Unemployment Numbers – June Update
Jul 11, 2014
The latest unemployment numbers for June released today from Statistics Canada:
1) Albert unemployment increased from 4.6% to 4.9%.
While this immediately suggests the markets slipped, in truth more jobs were created with more people employed, however there was a faster increase to the labour force and population entering Alberta that skewed the numbers. (There are not less people working, just have more who have come to the province that have not become employed yet.) Any number of 5% or less in unemployment terms is considered full employment.
2) Saskatchewan saw a minor increase from 3.7% to 3.8%.
They are in the same scenario as Alberta: increase not reflective of less people working.
3) BC moved from 6.1% to 6.2%
The province remains stable- 6.2% is a strong number for BC and the small move is again the same as the rest of Western Canada, with more people being employed but not as many as entering the labour force.
4) Nationally, Canada went from 7% to 7.1% unemployment.
The total country did reflect less people actually working and driven most by Quebec and Ontario.