Alberta employment stagnant as people exit the workforce: Statistics Canada

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Alberta’s unemployment rate dropped a full percentage point in August according to the latest numbers from Statistics Canada, but that number does not necessarily show a rebound, as the employment rate remained mostly unchanged.

Across Canada, employment increased in every province except Alberta and New Brunswick last month. Although Alberta’s unemployment rate dropped a full percentage point from 12.8 per cent to 11.8 per cent over the previous month, Statistics Canada attributes this to fewer people looking for work. The employment rate climbed only slightly, from 60.3 per cent to 60.5 per cent.

The size of Alberta’s labour force declined by 16,000 in August, which was a drop of 0.6 per cent from July. Year over year, Alberta’s employment rate was down 5.8 per cent.

Men aged 25 or older in the Alberta workforce saw the greatest drop, with a decline of nearly 10,900 from the workforce. For women in the same age bracket, the decline was 3,800.

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