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2016 Annual Alberta Regional Labour Market Review

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2016 Annual Alberta Regional Labour Market Review 2016 Annual Alberta Regional Labour Market Review Wood Buffalo-Cold Lake . Lethbridge-Medicine Hat Banff-Jasper-Rocky Mountain House and Athabasca-Grande Prairie-Peace River Edmonton . Red Deer . Calgary . Camrose-Drumheller . 1 Table 1 Overview Labour Force Statistics, Canada and Provinces, 2016 Participation Employment Unemployment Province Rate (%) Rate (%) Rate (%) In 2016, Alberta had the highest Canada 65.7% 61.1% 7.0% participation rate and Newfoundland and 60.5% 52.4% 13.4% employment rate among all Labrador Prince Edward 65.8% 58.7% 10.7% Canadian provinces Island Nova Scotia 61.7% 56.6% 8.3% In 2016, the employment rate in Alberta at 66.6% was the highest in the country and New Brunswick 62.3% 56.4% 9.5% 5.5 percentage points higher than the Quebec 64.6% 60.0% 7.1% national average (see glossary of Ontario 65.0% 60.7% 6.5% definitions). Alberta’s participation rate at Manitoba 67.6% 63.4% 6.1% 72.5% was the highest in Canada and 6.8 percentage points higher than the Saskatchewan 69.8% 65.4% 6.3% Canadian average. Alberta’s Alberta 72.5% 66.6% 8.1% unemployment rate at 8.1% was higher British Columbia 64.4% 60.5% 6.0% than the national average by 1.1 percentage points (See Table 1). Figure 1 Labour Force Statistics, Canada and Provinces, 2016 60.5% 52.4% 13.4% 64.4% 72.5% 60.5% 69.8% 67.6% 6.0% 66.6% 65.4% 63.4% 8.1% 65.0% 64.6% 65.8% 6.3% 6.1% 60.7% 60.0% 58.7% 6.5% 7.1% 10.7% Participation Rate 62.3% Employment Rate 61.7% 56.4% 56.6% 9.5% Unemployment Rate 8.3% Source: Statistics Canada Labour Force Survey 1 Regional Analysis Alberta’s seven economic regions: Figure 2 1. Athabasca - Grande Prairie - Peace Alberta’s Seven Economic Regions River and Banff - Jasper - Rocky Mountain House 2. Camrose – Drumheller 3. Edmonton 4. Lethbridge – Medicine Hat 5. Wood Buffalo - Cold Lake 5 6. Red Deer 1 7. Calgary 3 6 2 2,464,600 7 4 2,449,200 Alberta’s 2015 2016 labour force Figure 3 increased by over 15,000 Labour Force, Alberta’s Economic Regions, 2015 and 2016 90,100 Wood Buffalo-Cold Lake Alberta’s labour force increased by 0.6% 92,500 or 15,400 between 2015 and 2016. Four 840,400 Edmonton regions saw a decline in their labour force 829,400 122,600 Red Deer between 2015 and 2016: Banff-Jasper- 124,900 Rocky Mountain House and Athabasca- Banff-Jasper-Rocky Mountain House and 195,300 Grande Prairie-Peace River, Wood Athabasca-Grande Prairie-Peace River 203,900 947,800 Buffalo-Cold Lake, Red Deer, and Calgary Camrose-Drumheller. The Banff-Jasper- 935,300 108,400 Camrose-Drumheller Rocky Mountain House and Athabasca- 108,500 Grande Prairie-Peace River had its labour 159,900 Lethbridge-Medicine Hat force decline by 4.2%, or 8,600. Wood 154,700 Buffalo-Cold Lake decreased by 2.6% or 0 200,000 400,000 600,000 800,000 1,000,000 2,400. The Red Deer region had its labour Labour Force force decline by 1.8% or 2,300. Camrose- 2016 2015 Drumheller region had its labour force decline by 0.1% or 100. The labour force grew by 12,500 in the Calgary region, the largest increase of the seven regions. In 2016, the Edmonton and Calgary regions accounted for 72.6% of Alberta’s labour force (See Figure 3). Source: Statistics Canada Labour Force Survey 2 In 2016, the unemployment rate Figure 4 Unemployment, Alberta’s Economic Regions, 2015 and 2016 was in the Banff- below 7.0% Jasper-Rocky Mountain House and 8,400 Wood Buffalo-Cold Lake Athabasca-Grande Prairie-Peace 7,300 River; and the Lethbridge-Medicine 61,900 Edmonton Hat regions 49,200 10,600 Red Deer 7,800 Between 2015 and 2016, unemployment Banff-Jasper-Rocky Mountain House and 13,500 in Alberta rose by 52,800 (See Figure 4). Athabasca-Grande Prairie-Peace River 12,000 Unemployment rose in every region in the 86,900 Calgary province. The Camrose-Drumheller region 59,200 8,500 saw the largest growth rate in Camrose-Drumheller 4,900 unemployment, at 73.5%, followed by the 11,000 Lethbridge-Medicine Hat Calgary region, which had an increase of 7,700 46.8%. The Banff-Jasper-Rocky Mountain 0 20,000 40,000 60,000 80,000 100,000 House and Athabasca-Grande Prairie- Unemployment Peace River region saw the smallest 2016 2015 percentage increase in unemployment, at 12.5% (See Figure 