Labour Market Review
Highlight: Statistics Canada’s July Labour Force shows the following:
- Total employment in the Calgary Economic Region (CER) increased by 8,400 from a month ago, and by 35,900 from a year ago. Year-over-year, there were 33,200 new jobs created in full-time positions and 2,800 in part-time. The region’s July unemployment rate was 8.3 per cent, compared to 7.8 per cent in Alberta and 6.4 per cent in Canada.
- The average weekly wage rate in the Calgary Census Metropolitan Area (CMA) was $1,134, down $12.5 or 1 per cent from a year ago; the total weekly wage bill for the CMA increased by $25 million year-over-year.
- In July 2017 there were 25,090 employment insurance (EI) recipients in the CMA, down by 1.5 per cent compared to May 2016.
- The recently released 2017 Calgary Civic Census Results recorded a net-migration of 974 persons to the city this census year, compared to the net outflow of 6,527 people last year. This was a result of recovering local economy and improving labour market conditions. With the unemployment rates of the CER, Alberta and Canada converging, Calgary should see more people come from other regions or provinces than leave to those places in the next few years.
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