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Job numbers stagnant in May

Job numbers stagnant in May

Posted on: 6/7/2019 | Author: ATB Financial's Economics + Research Team

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A weak job market continues to be the story in Alberta, according to the latest numbers from Statistics Canada. The total number of jobs in the province contracted by 2,200 (0.1 per cent) in May. The unemployment rate was unchanged at 6.7 per cent.

While not everyone is looking for full-time work, changes in the number of full-time jobs offers a better gauge of overall economic health than changes in the number of part-time positions.

Unfortunately, full-time positions fell by 21,300 (1.1 per cent) in May while part-time employment increased by 19,000 (4.6 per cent). On a year-over-year basis, total jobs were up by 0.9 per cent but full-time positions were still down by 0.3 per cent.

Sectors that saw decreases in May include: agriculture; oil and gas; utilities; construction; finance, insurance, real estate, rental and leasing; business, building and other support services; accommodation and food services; other services, and public administration. 

There was not much change nationally between April and May. Total employment grew slightly, by 0.1 per cent, with full-time jobs up 0.2 per cent and the number of part-time positions unchanged.

The national unemployment rate decreased by 0.3 percentage points to hit 5.4 per cent, “as the number of people looking for work decreased sharply following little change over the previous three months.”

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