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Calgary's unemployment rate is trending higher than Canada's — but it's not because of layoffs

Since about 2022, people have been moving to the city faster than they can find jobs

CBC NewsPaula Duhatschek

Calgary's unemployment rate continues to trend higher than the national average, but not for the reason you might expect. 

It isn't because local companies are laying workers off en masse — it's because people are moving to Alberta faster than they can find jobs. 

"We're going through a period of adjustment — it'll take some time for the labour market to absorb all the people," said Mark Parsons, chief economist at ATB Financial, an Alberta government-owned bank.

While job growth in the province h…

Continued...

Read the full story on the CBC website

Calgary's unemployment rate is trending higher than Canada's — but it's not because of layoffs

SOURCE www.cbc.ca

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https://reddeer.lokol.me/s/calgarys-unemployment-rate-is-trending-higher-than-canadas--but-its-not-because-of-layoffs-73918-10040989
CBC NewsPaula Duhatschek, Posted: Dec 09, 2024 4:00 AM EST | Last Updated: 12 minutes ago
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