Talent Development Centre

Regional Job Market Update for British Columbia (November 2019)

Cameron McCallum By Cameron McCallum,
Regional Vice President at Eagle
Downtown Vancouver Sunset
Downtown Vancouver Sunset” by Magnus Larsson is licensed under CC BY-SA 2.0

According to Central1, the BC economy continues to be one of the strongest in Canada and a couple of key indicators were quite positive in October. Employment numbers were up 0.6% which represents 15,300 persons or nearly 2.57 million persons seasonally adjusted. Most of this uptick came from the Vancouver Metropolitan Area (28,000 persons) and the news wasn’t so positive in other parts of the province where the natural resources, goods producing and manufacturing sectors all showed weakness. Interestingly, real estate sales in the lower mainland which had showed signs of weakening after government-introduced impediments is showing signs of a rebound, and MLS sales climbed for the 7th time in the past 8th months. BC’s unemployment rate at 4.7% remains the country’s lowest followed by Quebec at 5%. Low unemployment rates suggests a tight labor market and here at Eagle, the challenge to meet our clients’ demands means we need to use all tools at our disposal to reach an often “passive” candidate pool who in turn, have the luxury of picking and choosing which opportunities to pursue.

With all this in mind, BC continues to be an exceptional place to be if you are working in the IT/IM sector. Jobs remain plentiful in the public and private sectors as organizations pursue their own brand of digital transformation in an effort to better deliver value to their customers. This might be focused internally on projects that help an enterprise better manage their data (Business Intelligence) or in how a firm manages their IS, as either on premise, cloud or a hybrid solution. And because this technology impacts so many organizational domains, it in turn fuels other initiatives needed to support the transformation and this seeds other projects.

What makes these projects so exciting is that the technologies being employed are somewhat newer and experience — or even better, expertise — with that tool immediately puts you in demand. This might involve technologies associated with the Microsoft stack and Azure and feature products like SSIS, SSRS and Power BI. Or, if the project is using open-source utilities, you might be noticing expertise is required with Hadoop, Spark, Scala, Kafka or Hortonworks.

Speaking of software companies and products, BC continues to be a hotbed of established and younger IT product and services companies, perfect for the new grad or experienced Software Engineer. In fact, in a list published November 8th, Deloitte announced the 2019 winners of its Technology Fast 50, Companies-to-Watch and Enterprise Fast 15 Programs and 10 of the top 50 were BC Tech companies (2nd only to Ontario).

BC remains a strong market for IT professionals and the myriad selection of projects that require top resources does not seem to be abating, especially in the lower mainland. The extra work for IT professionals is the never-ending onus to upgrade and keep your skills and experience relevant and that can be a challenge.

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