Alberta Created 87% Of All New Canadian Jobs

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The following Canadian Press article puts a very sharp point on the importance the Alberta economy has to play on the rest of Canada. While many speak of the virtues of the knowledge based economy, it is the resource extraction sector in Alberta that is producing the new net jobs in this past year. A total of 94,700 net new jobs were created in Canada, of those 82,300 were created in Alberta.
To read the entire CP article click HERE.

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OTTAWA – When it comes to job creation in Canada, there’s Alberta and then there’s everybody else.

Employment data for February showed that the oil-rich western province created an impressive 18,800 jobs, largely in construction, mining and oil and gas, while in the rest of the country overall employment fell.

Economists warn against staking too much on any one-month data point, but the February result is no outlier.

As the Statistics Canada report showed, Alberta is responsible for almost all the new net jobs generated in the past year – 82,300 of the 94,700 country-wide, or 87% – as the province saw employment rise an impressive 3.8%.

By comparison, provinces not called Alberta only gained about 12,000 which, for the purposes of the agency’s survey, constitutes a rounding error.