Quote:
Originally Posted by WarrenC12
So people are moving there for the cost of living without a job lined up? Seems questionable.
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As Build.It mentioned, it's quite common for one half of the couple to secure a job first in Alberta and move, and then the spouse goes to look for a job after settling down. It's one of the crazy things young Canadian families will now do in a desperate attempt to find affordable housing.
If you go through the latest StatsCan report, you will see that Alberta added the most jobs (+24K, which is approximately half the national total). The latest Workforce
Participation Rate for Alberta is also at 69.3%, which is much higher than BC's 63.6% and Ontario's at 65%. Accordingly Alberta's Employment rate at 64.1% is notably higher than BC's 59.9%.
Alberta has the country's highest population growth rate, and also sees the highest gain of interprovincial migration (by a mile).
Economist Charles St-Arnaud explains it well:
Alberta Central economist Charles St-Arnaud says not to panic — the province's rising unemployment rate doesn't mean people are losing their jobs. There are just so many people moving to the province and looking for work, and the labour market can't keep up.
"We're in a very special environment right now in Alberta," said St-Arnaud.
"Usually in the past when we've seen the unemployment rate going higher, it was usually because there was a recession and you started to see workers losing their jobs. We're not seeing that at the moment."
Alberta's unemployment rate rose to 7.5% in November, despite strong job growth
https://www.cbc.ca/news/canada/calgary/alberta-unemployment-november-1.7403502