Half-time employment up in Alberta, however province sees decline in full-time jobs

The newest job numbers present a rise in part-time employment in Alberta, however the province has seen a lower in full-time employment.

Knowledge launched by Statistics Canada Friday reveals the Canadian financial system added 337,000 jobs in February, greater than offsetting the lack of 200,000 jobs in January because the unemployment fee fell beneath pre-pandemic ranges.

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Canada’s nationwide unemployment fee dropped to five.5 per cent in February in contrast with 6.5 per cent in January. That’s the bottom the unemployment fee has been in Canada since February 2020, when it sat at 5.7 per cent.

Eight provinces noticed job will increase final month, principally attributed to workers being known as again to work from short-term layoff within the months prior as provinces tightened restrictions to sluggish the unfold of the Omicron variant of COVID-19.

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Nonetheless, there was little employment change right here in Alberta, the place the unemployment fee is 6.8 per cent. Statistics Canada knowledge reveals that whereas part-time employment rose final month by 17,700 positions, Alberta misplaced 9,600 full-time positions in February.

“There’s a bit little bit of softness beneath the numbers in that we did lose full-time jobs. So all the enhance was from part-time employment,” stated Rob Roach, deputy chief economist and managing director at ATB Monetary.

Roach stated it’s onerous to pinpoint precisely the place the job losses got here from, however stated nearly all of the good points got here from the hard-hit service sectors.

“Lodging and meals providers, recreation, and many others. The loss is a bit bit tougher to pin down. There may need been some provide chain disruptions and slowdowns in a few of our manufacturing companies. Similar factor on the transportation aspect.”

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Roach stated he wouldn’t learn an excessive amount of into one month’s price of information, including the general job image in Alberta is optimistic. He stated the expansion in Alberta’s financial system goes hand in hand with job development, however warned the latter could not hold tempo with the general stage of financial development.

“It’s onerous to have sturdy financial development with out first rate job development and vice versa. There’s a bit little bit of a disconnect in Alberta this 12 months in that these excessive oil costs are going to push up firm income a bit bit extra on the funding aspect and a bit bit extra on the export aspect — you don’t essentially want much more individuals to make that occur,” he defined.

“However they need to each be in optimistic territory over the course of the 12 months.”

Nationally, jobs are rising throughout each full-time (up 0.8 per cent ) and part-time (up 6.2 per cent) positions.

“These job losses sign that we’re not seeing the form of broad restoration that working households want, notably right here in Calgary,” NDP Power Critic Kathleen Ganley stated of the lack of full-time jobs.

“I do know a number of Albertans will probably be asking, ‘Why, when vitality costs are so excessive, did I lose my job?’”

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Calgary’s unemployment fee is among the many highest of Canada’s main cities at 8 per cent.

“Alberta is falling additional behind the remainder of Canada and that’s extra proof that Albertans can’t belief the UCP to handle the financial system when we now have $100 oil and so many Calgarians can’t discover a job,” Ganley stated.

Calgary Financial Improvement (CED) stated town’s labour pressure has grown, with February seeing the primary interval of notable enhancements since October 2021.

“Nonetheless, all that optimistic momentum was pushed by continued will increase in part-time jobs,” stated Dexter Lam, senior supervisor of expertise with CED.

The strongest job good points final month in Calgary got here within the wholesale and retail commerce and knowledge sector, in addition to tradition and recreation, in accordance with CED. The enterprise and different help providers sector skilled probably the most losses.

“The enhancements in front-line service(s) occurred earlier than the lifting of COVID-19 associated restrictions,” Lam stated. “Our focus can possible begin shifting from pandemic restoration again to structural and longer-term transitions that may help Calgary’s future financial system.”

Edmonton’s unemployment fee is 6.9 per cent.

In a press release, Minister of Jobs, Economic system and Innovation Doug Schweitzer stated the numbers present Alberta is coming again.

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“Our financial system continues to develop, which is nice information for all Albertans,” he stated. “Each job added means one other Albertan is receiving an everyday paycheque. Each drop in unemployment means extra Albertans returning to the workforce.

“As we emerge from a troublesome few years, there may be rising proof that our financial system is on the verge of taking off. Financial indicators like constructing permits are up and extra companies have been integrated in Alberta in February in contrast with the identical time final 12 months. Moreover, our worldwide exports are up by greater than 65 per cent.”

— with recordsdata from The Canadian Press.

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