NDP ‘recovery’? 16,000 more jobs lost
Nearly 16,000 Alberta jobs were lost last month, almost all full-time, according to new Statistics Canada numbers.
“The NDP’s plan isn’t working for everyday Albertans, with nearly 16,000 more jobs destroyed last month” said Drew Barnes, United Conservative Finance Critic and MLA for Cypress-Medicine Hat. “It’s clear yet again that the NDP government’s high-tax, high debt policies have failed Albertans, driving job-creating investment out of the province. This must change.”
According to this morning’s Statistics Canada numbers:
Over 169,000 Albertans are currently unemployed, a number which does not include the many more that have given up looking for work altogether.
The unemployment rate increased to 6.8, the highest outside of Atlantic Canada.
Full-time work has effectively stalled over the last 12 months.
For an Albertan who loses his or her job, the average duration of unemployment moved up to nearly 23.9 weeks.
The youth unemployment rate has risen to 11.8 per cent.
Following this morning’s numbers, economist Trevor Tombe also raised the prospect of a second recession.
A recent study from the University of Calgary’s School of Public Policy showed that Albertans unemployed today are waiting three times longer to return to work than they were just 10 years ago.
According to the Canadian Federation of Independent Business last week, Alberta’s business confidence dropped significantly in the New Year.