Alberta could see jobs in the oilpatch double over the next decade if commodity prices stay strong, leading to a labour crunch rivalling that of the last boom cycle, according to an industry council.




The shortage in skilled workers already is being felt and will continue across the Canadian oilpatch regardless of commodity prices and activity levels in the oil and gas industry, a report released Tuesday by the Petroleum Human Resources Council of Canada warned.




"We are headed toward a severe labour shortage, regardless of future energy prices and industry activity," said Cheryl Knight, council chief executive. "Our industries will need to be prepared to face a labour shortage more severe than what we experienced in 2007."




The report forecasts a labour force of about 130,000 workers will be needed to fill new jobs and keep pace with retirements.





Read the full article here.
 
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