Economic Review and Alberta Economy Indicators at a Glance (Weekly)
The Economic Review contains economic commentary, analysis and statistics examining Alberta’s economy, labour market, price indices, household sector and business sector. Alberta Economy at a Glance documents contain the most recent data releases for key economic indicators relating to the overall economy, labour market, price indices, household sector and business sector. Both of these documents are published every Friday afternoon.
Economic Review: Alberta's manufacturing strong start to 2018
(posted March 16, 2018)
Alberta Economy Indicators at a Glance (complete report - see below for sample indicators as of March 16, 2018):
Employment (seasonally adjusted)
The economy added 2,300 jobs in February, as gains in part-time positions more than offset a decline in full-time positions. Employment rose 2.0% y/y, reflecting employment gains in both the goods (+4.8% y/y) and services (+1.0% y/y) sectors.
Unemployment Rate (seasonally adjusted)
Alberta’s unemployment rate fell by 0.3 percentage point to 6.7% in February. Canada’s unemployment rate ticked down 0.1 percentage point to 5.8%.
The number of active rigs in Alberta averaged 216 in February, up 15% y/y. The average rig utilization rate was 52%, up from 43% a year ago.
Chart: Labour market, monthly
Source: Statistics Canada
Housing Starts (seasonally adjusted)
Alberta housing starts fell by 3.5% m/m in February to 24,301 units (annualized). They were down 8.5% y/y, with declines in both multi-family (-14% y/y) and single-family starts (-7.2% y/y).
New Housing Price Index
In January, Alberta’s New Housing Price Index (NHPI) ticked up by 0.1% y/y. The house-only component was unchanged, while land prices were up (+0.4% y/y).
Building Permits (seasonally adjusted)
Alberta building permits eased by 13% y/y in January to $1.1 billion, as increased residential permits (+5.3% y/y) was more than offset by a decline in non‑residential permits (-33% y/y).
Chart: Housing market, monthly
Source: Statistics Canada, Canada Mortgage and Housing Corporation
Click here for the complete Alberta Economy Indicators At a Glance (March 16, 2018).
The following file contains data in the tables and charts of the weekly Alberta Economy Indicators at a Glance publication.
Economic Indicators Data Tables (MS Excel) (posted March 16, 2018).
- Weekly Economic Review:
- Weekly Alberta Economy Indicators at a Glance: