Alberta Finance - Heading for disaster big time!

[TenPenny]

That is the biggest BS of all the propaganda.

Alberta's major up-graders are still in the planning stages. Alberta needs Engineers (explained above), Alberta needs Physicians (explained above) Professionals in general.

If and when any of these pie in the sky schemes come to pass, Alberta will need technicians of every stripe. That however is several years down the road. Most graduating classes except mechanics will face a dark couple of years. (Along with the rest of the world)
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You do realize that you just agreed with the post that you claimed was the biggest BS of all the propoganda.

 

[cyberclark]

Employment in manufacturing fell for the second consecutive month, down 48,000 in October. Employment in the industry was down 2.7% compared with October 2010.

There were also employment losses in construction in October (-20,000). Despite this loss, construction employment stood 1.4% above the level of October 2010.

Natural resources was the only industry with employment gains in October (+12,000). Over the past 12 months, natural resources employment has grown by 5.0%.

Ontario's employment declined by 39,000 in October, with large losses in full time partially offset by gains in part time. The unemployment rate in the province rose 0.5 percentage points to 8.1%. Over the past 12 months, employment in Ontario has grown by 1.5% (+101,000).

Employment fell by 11,000 in British Columbia. Since October 2010, employment in the province has grown by 0.9%, slower than the national rate of growth (+1.4%).

In October, there were also declines in Nova Scotia, where employment fell by 3,900, and in Prince Edward Island, where it decreased by 1,300.

Overall employment in Quebec declined slightly in October and the unemployment rate rose 0.4 percentage points to 7.7%. Compared with 12 months earlier, employment in the province (+0.4%) was little changed.

Newfoundland and Labrador was the only province to experience notable employment gains in October, up 4,100. Employment in the province grew 0.9% compared with 12 months earlier.

Employment in Alberta edged up in October, and the unemployment rate declined 0.3 percentage points to 5.1%. Compared with October 2010, Alberta has had the fastest rate of employment growth of all provinces, with an increase of 4.3%.

STATSCAN - The Daily, Friday, November 4, 2011. Labour Force Survey


It's fairly obvious that these new positions are coming from fossil fuels. For now, they can fill them, but as oilsands production ramps up, you will see a flood of people moving to Alberta to try and keep up with the demand.

Manufacturing is down right now, precisely because natural resources extraction is shooting up so high. It's called the dutch disease, and it's actually happening to us on a national scale.

What the article is telling you is that the make work programs for the oil companies are costing Albertans 9 billion dollars a year! There most certainly should be some improvement in the stats. 2/5 of 1% doesn't seem like much of return.