Even though total production has been higher under the UCP, the pace at which it has grown has slowed.
Tag: economy
Alberta still has the highest unemployment rate outside of Atlantic Canada.
Alberta was the only province west of Atlantic Canada with unemployment still over 6%.
During the first 3 years of the UCP administration, Alberta worker wages increased at the slowest rate in Canada.
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Alberta sucks at creating full-time jobs
Over the last 7 years, Alberta’s share of full-time jobs in Canada has been decreasing.
Since 2014, Alberta’s oil & gas industry has increased annual production to an additional 4.1 million cubic metres. But they did it with 34,000 fewer workers.
Prior to the UCP gaining power, full-time jobs were on the rise in Alberta’s hospitality sector. Since that time, the sector has reversed that trend.
Last month, Alberta’s oil and gas minister—er, I mean, energy minister—Sonya Savage tweeted out that 2021 saw oil production at record-breaking levels. Her tweet linked to an article written by Rob Roach, deputy chief economist at ATB Economics, which said that oil production was up 8% in 2021, reaching a new high of 1.32 billion […]
Alberta was the only province west of Atlantic Canada with unemployment still over 6%.
Last week, Alberta’s economy minister boasted about new records in venture capital investments in Alberta. He left out some stuff though.