These comments apply to the career grouping of Other Engineers, which includes Biomedical Engineers.
Your work prospects are rated FAIR because:
Over the 2006-2008 period, employment and wage growth in this occupation were strong and the unemployment rate remained relatively low, despite the fact that it rose as a result of the recent recession and the decline in certain manufacturing sectors. This suggests that there were fewer job seekers than job openings. That is, there was a labour shortage in this occupation. It is also important to note that this occupational group includes many types of engineers, including industrial and manufacturing, mining, aerospace, information technology and computer engineers, and that these types of engineering are not necessarily interchangeable. Thus, many unemployed engineers who are specialized in a certain area (e.g. industrial and manufacturing engineering) are unable to work in other specialized engineering occupations (e.g. computer engineering).
For Other Engineers, over the period of 2011-2020, job openings are expected to total 36,011. It is expected that 37,852 job seekers will be available to fill these job openings.
Based on these projections and considering the recent shortage of workers in this occupation, it is expected labour supply and demand will be balanced over the 2009-2018 period. Namely, there will be a sufficient number of job seekers to fill all the job openings. Job openings in this occupation will result from both employment growth and retirements. However, while employment growth will play a major role in creating job openings, the number of jobs it will create will be lower than in recent years mainly as a result of the difficulties faced by certain manufacturing sectors.
While retirements will result in a large number of job openings, the retirement rate in this occupation is not very high.
With regard to labour supply, the number of job seekers will increase over the coming years as a result of an increase in the number of engineering graduates.
Job Seekers: 37,851
Job Openings: 36,655
Job prospects for this career are rated Limited