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Alberta’s unemployment rate edged down in March

Alberta’s unemployment rate edged down in March

Posted on: 4/5/2019 | Author: ATB Financial's Economics + Research Team

​​The latest numbers from Statistics Canada’s monthly Labour Force Survey show the unemployment rate in Alberta fell to 6.9 per cent in March compared to 7.3 per cent in February. This translates into 172,100 Albertans out of work and looking for employment in March. Year-over-year, the rate was half a percentage point higher than in March 2018.

Nationally, the unemployment rate held steady at 5.8 per cent. The unemployment rate was highest in Newfoundland and Labrador at 11.5 per cent and lowest in British Columbia at 4.7 per cent.

The number of full-time jobs in the province increased in March by 18,100 while the number of part-time positions fell by 19,900 for a net loss of 1,800 jobs.

The decrease in the unemployment rate at the same time as the decrease in the number of jobs is accounted for by a reduction in the number of Albertans looking for work in March. The participation rate went from 71.8 per cent to 71.3 per cent and the labour force contracted by 12,100.

New vehicle sales, graph​​

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