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 exhibits the Canadian financial system added 337,000 jobs in February, greater than offsetting the lack of 200,000 jobs in January because the unemployment price fell beneath pre-pandemic ranges.

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

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

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

“There’s a little 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,” mentioned Rob Roach, deputy chief economist and managing director at ATB Monetary.

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

“Lodging and meals companies, recreation, and so forth. The loss is a little bit bit tougher to pin down. There might need been some provide chain disruptions and slowdowns in a few of our manufacturing companies. Identical factor on the transportation facet.”

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

“It’s onerous to have robust financial development with out respectable job development and vice versa. There’s a little bit little bit of a disconnect in Alberta this yr in that these excessive oil costs are going to push up firm earnings a little bit bit extra on the funding facet and a little bit bit extra on the export facet — 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 yr.”

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 sort of broad restoration that working households want, significantly right here in Calgary,” NDP Vitality Critic Kathleen Ganley mentioned of the lack of full-time jobs.

“I do know a whole lot of Albertans might be asking, ‘Why, when power costs are so excessive, did I lose my job?’”

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Calgary’s unemployment price 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 mentioned.

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

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

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

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

Edmonton’s unemployment price is 6.9 per cent.

In an announcement, Minister of Jobs, Financial system and Innovation Doug Schweitzer mentioned 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 mentioned. “Each job added means one other Albertan is receiving a daily paycheque. Each drop in unemployment means extra Albertans returning to the workforce.

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

— with recordsdata from The Canadian Press.

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