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Economic Highlights for the Week of August 5, 2019

Information & Updates

Economic Highlights for the Week of August 5, 2019

A weekly update of Economic Highlights.

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Economic Dashboard Indicators Updated This Week

UNEMPLOYMENT RATE

Jul 2019

7.0%

0.3% y/y

Analysis

In July 2019, Alberta's seasonally adjusted unemployment rate was 7.0%, an increase of 0.3% from July 2018. The national unemployment rate was 5.7% in July 2019, down 0.2% from the same period in 2018.
 
Alberta
By Province
By Demographic

ACTIVE DRILLING RIGS

Jul 2019

80

-40.7% y/y

Analysis

The average number of active drilling rigs in July 2019 was 80, decreasing by 55 (-40.7%) from July 2018. The number of inactive rigs increased by 2.5% from 285 to 292 over the same period.
 
Alberta
By Type

BUILDING PERMITS

Jun 2019

$908.5M

-31.3% y/y

Analysis

In June 2019, Alberta municipalities issued $908.5 million in building permits, a decrease of 31.3% from June 2018. Nationally, building permits decreased by 5.7% over the same time period. In Alberta, industrial permits increased by 28.7%, while all other permit types declined, with commercial permits seeing the largest decline at -55.7%.
 
Alberta
By Province
By Type

EMPLOYMENT

Jul 2019

2.3M

0.8% y/y

Analysis

Total employment in Alberta decreased by 14,300 jobs between June and July 2019. On a year-over-year basis, employment grew by 19,200 jobs or 0.8% in July. Over the same period, Canada's employment increased by 1.9% or by 353,00 jobs.
 
Alberta
By Province
By Type of Work

GRAIN DELIVERIES

Jun 2019

1.1M(tonnes)

-9.2% y/y

Analysis

Grain deliveries in Alberta decreased by 9.2% between June 2018 and June 2019, to 1.15 million tonnes. Canadian grain deliveries decreased by 11.3% over the same time period. In Alberta, non-durum wheat, which made up 44.2% of grain deliveries, decreased by 16.2%, while canola, which made up 42.1% of grain deliveries, increased by 4.7%.
 
Alberta
By Province
By Crop

Top Updates on Major Projects This Week

CFB Edmonton Health Sciences Centre - https://majorprojects.alberta.ca/details/CFB-Edmonton-Health-Sciences-Centre/375
Two-storey building to feature modern medical services for armed forces members, located at the CFB Edmonton Base.

Reynolds Alberta Museum Collections Facility East - https://majorprojects.alberta.ca/details/Reynolds-Alberta-Museum-Collections-Facility-East/3751
This project will create nearly 97,000 sq ft of new museum space on the east end of the museum. The new space will provide storage space for nearly 130 aircrafts and other artifacts, archive space, document storage space, a multipurpose room, and [Read More]

Brule Community Hall Replacement - https://majorprojects.alberta.ca/details/Brule-Community-Hall-Replacement/3891
Construction of an 8,500 square foot community hall to replace the ageing hall in Brule. The new hall will be able to accommodate events with up to 250 people.

Contact

For questions about the Weekly Economic Highlights, please contact economiclink@gov.ab.ca