Alberta’s unemployment rate fourth highest in Canada
Alberta's unemployment rate ticked down slightly, going from 7.3% in January to 7.2% in February. The year-over-year rate stayed the same.
By ATB Economics 6 March 2020 1 min read
The number of jobs in Alberta made up some of the ground lost in January, but employment remains basically where it was a year ago.
After falling three months in a row, the Alberta economy added 11,400 jobs in February for a net gain of 0.5 per cent. The year-over-year results are less encouraging with the employment level in the province down by 0.1 per cent compared to February 2019.
Most of the job gains were in part-time employment with full-time positions contracting by 0.5 per cent compared to a year ago.
The unemployment rate ticked down slightly, going from 7.3 per cent in January to 7.2 per cent in February. The year-over-year rate stayed the same. The unemployment rate among men rose from 7.2 to 7.5, but dropped from 7.3 to 6.8. among women.
Alberta’s unemployment rate is the fourth highest among the provinces after Newfoundland and Labrador (12.0), Prince Edward Island (8.0) and Nova Scotia (7.8).
Nationally, the unemployment rate ticked up slightly from 5.5 per cent in January to 5.6 per cent in February. Just over 30,000 jobs were added to the national economy in February (+0.2 per cent) with year-over-year growth coming in at 245,000 positions (+1.3 per cent).