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Alberta’s role as a job-creating powerhouse

Alberta’s role as a job-creating powerhouse

Posted on: 5/2/2018 | Author: ATB Financial's Economics + Research Team

​​We're releasing the latest Perch today! This edition explores some of the key features of Alberta’s labour force. Among these is a long history of above-average job creation.

The recession has temporarily pushed Alberta’s rate of job creation below the national average, but annual employment growth in Alberta has averaged 2.5 per cent since 1976 compared to 1.5 per cent in the rest of Canada.

If the number of jobs in Alberta had grown at the same rate as in the rest of Canada, there would be 736,000 fewer jobs in our province today. This highlights the role Alberta has played in creating jobs for both Albertans and for the thousands of Canadians and international immigrants who have come here looking for gainful employment.

Looking at the last ten years of job growth there were almost 300,000 more jobs in Alberta in 2017 than in 2007 with the province accounting for 18 per cent of all jobs created in Canada. More jobs were created in Alberta than in the Atlantic provinces and B.C. combined.

As the recession of 2015-16 showed, the success of Alberta’s energy sector is a key factor in its ability to create an above average number of jobs with employment in the province contracting by 1.6 per cent in 2016.

Read Perch and its extended report and let us know what you think!

Perch, May 2018, graph​​​​​​

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