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Employment insurance numbers highlight labour market recovery

Employment insurance numbers highlight labour market recovery

Posted on: 10/19/2017 | Author: ATB Financial's Economics + Research Team

One of the hardest hit segments of Alberta’s economy during the economic downturn was the province’s labour market. This year, however, employment has made some real strides. The total number of jobs is up from last year, the unemployment rate is lower and now the number of employment insurance beneficiaries has continued to decline again.

The number of people receiving employment benefits in August was 3,000 less than July. In Alberta, 67,200 people received benefits in August, down four per cent from the previous month. August’s total was 30 per cent lower than the same time last year. The last time the number of beneficiaries was this low was early in 2016. Within Alberta, the declines were spread across the province, including Edmonton (-4.1 per cent) and Calgary (-3.0 per cent).

For the most part, the overall decline in employment insurance benefits from the beginning of the year is due to a recovery in Alberta’s labour market and a strengthening economy. Still, there is a chance that some of this decline has to do with some Albertans running out of weeks of eligibility.

That said, the overall downward trend in E.I. recipients is expected to continue. Especially as Alberta’s labour market continues to recover, more Albertans continue to find employment and the economy continues to progress

Alberta employment insurance receipts, graph??

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