Job prospects Analyst, Information Technology (IT) in the Wood Buffalo–Cold Lake Region

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Over the past few years (2021-2023), there was a labour shortage for Information systems analysts and consultants in the Wood Buffalo–Cold Lake 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 Information systems specialists (NOC 21222) in the Wood Buffalo - Cold Lake 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.

In 2023 there were more than 3,000 technologies companies in Alberta, many of them located in Calgary. The Alberta tech industry has grown and diversified greatly in recent years, and had developed into an ecosystem with strong digital, digital heath, life sciences, and artificial intelligence (AI) sub sectors. 

In addition, for the fifth consecutive year, the province experienced record-breaking venture capital investment in 2022, a trend that will likely continue. 

Finally, Alberta Innovates, Alberta Enterprise Corporation (AEC) and regional partners have joined forces to launch Start Alberta, a pan-provincial scaleup and growth accelerator program, as part of a broader vision to strengthen Alberta’s innovation ecosystem.

Here are some key facts about Information systems specialists in the Wood Buffalo - Cold Lake region:

• Approximately 120 people worked in this occupation in May 2021.
• Information systems specialists mainly work in the following sectors:
  • Professional, scientific and technical services (NAICS 54): 27%
  • Retail Trade (NAICS 44-45): 19%
  • Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 17%
  • Educational services (NAICS 61): 15%
  • Oil and gas extraction (NAICS 211, 213): 12%

Source Labour Market Information | Prospects Methodology