Labour Market Notes (Monthly)
These documents contain analysis of the latest labour market data for Alberta, released the same day as Statistics Canada’s Labour Force Survey. The "Labour InSight" section covers a labour market topic in more detail. These documents are published monthly.
March 2018 - Unemployment rate falls with modest job growth
(complete report - posted March 9, 2018)
- Employment edges higher.
After a pullback in January, employment in Alberta grew by 2,300 in February.
- Unemployment rate falls to a 28-month low.
Employment gains, in addition to a decline in the labour force, pushed down the unemployment rate. It dropped 0.3 percentage points to 6.7% in February, the lowest level since October 2015. The labour force participation rate decreased 0.3 percentage points to 71.9%.
- Rotation to full-time employment pauses.
After gaining over 40,000 in the two preceding months, full-time employment lost ground in February, falling by 10,500. Since the June 2016 low, the economy has added 84,300 full-time jobs.
- Gains in the service sector.
The monthly employment gains were in the service sector (+4,900) while the goods sector (-2,600) edged lower. Over the last year, the employment gains have been widespread with both the goods sector (+27,300) and service sector (+17,700) expanding.
- Solid year-over-year job growth.
Employment continues to increase at a healthy rate, growing by 45,000, or 2.0%, year-over-year. This was slightly higher than the Canadian rate of 1.5%.
- Annual gains in manufacturing and natural resources.
The year-over-year gains were led by consistent improvement in manufacturing and the natural resources industries, which added 18,500 and 10,900 jobs, respectively.
- Private sector takes a breather.
Employment in the private sector fell for the second month in a row in February, but continued to lead annual employment growth. Over the last year, the private sector added 21,400 jobs, while self-employment expanded by 17,400 and the public sector by 6,200.
- Earnings move higher.
Average Weekly Earnings (AWE) moved up 0.1% in November to $1,149. Compared to a year ago, earnings were up 1.2%.
Labour InSight: Job tenure trends in Alberta (complete report - posted March 9, 2018)
Labour InSight Highlights:
While many factors influence how long employees stay in an employment position, changes in economic conditions and demographics play a large role. This Labour InSight looks at the recent trend in average job tenure in Alberta.
- Job tenure on the rise in young and prime-age workers
The average job tenure in Alberta has increased in the last three years, from 88.2 weeks in 2014 to 91.4 weeks in 2017. The increase has been concentrated in young (those aged 15 to 24) and prime-age (aged 25 to 44) workers. Since 2014, job tenure among young workers and prime-aged workers has risen by 2.2 weeks and 5.4 weeks, respectively, while tenure for older workers (aged 45 and over) has been virtually unchanged.
Chart: Job tenure increases in and after economic downturns
Annual average job tenure by select age groups
Source: Statistics Canada
These documents were published beginning in 2012.