Red Deer area unemployment rate creeps up, still lowest in Alberta

By rdnewsNOW staff
January 5, 2018 - 8:30am Updated: January 5, 2018 - 12:08pm

The Red Deer area continues to have the lowest unemployment rate in Alberta.

Statistics Canada numbers show the December rate was 5.5 per cent. That is up slightly from November's 5.0 per cent. 

The Red Deer area unemployment rate in December 2016 was 8.0 per cent.

The Alberta rate dropped to 6.9 per cent last month from 7.3 in November as more than 26,000 new jobs were created.

Between December 2016 and December 2017, full time employment across the province increased by 45,800, and overall employment increased by 55,000.

The national unemployment rate fell to its lowest level in more than 40 years last month as the country closed out a year that saw it produce jobs at a pace not seen since 2002.

The economy added more than 422,000 jobs in 2017, with the gains driven by over 394,000 new full-time positions.

The unemployment rate dropped to 5.7 per cent in December -- the lowest mark since comparable data became available in 1976.

(Gary McKinnon)

 

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