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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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Employment Insurance recipients falling faster than unemployment in Alberta

Posted on: July 20, 2017 | Author: ATB Financial's Economics + Research Team

The latest data from Statistics Canada show that there were 71,950 Albertans receiving federal Employment Insurance (EI) benefits in May. This represents a drop of 33 per cent from the peak reached in July 2016 (107,470 recipients).

This sounds like good news but EI statistics are tricky for two reasons. First, not everyone who is unemployed is eligible to receive EI. Second, EI benefits can run out while a recipient is still unemployed. As of May, only 37 per cent of unemployed Albertans were receiving EI.

While EI recipients fell by 7.2 per cent in May compared to April, the number of unemployed Albertans fell by just 1.9 per cent. Over the last six months, EI recipients fell by 5.2 per cent while the number of unemployed Albertans fell just 2.3 per cent.

The good news is that some EI recipients have found work and no longer need their benefits and that labour market conditions in the province are slowly improving. The bad news is that the drop in EI recipients has been outpacing the drop in unemployment.Alberta EI 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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