Stability and Strength in Low Unemployment Numbers Continue for the West
Nov 06, 2012
Alberta unemployment rate for Oct is 4.5%, relatively unchanged since May, driving confidence and continued stability in Alberta markets. Alberta continues to be the lowest unemployment rate in Canada with Saskatchewan at 4.7% and Manitoba at 5.6%.
BC likewise is remaining relatively stable between 7% and 6.7% since May. October demonstrated a slight gain to 6.7% from September. BC is anchoring a strong position for the West relative to the rest of Canada. The Canadian unemployment figure is 7.4%, Ontario at 8.3% and Quebec at 7.7%.
Stability in the employment market drives organizational expansion, new hires and the confidence to pursue career goals and development.