Yellowknife, Northwest Territories Overview As the largest city in the Northwest Territories, Yellowknife serves as ...
Yellowknife, Northwest Territories Overview
As the largest city in the Northwest Territories, Yellowknife serves as the economic hub of the province. It prospered in the early 20th century because of its plentiful mines, but it transitioned from mining to a government and business services hub in the latter part of the century.
In recent years, an increase in diamond mine activity has begun a reversion to those origins, just as the local economy has recovered from the closing of the gold mines. The city serves as a major tourist draw, which means the hospitality and retail industries continue to flourish regardless of the economic health. Yellowknife also provides essential health care services to the city and its neighbouring communities.
Yellowknife, Northwest Territories Job Opportunities
Plentiful jobs in retail serve as the backbone of Yellowknife's vibrant economy, offering positions for sales associates, store managers, merchandisers, and customer service agents, among others. International companies like Staples, Citigroup, and Xerox maintain powerful presences in the city.
The engineering industry and the human resources arms of many companies also provide job opportunities in Yellowknife. Several staffing agencies have offices in the city and help pair local residents with job openings. Despite the frigid winters, Yellowknife also boats a booming agricultural trade, with jobs in engineering, site management, and other fields.
Yellowknife, Northwest Territories Employment Trends
With an unemployment rate of just six percent, Yellowknife, Northwest Territories supports a strong economy that helps residents feel secure in their jobs. Despite the high property taxes, population increases are expected to continue through Q4 2015, creating more competition. However, entrepreneurship is on the rise in this city, which means more prospects for jobs in small businesses.
The Territorial and Federal governments provide a large portion of the jobs in Yellowknife, but tourism continues to dominate the labour force by a considerable margin.