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Alberta incomes fall fastest in all of Canada

Alberta incomes fall fastest in all of Canada

Posted on: 3/15/2018 | Author: ATB Financial's Economics + Research Team

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Despite having the highest employment incomes, Albertans saw the largest year-over-year income drop among all working Canadians in 2016, according to the latest Canadian Income Survey from Statistics Canada.

Alberta had to deal with significant economic headwinds that year. The price of oil fell dramatically—causing havoc for the province’s energy industry—and incomes for many working Albertans followed suit.

Employment income for working Albertans fell 8.8 per cent in 2016, and totalled $51,700. This figure consists of wages and salaries, commissions, net-income from unincorporated non-farm and/or professional practice, and net farm self-employment income. The median employment income reached $39,400, a 4.4 per cent reduction from a year earlier.

Since then, Alberta’s energy sector has stabilized and the province’s labour market has improved. The result may be that many working Albertans start to notice positive change to their pay cheques.

Employment income 2016, graph​ ​​

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