Alberta – the economic powerhouse of the country – also shed nearly 12,000 jobs last month. But trends are built over several months, and December’s loss comes on the heels of five consecutive months of gains in Alberta.
Even counting the big drop last month, the province saw a net gain of nearly 71,000 jobs in 2013. And over the past three years, Alberta has added more than 200,000 jobs – about one-third of all the jobs created in Canada. The employment trend in the rest of the county may be questionable, but in Alberta the trend remains undeniably positive.
Peeling back a layer or two of data, however, reveals an even more interesting trend in Alberta’s labour market. Over the past three years, job creation in the province has been primarily of two types: High paying and low paying. In the language of economists, there’s been a “bimodal distribution” of job creation across the pay scale.
Chosen excerpts by Job Market Monitor. Read the whole story at
via The split personality of Alberta’s job juggernaut – The Globe and Mail.
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