Labour Market Review
Highlight: Statistics Canada’s January Labour Force Survey for the Calgary Economic Region (CER) and Calgary Census Metropolitan Area (CCMA) shows the following:
• Total employment in the CER decreased by 2,500 from a month ago, but increased by 19,800 from a year ago. The unemployment rate in March was 9.1 per cent in the CER, compared to 8.8 per cent in Alberta and 7.1 per cent Canada.
• Year-over-year, job gains were concentrated in the Transportation and Ware housing (+15,400), and Other Services (+11,300), while losses were mainly in the Construction (-17,200) and Forestry, Fishing, Mining, Quarrying, Oil and Gas (FFMQOG) (-9,200).
• The average weekly wage rate in the Calgary Census Metropolitan Area (CMA) was $1,148, up 0.7 per cent from a year ago; the total weekly wage bill for the CMA increased by $15 millions year over year.
• In January 2017, the number of employment insurance (EI) recipients in the CMA was 31,290 persons, up by 48 per cent from the same time last year.
• The latest labour market peak in the CER was reached in June 2015. Since then the decline and recovery of the regional economy created a tale of two industries: while the FFMQOG industry continued to struggle with cutbacks and mergers, the PSTS industry kept its impressive level of employment. The stronger than national average growth in the PSTS employment in the CER shows the resilience of the region and benefits of having a highly skilled labour force.
View the full report here
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