Alberta economic snapshot for February 9, 2013

CALGARY, AB, Feb. 9, 2013/ Troy Media/ – The monthly Labour Force Survey from Statistics Canada is a closely watched gauge of how well the economy is performing, and yesterday’s report did not disappoint in Alberta.

After a one-month pullback in December, the provincial job market rebounded with a gain of 9,700 new positions in January (seasonally adjusted). Even better, almost all of these (8,600) were in full-time positions. Because more people entered the workforce – many of them new arrivals from other provinces – the unemployment rate remained unchanged at 4.5 per cent.

Read more:


Alberta economic snapshot for February 2, 2013

CALGARY, AB, Feb. 2, 2013/ Troy Media/ – The sources of competition between the provinces range from hockey scores of local teams to the local weather conditions. But in at least one indicator, Alberta leaves the rest of its provincial siblings in the dust: average weekly earnings.

In November 2012, the average employee in Alberta earned $1,086 per week (before taxes and other payroll deductions). That’s a whopping 19.2 per cent above the national average of $911 per week, and even 15 per cent above the province with the second highest average earnings: Newfoundland and Labrador.

Read more:

Alberta economic snapshot for January 26, 2013

CALGARY, AB, Jan. 26, 2013/ Troy Media/ – Measures of consumer price inflation are often met with some disbelief by the general public. Official statistics say one thing, but consumers get the feeling that prices are all going in one direction: HIGHER. This month, the official measure of inflation in Alberta is sure to get the skeptics fired up.

Read more:


Alberta economic snapshot for January 19, 2013

CALGARY, AB, Jan. 19, 2013/ Troy Media/ – Alberta factories, refineries, and meat packing plants are the economic engines for many communities throughout Alberta. But in November, they were running a bit slower – a trend that has been developing over the past year or so.

Shipments of manufactured goods totalled $6.14 billion in November, down about 1.8 per cent from the previous month, and the second lowest total to date in 2012. Over the first 11 months of last year, manufacturing shipments are still about 6.4 per cent higher than the same period in 2011, but the trend has been decidedly slower since peaking near the end of 2011.

Read more:


Alberta economic snapshot for Jan. 12, 2013

CALGARY, AB, Jan. 12, 2013/ Troy Media/ – Both Canada and Alberta are trading economies — and that means there’s a lot riding on the value of our exports to the rest of the word.

In November, international exports from Alberta slipped a bit to $7.6 billion, down from $8.1 billion in October. For the entire Canadian economy, global exports were also down. According to Statistics Canada  “Exports declined to $37.5 billion, as prices were down 1.3 per cent. Exports of farm, fishing and intermediate food products as well as metal and non-metallic mineral products contributed the most to the overall decline.”

Read more:


Alberta economic snapshot for Dec. 22, 2012

CALGARY, AB, Dec. 22, 2012/ Troy Media/ – One of the reasons Alberta is experiencing strong interprovincial in-migration is the hot job market and the fat paycheques that go with it. However, there is a big gap between the top and the bottom wage earners in the province – and the gap is growing.

Read more:

Alberta economic snapshot for Dec. 8, 2012

CALGARY, AB, Dec. 8, 2012/ Troy Media/ – After a few months of subdued growth, Alberta’s labour market kicked back into high gear in November. Total employment advanced by 10,100 – a gain of 0.5 per cent over the previous month. However, virtually all of these jobs were part-time positions. The provincial unemployment rate now stands at 4.2 per cent.

Read more:

Alberta economic snapshot for Dec. 1, 2012

CALGARY, AB, Dec. 1, 2012/ Troy Media/ – The woes in the global economy kept mounting in the third quarter of 2012. A crush of bad news from Spain, the United States, and even China has weighed down the world’s economic growth – and Canada was not immune.

Yesterday morning Statistics Canada reported that inflation-adjusted gross domestic product (GDP) advanced by only 0.1 per cent in the third quarter compared to the second quarter. On an annualized rate (that is, the growth expected over an entire year at this pace) growth was a mere 0.6 per cent. That was the slowest rate of growth in over a year. The sluggish growth in Canada was mostly the result of declines in exports and business investment.

Read more:

Alberta economic snapshot for Nov. 24, 2012

CALGARY, AB, Nov. 24, 2012/ Troy Media/ – Aside from the unemployment rate and data reporting new jobs created, another important indicator of the labour market is Statistics Canada’s report on Employment Insurance beneficiaries. The latest numbers confirm what most of the other labour reports are showing: Alberta is still the place to be for job seekers.

Read more: