ATB Economic Insights

ATB's economics team analyzes the latest statistics related to economic drivers and provides insight on Alberta's economy now and in the future.

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ATB's Quarterly Alberta Economic Outlook

ATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.

Chart of the week

June 7, 2024

Chart of the Week: In the Trades? You’re wanted.

Home construction has kicked into high gear in Alberta, with housing starts exceeding 40,000 annualized every month since August 2023. An impressive feat for the industry given the headwinds of higher rates, costs, and (as we’ll see) labour shortages.

But many more homes need to be built to catch up and then keep pace with the booming population. There’s lots of discussion about ways to fix the housing supply challenge. The one headwind that keeps jumping out in the data are construction workers. There are not enough of them.

Our Chart of the Week shows that the job vacancy rate - the share of unfilled jobs as a share of jobs required - has eased since mid 2022 overall. But vacancy rates are still elevated in construction, particularly for specialty trade contractors.

Economic Insights Focused on Alberta's Economy

ATB’s team of economists make sense of the latest data and trends in daily insights delivered right to your inbox.

The Owl (Daily Insights)

Retail sales, the unemployment rate, population growth, inflation, international trade—these are just a few of the economic trends the team makes sense of in ATB’s daily insights.

U.S. economic news

Inflation cools, interest rates higher for longer

Building momentum

Residential construction in Alberta 

Prepare for the worst, hope for the best

Alberta’s primary agricultural sector in 2024

                                   Read more daily insights >

Weekly Wrap

A review of the key economic highlights of the week impacting Alberta.

Weekly Wrap, Friday, June 7, 2024

Soft jobs report reinforces rate cut decision

Weekly Wrap, Friday, May 31, 2024

Systems ready, but will the BoC actually pull the trigger?

Weekly Wrap, Friday, May 24, 2024

Inflation cools, but cumulative effects weigh

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