Job prospects Business Administration Teacher in the Wood Buffalo–Cold Lake Region

Over the past few years (2021-2023), there was a labour shortage for College and other vocational instructors 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 College and other vocational instructors (NOC 41210) 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.
• 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.

The Alberta government’s Budget 2023 increases spending on post-secondary institution compensation by 6.5% from the levels forecasted in 2022-2023. Increases of 2% and 0% are budgeted for 2024-2025 and 2025-2026. Additionally, Alberta is capping tuition increases at 2% annually effective 2024-25.

Here are some key facts about College and other vocational instructors in the Wood Buffalo - Cold Lake region:

• Approximately 300 people worked in this occupation in May 2021.
• College and other vocational instructors mainly work in the following sectors:
  • Educational services (NAICS 61): 67%
  • Oil and gas extraction (NAICS 211, 213): 17%
  • Wholesale trade (NAICS 41): 6%

Source Labour Market Information | Prospects Methodology