4). Alberta’s unemployment rate was 8.1% in 2016, up 2.1 percentage points from the previous year (See Figure 5). Unemployment rates rose in all seven Figure 5 regions, with the Camrose-Drumhelle Unemployment Rate, Alberta’s Economic Regions, 2015 and 2016 region seeing the largest increase, up 3.3 9.3% Wood Buffalo-Cold Lake percentage points. The smallest increase 7.9% 7.4% in the unemployment rate was in the Edmonton 5.9% Banff-Jasper-Rocky Mountain House and 8.6% Red Deer Athabasca-Grande Prairie-Peace River 6.2% region, up 1.0 percentage point. Banff-Jasper-Rocky Mountain House and 6.9% Athabasca-Grande Prairie-Peace River 5.9% 9.2% In 2016, the Banff-Jasper-Rocky Calgary Mountain House and Athabasca-Grande 6.3% 7.8% Camrose-Drumheller Prairie-Peace River; and the Lethbridge- 4.5% Medicine Hat regions had the lowest 6.9% Lethbridge-Medicine Hat unemployment rate in the province, at 5.0% 6.9%. 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% Unemployment Rate 2016 2015 Source: Statistics Canada Labour Force Survey 3 Employment Figure 6 Employment, Alberta’s Economic Regions, 2015 and 2016 2,301,100 decreased by 81,800 37,300 In Wood Buffalo-Cold Lake 85,200 Alberta 2,263,800 778,400 Edmonton 780,100 2015 2016 112,100 Red Deer 117,100 Banff-Jasper-Rocky Mountain House and 181,800 Athabasca-Grande Prairie-Peace River 192,000 Between 2015 and 2016 employment 861,000 Calgary decreased by 37,300 in Alberta to 876,100 2,263,800. Employment fell in six of 100,000 Camrose-Drumheller seven regions in the province: Calgary had 103,500 148,900 the largest employment decrease of Lethbridge-Medicine Hat 147,100 15,100 or 1.7%, followed by the Banff- 0 200,000 400,000 600,000 800,000 1,000,000 Jasper-Rocky Mountain House and Employment Athabasca-Grande Prairie-Peace River 2016 2015 region with an decrease of 10,200 or 5.3% (See Figure 6). The Lethbridge-Medicine Hat region had an increase in employment Figure 7 of 1.2% or 1,800. Full-Time Employment, Alberta’s Economic Regions, 2015 and 2016 70,600 Wood Buffalo-Cold Lake Between 2015 and 2016 full-time 74,700 643,400 employment decreased by 68,800 in Edmonton 651,700 Alberta to 1,842,000. Full-time 87,300 Red Deer employment fell in all seven regions: 94,400 Calgary had the largest full-time Banff-Jasper-Rocky Mountain House and 144,000 employment decrease at 25,400 or 3.5%, Athabasca-Grande Prairie-Peace River 159,800 700,100 followed by the Banff-Jasper-Rocky Calgary 725,500 Mountain House and Athabasca-Grande 78,900 Camrose-Drumheller Prairie-Peace River region with an 85,300 increase of 15,800 or 9.9% (See Figure 7). 117,600 Lethbridge-Medicine Hat 119,500 0 200,000 400,000 600,000 800,000 Full-time Employment 2016 2015 Source: Statistics Canada Labour Force Survey 4 Wood Buffalo-Cold Lake In 2016, the region’s participation rate, at 76.1%, was the highest among all regions The Wood Buffalo-Cold Lake region saw a 15.1% increase in unemployment between 2015 and 2016. Employment in Table 2 the region fell by 4.0% in 2016 compared Wood Buffalo-Cold Lake Economic Region, Labour Force Statistics to a year ago, decreasing from 85,200 in 2015 2016 Change 2015 to 81,800 in 2016. The participation Working Age Population 117,400 118,400 0.9% rate was 76.1% in 2016, the highest Labour force 92,500 90,100 -2.6% among the seven regions (See Table 2). Employment 85,200 81,800 -4.0% The region had the highest Unemployment 7,300 8,400 15.1% employment rate at 69.1% Unemployment rate 7.9% 9.3% 1.4 pp Participation rate 78.8% 76.1% -2.7 pp Figure 8 displays the unadjusted three- month moving average unemployment rates for the Wood Buffalo-Cold Lake Figure 8 region in 2015 and 2016. The Wood Buffalo-Cold Lake Economic Region, unemployment rate for this region was Unemployment Rate 2015-2016 Unadjusted 3-Month Moving Average higher in 2016 than the previous year. 12% The 2016 annual unemployment rate for 10% the Wood Buffalo-Cold Lake region was 9.3%. This region had the highest 8% unemployment rate among the seven 6% regions in Alberta, followed by Calgary at 9.2%. 4% 2% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2015 5.4% 6.6% 7.4% 8.3% 8.6% 8.2% 8.0% 7.6% 7.5% 7.3% 8.1% 8.6% 2016 9.0% 9.3% 9.8% 10.2 9.5% 9.1% 8.9% 8.9% Note: Data not available for this region from June to September 2016 due to the Ft McMurray fires.
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