“July’s job numbers demonstrate that Alberta’s economy continues to remain strong and provide diverse economic opportunities for every Albertan.
“In July, our unemployment rate dropped to 4.8 per cent, lower than the national average for the first time since 2015. An additional 15,000 full-time jobs is positive news. Both Edmonton and Calgary had strong months, with Edmonton seeing more than 3,000 new jobs and Calgary seeing more than 12,000. Both of those cities saw their unemployment numbers drop convincingly to 5.1 and 5.0 per cent, respectively.
“Economic indicators also show that Alberta’s economy continues to move forward. Alberta is seeing record exports and sales growth across industries. Additionally, housing starts are up 20 per cent in the first half of the year, the highest increase since 2015. We also continue to see more Albertans establish their own businesses. The number of businesses that were incorporated in Alberta has reached record levels, with 26,412 incorporations in the first half of 2022.
“I am confident that our work to diversify and strengthen our economy will continue to provide more opportunities for more Albertans in the months ahead.”