indicatorThe Owl

Fewer job seekers lowers unemployment rate in Alberta

After finally catching up in September, the number of jobs in the province slipped below its pre-pandemic level by 5,300 (0.2%)

By Rob Roach, ATB Economics 5 November 2021 1 min read

A 4.3% drop in part-time employment pulled down total employment in Alberta by 0.4% in October*. Full-time employment in the province increased by 0.5%. (All numbers are seasonally adjusted.)

Despite the reduction in the number of jobs, Alberta’s unemployment rate improved, going from 8.1% in September to 7.6% in October. The drop is due to about 24,000 workers leaving the labour force and no longer being counted as “unemployed.”

After finally catching up in September, the number of jobs in the province slipped below its pre-pandemic level by 5,300 (0.2%).

Nationally, total employment increased by 0.2% and the unemployment rate went from 6.9% to 6.7%.

The number of jobs in the country remained above the pre-pandemic level for the second month in a row, but just barely at 0.2% (32,100) higher.

*October Labour Force Survey data reflect labour market conditions during the week of October 10 to 16.

Answer to the previous trivia question: A bluefin tuna weighing about 600 pounds sold for $US 1.8 million at a Tokyo fish auction in January 2020.

Today’s trivia question: How many hours is the legally-defined standard work week in France?

Alberta’s unemployment rate went from 8.1% in September 2021 to 7.6% in October 2021

Alberta’s unemployment rate went from 8.1% in September 2021 to 7.6% in October 2021


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.
×