Oddball
Senior Member
Obviously the economic situation is something that is weighing heavily over Calgarians and other Albertans. A few discussions have started to pop up in other threads so I thought it might me a good idea to have a dedicated thread for sharing news and holding discussions.
I've prepared some graphics on recent employment statistics for Alberta and for Canada to help guide the discussion. The number are from Statcan, the graphics are my own. The stats cover the period from April 2014 to August 2016. Unfortunately, this particular data set is at the provincial level. So I can't drill down to Calgary, but perhaps when I have more time I can find a set that will allow me to do so.
I think the two most striking things to me are the decline in the growth rate of Alberta's Working population (Statcan Definition: Number of persons of working age, 15 years of age and over. Estimates in thousands, rounded to the nearest hundred.), and the continued rise in unemployment. I think if I were a potential developer, these would be the two stats I'd be most concerned with. Hopefully they'll start turning the corner soon.
Most of the other metrics are fairly flat. There are less people working full time and more people working part time, but not by huge amounts. Most of the growth in the labour force has gone into the pool of the unemployed. Labour force participation is down, but not strikingly so yet.
I've prepared some graphics on recent employment statistics for Alberta and for Canada to help guide the discussion. The number are from Statcan, the graphics are my own. The stats cover the period from April 2014 to August 2016. Unfortunately, this particular data set is at the provincial level. So I can't drill down to Calgary, but perhaps when I have more time I can find a set that will allow me to do so.
I think the two most striking things to me are the decline in the growth rate of Alberta's Working population (Statcan Definition: Number of persons of working age, 15 years of age and over. Estimates in thousands, rounded to the nearest hundred.), and the continued rise in unemployment. I think if I were a potential developer, these would be the two stats I'd be most concerned with. Hopefully they'll start turning the corner soon.
Most of the other metrics are fairly flat. There are less people working full time and more people working part time, but not by huge amounts. Most of the growth in the labour force has gone into the pool of the unemployed. Labour force participation is down, but not strikingly so yet.
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Full-Time Employment.png58.2 KB · Views: 3,001
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Labour Force Participation Rate.png55.6 KB · Views: 2,302
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Part-Time Employment.png60 KB · Views: 2,772
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Unemployment Rate.png59.4 KB · Views: 2,587
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Unemployment.png55.2 KB · Views: 2,622
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Working Population.png32.3 KB · Views: 3,157