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Calgary & Area Labour Market Report

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Calgary & Area Labour Market Report Calgary & Area Labour Market Report Second Quarter 2009 Alberta Employment and Immigration Calgary & Area Labour Market Report – Second Quarter 2009 TABLE OF CONTENTS Introduction .....................................................................................................4 Organization of the Report............................................................................................... 4 Executive Summary........................................................................................5 The Economy.................................................................................................13 Global Economy............................................................................................................. 13 U.S. Economy................................................................................................................ 16 Canadian Economy........................................................................................................ 21 Contributory Influences ................................................................................................................................. 22 Alberta Economy............................................................................................................ 26 Contributory Influences ................................................................................................................................. 29 Calgary Region Economy .............................................................................................. 37 Contributory Influences ................................................................................................................................. 39 Trends in the Labour Market .......................................................................45 Canada .......................................................................................................................... 45 Q2 2009 ......................................................................................................................................................... 45 Alberta ........................................................................................................................... 48 Q2 2009 ......................................................................................................................................................... 48 Calgary Census Metropolitan Area (CMA)..................................................................... 52 Q2 2009 ......................................................................................................................................................... 52 Community Profiles ......................................................................................54 Town of High River ........................................................................................................ 54 Population ...................................................................................................................................................... 55 Education ....................................................................................................................................................... 56 Labour Force ................................................................................................................................................. 57 Housing .......................................................................................................................................................... 58 Major Projects................................................................................................................................................ 59 Other Communities in the Calgary Region..................................................................... 59 Housing .......................................................................................................................................................... 59 Inventory of Projects ..................................................................................................................................... 61 Community News .......................................................................................................................................... 63 Calgary & Area Employer Survey ...............................................................66 Q2 2009 Survey Results: Medium-Sized Companies (50 - 99 employees).................... 66 Comparative Analysis .................................................................................................... 94 Labour Market Information Review...........................................................104 Labour Market News Highlights ................................................................................... 104 Volume 11. Issue 4. April 2009 .................................................................................................................. 104 Volume 11. Issue 5. May 2009................................................................................................................... 104 Volume 11. Issue 6. June 2009.................................................................................................................. 105 Employer Labour Market News Highlights................................................................... 106 Volume 4. Issue 3. May 2009..................................................................................................................... 106 Job Ad Analysis ........................................................................................................... 106 Calgary Sun Classifieds.............................................................................................................................. 106 Appendix A ..................................................................................................108 Survey Methodology .................................................................................................... 108 Alberta Employment and Immigration 2 Calgary & Area Labour Market Report – Second Quarter 2009 Disclaimer Alberta Employment and Immigration has made every effort to ensure that the information contained in this report is reliable, but makes no guarantee of its accuracy or completeness. The user of any information in this report accepts full responsibility and risk of loss resulting from decisions made by the user. Alberta Employment and Immigration 3 Calgary & Area Labour Market Report – Second Quarter 2009 INTRODUCTION Alberta Employment and Immigration provides career and labour market information products and resources, with both a provincial and local/regional focus, in order that Albertans have the skills, supports and information they need to succeed in the labour market. This report provides labour market information and analysis for use by Albertans in learning about the labour market and career planning; by employers and industry for use in understanding and addressing labour market issues; and by the Alberta Employment and Immigration Calgary Region for use in strategic planning for programs and services. ORGANIZATION OF THE REPORT This report contains the following information: Economic Overview – The Calgary regionʼs economy is influenced by global economic conditions, and by economic drivers in the Canadian economy and elsewhere in Alberta. This section provides information on economic activity in the second quarter of 2009, as well as outlooks (where available) for the global, U.S., Canada, Alberta and Calgary region economies. Trends in the Labour Market – This section examines labour market information for Canada, Alberta and the Calgary Census Metropolitan Area (CMA). The information provided in this section is based upon Statistics Canadaʼs Labour Force Survey. Community Profiles – This section highlights some of the happenings in the second quarter of 2009 in the communities surrounding Calgary, along with a more detailed profile of the town of High River. Calgary and Area Employer Survey – This section highlights findings from a survey conducted in the second quarter of 2009 of Calgary and area companies with 50 - 99 employees. Results of this survey are compared to the results of a survey conducted in the second quarter of 2008 (companies with 50 - 99 employees). Labour Market Information Review – The Calgary & Area Labour Market News, published monthly, provides current labour market information and analysis geared toward job seekers. The Calgary & Area Employer Labour Market News, published bi-monthly, is geared toward employers, business and industry. This section highlights the content in the April, May and June 2009 issues. Alberta Employment and Immigration 4 Calgary & Area Labour Market Report – Second Quarter 2009 EXECUTIVE SUMMARY The Economy Global Economy The current global economic downturn is now the sharpest recession since the Great Depression. The rate of world economic contraction is now projected to be 1.3 per cent in 2009. However, the global economy is expected to experience moderate recovery as stabilization of the worldʼs financial institutions continue to recover next year. In 2010, the world economy is forecast to grow by 1.9 per cent. • Total output of the advanced economies is now expected to decline by 3.8 per cent in 2009. In 2010, the economic output projection for advanced economies is now projected to be flat at zero (no change). • Of the major advanced economies, Japan has the distinction
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