indicatorThe Owl

Alberta's unemployment rate a little better in October

Over 23,000 jobs were added in October (+1.1 per cent), but the number of jobs in the province was still down by 125,500 compared to a year ago (-5.3 per cent)

By ATB Economics 6 November 2020 less than a minute

According to latest Labour Force Survey* results, Alberta’s seasonally adjusted unemployment rate improved by one percentage point, going from 11.7 per cent in September to 10.7 per cent in October.

There were 267,100 Albertans actively looking for work but unable to find it in October.

Over 23,000 jobs were added in October (+1.1 per cent), but the number of jobs in the province was still down by 125,500 compared to a year ago (-5.3 per cent). About 55 per cent of the new jobs were full-time positions.

Nationally, the unemployment rate barely budged, going from 9.0 per cent in September to 8.9 in October. A total of 83,600 jobs were added (+0.5 per cent).

On a year-over-basis, there were 598,200 fewer jobs in Canada (-3.1 per cent) than in October 2019.

*The October Labour Force Survey results reflect labour market conditions as of the week of October 11 to 17.

Alberta's unemployment rate went from 11.7 in September to 10.7 in October

Alberta's unemployment rate went from 11.7 in September to 10.7 in October


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