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Alberta reaches highest unemployment rate since 1994

The unemployment rate in western Alberta is back down to where is was in June 2015. It dropped another 0.2 percentage points in November, making it the fourth month in a row it’s fallen.

The number of people looking for work in the economic region that stretches from Banff to Peace River peaked at 7.9 per cent in January and February of this year. It’s now 5.4 per cent and the lowest in the province.

Unemployment across the province continues to rise and is now the highest it’s been since 1994. Employment fell by 13,000 last month, and 11,000 more people starting looking for jobs, pushing the rate up half a per cent to nine per cent. Unemployment in Alberta is up 30 per cent over the last year.

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