Red Deer region’s unemployment drops in November

Provincially and Canada-wide November jobless rate increased

Red Deer region’s unemployment picture brightened last month.

Unemployment dropped to 6.5 per cent in November, down from 7.3 per cent in October. Unemployment is still significantly higher than a year ago when it sat at 5.4 per cent.

The provincial employment rate went the opposite direction, increasing to 7.2 per cent last month, compared with 6.7 per cent in October. A year ago, it was 6.2 per cent, according to the Statistics Canada numbers, which were adjusted to take into account seasonal fluctuations in jobs.

Last month, 2,338,700 Albertans were employed — 18,200 less than both a month or a year earlier.

National

October unemployment

The province’s increase seems at odds with the statistics for Alberta’s seven economic regions, which show unemployment improved in six of them. Only Edmonton’s unemployment rate increased, inching up to seven per cent last month from 6.9 per cent in October.

Job numbers for economic regions are not seasonally adjusted and based on a three-month moving average.

However, seasonally adjusted, Edmonton’s unemplpoyment rate increased to 7.7 per cent from 7.1 per cent in October — which is in line with the provincial picture.

Calgary’s seasonally adjusted rate saw unemployment drop to 6.9 per cent from 7.2 per cent. When the data was not seasonally adjusted the rate was 6.7 per cent in November and 7.4 per cent in October.

The other regions’ unemployment rates (not seasonally adjusted) last month were as follows. (Previous month in brackets) Wood Buffalo-Cold Lake 4.3 (5.1), Banff-Jasper-Rocky Mountain House and Athabasca-Grande Prairie-Peace River 5.7 (5.8), Calgary 6.7 (7.4), Camrose-Drumheller 3.7 (4.3) and Lethbridge-Medicine Hat 4.9 (6.4).



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