Alberta Is Back: Unemployment Drops to Record Levels
Alberta's unemployment rate is continuing to decrease, dropping to the lowest May rate the province has seen since 2014.
According to Statistics Canada’s May 2022 Labour Force Survey, Alberta had a jobless rate of 5.3 per cent, down six-tenths of a percentage point from April when it sat at 5.9 per cent.
In May 2014 the province's unemployment rate was a meager 4.8 per cent.
"May’s job numbers reflect another month of strong economic momentum," said Jobs, Economy and Innovation Minister Doug Schweitzer in a statement. "We are diversifying and growing our economy while creating opportunities for Albertans.
"Alberta is once again the economic engine of Canada. In May, 69 per cent of the country’s total job growth was seen in our province.
"Alberta is back. More and more Canadians are recognizing this and are moving to our province at numbers not seen in seven or eight years. When paired with our nation-leading participation and employment rates, it is especially impressive that our unemployment continues to decline."
In Edmonton, employment has dropped to 6.2 per cent in May compared to 6.9 per cent in April.