Statistics Canada published the latest figures for labour force participation on Friday, providing a final insight into the labour market and unemployment for 2023.
December figures for the Calgary Metropolitan Region saw a small decline—within Statistics Canada’s margin for error—of 0.2 per cent in seasonally adjusted unemployment rates to 5.9 per cent.
Year-over-year, the seasonally adjusted unemployment rate dropped from 6.3 per cent in December of 2022.
According to analysis performed by Calgary Economic Development (CED), with the drop, Calgary’s position on national unemployment rankings improved putting it below Edmonton.
“Calgary now has the fourth highest unemployment rate of major Canadian cities (down from third-highest, as Montreal’s unemployment rate increased),” said CED.
