The number of active job postings in the Oil and Gas sector of Canada increased by 5.75% MoM, and decreased by 8.63% since October 2023, reaching 1,250 active job postings in January 2024.
A total of 515 new jobs were posted in January 2024, witnessing an increase of 16.78% as compared to the previous month. On the other hand, 447 jobs were closed in the same month implying that companies took out 28.93% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 25.36% and the number of jobs closed decreased by 37.22%
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a negative growth rate of 9.29%, the number of active job postings observed a negative growth rate of 2.96% and the number of jobs closed observed a negative growth rate of 14.37%. Between October 2023 and January 2024, the average number of jobs posted stood at 596, number of jobs closed stood at 631 and number of active jobs stood at 1,292.
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