Alberta’s unemployment rate dropped dramatically last month.
Statistics Canada released its December 2024 Labour Force Survey on Friday, which showed Alberta’s unemployment rate sitting at 6.7 per cent, down from 7.5 per cent the month prior.
According to the report, employment increased by 35,000 (1.4 per cent), building on gains observed in three of the previous four months. The employment rate rose seven-tenths of a percentage points to 64.8 per cent.
Industries dependant on US
In the wake of U.S. president-elect Donald Trump’s threat of tariffs, the December Labour Force Survey examined the number of Canadians who work in industries where 35 per cent or more of the jobs depend on the U.S. demand for Canadian Exports – found to be around 1.8 million people, representing 8.8 per cent of total employment.
The report indicates that the Wood Buffalo-Cold Lake economic region has the highest share of employment in industries dependent on American demand for Canadian exports at 22.8 per cent.
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