Construction was one sector that added more jobs in Alberta in October. (THE CANADIAN PRESS/Nathan Denette)

Construction was one sector that added more jobs in Alberta in October. (THE CANADIAN PRESS/Nathan Denette)

Red Deer unemployment rate rises to 5.5%

After a strong bounce-back month in September, unemployment numbers rose in October in Red Deer.

According to Statistics Canada data, the city’s unemployment rate in September was 4.5 per cent, but jumped back to 5.5 per cent in October. It was 7.8 per cent in October 2021.

Despite the unemployment rate rising, there was a notable rise in full-time employment – there were 88,100 full-time members of the workforce in October, which is 3,800 more than September.

Meanwhile, part-time employment increased to 21,000, from 20,300 last month.

The reason for the slight increase in the unemployment rate was due to the labour force growing substantially, from 109,500 to 115,500.

Alberta’s unemployment rate saw a slight decrease, from 5.4 per cent to 5.2 per cent, which is in line with Canada’s rate. Alberta’s unemployment rate in October of 2021 was 7.8 per cent.

“This year, tens of thousands more Albertans have been empowered to find meaningful work and build lasting careers. October’s numbers not only cite an increase of 14,000 full-time jobs, they show us that since this time last year, Albertans gained over 103,000 jobs,” said Minister of Jobs, Economy and Northern Development Brian Jean.

“These numbers are clear proof that our strong fiscal policies are making a difference, and we will continue to take action to build on Alberta’s strengths, and attract job-creating investment from across the world.”

Red Deer had the third lowest unemployment rate of all of the province’s listed areas in October. Camrose-Drumheller’s rate was 5.6 per cent, was 5.7 per cent, Wood Buffalo-Cold Lake and Banff-Jasper-Rocky Mountain House were at 5.7 per cent, Calgary sat at 5.6 per cent. Only Edmonton at 4.9 per cent and Lethbridge-Medicine Hat at 3.3 per cent had lower unemployment rate’s than Red Deer.

According to Alberta’s Labour Force adjusted statistics for October, industries that had the most employment gains across the province in the month were Construction (3,400), Trade (3,900), and Accommodation and Food Services (2,400).

centralalbertaEmploymentRedDeer

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