Alberta tops North America in employment growth!

Alberta tops North America in employment growth, study finds

Saskatchewan now third says new study

Western Canadian provinces recorded the best performing labour markets in Canada between 2005 and 2009, led by Alberta and Saskatchewan, according to a new study released today by the Fraser Institute.

The report said Alberta topped all provinces and American states, in the ranking reported in Measuring Labour Markets in Canada and the United States: 2010 Edition. The province recorded the highest level of employment growth over the five-year span that was measured, along with high levels of employment growth in the private sector and low durations of unemployment.

Saskatchewan recorded the second-best performing labour market in Canada and third overall in North America, an improvement from its eighth place ranking in last year’s report. British Columbia is ranked third in Canada, sixth in North America, with Manitoba ranking fourth in Canada and eighth overall. Both provinces moved up in the 2010 report from ninth and 21st in North America respectively.

“There’s a clear delineation in the labour market performance of the western provinces compared to Eastern Canada. Over the five years studied, western Canadian provinces are among the best performers in key areas of employment growth, private sector job creation, unemployment rate, low durations of unemployment, and high labour productivity,” said Niels Veldhuis, Fraser Institute vice president of Canadian policy research and co-author of the study, in a news release.

New Brunswick had the highest ranking of the remaining provinces, 27th overall, followed by Ontario (31st), Nova Scotia and Prince Edward Island (tied at 39th), Quebec at 43rd, with Newfoundland and Labrador the lowest ranked province at 49th.Alaska was the top ranked American state, second overall behind only Alberta. Other states ranked in the top 13 (which includes five jurisdictions tied for ninth) are: Wyoming and Utah (tied at fourth overall), Texas (sixth), and Washington, South Dakota, North Dakota, Colorado, and Arizona all tied for ninth place overall.