Tuesday, December 6, 2022

Local jobless rate drops in November, Alberta unemployment jumps

Some very good news on the local jobs front Friday.

Stats Canada says the unemployment rate in the Lethbridge-Medicine Hat region fell to 4.9% in November.

That’s a big drop from 6.4% in October.

In fact, this is the biggest month-over-month drop in the local jobless rate in a very long time.

When it comes to Alberta though, not good news. Provincially, the jobless jumped half a percentage point to 7.2% with the loss of 18,000 jobs.

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From a national perspective the Canadian economy shed over 71,000 jobs in November as the overall unemployment jumped to 5.9%.

That’s the highest it’s been since August of 2018.

Alberta Jobless Rate by Region Nov. 2019

Lethbridge-Medicine Hat: 4.9%
Camrose-Drumheller: 3.7%
Calgary: 6.7%
Banff-Jasper-Rocky Mountain House: 5.7%
Athabasca-Grande Prairie-Peace River: 5.7%
Red Deer: 6.5%
Edmonton: 7.0%
Wood Buffalo-Cold Lake: 4.3%

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