Unemployment Rates for November 2013

Dec 06, 2013

The latest unemployment figures were released for Nov 2013. The Canadian unemployment rate remained steady at 6.9% with jobs and labour market complementing each other.

In Alberta the number of people working saw an increase of 10,900 however, this was complemented by and addition to the labour force of 18,000 people resulting in a slight increase in unemployment from 4.4% to 4.7%. Of that 18,000 increase in labour force, 7,000 were new to the province while remaining 11,000 returned to the market after previously being in it. Year over year Alberta has seen a labour force increase of 93,800 people and job increase of 78,100.
Employment growth year-over-year in Alberta accounted for 43.6% of Canada’s employment growth over the same period.

In British Columbia there was also a slight increase to the unemployment rate, moving from 6.5% to 6.7%. The rise is due to a decrease in jobs (8,200 fewer jobs) with a complemented reduction in labour force (5,900) to a lesser magnitude. Year over year BC has seen a labour force reduction of 16,900 people and job reduction of 15,500