Job prospects Regulatory Affairs Officer in the Red Deer Region
Explore current and future job prospects for people working as "Professional occupations in business management consulting" in the Red Deer Region or across Canada.
Current and future job prospects
These outlooks were updated on November 29th, 2023. Learn more about outlooks.
Recent trends from the past 3 years
We were not able to determine labour market conditions for Professional occupations in business management consulting in the Red Deer Region over the past few years (2021-2023) because of low employment levels in this occupation.
Source Labour Market Information | Recent Trends Assessment Methodology
Job outlook over the next 3 years
The employment outlook will be good for Professional occupations in business management consulting (NOC 11201) in the Red Deer region for the 2023-2025 period.
The following factors contributed to this outlook:
- Employment growth will lead to several new positions.
- Several positions will become available due to retirements.
- There are a small number of unemployed workers with recent experience in this occupation.
The Conference Board of Canada is forecasting Alberta’s real GDP will expand by 2.6% in 2023 before slowing to 1.9% in 2024. Similarly, they are projecting the labour market to cool in late 2023 and into 2024. Higher for longer inflation may also have some firms rethinking expansion resulting in muted employment growth for this occupation.
An aging workforce transitioning to retirement will create vacancies for job seekers.
Here are some key facts about Professional occupations in business management consulting in the Red Deer region:
- Approximately 260 people worked in this occupation in May 2021.
- Professional occupations in business management consulting mainly work in the following sectors:
- Professional, scientific and technical services (NAICS 54): 31%
- Oil and gas extraction (NAICS 211, 213): 15%
- Management and Administrative Services (NAICS 55-56): 11%
- Chemical manufacturing (NAICS 325): 9%
- Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 8%
Labour market conditions over the next 10 years
Find out what will be the job prospects for Professional occupations in business management consulting across Canada over the next 10 years, from 2022 to 2031.
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