Alberta unemployment rate to surpass national average in 2016: RBC

[mentalfloss]

Thanks Oil.


Alberta unemployment rate to surpass national average in 2016: RBC

Alberta’s unemployment rate is expected to average 6.9 per cent in 2016, exceeding the national average for the first time since 1988, RBC said Tuesday.

“Private-sector hiring has fallen sharply year-to-date in November 2015 with further weakness expected as firms continue to face cost pressures,” the bank said, noting total employment has fallen only slightly from a year ago due to public-sector hiring gains. “However, as the unsustainable pace of growth in this sector diminishes, overall employment declines are set to dominate in 2016.”

The bank said unemployment is expected to fall back to 5.7 per cent in 2017. It estimated the province’s unemployment rate will average 5.9 per cent this year, up from 4.7 per cent in 2014.

Statistics Canada’s latest figures peg Alberta’s unemployment rate at seven per cent for November, up from 4.4 per cent in November 2014.

Alberta unemployment rate to surpass national average in 2016: RBC | Calgary Herald

 

[taxslave]

Thanks Oil.


Alberta unemployment rate to surpass national average in 2016: RBC

Alberta’s unemployment rate is expected to average 6.9 per cent in 2016, exceeding the national average for the first time since 1988, RBC said Tuesday.

“Private-sector hiring has fallen sharply year-to-date in November 2015 with further weakness expected as firms continue to face cost pressures,” the bank said, noting total employment has fallen only slightly from a year ago due to public-sector hiring gains. “However, as the unsustainable pace of growth in this sector diminishes, overall employment declines are set to dominate in 2016.”

The bank said unemployment is expected to fall back to 5.7 per cent in 2017. It estimated the province’s unemployment rate will average 5.9 per cent this year, up from 4.7 per cent in 2014.

Statistics Canada’s latest figures peg Alberta’s unemployment rate at seven per cent for November, up from 4.4 per cent in November 2014.

Alberta unemployment rate to surpass national average in 2016: RBC | Calgary Herald

Thanks socialism.

 

[B00Mer]

....and Mental Loss all excited at Albertans losing their jobs.

 

[mentalfloss]

Thanks socialism.

Ralph Klein was a socialist confirmed.

 

[petros]

So now that ON has 10s of thousands of shiny new journeymen trades people who earned their educations in AB and are now at home nearing the end of their pogey, WTF is going to happen to them?

 

[mentalfloss]

Let me know when Ontario has a 30% increase in suicide.

 

[B00Mer]

Let me know when Ontario has a 30% increase in suicide.

What was that Mental Retard..

Aboriginal suicide rate rising in Ontario, new report says

 

[DaSleeper]

Our Flossy has much Schadenfreude in him!

 

[IdRatherBeSkiing]

Ralph Klein was a socialist confirmed.

Ralph Klein is the current Alberta premier? Cool.

 

[petros]

Let me know when Ontario has a 30% increase in suicide.

Another 30% or fill you in on what you missed in the 80's and 90s in ON when you were stoned and skatboarding?

 

[mentalfloss]

Ralph Klein is the current Alberta premier? Cool.

Ralph Klein (and Harper) are responsible for the market volatility which has led to Alberta's economic crisis.

 

[petros]

Sorry, you'd have to go back to Chretien, Martin and Klein but Klein didn't deal directly with OPEC and PetroCanada (Fed Owned) now mostly Suncor.

As I asked before, do you need to be filled in on what you missed whiled stoned in your youth?

 

[mentalfloss]

The sad fact is that even with fossil fuel subsidies, that market is failing miserably.

 

[petros]

Without Subsidies they'll have to get by on Tax Credits.

You still haven't figured out how the industry works do you?

 

[DaSleeper]

Anything that doesn't fit his ideology is completely dismissed ....of course....

 

[Ludlow]

Hopefully there is a good safety net for the working folks to at least soften the blow until things get better. At least to buy them a little time. I think one of the saddest things I ever saw was a man in Greece being interviewed who had lost his job. He was about middle age. His comment that he couldn't , through no fault of his own , afford to even buy his daughter a cookie. It was a heart breaker. It all just sucks for real.

 

[mentalfloss]

In Greece's case they had a ridiculously high debt to GDP ratio.

It will never be that bad in Alberta.

 

[Locutus]

 

[AnnaG]

What was that Mental Retard..

Aboriginal suicide rate rising in Ontario, new report says

erm Bloomer, your charts are for 1991 to 2001.

here we have Bloomer, folks, who thinks we are 15 years ago or in 1958, whichever. And then we have Cliffy, who thinks we are in 2025 and almost to 2026.

 

[mentalfloss]

40% Debt to GDP ratio is not alarming lol