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economic news: Economic update Feb 9/09 - 02/10/09 10:51 AM
February 9, 2009
All Jobs Not Created Equally
Recently, Alberta's once seemingly invincible labour market has shown signs of fallibility. As of the latest Statistics Canada Labour Force Survey, Alberta had lost 16,800 jobs between November 2008-January 2009 (three month moving average, unadjusted for seasonality). But, as is illustrated by the graph below, employment loss within Alberta was highly varied by region.
The Camrose-Drumheller region was the hardest hit on a percentage of total employment basis; the number of employed people declined by 1,600 jobs, or 1.43%. Similarly, employment in Red Deer was down 1.21%, or 1,300 jobs.
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