Alberta’s unemployment rate rose 0.2 percentage points from 4.8% in May to 5.0% in June. The national rate remained unchanged at 7.1%. Alberta’s unemployment rate increase was the result of an additional 3,500 people searching for work and joining the labour force. Despite the addition of 18,600 new positions in May, the employment growth rate remained steady and fairly unchanged. An increase in private sector jobs by 1,600 positions was offset by the loss of 2,400 public sector positions. According to RBC Economics, real GDP growth indicates a strong and steady future with a 3.0% growth rate this year and a 4.2% increase in 2014.
Source : Cushman & Wakefield