This morning Statistics Canada released the January 2014 Labour Force Survey data. Here are a few quick highlights for the Edmonton Census Metropolitan Area:
- Employment increased slightly from December, by 1,800 net jobs (seasonally adjusted). Compared to January 2013, employment in Edmonton was up by 24,600.
- The unemployment rate was 5.5%, unchanged from December. This is because the gain in employment was nearly matched by a 1,700 increase in Edmonton’s labour force.
- The sectors with the highest year-over-year job growth in January were Professional, Scientific, and Technical Services (12,100) and Transportation and Warehousing (7,800). Note that these data are not seasonally adjusted, so they’re not strictly comparable to the overall numbers.
Nationally, Canada’s labour market significantly outperformed forecasts with a net gain of 29,000 jobs in January. Alberta saw a marginal increase of 6,600 jobs, which is not especially noteworthy. What is noteworthy is this quote from Statistics Canada:
In Alberta, employment was virtually unchanged in January. Compared with 12 months earlier, however, employment was up 70,000 (+3.2%), accounting for nearly half of the national gains of 146,000. (Source: The Daily)
Edmonton accounted for 24,600 of Alberta’s 70,000 net new jobs, so our city alone was responsible for roughly 17% of national annual job growth in January. Not too shabby, considering we only account for about 3.5% of Canada’s population.