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?