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Ward 1 News: August 2016 Labour Market Review

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Ward 1 official websiteAugust 2016
Labour Market Review
Highlights

August Labour Force Survey for the Calgary Economic Region (CER) and Calgary Census Metropolitan Area (CCMA) shows the following:
• Month-over-month, total employment in the CER increased by (+2,300) persons. Year-over-year, the region’s total employment declined by 21,400 persons.
• The unemployment rate was 9.3 per cent in the CER, compared to 8.3 per cent in Edmonton, 8.6 per cent in Alberta, and 7.1 per cent in Canada. The reason behind the jump in unemployment rate in the CER was due to more people joined the labour force than new jobs created at the same time (Table 1).
• The average weekly wage rate in the Calgary CMA increased 1.1 per cent year-over-year to $1,137, but the total wage bills for the region decreased by $23.3 million due to the job cuts in various industries (Table 2).
• The June number of people receiving regular employment insurance (EI) benefits in the Calgary CMA increased by 45 per cent to 23,900 persons, from 16,490 persons a year ago.
• The working age population in the CER has been aging. The CER has seen higher than the national average participation rates in youth groups over the years, thanks to its favourable labour market conditions.  However, the CER has to compete with the rest of Canada for its needed new work force, which is difficult in current economic downturn. 

View the rest of the report >>




This content represents the personal views and opinions of the Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.

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