In its daily The Owl commentary, the financial institution said “Albertans looking for work may still be having a challenge, especially since good quality jobs were particularly hard hit during the recession. But the latest snapshot of the jobs market may be pointing towards an encouraging trend.”
It said that despite losing 1,800 positions in April, the province saw a surge in full-time jobs with 8,900 new positions while there was a decline in part-time positions 10,700.
“While this left fewer people without jobs overall, it does suggest better quality, full-time jobs are coming back,” said ATB. “The unemployment rate picked back up to 6.7 per cent, an increase of four-10ths of a percentage point from the previous month. This remains the highest rate of unemployment in the country outside of Atlantic Canada.”
Across the province, the last 12 months have seen strong employment gains in manufacturing (+13,100), oil and gas (+11,200), and professional, scientific and technical services (+8,100), said ATB. Employment in these sectors tends to be higher paying, reinforcing the notion that good quality jobs are gradually returning. The sectors still shedding jobs over the last year include wholesale and retail trade (-5,800) and accommodation and food (-2,500).
Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.
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