Edmonton is now pacing the country's largest municipalities when it comes the jobless numbers. Statistics Canada's September numbers shows the unemployment rate is nine per cent.
WATCH: New numbers show Edmonton now has the highest unemployment data of any major Canadian city. But one economist says that statistic might not be as bleak as it might suggest. Erik Bay explains.Statistics Canada’s September numbers show the unemployment rate in Alberta’s capital sits at nine per cent.Moshe Lander with Concordia University’s department of economics says it could be the number of people moving into the province that’s driving up that number.
“There’s a misconception that people move to Alberta and instantaneously start a job on Monday. That’s not the way it works,” Lander said. “It’s not that the economy is necessarily soft, it’s not that Alberta’s weak, it’s just that people are moving faster than there are jobs to absorb them.”For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
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