The latest job market numbers in Canada show that the unemployment rate is down to its lowest level in six years.
According to Statistics Canada, Alberta is leading the way in job creation.
ATB Financial’s Chief Economist Todd Hirsh said “for Alberta right now it’s leaning more towards an employees’ market. A lot of help wanted signs around, a lot of opportunities for people moving here from other parts of the country, or other parts of the world, so it’s more of an employees’ market. Employers are the ones who are really starting to feel the pinch of a tight job market.”
One third of the jobs created in the past year have been in Alberta and most of them are full-time positions. The unemployment rate in Alberta is 4.4 per cent.
The Statistics Canada employment report show that the bulk of the jobs were created in Alberta, Saskatchewan, Ontario and Newfoundland and Labrador, while the other provinces saw only small changes.
Ontario added the most jobs with 24,700 new positions, dropping its unemployment rate down by three-tenths of a percentage point to 7.1 per cent.
New Brunswick was the only province that saw its unemployment rate increase last month – rising 0.9 percentage points to 9.6 per cent.
(With files from Canadian Press)