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Economics & Research


​​​​​​​​​The Owl​​​​​​​​​​​​​​​

The Owl focuses on the day’s top economic news.

ATB Financial’s economics team interprets the latest statistics on wages, employment, inflation, the oil and gas industry and other economic drivers in our province.

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E.I. claims continue their downward trajectory

Posted on: June 22, 2017 | Author: ATB Financial's Economics + Research Team

After reaching their peak last summer, employment insurance claims have steadily fallen in the province. This is yet another sign that Alberta’s labour market and economy are improving.

Statistics Canada reported that 79,200 Albertans received E.I. benefits in April, a drop of 3,170 or 3.8 per cent from March. This was the sixth consecutive monthly decline for the province. Data from the three recent Labour Force Surveys show that employment in the province began to improve in autumn of 2016, following the large layoffs that took place at the end of 2015 and throughout last year.

In the 12 months leading up to April, the number of those collecting employment benefits was up 7.9 per cent in the province. This was the smallest year-over-year increase since January 2015. Declines in the number of beneficiaries occurred throughout the province, including Edmonton (-3.9 per cent) and Calgary (-2.5 per cent).

This latest E.I. report appears to be good news and is another signal in a string of indicators that show an economic recovery is taking place. Still, it may be more complicated than that. Alberta saw only a few jobs created in April. This suggests the drop of 3,170 in E.I. claims at the start of the year wasn’t solely due to workers finding jobs. Instead, part of the decline may be due to unemployed workers simply having used up their benefits.Employment insurance recipients, graph

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Alberta Economic Outlo​ok

ATB Financial’s Alberta Economic Outlook summarizes research on Alberta’s most important sectors. It analyzes the province’s economic happenings and outlines what may occur in the next few months. Read the Outlooks below for the latest on our economy.

May 2017 | March 2017

Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016

Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015

Q1 2014 |Q2 2014 | Q3 2014 | Q4 2014​​​​​​

 

Perch

Each Perch focuses on a topic that’s important to Alberta​ns.

While many of us can probably cite the daily price of a barrel of West Texas Intermediate crude, there is room to improve our understanding of just how much oil we have, how much we produce and who buys it. This edition of Perch presents a handy set of answers to these questions.

So sit back and enjoy. ​​


Read Perch now

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The Economic Team​​​​​​​​​​​​​​​​​​​​​​​​ (Left to right: Nick Ford, Todd Hirsch and Rob Roach)

Our Economics Team​

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Todd Hirsch

Chief Economist

Todd Hirsch is the Chief Economist at ATB Financial. At ATB, Todd spends the bulk of his time sharing the story of Alberta’s economy in clear-eyed and energetic talks across the province and the rest of the country.

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Nick Ford

Economist

Nick Ford is an Economist at ATB Financial. Nick joined ATB’s Economics and Research team in February 2014 where he researches, tracks and reports on economic indicators and trends that impact Albertans.

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Rob Roach

Director of Insight

As a Director of Insight with ATB Financial’s Economics and Research team, Rob examines the economic and social forces that affect Albertans’ quality of life.

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 ATB's Extended Reports

 

Black gold

Alberta's oil resources

Read the report.

Tightening Santa's belt

Holiday spending and travel intentions (December 2016)

Read the report.

Preparing for success

Post-secondary education in Alberta (September 2016)

Read the report.

Selling our wares

Alberta's international exports (May 2016)

Read the report.

Happiness in Alberta

The full results of ATB Financial’s Alberta Happiness Survey (June 2015)

Read the report.

Hanging out your shingle

Self-employment in Alberta (November 2015)

Read the report.

People power

Population trends in Alberta (March 2016)

Read the report.

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