Labour Market Review
July’s Labour Force Survey for the Calgary Economic Region (CER) and Calgary Census Metropolitan Area (CCMA) shows the following:
• Total employment in July in the CER increased by (+9,200) persons, almost all in full-time (+9,000). Year-over-year, the region’s total employment declined by 25,000 persons, mainly in the Health Care and Social Assistance (-16,100), Accommodation and Food Services (-9,100), and Transportation and Warehousing (-8,500) industries.
• The unemployment rate was estimated at 8.8 per cent in the CER, compared to 8.3 per cent in Alberta and 6.9 per cent in Canada. The highest unemployment rates were found in the15-19 year old (24.8 per cent) and 20-24 year old (13.2 per cent) cohorts. Higher high school graduation rates but lower university graduation rates in Alberta has implications for diversifying the province’s economy.
• The average weekly wage rate in the Calgary CMA increased to $1,147 from $1,126 last July. But the total wage bills for the region decreased by $28.8 million, due to the job cuts over the past twelve months. The decrease in labour income will weigh on the level of consumer spending and on the rate of economic growth in the local economy.
• The number of people receiving regular employment insurance (EI) benefits in May in the Calgary CMA increased to 24,040, from 22,370 in April and 15,330 in May 2015. As expected, the Fort McMurray fire resulted in the EI numbers spiking at the provincial level, from 69,400 in April to 77,810 in May.
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