Alberta "lagging quite significantly," Alberta Central Chief Economist Charles St-Arnaud tells Global News.

A recent Statistics Canada labour force survey shows that improvement in the labour market is continuing, although the level of employment continues to remain well below its pre-pandemic level by almost 1.1. million jobs. For Alberta, that recovery appears to be slower than in the rest of the country says Charles St-Arnaud, chief economist at Alberta Central.

“In terms of level of employment, we’re about seven per cent below where we were pre-pandemic. In the rest of the country we’re about 5.6 per cent. So we’re still lagging in terms of job recovery,” he told Global News.

That underperformance comes from twin shock of a sharp decline in oil prices and production coupled with the impact of COVID-19 on the economy says St-Arnaud. Read the full story here.

Previous Post
Weekly COVID-19 news summary
Next Post
Weekly COVID-19 news summary
Menu