Calgary's unemployment rate remains high not due to layoffs, but because migration to Alberta surpasses job creation, causing labor market adjustments, says economist Mark Parsons.
Calgary's unemployment rate hit 7.9% in November, exceeding the national average of 6.8%. Over the last decade, this trend has persisted, exacerbated by migration influx.
The recent spike in Calgary's unemployment rate follows strong interprovincial migration. While job growth is notable, it does not match the pace of incoming residents.
Recruitment manager Cristina Schultz notes a shift where job-seekers from Ontario and B.C., attracted by Alberta's opportunities, recognize that local candidates are favored by employers.
Collection
[
|
...
]