StatCan Revisions Show 2015 Worst Year For Alberta Jobs Losses Since 1982

Darpan News Desk The Canadian Press, 26 Jan, 2016 12:07 PM

CALGARY — Alberta lost more jobs last year than in any year since the 1982 recession, revised numbers from Statistics Canada show.

That was much higher than the 17,200 jobs lost in the 2009 downturn and the most since the 1982 recession when Alberta shed 45,000 jobs.

The latest figures are also in stark contrast to 2014, when Alberta added 63,7000 positions, more than half of all jobs created in Canada that year.

Despite the higher number of job losses, Statistics Canada left Alberta's unemployment rate unchanged at seven per cent for 2015.

ATB Financial is predicting continued job pain for Alberta in the first half of 2016 with unemployment expected to edge up to 7.2 per cent, and the economy to shrink by 0.5 per cent.

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