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Canada – Six of 10 provinces saw employment drop below year-ago levels

Looking deeper into last Friday’s jobs numbers, BMO’s Benjamin Reitzes says the Statistics Canada report “reinforced that the Alberta economy is in a league of its own.Canada flag

”Employment in Alberta, home to Canada’s oil industry, has climbed 3.2 per cent over the course of a year, compared to just 0.1 per cent for the rest of Canada.

“That’s +71,200 jobs for Alberta and $14,300 for the rest of the country – note that Alberta accounts for just over 11 per cent of the country’s population,” Mr. Reitzes said.

“Six of 10 provinces saw employment drop below year-ago levels, including all five east of Ontario,” he added.

via BMO on Canadas economy: There’s Alberta, then there’s everyone else – The Globe and Mail.

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