REALTORS® Association of South Central Alberta

Alberta Employment Trends

The unemployment rate in Alberta was 5.8% as of February 2023, unchanged from the previous month. The unemployment rate stood 8.8% below the peak in June 2020 and is below the long-run average.

There were 12,200 more full-time jobs in February 2023 compared to a month earlier. A loss of 700 part-time positions led to an increase of 11,500 total jobs in February.

Full-time employment has recovered since bottoming out in November 2022 and now stands at a record high.

The number of full-time jobs in February was up from the previous month in natural resources, utilities, construction, manufacturing, trade services, transportation & warehousing, the financial sector, professional & scientific services, business & building services, healthcare, and public administration.

Full-time job losses in February occurred in agriculture, education, information & cultural services, and accommodation & food services.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

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