Alberta’s unemployment rate dropped in October, still among highest in Canada

Though Alberta’s unemployment rate continued its downward trend last month, it remains one of the highest in the country.

According to Statistics Canada’s October 2020 Labour Force Survey, the jobless rate in Alberta dropped one percentage point to 10.7 per cent from 11.7 per cent in September.

Only Newfoundland and Labrador had higher provincial unemployment numbers than Alberta last month, sitting at 12.8 per cent,

Read more: Canada adds 84K jobs in October, but about 1.8M still out of work

The Labour Force Survey, released on Friday, reflects labour market conditions during the week of Oct. 11-17.

The survey showed employment in Alberta rose by 23,000 (+1.1%), the fifth increase in six months.

Story continues below advertisement

The employment gains were spread across several industries, including healthcare and social assistance, transportation and warehousing, and wholesale and retail trade. Employment in natural resources edged up in the month, but was down 5.2 per cent on a year-over-year basis.

Edmonton’s unemployment rate now the highest in Canada

In October, Edmonton’s jobless rate dropped to 12.0 per cent from 12.6 per cent the month prior.

Though it declined, it was the highest unemployment rate in the country in October among the 34 metropolitan areas surveyed.

Following large employment losses earlier this year, Calgary has now posted four consecutive employment gains since summer, totalling 101,000 (+13.6%).

Calgary recorded an unemployment rate of 11.3 per cent in October, down from 12.6 per cent in September.

Nationally, the unemployment rate was little changed in October, sitting at 8.9 per cent compared with 9.0 per cent in September.

A look at Calgary and Edmonton’s unemployment rate history:

April 2020

↑ Calgary: 10.8 per cent
↑ Edmonton: 10.0 per cent

May 2020

↑ Calgary: 13.4 per cent
↑ Edmonton: 13.6 per cent

Story continues below advertisement

June 2020

↑ Calgary: 15.6 per cent
↑ Edmonton: 15.7 per cent

July 2020

↓ Calgary: 15.5 per cent
↓ Edmonton: 15.0 per cent

August 2020

↓ Calgary: 14.4 per cent
↓ Edmonton: 13.6 per cent

September 2020

↓ Calgary: 12.6 per cent
↓ Edmonton: 12.6 per cent

October 2020

↓ Calgary: 11.3 per cent
↓ Edmonton: 12.0 per cent

© 2020 Global News, a division of Corus Entertainment Inc.

View original article here Source