Found 2 blog entries tagged as Unemployment.

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…

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ATB Economics

May 8, 2020

 
 
 
April job numbers show impact of
COVID-19
 

It’s not a surprise, but it still hurts to see the spike in unemployment and the reduction in total hours worked by those still employed brought on by the effort to contain COVID-19.

 

Alberta’s unemployment rate rose from an already high 8.7 per cent in March to 13.4 per cent in April. It has not been this high since the current data series began in 1976. For comparison, the average rate over the last 24 months was 7.2 per cent.

 

The unemployment rate is, however, only part of the…

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