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2018 Annual Alberta Regional Labour Market Review

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2018 Annual Alberta Regional Labour Market Review Classification: Protected A Labour and Immigration, Government of Alberta August 2020 Annual Alberta Regional Labour Market Review ISBN 978-1-4601-4310-0 ISSN 2292-5333 © 2020 Government of Alberta Email: [email protected] For more information regarding this content visit: https://www.alberta.ca/labour-market-information.aspx 1 Annual Alberta Regional Labour Market Review | 2018 Table of Contents Table of Contents .......................................................................................................................................... ….2 Overview ........................................................................................................................................................ ….3 Regional Analysis ......................................................................................................................................... ….4 Wood Buffalo-Cold Lake .............................................................................................................................. ….7 Banff-Jasper-Rocky Mountain House and Athabasca-Grande Prairie-Peace River .............................. ….9 Edmonton ..................................................................................................................................................... ….11 Red Deer ....................................................................................................................................................... ….13 Calgary ......................................................................................................................................................... ….15 Camrose-Drumheller ................................................................................................................................... ….17 Lethbridge-Medicine Hat ............................................................................................................................ ….19 Appendix ...................................................................................................................................................... ….21 2 Annual Alberta Regional Labour Market Review | 2018 Overview Table 1 Labour Force Statistics, Canada and Provinces, 2018 In 2018, Alberta had Participation Employment Unemployment the highest Province Rate (%) Rate (%) Rate (%) participation rate Canada 65.4% 61.6% 5.8% Newfoundland and and employment 58.9% 50.8% 13.8% Labrador rate among all Prince Edward 66.8% 60.5% 9.4% Canadian provinces Island Nova Scotia 61.7% 57.1% 7.5% New Brunswick 61.3% 56.4% 8.0% In 2018, the employment rate in Alberta Quebec 64.6% 61.0% 5.5% was 67.2%, the highest in the country Ontario 64.5% 60.9% 5.6% and 5.6 percentage points higher than the Manitoba 67.2% 63.2% 6.0% national average1. Alberta’s participation Saskatchewan 68.7% 64.5% 6.1% rate was 71.9%, the highest in Canada Alberta 71.9% 67.2% 6.6% and 6.5 percentage points higher than the British Columbia 64.9% 61.8% 4.7% Canadian average. Alberta’s unemployment rate was 6.6%, higher than the national average by 0.8 percentage points (Table 1). Figure 1 Labour Force Statistics, Canada and Provinces, 2018 58.9% 50.8% 13.8 64.9% 71.9% 61.8% 68.7% 67.2% 67.2% 4.7% 64.5% 6.6% 63.2% 64.5% 64.6% 66.8% 6.1% 6.0% 60.9% 61.0% 60.5% 5.6% 5.5% Participation Rate 9.4% 61.3% Employment Rate 61.7% 56.4% 57.1% 8.0% Unemployment Rate 7.5% 1 Please see appendix for definitions. 3 Annual Alberta Regional Labour Market Review | 2018 Regional Analysis Figure 2 Alberta’s seven economic Alberta’s Seven Economic Regions regions: 1. Wood Buffalo - Cold Lake 2. Banff - Jasper - Rocky Mountain House and Athabasca - Grande Prairie - Peace River 3. Edmonton 4. Red Deer 1 5. Calgary 2 6. Camrose – Drumheller 7. Lethbridge – Medicine Hat 2,494,800 2,481,700 3 4 6 5 2017 2018 Alberta’s labour 7 force increased by over 13,100 Figure 3 Labour Force, Alberta’s Economic Regions, 2017 and 2018 88,300 Wood Buffalo-Cold Lake Alberta’s labour force increased by 0.5% 90,100 854,200 or 13,100 between 2017 and 2018. Three Edmonton 848,000 regions saw a decline in their labour force 126,300 Red Deer between 2017 and 2018: Wood Buffalo- 122,500 Cold Lake, down 2.0% or 1,800; Banff-Jasper-Rocky Mountain House and 201,100 Lethbridge-Medicine Hat, down 0.6% or Athabasca-Grande Prairie-Peace River 195,400 965,400 900; and Camrose-Drumheller, down Calgary 965,000 0.2% or 200. The labour force grew by 107,600 Camrose-Drumheller 6,200 in the Edmonton region, the largest 107,800 151,900 increase of the seven regions (Figure 3). Lethbridge-Medicine Hat 152,800 0 400,000 800,000 1,200,000 Labour Force 2018 2017 4 Annual Alberta Regional Labour Market Review | 2018 Between 2017 and 2018, unemployment Figure 4 in Alberta fell by 30,600. Unemployment Unemployment, Alberta’s Economic Regions, 2017 and 2018 fell in all seven regions in the province. 