Updated
Updated · reddeeradvocate.com · Jul 11
Red Deer Unemployment Rate Climbs to 7.4% in June, Highest Among 4 Alberta Regions
Updated
Updated · reddeeradvocate.com · Jul 11

Red Deer Unemployment Rate Climbs to 7.4% in June, Highest Among 4 Alberta Regions

2 articles · Updated · reddeeradvocate.com · Jul 11

Summary

  • Red Deer’s seasonally adjusted unemployment rate rose 0.8 percentage points to 7.4% in June, based on Statistics Canada’s three-month moving average.
  • A loss of about 100 jobs and a labour-force increase of 400 pushed the rate higher, even as more people entered the job market.
  • Among Alberta’s four tracked regions, Red Deer posted the highest unemployment rate; Edmonton was at 7.2%, Calgary 7.1% and Lethbridge 5.5%.
  • Alberta’s overall unemployment rate was tied with Ontario for the fourth-highest in Canada, while the national rate edged down 0.1 point to 6.5%.
  • Provincewide, June employment rose by 6,800 and the labour force grew by 20,200, with gains concentrated in private-sector jobs and industries including retail and construction.

Insights

Alberta is Canada's fastest-growing province, so why does it have one of the highest unemployment rates in the country?
Red Deer's unemployment is now Alberta's highest. Can a major airport expansion reverse this troubling trend before it worsens?
With the critical North American trade deal review just weeks away, are regional job markets like Red Deer's facing an even tougher future?