Alberta unemployment drops in August to 5.7 per cent

Alberta was one of only three provinces to see employment rise in the month of August.

According to the recently released monthly StatsCan Labour Force numbers, unemployment now sits at 5.7 per cent, which is roughly where it sat in June.

That’s a fall of 0.4 per cent from July.

Alberta is outperforming the national average in employment over the course of the last twelve months as well.

Statistics Canada noted that in the 12 months to August, employment in the province rose by 99,000 (+4.1per cent) and coincided with fewer job vacancies posted for the province, falling from 98,000 in June 2022 to 87,000 in June 2023.

The national unemployment rate was 5.5 per cent in August, ending a three-month streak of rising unemployment.