5,200 Wood Buffalo-Cold Lake The Edmonton region saw the largest 6,900 54,700 decrease in unemployment, at 14,100 or Edmonton 68,800 20.5%, followed by the Calgary region, at 6,900 Red Deer 7,800 or 9.7% (Figure 4). 8,500 Banff-Jasper-Rocky Mountain House and 11,200 Athabasca-Grande Prairie-Peace River 12,600 72,900 Calgary 80,700 In 2018, the 5,500 Camrose-Drumheller unemployment rate was 8,600 below 6.0% in five of the 7,800 Lethbridge-Medicine Hat seven regions 8,700 0 20,000 40,000 60,000 80,000 Unemployment 2018 2017 Alberta’s unemployment rate was 6.6% in 2018, down 1.2 percentage points from Figure 5 the previous year. Unemployment rates Unemployment Rate, Alberta’s Economic Regions, 2017 and 2018 fell in all seven regions, with the 5.9% Camrose-Drumheller region seeing the Wood Buffalo-Cold Lake 7.7% largest decrease, down 2.9 percentage 6.4% Edmonton points (Figure 5). 8.1% 5.5% Red Deer 6.9% In 2018, the Lethbridge-Medicine Hat and Banff-Jasper-Rocky Mountain House and 5.6% Athabasca-Grande Prairie-Peace River 6.4% Camrose-Drumheller regions had the 7.6% Calgary lowest unemployment rates in the 8.4% province, at 5.1%. 5.1% Camrose-Drumheller 8.0% 5.1% Lethbridge-Medicine Hat 5.7% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% Unemployment Rate 2018 2017 5 Annual Alberta Regional Labour Market Review | 2018 Between 2017 and 2018 employment Figure 6 increased by 43,800 in Alberta to Employment, Alberta’s Economic Regions, 2017 and 2018 2,330,700. Employment fell in one of the 83,100 Wood Buffalo-Cold Lake seven regions in the province: Wood 83,300 Buffalo-Cold Lake had an employment 799,500 Edmonton 779,300 decrease of 200 or 0.2%. The Edmonton 119,500 region had the largest increase in Red Deer 114,000 employment at 20,200 or 2.6% (Figure 6). Banff-Jasper-Rocky Mountain House and 189,900 Athabasca-Grande Prairie-Peace River 182,700 892,500 Calgary 2,330,700 884,300 102,100 Camrose-Drumheller 99,300 2,286,900 144,000 Lethbridge-Medicine Hat 144,000 2017 2018 0 200,000 400,000 600,000 800,000 1,000,000 Employment Employment 2018 2017 increased by Figure 7 43,800 in Alberta Full-Time Employment, Alberta’s Economic Regions, 2017 and 2018 73,800 Wood Buffalo-Cold Lake 73,200 658,500 Edmonton Between 2017 and 2018 full-time 639,500 96,000 employment increased by 50,800 in Red Deer 89,500 Alberta to 1,916,300. Full-time Banff-Jasper-Rocky Mountain House and 159,100 employment increased in all seven Athabasca-Grande Prairie-Peace River 150,100 731,100 regions: Edmonton had the largest full- Calgary 719,400 time employment increase at 19,000 or 81,500 Camrose-Drumheller 78,900 3.0%, followed by the Calgary region with 116,300 an increase of 11,700 or 1.6% (Figure 7). Lethbridge-Medicine Hat 114,900 0 200,000 400,000 600,000 800,000 Full-time Employment 2018 2017 6 Annual Alberta Regional Labour Market Review | 2018 Wood Buffalo-Cold Lake In 2018, the region’s participation rate, at 76.8%, was the highest among all regions The Wood Buffalo-Cold Lake region saw a 24.6% decrease in unemployment Table 2 Wood Buffalo-Cold Lake between 2017 and 2018. Employment in Economic Region, Labour Force Statistics the region fell by 0.2% in 2018 compared 2017 2018 Change to 2017, decreasing from 83,300 in 2017 Working Age Population 117,500 115,000 -2.1% to 83,100 in 2018. The participation rate Labour force 90,100 88,300 -2.0% was 76.8% in 2018, the highest among the seven regions (Table 2). Employment 83,300 83,100 -0.2% Unemployment 6,900 5,200 -24.6% Unemployment rate 7.7% 5.9% -1.8 pp Participation rate 76.7% 76.8% 0.1 pp The region had the highest employment rate at 72.3% Figure 8 Wood Buffalo-Cold Lake Economic Region, Unemployment Rate 2017-2018 Unadjusted 3-Month Moving Average Figure 8 displays the unadjusted three- 10% month moving average unemployment 9% rates for the Wood Buffalo-Cold Lake 8% 7% region in 2017 and 2018. The 6% unemployment rate for this region was 5% lower in 2018 than the previous year. 4% 3% The 2018 annual unemployment rate for 2% the Wood Buffalo-Cold Lake region was 1% 0% 5.9%. This was 1.8 percentage points Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec lower than in 2017. Starting July 2018 the 2017 9.1% 9.1% 9.1% 8.6% 8.3% 7.7% 7.4% 7.7% 7.3% 6.9% 6.4% 6.2% monthly unemployment rate was steadily 2018 6.3% 6.0% 5.7% 6.0% 6.4% 6.5% 6.3% 6.0% 5.9% 5.5% 5.3% 5.1% decreasing (Figure 8). 7 Annual Alberta Regional Labour Market Review | 2018 The Other Services industry had the highest year-over-year increase in Table 3 Wood Buffalo-Cold Lake, Alberta Economic Region, Employment Statistics employment Change Industry* 2018 2017 from 2017 Agriculture 1,700 ** ** Forestry, Fishing, Mining, Quarrying, 21,600 21,400 200 Table 3 shows the change in Goods- Oil and Gas Producing employment by industry between Sector Utilities ** ** ** 2017 and 2018 in the Wood Buffalo- Construction 9,000 9,000 0 Cold Lake region. Employment rose Manufacturing ** 1,600 ** in the Goods-Producing sector by Trade 9,500 10,300 -800 100 and fell in the Services- Transportation and Warehousing 4,800 4,900 -100 Producing sector by 200 between Finance, Insurance, Real Estate and 2017 and 2018.
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