indicatorThe Owl

Strong job numbers in Alberta in May

Alberta’s unemployment fell by 0.6 percentage points to 5.3%

By Rob Roach, ATB Economics 10 June 2022 less than a minute

The number of employed Albertans increased by 1.2% in May for a monthly gain of 28,000. This was the seventh consecutive increase.

The provincial unemployment rate also improved, falling from 5.9% in April to 5.3% in May.

The number of unemployed Albertans fell to 131,600, the lowest since February 2015.

Full-time employment rose by 3.2% (60,600) while part-time work decreased by 7.2% (33,100).

The professional, scientific and technical services (+10,800; +5.5%) and transportation and warehousing (+8,200; +6.6%) sectors were the main contributors to the gains in Alberta in May.

Nationally, employment increased by 0.2% (49,800) in May and the unemployment rate went from 5.2% to 5.1%.

*May Labour Force Survey data reflect labour market conditions during the week of May 15 to 21, 2022.

Answer to the previous trivia question: The headquarters of the OECD are in Paris, France.

Today’s trivia question: Inflation is expected to be particularly high in Turkey this year. What is the OECD’s current estimate?

Alberta's unemployment rate has almost converged with the national rate

Alberta's unemployment rate has almost converged with the national rate

Economics News

Subscribe and get a quick daily snapshot of what’s happening in Alberta’s economy

Need help?

Our Client Care team will be happy to assist.

Chat now
ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.