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Ward 1 News: Labour Market Review May 2017

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Ward 1 official website Labour Market Review

Highlight: Statistics Canada’s May Labour Force Survey[1] shows the following:
• Total employment in the Calgary Economic Region (CER) increased by 10,000 from a month ago, and by 28,800 from a year ago.  The unemployment rate was 9.1 per cent in May, compared to 9.0 per cent in April and 8.4 per cent a year ago.
• Year-over-year, there were 19,800 new jobs created in full-time positions and 8,900 in part-time. By age cohort, 11,600 new jobs went to 25 to 29 years olds while the 15 to 24 years old lost 5,300 positions. 
• The average weekly wage rate in the Calgary Census Metropolitan Area (CMA) was $1,155, down 0.6 per cent from a year ago; the total weekly wage bill for the CMA increased by $12.5 million year-over-year.
• In March 2017 there were 28,880 employment insurance (EI) in the CMA, up by 29 per cent from the same time last year.
• Today’s data for the CER indicated a mixed summer job market for youth aged 15 to 24. Compared to the same time last year the youth unemployment rate declined for 20 to 24 years olds while the participation rate increased in the 15 to 19 year olds. This follows the same pattern after previous recessions (charts 1 and 2)[2].

View full report here

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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