Job prospects Insurance Lawyer near Charlottetown (PE)

Over the past few years (2021-2023), the labour market was balanced for Lawyers and Quebec notaries near Charlottetown (PE). The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

The employment outlook will be moderate for Lawyers and Quebec notaries (NOC 41101) in Prince Edward Island for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of positions will become available due to retirements.

Employment growth in this field is dependent on the demand for legal services, which tends to increase in stronger economic times due to heightened business activity. Over the next few years, lawyers with multiple areas of practice, including emerging fields of regulatory compliance, intellectual property and patent law, privacy and access to information and international trade, may have better prospects

Graduates should expect strong competition for articling positions. Those who are willing to relocate to less-serviced areas may increase their chances of obtaining employment in this field. The Island economy is projected to expand at a respectable pace over the forecast period which should result in job opportunities. Continued population growth by way of immigration will support the demand for workers in this occupation.

Here are some key facts about Lawyers and Quebec notaries in Prince Edward Island:

• Approximately 250 people work in this occupation.
• Lawyers and Quebec notaries mainly work in the following sectors:
  • Legal services (NAICS 5411): 76%
  • Provincial and territorial public administration (NAICS 912): 13%
• 82% of lawyers and quebec notaries work all year, while 18% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 48 weeks compared to 41 weeks for all occupations.
• 24% of lawyers and quebec notaries are self-employed compared to an average of 13% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 43% compared to 51% for all occupations
  • Women: 56% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: n/a
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: n/a
  • bachelor's degree: 64% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 32% compared to 8% for all occupations

Source Labour Market Information | Prospects Methodology