ATB Economics | June 5, 2020

Unemployment Rate Hits Record High In May

Now that the Alberta economy has started to reopen, the big question is not how bad did things get when it was closed, but how quickly will it recover.

This is certainly the case when it comes to jobs. We know lots of jobs disappeared while the economy was in lockdown, but what we really want to know is when employment will get back to pre-pandemic levels.

Because today’s results from the Labour Force Survey capture the state of the job market just before the reopening of the Alberta economy began in mid-May, we will have to…