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August job report best yet this year

August job report best yet this year

Posted on: 9/7/2018 | Author: ATB Financial's Economics + Research Team

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Alberta's labour market roared back to life in August, adding 16,300 net new jobs after the setback in July. August's job total was the best of this year and the highest since December 2017.

The majority of new jobs added to the economy last month were full-time (11,000). Although the number of net new full-time positions is only half of what was lost in July, the quality of work being added to the provincial economy continues to improve.

From July to August, job gains were recorded in ten different sub-sectors, the most notable being business, building and other support services (+6,300), professional, scientific and technical services (+4,700) and construction (+2,600). Last month, oil and gas jobs recorded the largest decline (-2,100).

Even though more jobs were added to the economy, more Albertans were actively searching for a job. In other words, the size of the labour force grew. As a result, Alberta’s average unemployment rate was unchanged at 6.7 per cent.

Alberta’s economy has added more than 52,000 jobs compared to last year. On the surface, this looks promising. However, many Albertans can attest things have not been so easy. Alberta’s labour market has seesawed throughout the year, a reality that continues to prove frustrating for those looking for work.

Employment, Alberta, graph

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