Job numbers holding - it has not bottomed out yet.
Highlights from the October 2015 Labour Market Review from Corporate Economics
• From September to October 2015 in the CER, total employment declined by 10,700 and the labour force dropped by 13,100 people. As some discouraged workers stopped seeking jobs, the unemployment rate edged down slightly to 6.7 per cent.
• Year-over-year, total employment increased by 14,900, labour force increased by 35,500. Unemployment rate was higher than 4.7 per cent the same time last year.
• Calgary’s average weekly wage rate was $30 per hour, up $0.43 from $29.57 in October 2014. The wage inflation rate was 1.5 per cent, decelerating from 2.8 per cent the same time last year.
• Compared to the rest of Canada, Albert and the CER labour markets were impacted by lower oil prices and did not benefit much from the renewed growth in the U.S.
View the rest of the report
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