indicatorThe Owl

Employment declined in Alberta in November

The provincial unemployment rate went from 5.2% in October to 5.8% in November

By Rob Roach, ATB Economics 2 December 2022 less than a minute

The Alberta economy shed 15,100 jobs in November for a seasonally-adjusted drop of 0.6% compared to October.

Full-time positions fell by 0.5% (-10,000) while part-time jobs pulled back by 1.1% (-5,100).

As a result, the provincial unemployment rate jumped from 5.2% to 5.8%.

Nationally, the number of jobs edged up slightly in November, growing by 0.1% (+10,100) with gains in full-time employment (+0.3%), but losses in part-time work (-1.1%).

The national unemployment rate also improved slightly, going from 5.2% to 5.1%.

Employment was down in 7 out of 10 provinces, with Quebec posting the largest increase at +0.6%.

Answer to the previous trivia question: Saudi Aramco raised the most money ever through an Initial Public Offering (IPO). The company raised US$25.6 billion in December 2019.

Today’s trivia question: In what year was the federal Unemployment Insurance program renamed Employment Insurance?

The seasonally-adjusted unemployment rate in Alberta increased in November while the national rate decreased

The seasonally-adjusted unemployment rate in Alberta increased in November while the national rate decreased


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.