More than three times as many new jobs were created in Canada last month ( between 10, 000 and 25, 000 ), shattering expectations and prompting Calgary Economic Development to release a somewhat optimistic outlook on the city’s job market and economy. The latest statistics from Statistics Canada show Canada’s poverty level in December 2024 was 6.7 per cent — that’s 0.1 per cent lower than it was in November— even beating experts objectives.
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According to career statistics from Statistics Canada, the sectors of the Calgary market that saw the most new jobs created include those in the fields of construction, healthcare, and retail industry.
World Calgary
In Alberta, the’ poverty’ rate fell to 6.7 per share in December, over .8 per share from November and led by a large decline in Edmonton’s jobless rate which plummeted from 8.3 per share in November to 7.4 per cent in December. Calgary, however, merely saw a little lower from 7.9 per cent in November to 7.8 per cent in December— that’s the second-highest unemployment rate amongst Canada’s major metropolitan areas, eclipsed simply by Toronto’s homeless rate of 8.4 per cent. But during that exact month-long day time, Calgary Economic Development says the city added 16, 000 work. That’s reflected in the fresh Stats Canada numbers that show that between Dec. 2023 and Dec. 2024, Calgary’s ‘ employment rate ‘ — or proportion of the population aged 15 and older who have jobs — jumped by 4 per cent with 100, 00 more people finding work, a rate double the national average.
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Kate Koplovich, director of technique for Calgary’s economic development, claims that Stats Canada’s most recent employment report demonstrates that Calgary is more prepared for a year of looming political uncertainty.
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Kate Koplovich, the chairman of strategy for Calgary Economic Development, Kate Koplovich, called it” a really good sign” and it means more of the persons moving to Calgary are finding work. We are definitely looking forward to 2025 to see more of that work industry balancing out where beginners are finding those work because there is always a slowdown in the number of visitors finding jobs, Koplovich said.” We are actually seeing slowdown in the number of newcomers finding jobs,” he said. 2: 06
Business Matters: Canadian economy added 91, 000 jobs in DecemberHealth care and social assistance, construction and wholesale and retail trade are the areas of Calgary’s economy that saw the most job growth and most of them were full-time jobs, which Koplovich called” a reassuring sign for the city that should lead to continued increases in household spending”.The largest decline was in professional services and technical services. Overall,” Calgary’s labour market closed 2024 on a stronger foot”, said Koplovich. The most recent national jobs report, which included the most recent inflation rate of 1.9 %, and the Bank of Canada’s latest interest rate cut of 0.25 per cent, are also expected to cause a further increase in Calgary as we face a year of looming geopolitical uncertainty. — with files from The Canadian Press.
