Norman Wells, Northwest Territories Employment Information
Norman Wells, Northwest Territories Overview
The Slavey language translation of Norman Wells' name means "where there is oil." Considering the history and current oil- and gas-driven economy of Norman Wells, Northwest Territories (NWT), that moniker is most appropriate. Home to just over 700 people, Norman Wells is one of the five communities that compose the Sahtu Region.
Norman Wells has the NWT's only producing oil field. The area exports about C$500 million a year through the Norman Wells to Zama Lake Pipeline. In addition to serving as the NWT's administrative and commercial centre, Normal Wells has the highest average income level in the NWT.
Norman Wells, Northwest Territories Job Opportunities
Aside from the oil and gas industry, sectors important to Normal Wells' economy include tourism, transportation, arts and crafts, and trapping. Businesses in the town are limited, as its roads are not accessible year round. Businesses receive supplies in the summer via boat and in the winter via the ice road or air as needed.
Norman Wells, Northwest Territories Employment Trends
According to the Northwest Territories Bureau of Statistics, labour force participation peaked in 1999 at 90.5 percent. By 2014, that number had dropped to 84.8 percent. Historically, Norman Wells has had the lowest unemployment rate of the Sahtu Region. In 2014, the town reported an unemployment rate of 7.4 percent, compared to NWT's rate of 10.6 percent. In the future, Normal Wells efforts to develop hydroelectric power through the Great Bear River will likely lead to significant employment growth in the sector.