Fort McMurray Unemployment Rate Stable at 8.9%

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From April’s high of 10.2 per cent, unemployment held fast at 8.9% in December, identical to Novembers rate.

For the first time since February, full time jobs grew with 4100 positions added to the local economy – somewhat bittersweet news after Oilsands companies recently cutting about 1,000 jobs.

This was in contrast to the part time jobs, which lost 2700 positions.

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No doubt key to these increases is the massive Reconstruction efforts poised to take place throughout 2017. Construction jobs in particular are expected to be in high demand.

To that extent, the Alberta government has even pledged 1 million to ensure there will be the necessary number of plumbers available.

In the fourth quarter of 2016 for all of Canada, employment increased by 108,000 (+0.6%), the largest increase since the second quarter of 2010. This followed a gain of 62,000 (+0.3%) in the third quarter.

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