Labour Market Review
Calgary into Recovery Mode
The approval of two pipelines by the Federal Government finally brought positive news to Calgary. November’s 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 2,400 positions. Year-over-year, total employment increased slightly by 1,200 positions. The unemployment rate in the CER was 9.9 per cent, compared to 7.8 per cent in Alberta and 6.3 per cent in Canada (Table 1).
• The November average weekly wage rate in the Calgary CMA was $1,127, down 0.1 per cent year-over-year, and the total wage bills for the region increased by $3.9 million (Table 2).
• In September, the number of employment insurance (EI) recipients in the CMA was 29,910 persons, up by 59 per cent from a year ago.
• Compared to the 36,300 job losses incurred in the great recession, this recession saw a larger number of job cuts (37,800) in a shorter time span. More people aged 55 and older lost their jobs (Chart 1). This may be due to baby boomers leaving the labour market permanently or employers reducing labour costs by replacing experienced employees with younger workers who are paid less.
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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.